Bithumb Review 2025

Bithumb is a South Korean crypto exchange with 8 million registered users. It offers over 170 tradable coins with crypto bot trading support, which allows you to start trading with only $1.

This exchange does not charge a fee for trading in the BTC market, but a maximum 0.25% commission is charged for KRW-market trading.

Bithumb South Korean crypto exchange complete review

Bithumb; Company Information & Regulation

This exchange is a South Korean company established in 2014 by Dae-sik Kim (later became Chief Crypto Officer at Bezant Foundation) and Javier Sim. Its current CEO is Jaewon Lee, with its headquarters located in Seoul, South Korea. This project was created by BTC Korea.com Co. Ltd in 2013.

This exchange, like many other ones in the industry, is not regulated by any authority, but it has taken some measures like 5-5-7 regulation, insurance, network separation, and ISMS certification to level up the security.

Bithumb is one of the country’s longest-operating platforms and offers spot trading, staking, and lending. While derivatives are not available, the platform is widely used by both retail and institutional users.

As of 2019, Bithumb had reportedly processed over $1 trillion in cumulative volume and served more than 8 million registered users.

Summary of Specifications

In this section, we will have a glance at the key specifics of this exchange. Table of features:

Pros & Cons

Every crypto exchange has its strengths and weaknesses. Here's how Bithumb stacks up:

Bithumb User Levels

This exchange employs a tiered user verification system that determines withdrawal limits. Here's how it breaks down:

Bithumb Commission and Fees

Bithumb has made waves with its competitive fee structure. It offers some of the lowest numbers in the industry. Fees Overview:

Bithumb applies a variable maker-taker fee structure, ranging between 0.04% and 0.25% for the KRW market. Users can access discounted rates by purchasing tiered coupons based on trading activity. Bithumb commission tiers:

Deposits incur no fee except those below the minimum amount for certain cryptocurrencies (e.g., 0.005 BTC). Withdrawal commissions depend on the asset used and the blockchain network.

What Coins Does Bithumb Support?

Bithumb supports both crypto-to-crypto and crypto-to-fiat spot trading, primarily via two markets: KRW-based and BTC-based.

Bithumb isn't shy about offering a wide range of cryptocurrencies. It provides access to more than 170 digital assets, including but not limited to:

• BTC
• ETH
• XRP
• ETC
• ADA
• DOT
• MATIC
• BCH
• LTC

In addition to manual trading, users can utilize AI-driven Auto Trading or algorithmic Bot Trading tools.

Bithumb Futures and Margin Trading: Complete overview

Unfortunately, this exchange does not offer any futures market trading or margin options. If you are really looking to trade futures, you need to look elsewhere.

How to Sign Up and Verify Your Account on Bithumb

Creating an account on this exchange is simple and mobile-verified, designed with layered verification tiers (Levels 1–4) to suit different trading needs. Each step ensures both security and regulatory alignment, especially for identity verification.

#1 Visit the Official Website

Navigate to the exchange’s homepage and click on “Sign Up” to begin registration.

#2 Mobile Number Verification

Enter your mobile phone number, which must be registered under your legal name. This number will be used to verify your identity via SMS.

Mobile phone number verification on Bithumb exchange for registration

#3 Provide Email and Location

Add a valid email address and specify your country or region of residence.

#4 Create a Secure Password

Set a strong, unique password for account protection. After completing these steps, you can access different user verification levels (1–4) to unlock deposit, withdrawal, and trading features.

Each level requires specific documentation, which is covered in the platform’s verification section.

What Platforms and Applications Does Bithumb Offer?

This exchange offers a proprietary platform for traders. This platform is accessible through the web, iOS, and Android, and clients should go through one of these ways in order to start trading. Here are the download links for mobile applications:

• Bithumb Android
• Bithumb iOS

Bithumb Security Evaluation

Security is paramount in the crypto world, and Bithumb has taken significant steps to protect its users. The exchange's security features:

• Bithumb adheres to the "5-5-7 Regulation": 5% of personnel are IT specialists, 5% of IT personnel are data security specialists, and 7% of the budget is dedicated to data protection;
• The exchange has implemented comprehensive security solutions used by commercial banks;
• Bithumb has purchased cyber insurance coverage of up to 6 billion KRW;
• The company maintains network separation and intrusion prevention systems monitored 24/7;
• Bithumb has obtained ISMS certification and plans to acquire additional global security certifications like PIMS and ISO27001.

However, it's not all smooth sailing. Bithumb experienced a major hack in 2017, losing about $31 million worth of cryptocurrencies.

What Options Do You Have for Payments?

When it comes to funding your Bithumb account, options are somewhat limited. Payment Methods:

• Deposits and withdrawals in Korean won (KRW) for South Korean residents
• Deposits and withdrawals using cryptocurrencies only for international users
• No support for other fiat currencies or payment methods

This limitation might be a significant drawback for international users looking for more diverse payment options. It's clear that the exchange's primary focus remains on the South Korean market.

Trust Scores Overview

When it comes to finance and funds, trust acts as a very important asset. Bithumb's reputation has taken some hits, especially on Trustpilot, and the overall scores are lower than average. Trust Reviews:

• Bithumb Trustpilot: 1.4 out of 5, based on over 30 reviews
• REVIEWS.io: 1.4 out of 10, more than 10 reviews

However, there aren't many users and reviewers who have evaluated this exchange; therefore, we can't be sure of the reliability of these scores.

Bithumb Features

Bithumb offers various crypto-special services like lending and staking. However, it doesn't support social trading.

Customer Services in Bithumb: Schedule & Methods

There is little information about the support contact methods for this exchange. However, you can contact the customer service through the "info@bithumbcorp.com" email address.

There is no phone number available on the website. Regarding the working hours, the team is ready to answer your inquiries 24/7.

Bithumb Copy Trading and Investment Options: Does It Offer Any Services?

This exchange does not provide any copy trading services. However, it offers investment programs with an average annual income of 7% up to a maximum of 20% on deposits. To start, the user needs to choose an available option, then freeze the required amount of the asset desired.

Bithumb supports passive income through lending and crypto staking. Users can lend assets like Bitcoin and Ethereum for 3 to 7 days at competitive returns starting at 1%.

Staking is also available, including Ethereum 2.0 staking through BETH, offering annual returns based on the duration and amount staked.

Which Countries are Restricted from Bithumb's Services?

This exchange does not offer services to the countries that failed to comply with the Financial Action Task Force (FATF) standards. These countries include:

• Yemen
• Iran
• North Korea
• Iceland
• Barbados
• Myanmar
• Syria

The list includes 21 countries in total.

Bithumb's list of banned countries and regions

Bithumb vs Other Exchanges

The table below compares Bithumb's specifics with other top players in the market.

Writer's Opinion And Conclusion

Bithumb exchange has more than $300,000,000 in daily trading volume and over 8 million registered accounts. The platform has received a 7/10 evaluation score on CoinGecko and a 1.4/5 rating on Trustpilot.

The company was founded by Dae-sik Kim and Javier Sim, but currently, it's led by CEO Jaewon Lee.