Virtual asset exchange Bithumb has changed its won deposit and withdrawal bank to KB Kookmin Bank starting from the 24th of this month. Users can use won deposit and withdrawal services through KB Kookmin Bank accounts.

From this day, registering a KB Kookmin Bank deposit and withdrawal account is mandatory to trade virtual assets with won on Bithumb. Existing won deposit and withdrawal and won market transactions using NH Nonghyup Bank accounts will be restricted. Only users who have registered KB Kookmin Bank accounts can conduct normal transactions.

Existing users who have not registered KB Kookmin Bank accounts will be restricted from △won (KRW) deposit and withdrawal △won market transactions △use of some products and services. If they do not wish to change accounts, they can receive a same-day refund of their won assets to the requested bank account if customer verification (KYC) is completed.

When opening a new account, users should be aware of the financial institution's short-term multiple account opening restriction policy. If there is a history of account opening at other financial institutions within the past 20 days (excluding weekends and holidays, based on business days) from the new account opening application date, KB Kookmin Bank account opening may be restricted for a certain period.

Bithumb CEO Lee Jae-won stated, "Through cooperation with KB Kookmin Bank, we plan to create a high-reliability trading environment" and "We will continue to do our best to provide Bithumb users with safer and more convenient services."

Meanwhile, to enhance user convenience in line with the change of won deposit and withdrawal bank to KB Kookmin Bank, Bithumb has prepared a dedicated counter for KB Kookmin Bank account opening at Bithumb Lounge Gangnam branch and will support account opening.