Bithumb Friend Invite review

Trading costs a taker fee of 0.25%, with a maker fee of 0.04% to 0.2% on orders that add to the book. Withdrawing to an external wallet is charged at 1,000 KRW to external wallet; free within Bithumb, so moving coins off the platform is a separate cost from trading itself.

The list covers 480 coins, which is well above the 74.5 typical of the exchanges ranked here. On the same measure Bithumb friend invite ranks 29 of 176 brands, so breadth is its strongest point.

It trades under the registration Virtual Asset Service Provider (VASP) South Korea, held by Bithumb Korea Corporation in its home market. That is the body to approach when something goes unresolved. The registration sets how the business is supervised, not what you would recover if the platform itself failed.

Fiat deposits run through bank, so funding is by bank transfer rather than card. The company is based in South Korea, which shapes which accounts and currencies work for adding funds. Anything held on the account then sits with the operator under custodial custody.

It is a cex with custodial custody, so the platform holds the coins while your account is open. That is simpler than managing keys yourself, and it means your balance depends on the operator staying in business.

Support runs on email and community, so questions go by email or through the community. There is no phone line listed, which matters if a withdrawal is stuck and you need a person quickly.

Derivatives: no. Trading here is spot only, so anyone wanting leverage or futures products has to look elsewhere. What the platform does offer is breadth, with 480 coins listed and a taker fee of 0.25%.

Across the products ranked on this site, a typical retail loss sits near 70.15%, and the upper quartile reaches 74.5%. Choosing an exchange changes the fee you pay, not the underlying market risk.

The platform has been running since 2014 under Bithumb Korea Corporation, based in South Korea. Check the registration Virtual Asset Service Provider (VASP) South Korea and how the account is supervised before depositing, rather than reading the trading history alone.