How To Buy Bitcoin in South Korea?

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.

Popular & high liquidity
How To Buy Bitcoin in South Korea?

<a href="https://en.bithumb.com/" target="_blank" rel="noreferrer noopener">Bithumb</a>

👛 Ease of Use – Medium
👛 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.
More info +
Popular & high liquidity
How To Buy Bitcoin in South Korea?

Korbit

👛 Ease of Use – Medium
👛 Fees – Average
👛 Verification – 1-2 Days
👛 Reputation – Trusted
👛 Supported fiat – KRW

Korbit is the first bitcoin exchange in South Korea and has strong venture capital backing.
More info +
Established & high liquidity
How To Buy Bitcoin in South Korea?

Binance

👛 Ease of Use – Medium
👛 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.
More info +

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.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile
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Bottom Line
ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
Pros
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
Cons
No major flaws
Exodus
Exodus
Desktop
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Bottom Line
Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
Pros
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Cons
Not completely open source
Ledger Nano X
Ledger Nano X
Hardware
Visit Now
Bottom Line
Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Pros
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Cons
Small display
complicated to setup for newbies

Read also:

Trusted & high liquidity
How To Buy Bitcoin in South Korea?

Gemini

👛 Ease of Use – Easy
👛 Fees -Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD

Gemini is a crypto exchange founded back in 2015 by two prominent tech brothers – Tyler and Cameron Winklewoss. 
More info +
Regulated & high liquidity
How To Buy Bitcoin in South Korea?

Kraken

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 2-3 Days
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD

If we are talking about the “big three” in the crypto exchanges world, then Kraken definitely joins Coinbase and Binance to be a part of it.
More info +
Trusted & high liquidity
Bitstamp

Bitstamp

👛 Ease of Use – Easy
👛 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.
More info +
Established & high liquidity
bitfinex

Bitfinex

👛 Ease of Use – Easy
👛 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.
More info +
Trusted & high liquidity
How To Buy Bitcoin in South Korea?

Huobi

👛 Ease of Use – Medium
👛 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.
More info +
Regulated & high liquidity
How To Buy Bitcoin in South Korea?

Coinmama

👛 Ease of Use – Easy
👛 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.
More info +

Frequently asked questions about buying Bitcoin in South Korea

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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

Petar Jovanović

Petar Jovanović

I am Petar and I come from a small country in South-Eastern Europe called Serbia. I am a big-time crypto enthusiast and I am proud to be a part of the project. My job with Captainaltcoin is the content editor and content writer position. Feel free to shoot me a message on Facebook if you would like to get in touch and talk about the emerging crypto world. Stay safe!

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