Buy Verified Bithumb Accounts

1. How to Open an Account on Bithumb:

• Step 1: Follow to the official page of Bithumb at Bithumb website, mobile app or through google play store.
• Step 2: Find the “Sign Up” or “Register” button and press it.
• Step 3: You will again be asked for your email and you will need to come up with a password. Once completing the required fields in the registration form, make sure to check your email for the confirmation link.
• Step 4: Two-factor authentication or 2FA should be turned on so that more protection can be achieved.
• Step 5: The withdrawal limits are lower when you do not complete the KYC verification procedure fully.

3. Is Bithumb Exchange Legit?

Yes, Bithumb is real cryptocurrency exchange at the same, it is one of the biggest exchanges operating in South Korean market. It has been in existence since 2014 and currently, it boasts of having many users. However, like other exchanges, it has some defraud experiences including several hacking incidents and thus user are advised to adhere to proper security measures such as; use of difficult password and activation of two factor authentication. However, it is still operating in South Korea under very high regulatory controls following such incidences.

4. Who is the Owner of Bithumb?

The original Bithumb is owned by the Bithumb Korea Co., Ltd. It has been somewhat complex primarily because of acquisition and investment activities. Significantly, BK Global Consortium, managed by South Korean plastic surgeon, Kim Byung-gun participated in an acquisition deal of Bithumb in 2018. However, over the years there have been various changes and disputes concerning ownership of the company; thus, the exact ownership is a bit distorted.

This paper seeks to describe the original country of the Bithumb exchange.

Bithumb has originated from South Korea. They are one of the biggest and well recognized cryptocurrency exchanges in the country and the company is based in Seoul. Although its business is global, it mainly focuses on the South Korean market and is controlled by the South Korean regulation system.

Can Bithumb Work in the USA?

Yes, unfortunately, the users from the United States cannot access the Bithumb exchange. International exchanges face substantial hurdles due to the policy imposed on cryptocurrency in the United States that has not allowed Bithumb to register with FinCEN as a formal exchange. Bluntly, most residents in the United States cannot open an account on Bithumb.

Who Are the Owners of Bithumb?

Therefore, the ownership structure of Bithumb has changed through mergers, acquisitions as well as legal battles. Historically, Bithumb Korea Co., Ltd. operated the exchange, but there have been several significant developments:

• BK Global Consortium which was the team led by Kim Byung-gun, a South Korean surgeon, was also engaged in a takeover bid in 2018 although the deal was full of legal and financial troubles.
• Recently, holdings of Bithumb has been owning part of the South Korean techno-commercial firm, Vidente Co., Ltd. But the ownership picture has remained rather ambiguous because of the new spates of disagreements and rumors.

Currently, ownership is structure with several players, with Vidente Co. being one of them.

Is Bithumb Exchange Legit?

Yes, Bithumb is one of the genuine cryptocurrencies trading platforms. First, it is one of the biggest and the most experienced exchanges in South Korea, which started its work in 2014. Another exchange, Bithumb, is subject to the Korean legislation on financial services and has a high degree of domination in Korea. Although, the exchange have had its fair share of security incidents whereby users would have deposited own funds only to lose them to hackers; therefore, it is recommended that users practice good security measures such as enabling the use TWO-FACTOR AUTHENTICATION (2FA).

Is Bithumb Safe?

In essence, Bithumb can be well described as a reliable exchange that is as safe as others, yet, there are some things worth knowing before getting engaged with this platform. Here’s a breakdown of its security and safety:

• Regulatory Compliance
• Regulated by South Korean Authorities: Bithumb operates from South Korea and like most Asian countries, it falls under the local regulations. Starting from 2021, South Korea increased the pressure on cryptocurrency exchanges by regulating their activities, including the need to include the FIU in their list of activities and comply with requirements for countering money laundering. This is to avoid a situation where the athletes are left completely on their own only to be injured again, and the entire process repeats itself.

Conclusion

To be precise, Bithumb is irreversible in terms of daily trading and transactions, due to the regulatory presence and protection provided. There are some risks that users should bear in mind, including hack attacks and therefore, investors should avoid depositing their cryptos for long periods at the exchange but instead can transfer them to personal wallets.