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Easiest and cheapest ways to buy crypto in South Korea
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in South Korea is a bit harder than in some other countries so we have compiled a list of exchanges where South Korean citizens can buy bitcoin.
<a href="https://en.bithumb.com/" target="_blank" rel="noreferrer noopener">Bithumb</a>
👛 Fees – Average
👛 Verification – 1-2 Days
👛 Reputation – Medium
👛 Supported fiat – KRW
Bithumb is a cryptocurrency exchange from South Korea that at one point has been estimated to account for 10% of bitcoin trading on a global scale.
Binance
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, AUD, RUB
Launched in July 2017, Binance quickly became the world’s largest centralized crypto exchange, with more than $15 billion in daily trading volume. It has over 30 million users all over the world. Binance offers an impressive number of cryptocurrencies that you can buy, sell, and trade with low trading fees.
Best Bitcoin Wallets in South Korea
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
you can buy crypto directly from it
has savings and staking account
you can buy and stake directly from the wallet
supports all major coins and blockchains
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Jordan?
- How To Buy Bitcoin in Suriname?
- How To Buy Bitcoin in Laos?
- How To Buy Bitcoin in Myanmar?
Bitstamp
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP
Established in 2011 and with HQ in London, Bitstamp is one of the oldest European-based cryptocurrency exchange platforms. With more than a decade of experience, Bitstamp has amassed a pretty decent following. Users can trade crypto via the online trading platform, active trading platform, or mobile app that supports both Android and iOS devices.
Bitfinex
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, and CNH
Founded in 2012, this exchange from the British Virgin Islands represents one of the oldest crypto exchanges in the community. The large ecosystem of crypto products and trading options (spot trading, margin trading, derivatives, paper trading, and more) makes Bitfinex one of the most popular exchange platforms by volume.
Huobi
👛 Fees – Average
👛 Verification – 1-2 days
👛 Reputation – Trusted
👛 Supported fiat – EUR, IDR, MYR, NGN, ZAR, ZMW, USD
Huobi is one of the largest crypto exchanges in the world.
Coinmama
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD
Coinmama is one of the oldest centralized cryptocurrency exchanges on the market. It was founded in Israel in 2013. Today, Coinmama’s head office is in Dublin, Ireland. Using this crypto exchange, you can easily and quickly buy and sell 10 different cryptocurrencies.
Frequently asked questions about buying Bitcoin in South Korea
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
