Exchanges

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How to trade on Bithumb Exchange? Graphic trading process

To trade on Bithumb, create an account, fund it, find a trading pair, create an order, wait for execution and settlement, and store or withdraw your funds.

Oct 01, 2024 at 08:00 pm

How to Trade on Bithumb Exchange: A Step-by-Step Guide

Bithumb is one of the largest cryptocurrency exchanges in South Korea, known for its diverse coin offerings and high trading volume. If you're looking to trade on Bithumb, here's a comprehensive guide to help you get started:

1. Create an Account

Visit the Bithumb website and click "Join"
Enter your email address, create a password, and verify your email
Provide your personal information, including your name and address
Complete the 2-Factor Authentication (2FA) setup

2. Fund Your Account

Login to your Bithumb account
Click "Deposit"
Select the desired cryptocurrency you wish to deposit
Generate a deposit address and send your coins from your external wallet

3. Find a Trading Pair

Click on the "Market" tab on the homepage
Locate the desired trading pair (e.g., BTC/KRW)
Select the pair by clicking on its name

4. Create an Order

Choose the "Limit" or "Market" order type
Enter the desired price or market rate
Specify the amount of crypto you wish to buy or sell
Click "Buy" or "Sell"

5. Execution and Settlement

Your order will be placed into the order book
When the market price reaches your specified price (for Limit orders), your order will be executed
The transaction will be settled once the blockchain confirms the transfer

6. Storage and Withdraw

Once your trade is completed, your funds will be stored in your Bithumb exchange wallet
If desired, you can withdraw your funds to an external wallet by clicking "Withdraw"

Tips for Trading on Bithumb

Set stop-loss orders to manage risk and limit potential losses
Use limit orders to buy or sell cryptocurrencies at a specific price
Monitor market fluctuations and trends to make informed trading decisions
Store your cryptocurrencies in a secure hardware wallet or other offline storage solution
Seek professional guidance if needed, especially if you're a beginner

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！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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