BitGlobal

The website is available in eight languages for the convenience of users. These are the main European and Asian languages to cover the major part of potential visitors: English, Korean, Chinese, Japanese, Russian, Spanish, Turkey, and French.

The exchange supports local fiat currencies as cryptocurrencies are paired with them. At the time of writing, BTC/RUB, USDT/RUB, BTC/TRY, and USDT/TRY trading pairs are available. It is also possible to buy crypto tokens with local fiat currencies as the list includes over 35 variants.

Peculiarities of trading

Bithumb Global is one of the few crypto exchanges that allows its users to buy cryptocurrencies with fiat. Users can do this in two ways. The first one is to make a purchase via VISA, MasterCard, bank transfer, Western union, ApplePay, Google Pay, PayPal, Skrill, etc. Another way is Bithumb Block Deal, a native Bithumb’s service. It can be used both by retail clients and institutional clients and this is a collaborative project of Bithumb, Bithumb Global, and Bithumb Singapore.

Makers and takers are treated equally. They pay the same transaction fee which makes up 0,1%. The type of token does not influence this fee and no discounts are offered. There is no deposit fee. Withdrawal commission and minimum withdrawal amount depend on a definite token.

The platform offers Bithumb Global App available both for iOS and Android. It can be downloaded from the official website, though this is a test version at the time of writing.

Bithumb Global’s services

Apart from trading, Bithumb Global provides 4 additional services that set it apart from its competitors. These are BG Staking, BG Staging, BG Mining, and BG Learning.

BG Staking is a tool for those whore are keen on generating passive income. It acts similarly to the bank account, but the interest rate is much higher. The assets are frozen on the wallet provided by the platform and then they are used to support a selected project. Stakers can see the amount they lock on their wallets, but cannot use it for trading. After a definite period of time users get their reward in tokens of the selected project. BG Staking offers from 10% to 100% of prospective annual returns depending on the project. Any staking project can be divided into several seasons and each of them can offer a different level of income.

BG Staging is one of Bithumb Global’s unique features. This is an investment mechanism that stimulates the promotion of the newly-born blockchain projects. To participate in Staging, traders are to send a part of their assets to a certain account to demonstrate their interest in a definite project. These assets become frozen up to the moment of raffle ticket distribution. The raffle tickets are distributed in direct proportion to the stake amount. This is a good way to draw the crypto community’s attention to new projects and it can be considered as a viable alternative to IEOs or ICOs.

BG Mining is designed to facilitate users’ access to the top mining pools. The potential participants are to meet the following requirements for taking part in the Bithumb Global’s "Mining Coin Selection Program": recognition of the project’s code and algorithm from an authoritative third-party; no pre-mining capability; PoW, PoC, and other new consensus mechanisms support; innovative applications are the priority.

BG Learning is a service that provides users with interactive QnA events to help them to learn more about blockchain premium projects while obtaining project tokens.

Bithumb Global native tokens

Bithumb Global announced Bithumb Coin in November 2019 on its social media accounts. This is a utility token to cover the needs of the entire Bithumb Chain that is expected to be launched. But there is no information on this coin on the official website. The time and conditions of its launch are indefinite though some sources report that it has already been launched.

Smart Tokens represent another Bithumb Global’s offer. These tokens are pegged to a certain underlying asset (e.g. BTC for BTCS) but their rates go in opposite trends. This means that when BTC goes down 5%, BTCS goes up 5%. They believe that users can make a profit if they are able to predict regular tokens rates. The platform launched seven Smart Tokens: ETHS, BTCS, XRPS, BCHS, LTCS, BSVS, and COMPS. All of them are traded on the Bithumb Global and they cater only to Bithumb Global users. The Smart Token transaction fee is 0.1% and the daily management fee is 0.05%.

Bithumb Global security

Bithumb exchange has been hacked at least three times throughout its history which points to serious problems with security.

Bithumb team

There is no team members list available on the official website. Some names can be found via LinkedIn, e.g. Javier Sim is a Managing Director of Bithumb Global. He played a key role in transforming Korean Bithumb into a global business. Prior to that, he worked at HSBC and Bank of China International.