How to Buy Bitcoin in South Korea

We found 12 trusted online cryptocurrency exchanges operating in South Korea including Bithumb, UPbit, and Korbit.

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Alon Shvartsman
Last updated: January 10, 2022
Alon Shvartsman
Last updated: January 10, 2022
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Most Popular Bitcoin Exchanges in South Korea

Popular

Bithumb is the most popular Bitcoin exchange in South Korea with 8,000,000 users

Visit Bithumb

User-friendly

UPbit allows buying and selling Bitcoin with 2 forms of payment

Visit UPbit

All Around

Korbit accepts users and payments from 1 countries

Visit Korbit
Bithumb

Ease of Use

Medium

Fees

Average

Verification

1-2 Days

Reputation

Low

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.

UPbit

Ease of Use

Medium

Fees

Average

Verification

1-2 Days

Reputation

Trusted

Upbit is currently one of the largest crypto-asset exchanges in South Korea although only launching late 2017.

Korbit

Ease of Use

Medium

Fees

Average

Verification

1-2 Days

Reputation

Trusted

Korbit is the first bitcoin exchange in South Korea and has strong venture capital backing.

Best Bitcoin Wallets for South Korea

After buying bitcoin from an exchange, it's important to withdraw to your own non-custodial wallet for security, privacy, and to have full control over your bitcoin.

Mobile

ZenGo Logo

ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes 20 seconds.

Visit ZenGo

Desktop

Electrum Wallet Logo

Electrum is a popular desktop Bitcoin wallet which is compatible with Windows, Mac, and Linux

Visit Electrum Wallet

Hardware

Ledger Nano S Logo

Ledger Nano S is a secure hardware wallet that connects to your computer via USB

Visit Ledger Nano S
Binance

Ease of Use

Medium

Fees

Low

Verification

1 Day

Reputation

Trusted

Within 8 months of launching in July 2017, Binance quickly skyrocketed into the world's largest cryptocurrency exchange by trading volume, processing more than $1 billion on a daily basis.

Gemini

Ease of Use

Medium

Fees

Very High

Verification

1-2 Days

Reputation

Trusted

Gemini is a digital asset exchange and custodian, founded in 2014 by brothers Cameron and Tyler Winklevoss, that allows customers to buy, sell, and store digital assets such as bitcoin and ether.

Kraken

Ease of Use

Easy

Fees

Average

Verification

2-3 Days

Reputation

Trusted

With millions of active users, an international market, and strategic investors on board, Kraken, joins Coinbase and Binance to become the big three cryptocurrency exchanges in the global market.

Coinmama

Ease of Use

Easy

Fees

High

Verification

1 Day

Reputation

Trusted

Coinmama is a leading cryptocurrency exchange that allows you to buy and sell bitcoin and other cryptocurrencies with a credit card and/or bank transfers.

Bitstamp

Ease of Use

Easy

Fees

Average

Verification

3 Days

Reputation

Trusted

Bitstamp is a well-established and respected cryptocurrency exchange that has become one of the most popular choices with cryptocurrency traders around the world.

Huobi

Ease of Use

Medium

Fees

Average

Verification

1-2 Days

Reputation

Trusted

Launched in 2013, Huobi is the 5th largest cryptocurrency exchange in the world by volume and boasts a 24-hour trading volume of $26 Billion.

Bitfinex

Ease of Use

Medium

Fees

Low

Verification

3 Days

Reputation

Low Trust

Bitfinex is a cryptocurrency exchange headquartered in Hong Kong and registered in the British Virgin Islands.

OkCoin

Ease of Use

Hard

Fees

Average

Verification

1-2 Days

Reputation

Trusted

OKCoin is a Chinese-based exchange that was founded in 2013 and is currently one of the more dominant platforms for Bitcoin trading.

Changelly

Ease of Use

Easy

Fees

Average

Verification

1 Day

Reputation

Trusted

Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card.

Frequently Asked Questions

There are 12 trusted exchanges operating in South Korea with the most popular being Bithumb, UPbit, and Korbit.

You can review each of these exchanges and find best exchange that works for you. Bitrawr ranks exchanges in South Korea based on fees, users, and security while giving placement preference to exchanges located in South Korea or specifically catering to users in South Korea.

Yes, you can buy bitcoin safely and anonymously by using P2P (Peer to peer) exchanges like Bisq, Paxful, LocalSwap and LocalBitcoins.

Yes, popular Bitcoin futures exchanges like Bitmex, Deribit, and FTX enable users to long or short BTC with up to 100x leverage.

Most of the exchanges operating in South Korea have debit/credit card payment options available. Remember that this requires completing KYC.

No! For complete custody of your Bitcoin or other cryptocurrencies it is recommended to store them in a hardware wallet as it keeps private keys safe and entirely offline.

Bitcoin ATMs are an excellent way to buy bitcoin using cash and offer little to no requirements for KYC. ATMs are commonly located inside of convenience stores, shops, restaurants, malls or airports. Find one near you using our ATM map.

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