Bithumb is the largest and highest-volume cryptocurrency exchange in Korea and is ranked among the top 10 worldwide cryptocurrency exchanges regarding trading volume, which offers the lowest commission rates in the world.
Here are the practical steps on how to trade Monero (XMR) on your Bithumb account:
Go to https://www.bithumb.com and click on “Sign Up.”
Enter the information needed like email address, password, cell phone number, etc. Tick the small boxes to agree with the terms and conditions, the Captcha, and then hit “Sign Up.”
After signing up, a link will be sent to your email to confirm your account. Click on the link that will redirect you to your Bithumb account.
Enter the email address and password you have registered and then click “Sign In.”
Enter the security password you used when you signed up then click “Confirm.”
In the crypto world, protecting your account is highly recommended to keep hackers away from stealing your funds. To do this, the account user must set up a 2FA or 2-Factor Authentication. It is an extra level of protection having one part as your username and password, and the other a piece of information like something the account owner knows, have or is, which includes OTPs send to your mobile phone, PINs, answers to “security questions,” or a biometric pattern of a fingerprint.
On your Bithumb account, go to the “OTP Authentication” tab on the left side of the main page. Follow the instructions provided and click on “Next.”
To start depositing funds, you must first verify your Bithumb account.
Select the “Authentication” tab at the left side of the page. There are certain levels in which you can access your account better. Upon signing up, you are automatically at LEVEL 1. To get to the next level, you are required to verify your ID with your mobile phone, I-PIN ID confirmation or submit an ID (passport). Level 3 requires a Written Consent, and Level 4 needs the verification of your residence.
You can also check out the Deposit Limit and Withdrawal Limit on each currency at this page.
From the homepage, select the “Wallet” tab at the top and choose “Deposit.”
Or click on “Deposit/Charge” at the upper right side of the page.
Click on “Exchange,” the first tab at the top bar beside Bithumb Cash. Next, select the currency you wish to trade.
Let’s say you want to buy Bitcoin. Click on it, and you get directed to the trading page. Enter the amount you desire to trade, and then hit “Buy.” Remember, always to check your order before proceeding.
You can check your transaction history at the bottom of the page at the “History” Section or by clicking on the “Pending Order” and “Completed Orders” buttons at the bottom of the vertical tab on the right side.
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