Following Upbit, Bithumb Also Changes Withdrawal Method for Crypto Assets Under 1 Million KRW
YM Lee
Summary
- Bithumb announced changes to its withdrawal method for crypto assets under 1 million KRW.
- The changes will take effect from April 1, 2025, aiming to strengthen anti-money laundering measures and protect users.
- Users must go through wallet address registration and Bithumb verification process before withdrawal.
Bithumb, a domestic cryptocurrency exchange, announced changes to its withdrawal method for crypto assets worth less than 1 million KRW.
On the 14th, Bithumb announced through its official channel that "to strengthen anti-money laundering measures and protect users, the withdrawal method for crypto assets under 1 million KRW will change from April 1, 2025."
Starting April 1, users must register their wallet addresses before requesting withdrawals to exchanges other than specified exchanges and personal wallets. Withdrawals of crypto assets under 1 million KRW will be possible after Bithumb's verification.
YM Lee
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