What is Bithumb Global? This guide provides a detailed overview of how to use the Bithumb Global exchange, including account registration, deposits, withdrawals, and margin trading!
In this article, coinrin will introduce you to Bithumb Global (also known as Bit Global) and provide detailed instructions on how to register an account, verify your identity, deposit and withdraw funds, and trade cryptocurrencies on the exchange. Additionally, at the end of the article, coinrin will answer some frequently asked questions about Bithumb Global!
What is Bithumb Global?
Bithumb Global (Bit Global) is an international cryptocurrency exchange headquartered in South Korea and registered in Seychelles. Founded in May 2019, Javier Sim is the Co-founder and CEO of Bithumb Global.
Due to regulatory issues, Bithumb has separated into Bithumb (serving South Korean customers), Bithumb Pro or Bithumb Global (the global version), and Bithumb Singapore.
Bithumb Global (or Bit Global) Exchange Interface
With that, here is some basic and general information about the Bithumb Global exchange:
- Name: Bithumb Global
- Type: Cryptocurrency exchange
- Founded: 2019
- Founder: Javier Sim
- Website: www.bithumb.pro/en-us
Should you trade on Bithumb Global?
Based on the advantages and disadvantages below, you can decide for yourself whether or not to trade on Bit Global!
Advantages
Some of the advantages of Bithumb Global include:
- Currently supports over 268 coins & tokens with more than 341 trading pairs: Almost all the altcoins you want to trade are available on the Bithumb Global exchange.
- Multilingual support: Bithumb Global supports multiple languages such as Chinese, English, Japanese, Korean, Russian, etc., and is providing global trading services in many countries and regions.
- Simple and user-friendly interface: Easy for beginners to use, and trading fees on Bithumb Global are also quite cheap (0.1% for both maker and taker).
- Variety of trading types: Users can trade spot and margin on Bithumb Global.
Disadvantages
- Centralized exchange (CEX) with low liquidity: 24-hour trading volume is only around $210 million, while top CEXs in the industry typically have trading volumes in the billions of dollars per day.
- Bithumb Global’s identity verification is relatively slow, which can sometimes be frustrating for users.
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 for 11 tokens on the market, including: BTC, ETH, LTC, XRP, etc.
- Fiat Trading: Bithumb partners with Paxful and other partners to provide fiat-to-cryptocurrency purchase services for most countries around the world. Notably, Bithumb supports both VISA and MasterCard, so you can buy cryptocurrency anywhere, and the funds will be transferred directly to your Bithumb Global account.
- Smart Token: Smart Token is a special type of token whose value is inversely proportional to the price of its opposing token. Buying these tokens is equivalent to a 1x short order, suitable for those who want to speculate on price declines.
Fees on the Bithumb Global Exchange
Trading Fees
Bit Global charges a 1% trading fee when users execute Spot and Margin trades, including:
- Maker: 0.025%. If you place a buy/sell order that is not immediately filled, then the order will be displayed in the “Order” section and you will be the Maker.
- Taker: 0.075%. If you place a buy/sell order that is immediately filled, then you will be the Taker.
Deposit and Withdrawal Fees
Similar to many other cryptocurrency exchanges:
- Depositing coins on the Bithumb Global exchange is free.
- Withdrawal fees will vary depending on the coin. You can refer to the full coin withdrawal fee schedule here. Note that Bithumb Global will change withdrawal fees depending on market volatility; these fees can increase or decrease and are not fixed.
Instructions for registering a Bithumb Global account
First, you visit the Bithumb Global website at: https://www.bitglobal.com/en-us
Then, click on “Register” on the right side of the screen on the Bithumb Global homepage and enter the following information: Email, password and referral 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 from the email into the 6 boxes in the “Email Verification Code” section on Bithumb Global, and you have successfully registered a Bithumb Global account!
Guide to securing your account on Bithumb Global
Set up 2FA security
After successfully logging into Bithumb Global, go to the “Security” section.
In the “Google Authentication” section, click “Enable”. The general process will go through the steps as described in the image;
After downloading an authenticator app, use it to scan the QR code provided by Bithumb Global. Make sure to write down your personal key on paper (in case you lose your phone).
Next, enter your password and the 6 digits provided by the authenticator app, then click “Confirm” to complete the 2FA security setup.
You can use Google Authenticator or Authy to generate your 2FA key!
Identity Verification – KYC LV2
After successfully logging into Bithumb Global, go to the User Profile section
As you can see, when you finish registering your account, you have completed KYC Level 1 and have a withdrawal limit of 1 BTC per day. If you want to increase this limit, you will need to complete KYC Level 2.
To complete KYC Level 2, click “Submit Information”. Once this interface appears, enter your personal information. Upload 3 images as instructed
Once completed, your account will have a maximum withdrawal limit of 100 Bitcoin per day.
Guide to depositing and withdrawing funds on the Bithumb Global exchange
Depositing Funds
After successfully logging into Bithumb Global, go to the “Deposit” section.
In this interface, select the coin or token you want to deposit into the exchange and then send the coins to the address provided.
Important: Please confirm the token protocol before transferring assets; otherwise, your deposit will be permanently lost and NOT refundable.
Withdrawing Funds
After successfully logging into Bithumb Global, go to the “Assets” section, then select “Withdrawal”.
In this interface, select the coin or token you want to withdraw from the exchange and then withdraw the coins to that address.
Important: Please confirm the token address and protocol before withdrawing assets; otherwise, your withdrawal will be permanently lost and NOT refundable.
Guide to Spot Trading on Bithumb Global
After logging into your account, click on “Spot”. You can choose between “Standard” or “Advanced” trading modes
Next, go to the trading page and select the trading pair you want to trade (for example, BTC/USDT)
Next, choose the order type you want to use. If you select “limit“, you must set the price and quantity. If you select “market”, the order will be executed at the current market price.
Guide to Basic Margin Trading on Bithumb Global
To trade on margin, select “Margin” at the top left of the navigation ba
Next, enter the price and quantity of the coin and click “Buy (Long) BTC”. If you want to short BTC, you will have to click “Sell (Short) BTC”.
At the bottom right of the page, you will be able to see your leveraged assets as well as borrowed assets. You will also see your margin, leverage, and loans.
Frequently Asked Questions about the Bithumb Global Exchange
Is Bithumb Global reputable?
To date, 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 losing 2FA on Bit Global
If you lose your 2FA on the Bithumb Global exchange, first check to see if you saved the 16-digit key when activating Google Authenticator.
If you saved the key, you can simply enter those 16 digits back into the Google Authenticator app to automatically regenerate a new code for you.
The Bithumb Global exchange will notify you via email, asking you to confirm that you are creating a new 2FA. In case you no longer have the key, quickly send a request to Bithumb Global’s support team at
: https://t.me/bithumbglobal_EN
What is the Bithumb Global Token?
Bithumb Global does not have a token.
What is the deposit and withdrawal limit on Bit Global?
KYC Level 1 allows users to withdraw a maximum of 1 BTC per day. After successfully completing KYC Level 2 on Bithumb Global, users can withdraw a maximum of 100 BTC per day.
Summary
So I have introduced you to what Bithumb Global is and provided detailed instructions on how to use it. If you have any questions about the Bithumb Global exchange, please leave a comment at the end of the article to discuss with the admins and other members!
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See also Guide to using the Bitstamp exchange.
