Bitcoin Forum

Economy => Exchanges => Topic started by: mngweaze on October 19, 2018, 07:34:02 AM



Title: A question about Bithumb's new promotion
Post by: mngweaze on October 19, 2018, 07:34:02 AM
Thinking about trying them out. $20k worth of transaction = 20k bithumb cash, I assume its in korean won right?


Title: Re: A question about Bithumb's new promotion
Post by: coinbitbit on October 21, 2018, 03:06:35 PM
Yeah so its around $17.5K (todays exchange rate). Bithumb cash is basically their in-site currency that is used to buy cryptocurrency and coupons.


Title: Re: A question about Bithumb's new promotion
Post by: sydcoin on October 22, 2018, 02:08:59 AM
What are the coupons for?


Title: Re: A question about Bithumb's new promotion
Post by: coinbitbit on October 22, 2018, 02:11:53 AM
You can buy them for when you make large transactions so you get a discount on commission fee.


Title: Re: A question about Bithumb's new promotion
Post by: buwaytress on October 22, 2018, 06:28:52 PM
Been quite a few articles written about these sort of promotions. Mainly to do with wash trading to take advantage of these promotions. Apparently, they don't even mind if you're deliberately doing wash trading, since the inflated volumes help them gain ranks on charts. Higher the ranks, more prominence, more likely to pull new clients.

Say what you want, but they do seem to be making the desired waves.