Bithumb and Binance are two of the top cryptocurrency exchanges in terms of trading volume. 

Both exchanges made their name in the industry and are still rock solid. 

However, as a trader, if you want to draw out a Bithumb vs Binance comparison, you would find many similarities and differences.

That’s why to help you, I have drawn out a comparison between both exchanges at several points. 

So as a crypto investor or trader, you can choose the suitable exchange based on your requirements.

At A Glance


Bithumb is one of the top South Korean cryptocurrency exchanges out there, which has been in operation since 2014.

The exchange mostly caters to users from Korea, and it offers crypto trading pairs with the South Korean Won or KRW.

The exchange has a large number of supported coins and has been ranked as one of the top exchanges in the world in terms of Bitcoin trading.



Binance, on the other side, is a global day trading cryptocurrency exchange that is available in a wide range of regions. Also, it is known as the largest cryptocurrency exchange, which has been operating since 2017.

Binance is known for its competitive trading fees and availability of a wide range of crypto pairs across different markets.

Plus, it also offers you other crypto-related services such as crypto loans, DeFi staking, and more.

Bithumb vs Binance: Types Of Trading Markets

When it comes to types of market availability, Bithumb isn’t really impressive, as it only supports spot trading.

However, it supports crypto lending for the spot market, so you can borrow funds to expand your order size and book significant profit.

On the other side, Binance is a much better option that not only has spot trading. But you also get margin trading, derivatives trading under USD-M and COIN-M contracts, and crypto options.

For margin trading, you will get 3x leverage for cross and 10x leverage for isolated trading pairs on Binance.

So if you are looking for an exchange as a trader, Binance would be a much better option compared to Bithumb.

Winner: Binance

Bithumb vs Binance: Types of Orders

When it comes to types of orders, both exchanges have similar offerings. Talking about Bitthumb, it offers you three main types of orders: Limit, Market Price, and Stop Limit.

The limit order allows you to place a trade at your desired price, and the market price executes your order right away at the market price.

Finally, the stop limit order is a combination of an order where you place a stop loss and a limit price at which you want your trade to be executed.

Binance Futures offers you more order types. You get the same Limit, Market Price, and Stop limit order types. But it has two additional order types: Trailing Stop and OCO.

A trailing stop limit order is similar to a stop limit order.

But its trigger price will be your position when the market moves favourably and close the position if the market moves against you.

The key in trailing stop orders is to set a value percentage away from the market price.

The OCO order stands for One cancels the other. It combines a limit order with a stop limit order and allows you to create an automated trade.

So the winner would be Binance. As it offers you more order types that can be beneficial to book higher profits, minimizing risks and automating your trades.

Winner: Binance

Bithumb vs Binance: Supported Cryptocurrencies

If you choose an exchange as a crypto investor, you would want an exchange where you can find the most number of tokens. So you can invest in new and potential tokens for future gains.

If we talk about Bithumb, about 300 trading pairs are available on the exchange, and 194 coins are listed. So the chance of finding new and unique coins is pretty low.

But you have access to all the major crypto tokens on Bithumb, such as BTC, XRP, ETH, VELO, SOL, and many more. Also, on Bithumb, you can trade using KWR or BTC as the base currency.

Coming to Binance has more than 500 cryptocurrencies listed. Also, new tokens keep getting added to the exchange.

You will find both major cryptocurrencies and altcoins. Some of the available tokens are BTC, BNB, MATC, DOGE, USDT, and many more.

So the winner, in this case, would be Binance as it has more supported cryptocurrencies than Bithumb.

Winner: Binance

Bithumb vs Binance: Trading Fees

Trading fee is a key factor when it comes to choosing cryptocurrency exchanges.

Traders want to save as much as possible on trading fees to maximize their profits. When it comes to trading fees, both exchanges’ trading fees are pretty competitive.

Spot Market Trading Fee

Bithumb has standard rates for both KRW and BTC markets, starting with the spot market trading fee. The fee stands at 0.04% and 0.25% as the maker and taker fees.

trading fee bithumb

However, you may enjoy additional coupons on your trading fee. For instance, high-frequency traders may enjoy between 0.04% to 0.045% discount on trading fees.

On the other hand, Binance has a tiered fee structure. This means you have different levels based on your 30 days trading volume.

Regular users with a trading volume of less than 1,000,000 BTC will get charged 0.1000% as the maker and taker fees.

binance Spot Market Trading Fee

But it does offer you a 25% discount when you use BNB (Binance’s native token) to pay for the trading fee. So the discounted trading fee will be 0.0750% as maker and taker fees.

Additionally, if you increase your 30 days trading volume, you will get to avail heavy discounts on your trading fees.

Futures Trading Fee

Since Bithumb doesn’t offer derivatives trading, so this section doesn’t apply to the exchange. 

But talking about Binance futures trading, it also follows a similar fee structure for both the USD-M and COIN-M future contracts.

The regular users will be charged a maker and taker fee of 0.0200% and 0.0400%, respectively. 

Plus, for futures trading, Binance offers a 10% discount. So the discounted fees would be 0.0180% as the maker and 0.0360% as the taker fee for USDT trades.

binance futures trading fee

Deposit & Withdrawal Fees

On both exchanges, deposits are free. 

However, on Bithumb, users will incur a fee for certain digital assets for depositing below the minimum amount. 

For instance, BTC deposits have a minimum unit requirement of 0.005. If you deposit less than this, it will incur deposit charges.

Additionally, Bithumb also charges you withdrawal fees. But the fee varies for each digital asset.

On the other side, there are no deposit charges on Binance. 

But depositing FIAT currencies will incur a transaction fee depending on your selection of payment method.

Also, it does charge you withdrawal fees for withdrawing FIAT. But the withdrawal fee depends on the respective currency. For certain currencies, there are no charges.

However, on Binance, you can bypass deposit and withdrawal fees using P2P. P2P allows you to buy and sell cryptocurrencies in your local currency and locally available payment methods.

Overall, if we talk about a winner, it is again Binance. 

The exchange has a simpler fee structure which is easy to understand. Plus, the regular trading fee for the spot market is lesser than Bithumb.

Winner: Binance

Bithumb vs Binance:  KYC Requirements

When it comes to KYC requirements, both exchanges have made it mandatory. 

However, on Bithumb, you have different levels of KYC that come with limitations.

But on Binance, it is mandatory to complete KYC. Without completing user verification, you are not allowed to use the exchange.

KYC Limitations

On Bithumb, you have a different level of verification. Under Level 1, you can deposit funds without any limitations. 

However, you must meet the level 2 verification methods to use the withdrawal service. 

So even if it has different levels of KYC, you need to complete all of them to enjoy a seamless deposit and withdrawal service.

Winner: Tie

Bithumb vs Binance: Availability Across Globe

When it comes to being available in most regions, Binance is a better choice. Bithumb only operates in South Korea.

Also, their sign-up method is a bit complicated, which requires you to have a local phone number. So if you are not a Korean citizen, you cannot use the exchange.

On the other side, Binance has a much better global presence. It is available in 100+ countries. Plus, the signup method on the exchange is pretty straightforward.

However, Binance isn’t available in South Korea. So if you are a South Korean citizen, Bithumb will be your go-to exchange.

Winner: Binance

Bithumb vs Binance: Trading & Platform Experience

Both crypto exchanges offer a seamless trading experience. You will find similar order types, trading pairs, mobile apps, and more.

If I talk about Bithumb, it has a rock-solid trading pair with deep liquidity for Bitcoin trading pairs. So executing your orders at your desired price won’t be trouble.

bithumb trading

On the other hand, Binance has a much better experience to offer. It can handle up to 1.4 million transactions per second. Plus, being the largest crypto exchange, it also offers you deep liquidity.

start trading on binance futures

The best part of Binance is its mobile app which has two different interfaces – Binance Lite and Binance Pro. So you can choose the right interface from an investor’s and a trader’s point of view. You can learn more about the exchange, by checking this Binance day trading guide. 

Winner: Binance

Bithumb vs Binance: Customer Support

Finally, talking about the customer support Bithumb isn’t really impressive. 

There is no live chat option on the website. But you have a knowledge centre where you can find answers to your most common problems.

The only way to reach their customer support is via their email. They don’t have any phone support or offer support through social media channels like Twitter.

On the other side, Binance does an impressive job when it comes to offering support. You can get help through their live chat portal, which will offer you help guides or connect you with a support agent.

Plus, Binance offers you support through social media channels like Twitter. You can reach out to them at @BinanceHelpDesk to find quick help.

Winner: Binance

How To Open A Bithumb Account?

  • First, go to and click on the Sign-up button.
  • Next, use a Korean phone number to sign up, following all the onscreen steps.
  • After that, complete your KYC verification, and you are all set to trade.

How To Open A Binance Account?

  • First, go to and click on the Register button.
  • Next, fill in all your details and follow the onscreen steps to create your account.
  • After that, complete your verification following all the onscreen steps, and you are good to go.


Between Bithumb and Binance, Binance is the best crypto leverage trading platform

The exchange is available globally, with a higher number of trading pairs and different market types available. As a result, you get more options to trade. Also, they have cheaper trading fees compared to most exchanges.

But Bithumb is also not a loser.

The exchange is a great option if you are from Korea, as it offers you deep liquidity and an enhanced spot trading experience.

Check out how Bithumb & Binance compares to other exchanges:

Nayan Roy
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