https://ift.tt/jXTYrmx To Buy Bitcoin in South Korea?

Bithumb is a South Korean cryptocurrency exchange. Founded in 2014, Bithumb Korea is the most influential digital currency exchange in the country, having 8 million registered users, 1M mobile app users, and a current cumulative transaction volume that has exceeded 1 trillion US dollars.

Deposit fees:
Fees vary
Withdrawal fees:
Fees vary
Trading fees:
0.25%
Payment Methods:
Cryptocurrency Wire Transfer
Supported fiat:
KRW

As the name suggests, Korbit is a cryptocurrency exchange based in South Korea. The name comes from the country where the exchange is based and the main cryptocurrency, Bitcoin. Korea + Bitcoin = Korbit.
The exchange is owned by Korbit Inc., a company located in Gangnam-gu, Seoul, South Korea. It was launched back in 2014, so the Korbit is not a new player on the market and is considered the first Korean-based cryptocurrency exchange. The exchange secured huge investment from various venture capitalists in Korea – $3.6 million was raised.

Korbit is widely considered the largest cryptocurrency exchange in South Korea. 

Deposit fees:
Free
Withdrawal fees:
0.001 BTC
Trading fees:
0.08% – 0.20%
Payment Methods:
Credit Card, Debit Card, Bank Transfer
Supported fiat:
KRW

No deposit fee. Withdrawal and trading fees are below the market’s average
  Exciting innovative features such as Piggybank or ETH 2.0 staking

Provides a service to buy crypto with local cryptocurrency
Users’ security is on a high level

Binance is considered one of the safest cryptocurrency exchanges on the market. Binance provides 2FA and both cold storage and multi-sig wallets. It supports spot trading, futures, P2P trading, margin trading, earn (locked and fixed savings, DeFi staking, and yield farming), mining and staking pools. It has over 350+ cryptocurrencies available for trade and 1300+ trading pairs.

Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
0.1%
Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more

  Low fees
  High liquidity
  Excellent mobile app
Well-established and trusted

Hacked in 2019
Not accessible to U.S. users

Bottom Line

Pros

Cons

Gemini of today is one of the powerhouses of crypto trading. The exchange is well-reputed and one of the leaders in mainstream penetration thanks to their aggressive ad campaigns on buses, billboards, and mainstream media.

Deposit fees:
Free
Withdrawal fees:
0.001 BTC
Trading fees:
0.10% – 0.35%
Payment Methods:
Credit/debit cards, Local bank transfer
Supported fiat:
USD

  Ability to set real-time market limit orders
  Low fees
  Clean user interface
Strong reputation

Exclusive to a limited number of countries

Kraken has millions of active users, international markets, and strategic investors on board. It was launched back in 2011 so it is one of the oldest crypto exchanges in the world. Headquarters are in San Francisco, California, U.S. The founder and the CEO of the company is Jesse Powell.

Deposit fees:
EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free)
Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD)
Trading fees:
Maker: 0.16%Taker: 0.28%
Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko
Supported fiat:
USD, EUR, GBP, JPY, CAD

  Available almost worldwide
  Longevity on the crypto market – highly respected exchange
  Over 90 cryptocurrencies
Advanced trading and staking services

Fees are fairly high compared to its main competitors
No derivates or futures trading

Ever since it was launched, Bitstamp’s main focus has been the trading platform on which you can trade Bitcoin and over 50 more cryptocurrencies. Bitstamp’s motto is “quality over quantity.” This means that even though there is a limited number of cryptos you can trade, the services on the platform work extremely well.

Deposit fees:
0 – 5 %
Withdrawal fees:
Sepa – 3 EUR, ACH – Free, Credit cards – 5%, International wire – 0.1%, and crypto – depends on the asset (0.0005 BTC)
Trading fees:
0 – 0.5 %
Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire.
Supported fiat:
USD, EUR, GBP

  24/7 Phone Customer Support
  Low fees
  The mobile app is highly rated
Security on a high level

A small selection of cryptos is available
Just 2 cryptocurrencies are available for staking
Limited educational content for beginner traders

The extremely low trading fees are another reason why so many crypto traders opt for this platform. Most trades cost around 0.20 %, but it is based on a Taker-Maker concept. The maker fee is 0.10 %, while the taker fee is 0.20 %. These fees apply to fiat trades, crypto, and stablecoins.

Deposit fees:
0.1 %
Withdrawal fees:
Free
Trading fees:
0 – 0.2 %
Service fees:
0.1 %
Payment Methods:
Debit/Credit Cards, ACH Transfer, Wire Transfer
Supported fiat:
USD, EUR, GBP, JPY, and CNH

  Withdrawal, deposit, and trading fees are very low
  Supports margin trading, spot trading, derivatives, and other advanced order types
  The mobile app works great
Wide range of supported cryptocurrencies

Second largest hack in history
Not available for US citizens

Huobi has a massive presence in the Asian markets and its popularity has been spreading globally. With more than 390 cryptocurrencies offered, traders and investors around the world can easily buy crypto.

Huobi client funds are held in dedicated multi-signature cold wallets with 24/7 security monitoring, and a dedicated 20,000 BTC Security Reserve Fund has been created to further provide another level of asset protection.

Deposit fees:
Free
Withdrawal fees:
0.00003 BTC
Trading fees:
0.20%
Payment Methods:
Wire Transfer, Bank Transfer, WeChat AliPay
Supported fiat:
CNY, GBP, USD, HKD, and CAD

  Sophisticated yet user-friendly dashboard and platform
  More than 230 tradable assets
  Leveraged and margined trading

Low leverage for margin
Fiat deposits and withdrawals not supported
Low withdrawal limits

Currently, Coinmama is available in more than 150 countries around the world, and it has over 1.5 million users. Coinmama is registered under FinCEN in the U.S., but residents from 11 states aren’t allowed to use it. It is a user-friendly exchange and an excellent platform for safe, secure, and fast transactions.

Deposit fees:
0 – 5 %
Withdrawal fees:
None
Trading fees:
2.9 – 3.9 %
Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill
Supported fiat:
USD, EUR, GBP, CAD, AUD

  150+ countries supported
  Mobile App (iOS and Android)
  Various payment methods
Quick verification process

Fees above the industry average
Only 10 cryptocurrencies