In October 2019, Bithumb Global entered the CIS crypto market, providing the Russian-speaking community with access to advanced tools ...
In October 2019, Bithumb Global entered the CIS crypto market, providing the Russian-speaking community with access to advanced tools from the top exchanges in the crypto industry. In a detailed guide, we understand how a convenient and reliable platform works, and also provide step-by-step instructions for registering, depositing an account and starting trading.
To register on the Bithumb Global crypto exchange, you must specify your Login (email address), a confirmation code that will be sent to this address, and add a Password . Also at this stage, the invitation code is indicated , which will be automatically added to the registration form when using the referral link. To complete the registration, you must agree to the Bithumb Global User Agreement , which will allow you to Create an account .
Immediately after registration, the user is taken to their profile page, where the exchange offers to enable Two-Factor Authentication (2FA). We recommend using this option as it will increase your account security. Bithumb Global uses the Google Authenticator app for this, which will need to be installed on your mobile device from Google Play or the Apple Store. You can also do this via SMS.
Through 2FA, in addition to logging into your account, withdrawals and settings changes are also confirmed. After completing registration, the user can also configure:
- Anti -phishing code - after installing the anti-phishing code, every official letter from Bithumb Global will contain this code. This will help ensure that the email is indeed received from Bithumb Global.
- Stock Password - Used to protect assets and transactions, you need to keep it securely.
- Subscription management - push notifications to users by mail, SMS and other channels. Notifications can be turned on or off.
Here you can also add another account from the parent platform Bithumb.
To start trading, you need to set a Stock Password . It is used to confirm receipt and transfer of tokens to the buyer during a transaction. To do this, in addition to the password, you will need to specify a confirmation code and a 2FA code.
At this stage, the account is verified at the 1st level , which limits the withdrawal limit per day to 5 BTC. A level 2 account has a limit of 100 BTC, and to activate it, you must go through KYC, specifying:
- Country and region
- ID number
- ID type
- Full name
- Floor
- Date of birth
Photos of identity documents must be in high resolution within 2 MB (PNG, JPG, JPEG formats are supported).
When the user's trading turnover exceeds 100 BTC, the system will increase the account authentication to level 3 , which will increase the withdrawal limits.
Then you can start crediting funds for trading. You can replenish your account balance by making a deposit with the cryptocurrency that the user is going to trade. To do this, you must select the Deposit function from the pop-up menu in the upper right corner.
Using the BIP coin as an example, let's see how to add funds to your account. After choosing a coin, we get the Deposit Address , to which you will need to send the coins you have. You can copy the address or use the QR code and then transfer coins to it from another exchange or crypto wallet, for example, from BIP Wallet .
Important: the red block below the Deposit Address contains information about the minimum deposit amount, the time the funds will be credited to the account and other important points of replenishing your account.
Withdrawal of funds is carried out by analogy with crediting a deposit. To withdraw coins, you must:
- Select coin
- In the Withdrawal address field, add the wallet address to which you want to transfer funds
- Specify withdrawal amount
- Enter Stock Password
- Enter 2FA code
A commission is charged for withdrawing funds , the amount of which will be indicated when withdrawing funds.
For users from the CIS, Fast purchase / sale of cryptocurrencies through bank cards or payment services is also available .
To do this, you need to select the desired cryptocurrency for purchase / sale, fiat currency, transaction amount and payment method. This option is open to coins such as BTC, ETH, XRP, LTC, BCH, EOS, USDT, ADA and BSV .
After that, Bithumb Global will issue a list of offers that meet the desired criteria, and then, having a level 2 account , you can make a transaction to buy / sell cryptocurrencies for rubles.
With funds in your account, you can start trading. To do this, go to the Spot Trading section . The Basic Version and the Professional Version of the Bithumb Global crypto exchange are available here . The difference in versions is in the features.
The Basic Version includes:
- Last coin price
- Daily volume of transactions
- Real time graph
- Order book (Order book)
- Order history
You can select a trading pair in the top menu by hovering over the corresponding button. That being said, trading tokens on the main section are more mature cryptocurrency / blockchain investment targets that have been tested by the market and the investment risk is relatively low.
On the Professional Edition , traders have many more additional trading tools, for example, key indicators and charts on different timeframes - from 1 minute to 1 week. Moreover, the right menu provides a list of charting tools, including Crosshair, Trendlines , Object Tree, Pitchfork, and XABCD Template among others.
Bithumb Global also provides the ability to conduct leveraged transactions for BTC and ETH paired with USDT. However, this margin trading function is intended for professional traders.
Finally
CIS traders choose Bithumb Global not only for its user-friendliness and a wide selection of trading pairs, but also for its ease of use while trading. The account verification process does not take much time, and funds are deposited in a few clicks. At the same time, the exchange has a wide range of security measures that should be used from the very beginning. At all stages of trading, traders have access to technical support in Russian, which works 24/7.
