Buy Bitcoin In South Korea

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. Bithumb has suffered near-crippling hacks in June 2017, June 2018, and again on March 2019. It has also been fined for leaked customer data. Despite all of these mishaps, Bithumb has plans to expand to the American and Japanese markets. Bithumb does not have a strong security record and users are strongly recommended to explore alternative exchanges.

Supported Fiat: KRW

Payment methods include: Cryptocurrency Wire Transfer

Headquarters: Seoul, South Korea

Founders: Daesik Kim

Upbit is currently one of the largest crypto-asset exchanges in South Korea although only launching late 2017. Founded by one of South Korea’s richest men, Song Chi-Hyung and through its exclusive partnership with Bittrex, it’s no wonder why UPbit is quickly becoming the most popular exchange in Asia.

Supported Fiat: KRW

Payment methods include: Wire Transfer Cryptocurrency

Headquarters: Seoul, South Korea

Founders: Song Chi-Hyung

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. It’s rise to popularity can be attributed to the impressive number of cryptocurrencies they offer, professional attitude, friendly and transparent CEO, and low trading fees. As of 16th January 2019, Binance has announced the launch of a new Fiat to Crypto exchange named 'Binance Jersey'. Binance Jersey aims to provide a secure and stable platform for both individuals and institutions to trade cryptocurrencies and make use of fiat transfers, building upon the technology developed and used by Binance.com.

Supported Fiat: EUR, GBP via Binance Jersey

Payment methods include: Credit Card

Headquarters: Hong Kong, HK

Founders: Changpeng Zhao

eToro is an innovative and versatile trading platform where you can trade stocks, ETFs, currencies, cryptocurrencies, incides, and commodities. eToro works as a social investment platform with its 'CopyTrading' feature which allows users to view, follow and copy the network's top traders automatically. eToro has a good reputation but it is worth mentioning that purchasing cryptocurrencies with eToro does not mean that you will physically own the asset. If you want to purchase the asset instead of just trading it, it is recommended to use another exchange.

Supported Fiat: USD, EUR, GBP, JPY, AUD, RUB, CNH, CAD

Payment methods include: Bank Transfer Wire Transfer China Union Pay Credit Card Debit Card Giropay Neteller PayPal Yandex

Headquarters: Tel Aviv, Israel

Founders: Yoni Assia Ronen Assia David Ring

Korbit is the first bitcoin exchange in South Korea and has strong venture capital backing. The platform is widely accepted by its users and features both Korean and English languages and allows users to buy Bitcoins with the local fiat currency, the South Korean Won (KRW).

Supported Fiat: KRW

Payment methods include: Credit Card Debit Card Bank Transfer

Headquarters: Seoul, South Korea

Founders: Tony Lyu Kangmo Kim Louis Jinhwa Kim

Coinmama is a leading cryptocurrency brokerage company that allows you to buy several types of cryptocurrencies with your credit card. Established in 2013 in Israel, it has since grown to serve over 1 million customers in over 180 countries with over 30 employees. Being a really simple exchange broker, it makes a perfect platform for first-time buyers.

Supported Fiat: USD, EUR and also accept all local currencies

Payment methods include: Cash (via Western Union) Credit Card Debit Card Bank Transfer (SEPA)

Headquarters: Ra'anana, Israel

Founders: Nimrod Gruber

LocalBitcoins works as a decentralized exchange, facilitating P2P (peer-to-peer) Bitcoin sales by allowing users to list their own buy/sell advertisements. By using the site users can create and list advertisements, communicate with prospective buyers and sellers and confirm all the transaction details before finalizing any trade. Users can either meet in person or trade online. LocalBitcoins allows for private purchases and can be used worldwide; it also allows users to make purchases via a number of different payment methods and doesn’t impose buying or selling limits.

Supported Fiat: USD, EUR, GBP, AUD, CAD, CNY & 50+ more

Payment methods include: BPAY Cash Credit Card Cryptocurrency Debit Card Flexepin iDEAL Neosurf Neteller PayPal Perfect Money Bank Transfer (SEPA) SWIFT Western Union

Headquarters: Helsinki, Finland

Founders: Jeremias Kangas

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. Kraken provides cryptocurrency to fiat trading and provides price information to Bloomberg Terminal. In February 2019, Kraken announced that it had raised US$100 million in a direct offering to its largest customers at a $4 billion valuation.

Supported Fiat: USD, EUR, GBP, JPY, CAD

Payment methods include: Electronic Funds Transfer Bank Transfer (SEPA) Wire Transfer

Headquarters: San Francisco, California, U.S

Founders: Jesse Powell

OKCoin is a Chinese-based exchange that was founded in 2013 and is currently one of the more dominant platforms for Bitcoin trading. OKCoin primarily services users from China and the Asian markets but accepts traders from all over the world.

Supported Fiat: USD, CNY

Payment methods include: Bank Transfer Wire Transfer

Headquarters: Beijing, China

Founders: Star Xu

Bitstamp is a well-established and respected cryptocurrency exchange that has become one of the most popular choices with cryptocurrency traders around the world. Bitstamp provides trading services to traders from all around the world and is designed for both intermediate and experienced investors. The exchange provides a user-friendly, intricate and advanced trading platform with sophisticated features.

Supported Fiat: USD, EUR

Payment methods include: Credit Card Cryptocurrency Debit Card Bank Transfer (SEPA) Wire Transfer

Headquarters: Luxembourg

Founders: Nejc Kodrič Damijan Merlak

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. Gemini is regulated by the New York State Department of Financial Services (NYSDFS) and also the first exchange to launch bitcoin futures contracts in December 2017.

Supported Fiat: USD

Payment methods include: Wire Transfer Electronic funds transfer Cryptocurrency

Headquarters: New York City, New York, U.S

Founders: Cameron Winklevoss Tyler Winklevoss

BitMEX (Bitcoin Mercantile Exchange), is a peer-to-peer derivatives trading platform that provides reliable derivatives, futures, and indefinite contracts on cryptocurrencies, primarily Bitcoin. BitMEX boasts over $180B traded since its’ launch and $80B in December of 2017 alone. The BitMex platform doesn’t work with fiat currencies.

Supported Fiat: None (only Bitcoin)

Payment methods include: Cryptocurrency

Headquarters: Hong Kong, HK

Founders: Arthur Hayes Ben Delo Samuel Reed

Bitfinex is a cryptocurrency exchange headquartered in Hong Kong and registered in the British Virgin Islands. Bitfinex ranks among the top exchanges in terms of daily trading volumes and is one of the most well-known trading platforms albeit a troubled history of multiple hacks, loss of user funds, and other allegations.

Supported Fiat: USD, EUR, GBP, JPY

Payment methods include: Cryptocurrency Wire Transfer

Headquarters: Hong Kong, HK

Founders: Giancarlo Devasini Raphael Nicolle

Paxful works as a peer-to-peer Bitcoin trading platform. Established in 2015, the peer-to-peer marketplace allows buyers and sellers to interact by posting trade offers. Users can choose to make purchases using PayPal, MoneyGram, Amazon/iTunes gift cards and many more payment methods.

Supported Fiat: USD, EUR, GBP, CAD, AUD, CNY & 50+ more

Payment methods include: Cash Credit Card Debit Card Flexepin iDEAL Neosurf Neteller PayPal Perfect Money SWIFT Western Union Moneygram Giftcards

Headquarters: Wilmington, Delaware, U.S

Founders: Ray Youssef Artur Schaback

Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card. All this is done through a convenient and clean user-interface and a quick registration via email or social media account. Changelly’s conversion mechanism is integrated into some of the biggest cryptocurrency platforms such as Poloniex, Bittrex, and Binance. There are no geographical restrictions to the service that Changelly provides, so it can be accessed from anywhere in the world.

Supported Fiat: USD, EUR, GBP

Payment methods include: Credit Card Debit Card

Headquarters: Valletta, Malta

Founders: Alex Melikhov Konstantin Gladych