Bithumb announced on the 24th that it has changed its Korean Won deposit and withdrawal bank to KB Kookmin Bank. Accordingly, users can use the Korean Won deposit and withdrawal services more safely and conveniently through KB Kookmin Bank accounts.
From this day forward, registering a KB Kookmin Bank deposit and withdrawal account is mandatory to trade virtual assets in Korean Won on Bithumb. Korean Won deposit and withdrawal and Korean Won market trading using the existing NH Nonghyup Bank account will be restricted. Normal trading is only possible for users who have registered a KB Kookmin Bank account.
Existing users who have not registered a KB Kookmin Bank account will face restrictions on ▲Korean Won (KRW) deposits and withdrawals ▲Korean Won market trading ▲use of certain products and services. If users do not wish to change their account, and if customer verification (KYC) is completed, they can receive a same-day refund of their Korean Won assets to the bank account they applied for.
When opening a new account, users should be aware of the financial institution’s policy limiting multiple account openings within a short period. If there is a history of opening an account at another financial institution within the past 20 business days (excluding weekends and holidays) from the date of the new account application, opening a new KB Kookmin Bank account may be restricted for a certain period.
Jaewon Lee, CEO of Bithumb, said, "Through cooperation with KB Kookmin Bank, we plan to create a more trustworthy trading environment," and added, "We will continue to do our best to provide safer and more convenient services to Bithumb users."
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