How to Buy Bitcoin and Crypto in South Korea
What we Found
Now buying, selling, and trading Bitcoin and Cryptocurrency is easier than ever.
Bitcoin and other cryptocurrencies have become popular in South Korea, and there are various exchanges where individuals can buy and trade cryptocurrencies. Here’s a brief guide on how to buy Bitcoin and crypto in South Korea:
Choose a cryptocurrency exchange: There are several exchanges operating in South Korea, such as Bithumb, Upbit, Coinone, and Korbit. Research and compare the fees, features, and security measures offered by each exchange before choosing one.
Create an account: Once you’ve chosen an exchange, sign up for an account by providing your personal information and completing the necessary verification steps. This usually involves uploading identification documents and verifying your identity through a video call.
Fund your account: You can fund your account by depositing Korean won (KRW) through bank transfer or credit card. Each exchange may have different deposit options, so make sure to check the available methods and fees.
Buy Bitcoin or other cryptocurrencies: After funding your account, you can now buy Bitcoin or other cryptocurrencies on the exchange. Select the cryptocurrency you want to buy, enter the amount, and confirm the transaction. The purchased cryptocurrency will be credited to your exchange wallet.
Withdraw your cryptocurrency: You can withdraw your cryptocurrency to an external wallet or another exchange by following the withdrawal process on the exchange. Note that some exchanges may have withdrawal limits and fees.
When trading Bitcoin and other cryptocurrencies, it’s important to do your own research, understand the risks involved, and keep your private keys and passwords safe. It’s also advisable to use a hardware wallet or cold storage to store your cryptocurrencies securely.
Furthermore, cryptocurrency trading and investing is regulated in South Korea. So, it is important to stay updated with the latest regulations and comply with them.
Most popular crypto exchanges
Buy Bitcoin and Crypto through BolsaDX
- BolsaDX es un cripto exchange, creado en 2020 por un grupo de empresarios filántropos, con el respaldo de binance. Y nuestra misión es llevar conocimiento y crecimiento económico a México y el resto de América Latina.
Buy Bitcoin and Crypto through Crypto.com
- Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos.The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through Poloniex
- Poloniex is a cryptocurrency exchange founded by Tristan D’Agosta in January 2014. In February of 2018, it was acquired by Circle for an estimated $400M, and subsequently “spun out” in October 2019. In November 2019, Justin Sun, founder of Tron, revealed that he led the acquisition of the “spin out”.
Buy Bitcoin and Crypto through Bitfinex
- Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.