BitGlobal is a cryptocurrency exchange established by Bithumb Korea, a major Korean exchange. Although it is a new exchange that started service in May 2019, it handles more than 150 virtual currencies and is very abundant. It used to be named Bithumb Global, but now it has been renamed to Bit Global. The transaction fees are set low so you don’t have to pay a lot of money for the fees. Although it is still an emerging exchange, it is expected to expand globally.
Company information
BitGlobal is a cryptocurrency brand operated by Bithumb. The cryptocurrency trading service will be available in 2019, and it is still an emerging company.
| Company Name | Bithumb |
| Headquarters location | Korea |
| Business start date | 2019 |
| Capital | Unpublished |
| number of employees | Unpublished |
License
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is BitGlobal licensed? BitGlobal unfortunately has not yet obtained a financial license.
Email support
If you have any trouble, you can usually contact us by live chat or email, but the response is very fast. BitGlobal does not provide telephone support.
| Inquiry method | Contents |
| BitGlobal accepts 24 hours a day, 365 days a year on the official page, so you can send without worrying about the time. In most cases, you will receive a reply within a day. | |
| Live chat | BitGlobal is accepted during business hours on the official page. Use it if you want an immediate answer. |
Supported language
The following languages are supported (on the official page). We can support you in so many languages.
- English
- Korean
- Chinese
- Japanese
- Russian
- Spanish
- Turkish
Withdrawal method
Select “Assets” and “Withdrawals” on the home screen. Since the screen changes, select the brand, enter the address of the withdrawal destination, and enter the quantity. Enter your funding password and Google Authenticator and click “OK” to complete the withdrawal. Please make sure that the withdrawal address is correct. If you make a mistake, you will fail. Please refer to the following as there is a withdrawal fee. You can also check it from the BitGlobal official website.
| currency | Withdrawal fee |
| BTC | 0.001BTC |
| ETH | 0.01ETH |
| ETC | 0.01ETC |
| XRP | 1XRP |
| BCH | 0.001BCH |
| XEM | 4XEM |
Payment method
Select “Assets” and “Deposits” on the home screen. When the screen appears, select “Encryption currency” and select the brand. When you select it, the deposit address and QR code will be displayed, so enter it in the remittance source and remit. Please refer to the following as there is a deposit fee. You can also check it from the BitGlobal official website.
| currency | Commission |
| BTC | 0.001BTC |
| DASH | 0.01DASH |
| LTC | 0.01LTC |
| BCH | 0.001BCH |
| ZEC | 0.001BTG |
| BTG | 0.001BTG |
Account opening
Only one of the following items is required to open a BitGlobal account.
- email address
Access the official website, enter your e-mail address, password of your choice, press Send after entering your e-mail address, and enter the verification code you received in the e-mail. After entering all the information, click the “Create Account” button, and if a completion email is sent to the registered email address, the exchange registration is complete.
Two-step verification can also be set. You can authenticate with Google. Please register the QR code with Google Authenticator. Enter the verification code that appears in the app. That’s it.
Transaction system
The following transactions are possible.
- In-kind trading
- Leverage trading
Transaction fees
The transaction fee for virtual currencies is uniformly 0.15%, which is cheaper than other exchanges.
| Exchange | Maker | Taker |
| BitGlobal | 0.1% | 0.1% |
| CoinEx | 0.1% | 0.1% |
| Poloniex | 0.1% | 0.2~0.1% |
| BINANCE | 0.1% | 0.1% |
| BITTREX | 0.25% | 0.25% |
| BitMEX | -0.025% | 0.075% |
| Huobi | 0.02% | 0.03% |
| Bitfinex | 0.1%~ | 0.2% ~ |
| KuCoin | 0.1% | 0.1% |
| coinbase | Free | 0.3~0.1% |
| Kraken | 0.16%~ | 0.26%~ |
Currency pair
BitGlobal handles 104 currencies. The following is an example, but you can trade many other coins. Please check the official page as the coins handled may change each time.
| Brands handled |
| BTC |
| BCH |
| ETH |
| ETC |
| LTC |
| XEM |
| QTUM |
| XRP |
Scalping trade
Scalping trades are allowed in BitGlobal. However, please be careful. Unlike foreign exchange, the price range of virtual currencies is very volatile. If you go the other way, be sure to decide the withdrawal point. If you go the other way, you may lose all your money.
Automatic trading is at your own risk
Recently, some people are selling automatic trading systems that support BitGlobal. However, automated trading carries great risks. When a one-sided trend appears, the unrealized loss becomes large and all the principal is often skipped. Furthermore, in the case of virtual currencies, trends are more likely to occur than foreign exchange, and price range fluctuations are more likely to occur. You may lose all your money in one trade, so please understand before deciding whether or not to do it. Discretionary trading is recommended.
Low risk, low return for beginners
Beginners should not be familiar with cryptocurrency FX yet, so let’s start with low risk and low return.
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about BitGlobal, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
| Case study | Contents |
| Withdrawal information error | You cannot withdraw if the withdrawal destination is incorrect. |
| Under maintenance | Withdrawals may be delayed during system maintenance. |
Full support
BitGlobal also has solid live chat and email support. Therefore, you can use it with confidence.
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