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How to buy and sell coins on Bithumb Exchange? Detailed steps

Follow this step-by-step guide to seamlessly navigate the process of buying and selling various digital assets on the renowned Bithumb Exchange.

Oct 10, 2024 at 12:18 pm

How to Buy and Sell Coins on Bithumb Exchange: A Step-by-Step Guide

Bithumb is a renowned South Korean cryptocurrency exchange that offers a user-friendly platform for buying and selling various digital assets. This guide provides detailed steps to help you navigate through the process of purchasing and liquidating coins on Bithumb Exchange.

Step 1: Create an Account

Visit the official Bithumb website and click on "Sign Up."
Fill in the required personal information (email, password, etc.) and complete the verification process.

Step 2: Fund Your Account (for Buying Coins)

Log in to your Bithumb account.
Navigate to the "Deposit" section.
Select your preferred deposit method (e.g., bank transfer, credit/debit card).
Follow the on-screen instructions to complete the deposit.

Step 3: Place a Buy Order (for Buying Coins)

Go to the "Trade" section.
Select the cryptocurrency pair you want to buy (e.g., BTC/KRW).
Determine the order type (e.g., Market Order, Limit Order).
Enter the amount of coins you want to purchase and the desired price.
Review the order details and click on "Buy."

Step 4: Wait for Order Execution

The exchange will match your buy order with available sell orders.
Once matched, your order will be executed, and the purchased coins will be deposited into your Bithumb wallet.

Step 5: Sell Your Coins

Navigate to the "Trade" section.
Select the same cryptocurrency pair you bought (e.g., BTC/KRW).
Determine the order type (e.g., Market Order, Limit Order).
Enter the amount of coins you want to sell and the desired price.
Review the order details and click on "Sell."

Step 6: Collect Proceeds (if Selling)

Similar to the buying process, the exchange will match your sell order with available buy orders.
After successful execution, the proceeds from the sale will be credited to your Bithumb balance.
You can then withdraw the proceeds to your desired bank account or wallet.

Additional Notes:

Bithumb supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Transaction fees and withdrawal limits vary depending on the cryptocurrency and the payment method.
Ensure you have completed the Know Your Customer (KYC) verification process to access all features of the exchange.
Always review the order details carefully before executing it.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

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