Bithumb Singapore
Exchange Fees
Deposit Methods
Cryptos (31)
UPDATE 18 September 2024: Bithumb Singapore, a South Korean centralized exchange, ceased its operations in March 2022. Originally, Bithumb operated through two distinct exchanges: Bithumb Global, which catered to international traders, and Bithumb Singapore, which served South Korean traders.
With Bithumb Singapore no longer in operation, there are no available trading pairs on this platform, and its trade volume is effectively zero.
Accordingly, we believe that this exchange has closed down and we have marked it as "dead" in our Exchange Graveyard. If the exchange's website would become accessible again and the error is just temporary, we will "revive" it and bring it back to our Exchange List.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
Bithumb Singapore Review
What is Bithumb Singapore?
Bithumb Singapore is an exchange registered in Singapore (surprise surprise). The acquisition of Bitholic, and renaming it to Bithumb Singapore, was allegedly a way for the major South Korean exchange Bithumb to debut in Singapore.
US-investors
As many other exchanges, Bithumb Singapore does not accept US-investors on its platform. If you’re from the US and you’re looking for the trading platform that is just right for you, don’t worry. Use our Exchange Finder to find an appropriate exchange accepting US-investors.
Bithumb Singapore Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. This is the trading view at Bithumb Singapore:
Bithumb Singapore Fees
Bithumb Singapore Trading fees
Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Each party to a transaction pay the same fee: 0.05% of the order value.
0.05% is substantially below the industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead. According to the largest empirical study ever made on the subject, the industry average taker fees are 0.213% and the industry average maker fees are 0.16%. Regardless of which averages you compare against (historical, emerging or verified according to the study), Bithumb Singapore's trading fees are way below average.
Bithumb Singapore Withdrawal fees
Bithumb Singapore charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is a bit above the industry average, as the industry average is 0.00059 BTC per BTC-withdrawal according to this report. These fees are however "adjusted according to blockchain conditions".
All in all, the fees at Bithumb Singapore are competitive.
Deposit Methods
This exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then – as a second step – deposit them here. Don’t worry though, you can find a so called “entry-level exchange” simply by using our Exchange Finder tool.