Buy Bitcoin and trade Crypto Currencies in South Korea with these Exchanges:

On this page you can find the best bitcoin and crypto exchanges for users in South Korea.

Compare your Top 3 Bitcoin Exchanges
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Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
Great for EUR/USD
90 90
Pro
  • Has not been hacked
  • Good payment methods
  • Exchange interface is awesome to use
Contra
  • No trading platform
  • Not regulated
  • Fees are not listed
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
1.29%-1.49%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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100x Leverage, No KYC
92 92
Pro
  • 2FA ensures security
  • 100x leverage available in 5 cryptocurrency
  • no KYC required
Contra
  • no fiat deposits available
  • no trading API, mobile app or PC program to do trading outside of the site
  • not widely known yet
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.01%-0.05%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 100x
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Supports Credit Cards
80 80
Pro
  • High trading volume
  • Wire Transfer & Credit Cards
Contra
  • Premium on prices
  • Many bad reviews
  • Slow Withdrawals
Has been hacked? Yes, hacked in 2013 Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.16%-0.25%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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High Leverage!
90 90
Pro
  • Available futures and derivates trading
  • High leverage
  • Many advanced features
  • Good liquidity
Contra
  • Not for beginners
  • High Withdrawal Fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.05%-0.25%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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82 82
Pro
  • low fees
  • futures trading options
  • leverage up to 100x
Contra
  • Lack of real user experience online
  • No social media activity
  • Users from the US are excluded
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.02%-0.07%
Security Good Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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86 86
Pro
  • no trading commissions
  • rewards system after open trades
  • offers to trade forex and gold too beyond crypto
Contra
  • no real online presence of the company
  • US users are not accepted
  • only email contact is provided
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 50x
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Trade with FIAT
82 82
Pro
  • Professionally made website
  • Educational Materials (videos)
  • Easy verification process
  • Copy trading
Contra
  • Does not accept Bitcoin deposits/withdrawals
  • 75% of retail CFD accounts lose money
  • Limited cryptocurrency listings
  • No live chat
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
Yes
Trading Fees:
0.75%
Security Good Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 30x
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Great for AUS & NZ
80 80
Pro
  • Simple & easy to use
  • Fast transactions
  • Responsive customer care
Contra
  • US Users not supported
  • No 2-factor authentication
  • Limited fiat & coin portfolios
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
High (2-4%)
Trading Fees:
0.00%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? No
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72 72
Pro
  • high amount of leverage up 100x in bitcoin
  • easy to understand trading interface
  • low fees
Contra
  • new company, with no established online presence
  • no fiat trading option
  • no advanced order types
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.001 BTC
Trading Fees:
0.075%
Security Average Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 100x
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90 90
Pro
  • - many coins and payment method supported
  • - fee sharing model
  • - transparency about company background
Contra
  • - reliability of service is depending on the sellers on the platform
  • - too many options to choose from can paralyze users
  • - high crypto prices
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.70%-1.00%
Security Medium Trading
Futures? No
Derivatives? No
Margin Trading? No
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Great for EU & UK
94 94
Pro
  • Supports EUR and GBP!
  • Very low Fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Customer support lacks phone
  • Website is not for beginners
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
Trading Fees:
0.05%
Security Excellent Trading
Futures? None
Derivatives? No
Margin Trading? No
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72 72
Pro
  • 140+ currencies available
  • Accepts Credit Cards
  • 2FA Security
  • No verification for crypto to crypto
Contra
  • High transaction fee of 0.5%
  • Negative comments from the community
  • Still a lot to prove (a fairly new company)
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.50%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy account creation
  • Futures and Options available
  • Phone support
Contra
  • Beta phase
  • Platform design needs to be “optimized”
  • Does not support any Fiat deposit/withdrawals
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
-0.02%-0.03%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 10x
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80 80
Pro
  • Easy to use website
  • Great features
Contra
  • Verification process is long
  • Focused on Argentinean market
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
$20
Trading Fees:
0.50%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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Fast Support!
78 78
Pro
  • Competitive fees
  • Good security
  • Accepts many different FIAT currencies
Contra
  • Website could use some improvements
  • Doesn't keep the pace with competition
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes, 1% + 5 USD
Trading Fees:
0.00%-0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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82 82
Pro
  • low commissions
  • No KYC needed for crypto only deposits / withdrawals
  • good resources on trading and cryptocurrency
  • UK phone hotline
Contra
  • no information on the company background
  • US users are restricted
  • only cryptocurrency deposits are accepted
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? up to 50x
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82 82
Pro
  • Low fees
  • A wide variety of payment methods and currencies accepted, at least in theory
  • Easy to join and get going
Contra
  • Mixed reviews
  • Slow customer support
  • High commissions charged (by the seller) for buying Bitcoin with uncommon methods or in non-mainstream currencies
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Good reputation
  • High volume and liquidity
  • Connections in the industry grant it additional legitimacy
  • Easy to use and quick
Contra
  • Supports only BTC/FIAT trades
  • More negative comments in the recent past
  • Slightly higher fees if you are trading lower volumes
Has been hacked? Yes, in January 2015 Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.25%-0.10%
Security Very Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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Good Volume
70 70
Pro
  • Demo Mode
  • High trading volume
Contra
  • Hard Verification
  • Many user complaints
  • Fees are high
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Trading Fees:
0.10%-0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 3x
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High Volume
76 76
Pro
  • High USD liquidity
  • Low fees
  • Full package of order types, margin trading and lending market
  • Hack has been solved professionally and innovative
Contra
  • Not a transparent company
  • Reputation loss due to hack
  • Unclear situation with USDT (Tether)
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No, except wire transfers
Trading Fees:
0.10%-0.20%
Security Ok Trading
Futures? No
Derivatives? No
Margin Trading? up to 3.33x
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Many Altcoins
72 72
Pro
  • Support for numerous altcoins
  • Fast deposits and withdrawals
  • Competitive fees
Contra
  • Weak liquidity for some of the coins
  • No mobile apps
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.02%-0.18%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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Lots of Altcoins
80 80
Pro
  • User-friendly Interface
  • Security -Yobi codes (deposit codes)
  • Free Coins
Contra
  • Many Negative reviews
  • Very high withdrawal fees ( > 0.001 BTC)
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.2%
Security Excellent Trading
Futures?
Derivatives? No
Margin Trading? No
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Easy & Private
64 64
Pro
  • Private and fast
  • Easy to Use
Contra
  • Need to keep an eye for scams
  • Not suitable for large buyers
  • Now ID verification is required
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Verified merchants offer platform users services
  • Fast turnaround of deposits and withdrawals
  • High flexibility
  • Fully escrowed delivery
Contra
  • No mobile app
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.1% USD, 5 USDT, 0.0005 BTC
Trading Fees:
0.008%-0.150%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? up to 100x
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Many Problems
80 80
Pro
  • Low fees
  • Excellent liquidity in EUR markets
  • Margin trading supported
Contra
  • Weak support for mobile platforms
  • No "advanced" orders (stoploss etc.)
  • Often has uptime problems when market gets hot
  • Volume lags a bit in BTC/USD
Has been hacked? No Fees
Deposit Fees:
Yes, in some cases
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.26%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 5x
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Best Support
60 60
Pro
  • Superb liquidity, often the best in the world
  • Many advanced trading options
  • Low fees
Contra
  • Sometimes foreign traders have problems with verification
  • Chinese Exchange (PBoC)
Has been hacked? No Fees
Deposit Fees:
In most cases no
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 3x
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66 66
Pro
  • Federally regulated
  • Available in all 50 states of USA
  • Good liquidity and competitive fees
  • Keeps BTC in cold storage, backed by audited reserve minimum
Contra
  • No mobile apps
  • No margin trading and short selling
  • No ACH transfers
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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70 70
Pro
  • Good selection of crypto/KRW pairs
  • Reasonable fees
Contra
  • Account levels (different levels needed for Fiat access)
  • Account creation problems for people outside South Korea
  • Caters to South Korean market
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
KRW 1,000
Trading Fees:
0.08% up to 0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Margin trading available
  • Accepts Fiat and Crypto deposits
  • Easy to understand trading platform
Contra
  • Exclusive for South Korean traders
  • Crazy account tiers
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
N/A
Trading Fees:
N/A
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 100x
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70 70
Pro
  • okBitcard
  • Wallet service
Contra
  • Focused on the South Korean audience
  • FAQ needs more answers
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
$2.99 up to $3.99
Trading Fees:
N/A
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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Best Bitcoin Exchange for South Korea

A whole generation fell into crypto fever and lost everything. South Korea is the third largest market for crypto currencies after the USA and Japan. In this East Asian country an entire generation of young people with hopeless social and economic prospects, the so-called “dirt spoons”, are dreaming of great crypto wealth. For most, however, the dream ended in a nightmare. One of these “dirt spoons” is Kim Ki-won.

The 27-year-old now told his story to the New York Times: during the crypto boom of 2017, he was virtually swimming in money. But then came the big crypto crash of 2018 and he lost almost everything. “I don’t think it’s fair that people call it crypto currencies gambling. But it actually has elements of it here and there,” says Kim Ki-won. For him, crypto currencies seemed to be a good way to break out of South Korea’s existing rigid social and economic order and get rich. Like Kim Ki-won, the 23-year-old Kim Han-gyeol, who makes her living with her parents by doing odd jobs at Dunkin Donuts or as a part-time software developer, also had a similar experience.

She explained: “In South Korea, there are no real opportunities for the average young person. With crypto currencies she believed that she could quickly become really rich. At first, Kim Han-gyeol’s dream of great crypto wealth seemed to work. By clever investments in crypto currencies she earned a small fortune. She bought beautiful and expensive clothes for herself and her mother and dreamed of opening a café. With the bursting of the crypto bubble in 2018, however, this dream came to an abrupt end. “When I lost a lot of money on my Bitcoin investments, I was ashamed.

Because of my greed to get rich quickly, I lost almost everything twice,” says Kim Han-gyeol. Nevertheless, she continues to invest in crypto currencies and has no other choice: “There is no other way to recoup my losses,” she told journalists. Young people don’t have it easy in South Korea, because youth unemployment has remained unchanged at around 10.5 percent for five years, although total unemployment is only 3.4 percent. To be successful as a young person in South Korea, you have to get either a government position or a job in one of the large corporate conglomerates such as Samsung.

However, this requires a university degree from one of the few elite universities and good relationships. If you can’t show that, you’ll fall by the wayside. Many young people are therefore disillusioned and have given up. This feeling of hopelessness has been exacerbated by a series of political scandals that have revealed nepotism between politicians and South Korean corporate conglomerates. When crypto currency then appeared, this triggered a discussion in society as a whole.

Not only in online forums, but also in the salons of intellectuals, the question was discussed whether this new monetary system could undermine the rigid social order of South Korea. One who succeeded in social advancement thanks to crypto currencies is 29-year-old Remy Kim. He explained: “I am the youngest person in Korea with a Rolls-Royce. And continues: “Cryptos have played an important role in shifting wealth from one group in society to another. Cryptos have greatly influenced Korean society”.

South Korea: second largest city plans own crypto currency

The South Korean Busan announced the development of a local crypto currency. The city is thus pursuing an ambitious goal. The South Korean government is planning to set up special blockchain special zones.

The South Korean government is taking an offensive line on crypto issues. Restrictive regulations are intended to curb potential risks, while investments are being made to consistently expand the blockchain industry. South Korea also plans to set up special zones. These are to be exempted from the usual blockchain regulations. In the race for the allocation of zones, the city of Busan is considered one of the favourites. In order to substantiate its own claim, South Korea’s second largest city is now planning the development of a local crypto currency.

According to ETnews, the South Korean tech site, Busan is cooperating with the local Busan Bank. The currency is intended to be a stable coin. The wallet will therefore be linked in a 1:1 ratio to an account at Busan Bank. The coin is just one of many projects through which the metropolis is struggling to win the favor of the South Korean government. The planned currency also promises to boost the urban economy.

South Korean government plans to invest in Busan

Already in April Busan was declared one of the preferred candidates for South Korea’s planned special zone. Busan thus committed itself to promoting the blockchain industry in various areas. The city should also provide the conditions for ICOs. The special zones thus appear to be exempt from the South Korean ICO ban.

The final decision on zone allocation will be taken in July. It will be decided by the South Korean Ministry of Small and Medium Enterprises and Start-ups. The Ministry promised the city generous aid payments: The government will provide extensive support if Busan develops its own blockchain-based currency structure or token economy.

Seoul also relies on Blockchain

Meanwhile, South Korea’s capital is also pushing ahead with the adaptation of blockchain technology. Seoul’s mayor Park Won-soon invested the equivalent of 94.5 million euros in this project. He wants to expand the city into a blockchain-based smart city. The city administration developed its own blockchain city map. Some of this has already been implemented. South Korea’s capital thus has a blockchain-based digital voting system.

However, the plans are even more ambitious. Won-soon wants to have 50,000 sensors distributed in the city. These sensors will collect data about the city and its inhabitants. The data will then be used to develop innovative services.

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