Bithumb
Bittrex
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Overview
Bithumb was founded in 2009 and is headquartered in Hong Kong, while Bittrex was established in 2010 and is based in South Korea. Bithumb holds licences including Unregulated, while Bittrex is regulated by Securities and Exchange Commission (SEC) among others. Bithumb serves 10,000+ clients worldwide; Bittrex has 10,000+. The minimum deposit is $500 at Bithumb and $100 at Bittrex.
| Feature | Bithumb | Bittrex |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Unregulated | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2009 | 2010 |
| Country | Hong Kong | South Korea |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bithumb and Bittrex, directly affecting your bottom line as a trader. Bittrex has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Bithumb). Neither broker charges withdrawal fees. Bittrex charges deposit fees; Bithumb does not. Overall, Bittrex scores higher on fees in our assessment.
| Feature | Bithumb | Bittrex |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Bithumb offers MT4, MT5, cTrader, while Bittrex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bithumb supports social and copy trading features, which Bittrex does not offer. The two brokers are closely matched on platform offering.
| Feature | Bithumb | Bittrex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | iPhone/iPad,iOS,Mac | MetaTrader 4, cTrader Platform |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bithumb and Bittrex compare. Bittrex runs regular live webinars; Bithumb does not. Bittrex has a video library; Bithumb does not. Bittrex publishes daily market commentary; Bithumb does not. Bittrex integrates third-party research tools (Trading Central, Autochartist); Bithumb does not. Bittrex maintains an archive of past webinars for on-demand viewing. Bittrex scores higher overall in education and research.
| Feature | Bithumb | Bittrex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bithumb accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Bittrex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bithumb | Bittrex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Bithumb and Bittrex offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Bithumb | Bittrex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |