Bithumb Global Review: More Than 100 Coins to Trade, Major Fiat Support, ETF and MoreBithumb Global exchange reviewMost of our readers probably know Bithumb as the leading cryptocurrency exchange in South Korea, but the company behind the platform also has global ambitions. Today, we’ll be taking a look at Bithumb Global, an exchange that brings the Bithumb experience to traders from across the globe.
Bithumb Global delivers an exchange that will be particularly useful for altcoin traders. The platform lists a wide range of assets, many of which have a trading pair against the almost universally present USDT stablecoin.
Bithumb Global also supports fiat currency, and features an extensive selection of payment options for buying and selling cryptocurrency with fiat. The exchange offers this functionality thanks to its partnerships with a variety of fiat-to-crypto gateway operators.
Here’s some basic facts about Bithumb Global:
Launched: 2019
CEO: Javier Sim
Location: Hong Kong
Type: Centralized cryptocurrency exchange
The pros of trading cryptocurrency on Bithumb Global:Big selection of crypto assets
Feature-packed platform
Users can buy and sell crypto with fiat currency
Frequent promotions
Mobile app
Bithumb Global features reviewBithumb Global offers a suite of features that’s competitive with even the most feature-packed exchanges on the market today. Here’s what we’ll be going through in this review:
Listed crypto assets
Trading interface and supported order types
Fiat currency support and credit/debit card purchases
Margin trading
Smart Tokens
Staking
IEOs
Competitions
Bithumb Global lists a huge variety of crypto assetsWhen it comes to the selection of listed crypto assets, Bithumb Global certainly delivers the flexibility that’s required by altcoin fans. Most of the exchange’s trading pairs are denominated in the USDT stablecoin, although Bithumb Global also lists markets denominated in BTC and ETH.
On Bithumb Global, traders will be able to find a number of low market cap assets that aren’t listed on Binance or other leading cryptocurrency exchanges, which gives the exchange a unique proposition.
However, it’s slightly perplexing that Bithumb Global does not list certain highly popular altcoins, for example Tezos, ChainLink, VeChain and ICON. Listing these crypto assets would make Bithumb Global a much more attractive proposition for many cryptocurrency enthusiasts.
Trading interface and supported order typesBithumb Global offers a clean trading interface, and gives users the option of selecting between a “basic” and “advanced” interface. The advanced mode features the popular charting tools from TradingView, a feature that will be welcomed by many cryptocurrency traders.
One of the only big downsides of Bithumb Global’s trading interface is that it doesn’t offer much in the way of customization. You can’t resize the various sections or hide sections that aren’t relevant to you. Users can choose between a day mode and a night mode, and both options are aesthetically pleasing.
Bithumb Global allows you to make market and limit orders. While this will suffice for the vast majority of crypto traders, we’d still like to see the exchange offer a slightly more complex and flexible set of order types.
Bithumb Global offers fiat currency support and credit/debit card purchasesUsers can buy and sell cryptocurrency with fiat currency on Bithumb Global thanks to the exchange’s integrations with third-party fiat-to-crypto gateway providers.
Currently, Bithumb Global’s fiat currency feature allows users to buy almost 20 popular crypto assets with fiat. You can also sell Bitcoin and Tether USD for fiat. However, the best part about Bithumb Global’s fiat currency offering is that the platform supports a large variety of payment options:
After you select the payment method and the amount of cryptocurrency you would like to buy, the exchange will present you with a list of offers from various fiat-to-crypto gateways. The offers are sorted by their reference price, expected time to complete the order, and the amount of crypto you can expect to receive. This is a very helpful feature and will help users find the best deal available when purchasing their crypto.
Margin trading with up to 10x leverageBithumb Global features margin trading for Bitcoin, Ethereum, XRP and Litecoin. You can access leverage of up to 10x through the margin trading feature. Margin trading is a nice touch, but do keep in mind that you’ll have to pay interest on any crypto assets you borrow to access leverage.
If you’re looking to trade futures contracts and want higher leverage, you can check out the Bithumb Futures platform. However, Bithumb Futures is a separate platform from Bithumb Global, so we won’t be covering it in depth here.
Smart TokensThe Bithumb Global exchange offers leveraged tokens under the “Smart Token” brand, and offers tokens tied to the price of Bitcoin, Ethereum, XRP and Litecoin. At the moment, the smart tokens listed by Bithumb Global allow traders to go short on the underlying cryptocurrencies. Buying a smart token is similar to opening an unleveraged short position on the underlying coin, although traders shouldn’t expect the results to be exactly the same to going short without leverage through a futures contract.
Staking on Bithumb GlobalBithumb Global offers staking services through the “BG Staking” feature. While it is labeled as staking, it seems more akin to lending – users lock up their coins for a pre-determined amount of time, and receive additional coins in return.
Staking is not available all the time – the exchange will occasionally provide staking programs that are accessible for a limited period of time. At the time of the writing of this review, no staking program is currently active on Bithumb Global. The staking programs on Bithumb Global tend to be focused on low market cap cryptocurrencies.
Token salesBithumb Global hosts token sales under the “BG Staging” banner. Before users can participate in token sales, they have to complete a know your customer (KYC) verification and participate in a lottery for the chance of getting a ticket to the token sale. So far, Bithumb Global has hosted 2 token sales in 2020.
Currently, the top 3 projects in terms of token performance to have conducted a token sale through Bithumb Global are TUNE Token, F1ZZ and WOM Protocol.
Bithumb Global competitionsBithumb Global regularly conducts competitions and promotions that allow participants to earn some extra cryptocurrency. These promotions are often conducted when a new asset is listed on Bithumb Global. However, keep in mind that you will have to pass a KYC process before you can participate in many of the competitions.
Bithumb Global mobile app Bithumb Global is a mobile-friendly exchange, and offers official apps for both the Android and iOS mobile platforms. The apps are designed well and let you access the most important functionality of the Bithumb Global platform even if you’re on the go.
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