Bithumb Global Announces Assets Transfer Now Possible

Press Release / 28.02.2020

On 26th February, Bithumb Global announced that the exchange would now support asset transfers between Bithumb and Bithumb Global.

Bithumb, which is South Korea’s largest crypto exchange, is looking to expand its global coverage, and the move will help strengthen its connection with Bithumb Global. Users who are subscribed to Bithumb Global with a Bithumb account will particularly benefit from the exchange’s new feature.

Highlights of the Asset Transfer

One of the best highlights of this new feature is that the asset transfer is a feeless transaction. Users won’t be charged any commission to move their assets between Bithumb and Bithumb Global.

The exchange has also ensured that the transfer of assets between the two platforms will be quick. Moving your assets will be faster than withdrawing from the blockchain by about ten times.

By the announcement from Bithumb Global, clients will need to complete the KYC check tier two. Users will need to complete the check on both platforms before they can move their assets from either exchange. Therefore, users who have completed the tier two check on Bithumb can transfer their holdings to Bithumb Global. However, if they only have a tier-one KYC clearance on the Bithumb Global, they cannot move the assets from the exchange.

The exchange has set a limit of two BTC as the maximum daily amount of crypto assets that users can move. At the time of writing, this limit is equal to around $17,698.82. Users will only be allowed to move their Bitcoins and Ether assets for the time being. The exchange, however, concluded that it would keep working to make asset transfer more convenient for users.

Other Available Features on Bithumb Global

  • Wallet

Users who join Bithumb Global obtain a wallet that supports all the currencies on the exchange. Besides, the exchange separates cold and hot wallets and facilitates risk blown to ensure that your assets remain safe. Bithumb Global wallet also supports unified assets management, candy airdrop, among other services.

  • Front-end Support

Traders on the platform can use multiple ways to access the exchange. The platform allows access via Wap, Web, and APP, besides other access methods. Bithumb Global also supports multi-language and multi-currency.

  • User system

Each sub-station has several user systems that are all connected. The exchange has ensured that these systems meet the regulatory restrictions of different countries. Besides, the sub-stations combine their transactions and share the same transaction depth.

  • Safety Control

Thanks to the global risk control feature, Bithumb Global can quickly detect and contain any potential risks in all areas in real-time.

Bithumb vs. Bithumb Global

Bithumb is South Korea’s largest cryptocurrency exchange. It is one of the earliest exchanges in the country and was launched in 2014. As of November 2019, the platform had 8 million registered users and a transaction volume exceeding $1 trillion.

Bithumb Global is Bithumb’s spinout and its international platform. Bithumb announced this spinout in early 2019 before releasing Bithumb Global beta version in May 2019. Bithumb Global operates independently to serve the global audience and offers improved features to provide a better trading experience.

About Bithumb Global

Bithumb Global is Bithumb’s international platform. The exchange realized that while they had a considerable presence in South Korea, they were yet to penetrate the global market. Thus, Bithumb launched Bithumb Global to handle its international trading affairs.

Since its launch, Bithumb Global has made some significant progress in penetrating the global crypto market. In Oct 2019, the platform announced that it was looking to launch an unregulated crypto exchange in India, even as the country was still waiting to have the crypto ban lifted. Bithumb Global includes several attractive features that other exchanges lack, such as global support, low transaction fees, staking, and staging, among others.

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Wayne is a Blockchain enthusiast and expert in crypto trading. Currently, he covers trendy issues on digital currencies.