How to List Token or Coin on Bithumb

Bithumb is a South Korean cryptocurrency exchange that is one of the largest crypto platforms in Asia, occupying a significant share of its market. Bithumb ranks in the top 20 of CoinMarketCap’s exchange rating. More than 850,000 users visit the exchange every week, generating a daily trading volume of more than $1 billion. There are more than 400 coins traded on the exchange, and yours could be next. 

In this article, we will discuss how to list your project’s token on the Bithumb exchange, dive into the details of South Korea’s regulatory framework, and provide step-by-step instructions for listing a token on the exchange. Let’s get started!

What Is Bithumb?

Bithumb is a South Korean centralized exchange (CEX) that was launched in 2014. In terms of trading volume, the exchange is among the top 5 CEX exchanges in South Korea and serves millions of users.

Listing on Bithumb provides access to one of the most active and solvent audiences. Private investors dominate here, and the exchange is known for its strictness and high competition. 

Bithumb supports dozens of trading pairs with the Korean won (KRW) and actively implements measures to comply with FSC and KOFIU regulatory requirements. 

Thanks to its cooperation with regulatory authorities and strict policy on new listings, the exchange enjoys a high level of trust among users.

Why Choose Bithumb for Token Listing?

South Korea is one of the most regulated cryptocurrency markets in the world. All projects wishing to list their tokens undergo rigorous screening, including audits, KYC, legal checks, and financial reporting. This filter against low-quality projects serves as a mark of quality and trust, as well as confirming the legitimacy of the project.

Compared to users from other countries, South Korean users are actively involved in trading and are known for their engagement in the process. Such an audience can provide your project with high liquidity and trading volume from the first day of trading.

For beginners, the requirements for listing on Bithumb may seem like an insurmountable obstacle, but this is also an advantage. Only the highest quality and most prepared projects will be admitted to listing. Thus, by going through the listing process on Bithumb, you can significantly increase trust among your audience.

What You Need Before Listing

Before applying for listing on Bithumb, it is essential to go through a preparatory stage, during which you will need to collect all the necessary documents and data, including: 

• A whitepaper describing the detailed architecture of the project, its goals, business model, and token utility. The text should be written in clear language and answer all questions that arise during reading.
• The tokenomics should contain all the necessary components, including token distribution, vesting, token locking, and their utility. The tokenomics should be transparent and provide a detailed overview of the project’s token.
• Legal documentation, including information about the organization, its registration, and beneficiary documents.
• Completed smart contract audit. Your project must undergo a security audit by an independent and well-known auditing company, such as Certik or Hacken. 
• Prepare the technical characteristics of the token: its standard (BEP20, ERC20, etc.), smart contract address, and network.
• Write a marketing plan in advance, in which you will reflect your activity on social networks, your PR strategy, future partnerships, and work with the crypto community.
• Financial documents, including information about investments. 

Step-by-Step Token Listing Process on Bithumb

Submit token to Bithumb exchange

Once you have gathered all the necessary documents, you can proceed to start the Bithumb application process. To do this, go to the official form and start filling it out.

The form will ask you to provide key information about the project: name and ticker, link to the whitepaper, technical and legal documents, as well as information about the team and tokenomics. 

Try to provide only truthful information without embellishing it. Answer the questions in as much detail as possible to avoid any misunderstandings by the reviewer. This will save time in the review process, allowing you to list your token more quickly.

Token Review and Legal Compliance Checks

After receiving the application, the exchange team will begin reviewing all the documents provided. The process can take from a few days to several weeks, depending on the complexity of the project. 

The team will check the KYCs of key team members, analyze the corporate structure and sources of funding, verify the company’s jurisdiction, and ensure compliance with all AML requirements. If necessary, the team may request additional documents or clarify any information that has not been fully disclosed.

Technical Integration

If the verification stage is successful and the project is approved, the next step is the technical integration of the token into the exchange and verification of the smart contract. 

The exchange’s technical team will check the token format and test the smart contract for compatibility with the Bithumb infrastructure. It will configure and verify the functionality of the token deposit and withdrawal systems, and create a trading pair. On Bithumb, this is most often a pair with USDT or KRW.

The final stage is for the team to test the functionality of the trading pair and liquidity.

Launch Coordination

When everything is technically ready for launch, the exchange will propose a date and time for the listing. Bithumb will announce the listing on its website, social media, news publications, and push notifications.

You can also arrange with the team to hold a promotion or trading contest to attract more audience attention. It is also possible to organize an airdrop or AMA session with the project team.

After all conditions and marketing activities have been agreed upon, trading will start on the appointed date.

Common Mistakes to Avoid

Bithumb has a strict filter that weeds out weak projects. Even if your project looks strong, it is essential to be able to prove it and provide the proper documents. To avoid rejection and increase your chances of a successful listing approval, it is necessary to study common mistakes. The following factors can influence the rejection of an application:

• Questionable legal structure.
• Insufficiently detailed project documentation.
• Unfair or non-transparent tokenomics that leave many questions unanswered after reading.
• A weak marketing plan or its complete absence. The project must have a clear marketing strategy both before and after listing.

If you’re considering entering the South Korean market and listing on Bithumb but are concerned about making a mistake, we recommend contacting the listing agency Listing.Help for assistance. We assist projects in selecting relevant crypto exchanges, prepare them to meet the requirements, and develop a tailored marketing plan.

Thanks to our direct contact with crypto exchanges, including Bithumb, the listing process with us is on average 5 times faster than an independent listing. We also help projects get the best listing conditions and save on unnecessary expenses. With us, the chance of getting listed is several times higher than when applying independently.

If you have any questions, you can always contact us for a free consultation, and we will answer all of them.

After Listing — Maintaining Growth

Active work does not end after listing. Any exchange wants to see further development of projects, which means that in order not to lose momentum after listing:

• Publish information about updates and important news about the project.
• Add the token to CoinMarketCap and CoinGecko aggregators.
• Launch trading contests and promotional campaigns that encourage users to trade and hold long-term.
• Communicate with the community, organize giveaways, answer questions, and hold events.
• Work with a market maker  to maintain sufficient liquidity for comfortable trading.
• Form new partnerships and collaborations.

Final Thoughts

Listing on Bithumb is a serious challenge for the project team. It will require sufficient time, careful preparation, a clear understanding of the procedure, and constant communication with the exchange. However, with a successful listing, you will see a significant increase in your audience, project recognition, and trust among traders and investors.

If you want to avoid rushing the listing process and making beginner mistakes, contact Listing.Help and entrust the listing to professionals. And if you have enough strength and experience, try going through the listing process yourself. It all depends on you and your team’s expertise. Good luck!