In this article, Coin98 will introduce you to Bithumb Global (also known as Bit Global) and the most detailed instructions on how to register an account, verify identity, deposit and withdraw as well as transactions. cryptocurrency on the exchange. At the same time, at the end of the article Coin98 will also answer some of the questions you often ask about Bithumb Global!
What is Bithumb Global Exchange?
Bithumb Global (Bit Global) is an international cryptocurrency exchange based in South Korea and registered in the Seychelles. Founded in May 2019, Javier Sim is the Co-Founder and CEO of Bithumb Global.
Due to legal issues, Bithumb has split into Bithumb exchange (to serve Korean customers), Bithumb Pro or Bithumb Global (global version) and Bithumb Singapore .
Interface Bitthumb Global (or Bit Global)
As such, here are some basic information and an overview of the Bithumb Global exchange:
- Name: Bithumb Global.
- Form: Cryptocurrency exchange.
- Established year: 2019.
- Founder: Javier Sim
- Website: www.bithumb.pro/en-us
Should you trade on Bithumb Global?
Based on the advantages and disadvantages below, you will be able to decide for yourself whether to trade on Bit Global or not!
Advantages
Some advantages of Bithumb Global exchange can be mentioned as:
- Currently supporting more than 268 Coins & Tokens, over 341 trading pairs: Almost all the Altcoins you want to trade are available on the Bithumb Global exchange.
- Multilingual support: Bithumb Global supports many languages such as Chinese, English, Japanese, Korean, Russian,... and is providing global trading services in many countries and regions.
- The interface is simple and friendly, so it is easy for beginners to use, the transaction fee on Bithumb Global is also quite cheap (0.1% for both maker and taker).
- There are many types of transactions for users to use, users can trade spot, margin on Bithumb Global exchange.
Defect
- Centralized exchange ( CEX ) lacks liquidity: The trading volume in the past 24 hours is only around $210M, while the top CEX in the industry has a trading volume that often fluctuates billions of dollars per day.
- Bithumb Global identity verification is relatively slow , which sometimes makes users uncomfortable.
Bithumb Global's Ecosystem
Spot Trading : Like most other exchanges, Bithumb Global mainly provides exchange services between cryptocurrencies. Bithumb has popular trading pairs of USDT, BTC, ETH, RUB with hundreds of other coins.
Margin Trading : Bithumb only offers margin trading of 11 types of tokens on the market including: BTC, ETH, LTC, XRP,...
Fiat Trading : Bithumb links up with Paxful and several other partners to provide fiat-to-cryptocurrency purchases to most countries around the world. Especially Bithumb supports both VISA and MasterCard so you can buy cryptocurrency anywhere, this money will be transferred directly to your Bithumb Global account.
Smart token : Smart token is a special token whose value is inversely proportional to the price of its opposite token, buying these tokens is equivalent to a 1x short, suitable for those who want to speculate on the price drop.
Fees on the Bithumb Global exchange
Transaction fee
Bit Global charges 1% transaction fee when users make Spot, Margin trades, which includes:
- Maker: 0.025% . If you place a buy/sell order that is not executed immediately, then the order will be displayed on the “Order” section and you will be a Maker.
- Taker: 0.075%. If you place a buy/sell order and it is executed immediately, you will be a Taker.
Deposit and withdrawal fee
Like many other cryptocurrency exchanges:
- Deposit fees on Bithumb Global exchange are free.
- Withdrawal fees will vary from coin to coin. You can refer to the full withdrawal fee schedule for each type of coin here . Note that depending on market volatility, Bithumb Global exchange will change withdrawal fees, these fees may increase or decrease, not fixed.
Instructions to register for Bithumb Global exchange
First, visit Bithumb Global's website at: www.bithumb.pro/en-us
Then, click on “ Register ” on the right side of the screen on the homepage of Bithumb Global and in turn enter the following information: Email, password and referral ref code (if any). Then click on “ Create Account ”.
Note that after clicking " Send ", Bithumb Global will send a confirmation email with an account verification code, enter the 6 digits in the email into the 6 boxes in the Email verification code section on Bithumb Global, that's it. successfully registered Bithumb Global account!
Instructions for account security on Bithumb Global
Set up 2FA security
After successfully logging in to Bithumb Global, visit: www.bithumb.pro/en-us/account/user/security
Under “ Google Authentication ” click “ Enable ”. The overview process will go through the steps as shown in the picture;
After downloading Authenticator, users using the Authentication application scan the QR code provided by Bithumb Global and remember to write down your private key on paper (in case you lose your phone).
Then enter the Password and 6 numbers provided by Authenticator, click “ Confirm ” as the user has completed the 2FA Security Setup.
Here you can use Google Authenticator or Authy apps to generate 2FA keys!
Identity Verification - KYC LV2
After successfully logging in to Bithumb Global, visit: www.bithumb.pro/en-us/account/user/security
As you can see, when you sign up for an account, you have completed KYC Lv1 and have a withdrawal limit of 1 BTC per day, if you want to increase this limit, you will need KYC Lv2.
To KYC LV2, you click “ Submit Information ”. After it appears this interface, enter your personal information. Upload 3 images according to the instructions.
Once completed, your account will be able to withdraw up to 100 Bitcoins a day.
Instructions for depositing and withdrawing money on Bithumb Global exchange
Recharge
After successfully logging in to Bithumb Global, visit: www.bithumb.pro/en-us/asset/deposit/spot
In this interface, you choose the type of Coin or token you want to transfer to the exchange and then send the Coin to the address on the exchange.
Note: Please confirm the token protocol before transferring assets, otherwise your deposit will be lost forever and NOT refundable.
Withdraw money
After successfully logging in to Bithumb Global, visit: www.bithumb.pro/en-us/asset/withdraw/spot
In this interface, you choose the type of Coin or token you want to withdraw to the exchange and then withdraw the Coin to that address.
Note: Please confirm token address and protocol before withdrawing assets, otherwise your withdrawal will be lost forever and NOT refundable.
Guide to Trade Bithumb Global Spot
After login to your account, you click " Spot ", you can choose " Standard " or " Advanced ".
Then, go to the trading page and select the trading pair to trade (ex: BTC/USDT).
Then choose the type of transaction you want to use. If you choose “ limit ”, you must set the price and quantity. If “ market ” is selected, the order will be executed at the current market price.
Basic Guide to Trade Margin on Bithumb Global
To trade Margin, please select “ Margin ” at the top left of the navigation bar.
Then enter the Coin price and quantity and click “ Buy (Long) BTC ”. If you want to short BTC, you will have to click “ Sell (Short) BTC ”.
On the bottom right of the page you will be able to see leveraged assets as well as borrowed assets. You will also see margin, leverage and loans.
Frequently asked questions about Bithumb Global exchange
Is Bithumb Global exchange reputable?
Up to now, Bithumb Global has never been hacked or accused of fraud. Therefore, it can be said that Bit Global is a fairly reputable exchange.
How to handle the problem when losing 2FA on Bit Global exchange
When you lose 2FA on the Bithumb Global exchange, you should first check if you have saved the 16-digit Key when activating Google Authenticator.
If you have saved the Key, you just need to re-enter those 16 digits into the app and Google Authenticator will automatically generate a new code for you.
Bithumb Global exchange will notify via email, asking you to confirm that you are creating a new 2FA. In case the Key is no longer available, please quickly send a request to Bithumb Global support at: https://t.me/bithumbglobal_EN
What is Bithumb Global Token?
Bithumb Global has no tokens.
What is the deposit and withdrawal limit on Bit Global?
KYC Lv1 allows users to withdraw up to 1 BTC per day. After successful KYC Lv2 on Bithumb Global, users can withdraw up to 100 BTC per day.
summary
So, I introduced you to what Bithumb Global is and how to use Bithumb Global in detail. If you have any questions about the Bithumb Global exchange, leave a comment at the end of the article and join the Insights Chat group to exchange and discuss with admins and many other members!
