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Top 6 Reasons Making Bithumb Preferred As An Exchange Platform

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Bithumb: 6 Reasons Making it Preferred as an Exchange Platform

Bithumb absolutely needs no introduction. Bitcoin price Bithumb is something that most people enquire of. At the same time, there are many who want to enquire whether it will be the best option. Irrespective of the platform, one should not go without having complete knowledge about the same.

So, what is Bithumb? It is basically a South Korea based crypto exchange platform. The platform is functional since 2014.

bithumb

  • Growing popularity

Undoubtedly, Bithumb Korea is the most significant crypto exchange platform in the nation. In fact, there are 8 million users in it with proper registration. However, not just Korean, Bithumb English is equally popular as well. It is equally popular among smartphone users as well, having one million users using it through their apps. Moreover, the total transaction through the platform has crossed one trillion USD.

  • Significantly low fees

As the Bithumb fees are considerably low, in comparison, there are so many people preferring it. In fact, Bithumb charges only 0.15 per cent of the cumulative amount one buys or sells. Interestingly, one can get things at an even cheaper rate upon using Bithumb voucher.

One can easily have access to the voucher through his/her account. Moreover, one can bring the trading cost down to even 0.01 per cent using this voucher. This is the reason that people consider Bithumb as the cheapest option as a crypto exchange platform. In fact, one can enjoy an even greater discount upon trading larger volumes.

  • Better support/features

Keeping the significant transaction in mind, Bithumb USA customer base has significantly grown. However, one should not simply go with it just because of popularity. Bithumb US customers should go through a proper Bithumb review to realize the worth of it. There are many advantages that make Bithumb distinguishing. For example, they provide live support and also offer massive trading volume. This is the reason that the platform is suitable for both beginners and experienced professionals.

  • Safest

People often don’t worry much about the effectiveness of Bithumb as a platform. Almost every Bithumb review depicts its good part. However, most want to enquire is Bithumb safe? In this context, the good news is that the security standard has improved significantly for users. It is perfectly trustworthy as far as the safety of funds is concerned.

Most importantly, they don’t let unknown accounts function. The best part, they have a dedicated team to keep their eyes on doubtful activities.

Most people enquire about Bithumb safety aspects keeping the 2017 hack in mind. However, it’s true that Bithumb instantly agreed to pay back everyone up to 900 dollars. Above all, the Bithumb exchange has not suffered from any other attacks since then. People are much confident about keeping huge amounts of cryptocurrency in Bithumb these days.

  • Most transparent

From a transparency perspective, Bithumb is indeed one of the most reliable platforms. Rather, it is currently the cleanest exchange from legal perspectives. Moreover, top authorities of Korea have investigated the platform. In fact, this includes authorities from the tax department and FIU as well. The best part, they have given absolute clean cheat to Bithumb. Specifically, news came in June 2018 that Bithumb is absolutely flawless from legal perspectives. This makes Bithumb the most reliable than ever.

  • Greater options

Bithumb offers a huge range of coins. In fact, one can have 103 options for coins to trade. Starting from Bitcoin to Ripple, it provides all. In fact, one can trade for comparatively not-so-popular options as well, like Ethos.

Conclusion

Bithumb is indeed one of the finest options for beginners. Those looking for alternatives may go with BitXmi as well. It is another highly reliable platform at the moment. Anyway, what do you think?

Do you think Bithumb the cheapest and most transparent platform at present?

Learn more about Bitfinix review.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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