Buying bitcoin in usa and selling in korea - will
Smart Bitcoin Investments
South Korea is one of the largest markets for bitcoin traders worldwide.
Here are the 19 best exchanges in South Korea to buy bitcoin.
Need a reliable bitcoin wallet? Have a look at our wallets page.
Etoro
Etoro is a multi-asset platform that offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Since 2007, Etoro has been democratizing traditional money management in order to open the financial markets to everyone, everywhere.
Deposits may be made via online bank transfer, wire transfer, e-wallet (PayPal, Skrill, or Neteller), or bank card, and the minimum deposit amount is $50. Customers may withdraw funds from their Etoro account at any time, and without fees from the platform (though charges from your bank may apply).
Etoro accepts deposits in USD, EUR, GBP, JPY, AUD, RUB, CNH, and CAD.
Pros
- Diverse selection of markets
- Excellent reputation
- User-friendly interface
- Great customer support
- Low fees
Cons
- Bitcoins can only be withdrawn in the form of fiat currency
Disclaimer: 75% of retail investor accounts lose money when trading CFDs
Gemini
Gemini is a simple, elegant, and secure way to build your bitcoin and crypto portfolio. Gemini has low fees and a strong reputation.
The dashboard makes it easy for investors to view a snapshot of their holdings upon login.
Gemini accepts deposits in USD, AUD, CAD, EUR, GBP, and HKD for trading.
Pros
- Ability to set real-time market limit orders
- Low fees
- Clean user interface
- Strong reputation
- Great customer support
Cons
- Exclusive to a limited number of countries
CEX IO
CEX.IO is a multifunctional cryptocurrency exchange that is trusted by millions of customers worldwide and allows users to buy bitcoin with a credit card or debit card seamlessly.
CEX.IO boasts multiple payment options (SWIFT, SEPA, ACH, Faster Payments), 24/7 customer support, and proven platform stability.
CEX.IO accepts deposits in USD, EUR, GBP, and RUB.
Pros
- Established and trustworthy
- Supported worldwide
- Low fees
- Simple credit card purchases
- Clean user interface
Cons
- Verification procedure requires private information
- Lengthy verification time
Coinbase
Coinbase is the dominant U.S. cryptocurrency exchange that is known, used and trusted by millions of customers worldwide. The world-class user interface is both colorful and accessible and there is even a mobile app available for Android and iOS.
Coinbase accepts deposits in USD, EUR, GBP, CAN, AUS, and SGD.
Pros
- Established reputation
- User-friendly interface
- High liquidity
- Large purchasing limits
- Strong security
Cons
- Support takes time to respond
- Slow bank transfers
Kraken
Kraken is the world's largest Bitcoin exchange in terms of both total volume and liquidity and accepts almost every type of bank or wire transfer as a funding method.
Kraken Pro provides individual investors with real-time trading and charting tools.
Kraken accepts deposits in USD, EUR, CAD, GBP, JPY, and CHF.
Pros
- Respectable reputation
- Global support
- Reliable customer support
- Tiered verification
- Affordable fees
Cons
- Few payment methods
- Sophisticated UI
Coinmama
Coinmama specializes in selling Bitcoin and cryptocurrencies instantly with a credit card, or with bank transfer and is one of the most popular exchanges in the world.
Coinmama accepts all currencies, in particular, USD, EUR, GBP, CAD, AUD, and JPY.
Pros
- Available worldwide
- High purchasing limits
- Dependable and trustworthy
- Excellent leadership and customer support
- Fast and secure transactions
Cons
- High fees when purchasing with a credit card or debit card
- Delay in processing time
Paybis
Paybis is a digital and cryptocurrency exchange that specializes in fast and reliable transactions while providing a large number of payment options.
Paybis accepts deposits in USD, EUR, CAD, GBP, and JPY.
Pros
- Large purchasing limits
- Wide range of payment options
- Intuitive and user-friendly interface
- Global support
- 24/7 Multilingual customer service
Cons
- Bank transfers can take 1 to 5 days to complete
- Above-average fees
Bittrex
Bittrex is one of the largest cryptocurrency trading platforms in existence and serves customers all over the world.
Bittrex currently accepts deposits in USD for fiat trading only.
Pros
- A large number of cryptocurrency pairs
- Strong security
- Privacy
Bitit
Bitit is developed, hosted, and regulated in Paris, France. BitIt is one of the most convenient platforms for buying and selling crypto-assets.
Bitit accepts deposits in USD, EUR, GBP, JPY, AUD, CAD, CNY, HKD, KRW, SGD, ZAR, DKK, SEK, NOK, and TRY.
Pros
- Supports many currencies
- Large selection of cryptocurrencies
- High purchasing limits
- Ledger and Trezor wallet support
Paxful
Paxful is a person-to-person marketplace that supports over 300 payment methods.
Paxful gives vendors the ability to create offers in all currencies.
Pros
- Escrow system
- Security
- Diverse payment methods
- Simple user interface (UI)
- Wide variety of sellers
Cons
- Buyers and sellers are at risk of being scammed
LocalBitcoins
LocalBitcoins is a person-to-person bitcoin trading platform that specializes in connecting buyers and sellers.
LocalBitcoins gives vendors the ability to create offers in all currencies.
Pros
- Available in every country of the world
- A diverse selection of buyers and sellers
- Supports many payment methods
- Buyers get their bitcoins fast
- Private
Cons
- Lack of cryptocurrency diversity
- Both sellers and buyers have a chance of being scammed.
Changelly
Changelly is an instant cryptocurrency exchange which supplies the best live rates on the market for every pair. The interface is colorful and simple to manage, and transactions are performed instantly.
Changelly accepts USD, EUR, and GBP for buying cryptocurrency.
Pros
- Fast
- Private
- Low fees
- High exchange limits
- 24/7 live chat support
Wirex
Wirex is a debit card that automatically converts multiple crypto and fiat currencies at the point of sale, letting you seamlessly spend money from your Wirex account in real life, anytime, anywhere.
Once you add money to your Wirex account you can exchange between any of the currencies in-app or online, instantly.
Wirex accepts deposits in AUD, CAD, EUR, CHF, CZK, GBP, HKD, JPY, MXN, SGD, and USD.
Pros
- Multiple funding methods
- Ability to purchase bitcoin at market rate
- Wallet and exchange
Cons
- The initial lag time
- Not supported in all countries
BitPanda
BitPanda has been in operation since 2013 and is based in Vienna, Austria. The BitPanda platform is straightforward and easy to use for beginners.
BitPanda accepts deposits in EUR, USD, CHF, and GBP.
Pros
- Low fees
- Multiple payment methods
- Easy verification process
- Dependable and trustworthy
Cons
- Available to European countries only
Poloniex
Poloniex is ideal for those seeking a cryptocurrency trading platform with a large array of technical analysis tools.
Poloniex currently accepts deposits in USDC.
Pros
- Hundreds of trading pairs
- Multifunctional user interface
- Wealth of trading and analysis tools
Cons
- Can be complicated for beginners
Bitsquare
Bitsquare is a peer to peer exchange that allows users to buy and sell bitcoins and exchange them for other altcoins and fiat currencies.
If you value your security as a trader, then Bitsquare is the perfect bitcoin trading platform especially if you love remaining anonymous.
Bitsquare users can buy and sell bitcoin with all national fiat currencies.
Pros
- Respectable reputation
- Supported globally
- No registration required
- Privacy
- Perfect for advanced traders
Cons
- Few payment methods
- Not suitable for beginners
Bitstamp
Bitstamp is a bitcoin marketplace based in the European Union and has been around since 2011.
Bitstamp offers clients 24/7 support and a multilanguage interface that can be used by everyone around the world.
Bitstamp accepts deposits in USD and EUR.
Pros
- Supported globally
- High-level security
- Affordable transaction fees
- Reliable customer support
Cons
- Few payment methods
- High deposit fees
Abra
Abra is an all-in-one cryptocurrency wallet and exchange app available on both iOS and Android platforms.
International Abra users can see all 54 fiat currencies. Citizens in the United States can only see TUSD.
Pros
- Many payment methods
- Diverse cryptocurrencies supported
Cons
- Slow customer support
- Mobile only
Bitcoin ATM
Finding a Bitcoin ATM is a great way to buy bitcoin instantly if you have cash on hand. There is a Bitcoin ATM in every region of the world.
Check out the Bitcoin ATM map on Coin ATM Radar to see if there is one near you.
Pros
- Easily accessible
- Convenient
- Fun to use
- Physical kiosk with receipt and customer service
Cons
- Distance to travel
- Higher fees than most exchanges
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Looking for more ways to buy bitcoin?
Here are the most popular payment methods you can use to buy bitcoin.
Bitcoin Legalization In South Korea
In March of 2020, an Amendment to Special Reporting Act passed which signifies the official entry of cryptocurrency trading and holding for citizens and the government of South Korea. It is expected that the domestic blockchain industry in South Korea will restructure and stabilize as a result of this act passing.
Where Can I Buy Bitcoin In South Korea?
Customers based in any of the major cities in South Korea are able to buy bitcoin from any of the exchanges on this page.
Best Place To Buy Bitcoin In South Korea
With over three million users, CEX.IO is the simplest and most popular exchange for citizens in South Korea to buy cryptocurrencies. The verification process on CEX.IO is quite extensive which makes it one of the most secure exchanges on the planet. VISA and Mastercard deposits incur a 2.99% fee, while SWIFT bank deposits are free and withdrawals incur a 0.3% + $25 fee.
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