Looking to buy Bitcoin in South Korea? 

BitcoinSouthKorea brings to you all the updated data of most trusted crypto exchanges in the world. The information includes trading volume, transaction fee, payment method, and digital currencies available.

  • Boasts over 5 million users

  • Trading volume per day exceeds 2 billion

  • Trading frees from 0.4%-0.1%

  • More than 30 million users

  • Daily trading volume is 10 billion

  • Lowest trading fees ranging from 0.1%-0.2%

  • Popular and most trusted exchange globally

  • Kraken has more than 10 million users

  • Per day trading volume ranges from 200-400 million

  • Trading fees between 0.1% and 0.42%

Details

Changpeng Zhao launched Binance in 2017 and the exchange has evolved to be among the quickest way to buy bitcoin. Equally, it is the most trusted cryptocurrency exchange where traders can trade at competitive fees. Investors across the globe can sign up with the Hong-Kong based exchange and start trading immediately. CoinMarket indicates that Binance is among the leading trading platforms with the highest trading volume. Most importantly the exchange facilitates cryptocurrency-to-cryptocurrency exchange and fiat currencies are not permitted.

Its interface offers a holistic market view to guide investors into making rewarding investments. There are advance chart tools that can aid in strategic planning of investment portfolio with over 210 different cryptocurrencies available for trading.

  • Over 20 million cryptocurrency investors trust Binance

  • Exchange charging least transaction fees 0.1%-0.2

  • Largest daily trading volumes of 10-12 billion

  • Supports credit and debit card purchase of bitcoin

  • Investors can earn staking rewards for more than 23 cryptocurrencies

  • Binance store more than 320,000 users’ bitcoin

  • SAFU Funds acting as security for user’s funds against hacking

  • Over 180 cryptocurrencies supported

  • Limited cryptocurrency choice

  • Fiat currency not accepted

Another popular crypto exchange offering the quickest way to buy bitcoin and currently boasts over 5 million users. Founded by former Oracle engineer Leon Li in 2013 in China the exchange has grown and currently has 1,300 employees with subsidiary and affiliate companies in 12 other countries that include Japan, the US, Thailand, and Gibraltar among others.

Huobi processes around 2-5 billion trades every day and its native Huobi Token has grown from ICO price of $1.52 to $4. In 2014 the exchange raised $10 million through venture financing led by Sequoia Capital.

  • Supported in more than 130 countries

  • Bitcoin purchase of credit/debit card supported

  • Huobi holds more than 420,000 bitcoins of users

  • Boasts over 5 million users

  • More than 235 currencies supported

  • Daily trading volume 2-5 billion

  • Charges 8%$ transaction fee for debit card deposits

  • Does not support wire transfer purchase

Kraken is another leading cryptocurrency exchange in the world today available in over 180 countries. Around 2.2 million users trust Huobi Global exchange where they buy, sell trade, and get to learn about crypto exchanges. The exchange supports bitcoin buying through SEPA, SWIFT and bank wire.

  • Available in 180 plus countries

  • Around 34 different cryptocurrencies are supported

  • Daily trading volume ranges from 100-300 million

  • High liquidity

  • Follows enhanced security protocols

  • Trading fees are high from 0.42%-0.1%

  • Unreliable customer support

We receive an affiliate commission when you Bitcoin via our link. We use this money to maintain our team, including developers, marketers, and crypto, to provide you with the most updated information.

 

What is Bitcoin?

Bitcoin is the pioneering cryptocurrency that launched in 2009. The founder of bitcoin is Satoshi Nakamoto who is a person or group of people that have remained anonymous to date. The first-ever decentralized digital currency that operates without relying on traditional intermediaries such as banks and payment providers to complete transactions. Bitcoin prices are highly volatile and currently, you can find the quickest way to buy bitcoin through BitcoinSouthKorea which offers recommendations of trusted exchanges.
 

​Few Interesting Facts About Bitcoin

  • It is the first every created cryptocurrency   

  • To date, around 21 million bitcoins have been issued digitally

  • In every 10 minutes, around 6.25 bitcoins are created and circulated

  • The bitcoin code is an open-source downloadable by anyone

  • Transactions do not need intermediaries to be finalized

  • The bitcoin blockchain is decentralized nobody owns it

  • Bitcoin transactions are recorded in a distributed ledger called a blockchain

  • Verification of transaction is through computers

If you are interested in learning about the quickest way to buy bitcoin check Buy Bitcoin, What is Crypto?, and Best Place To Buy Bitcoin.

Traditional Money System

A traditional money system is a centralized form of currency system where there is a central authority governing the circulation of currency and vouches for the value of the currency. When one wants to send fiat currencies like USD or Euro a bank or a payment provider will facilitate confirmation of the transaction.

Bitcoin Transactions

On the other hand, bitcoin transactions are conducted over a decentralized blockchain and there is no need for intermediaries to confirm the transactions and manage the funds. Transactions are fast taking between a minute and an hour to complete.

 

Risks Involved in Cryptocurrency

Erratic Prices

Proliferation Of Scams

High Transaction Fees

Cryptocurrency prices are very volatile and within a day the price can surge significantly and the next day it plunges. This is because of its market activity that determines the value of crypto and in an hour bitcoin can drop $1000.

There are a lot of scammers on the internet that are out to defraud investors and it is recommended that you keep the account and private keys safe. Use 2nd authentication like SMA, email, or Google authentication and always store the passwords in an offline device.

Some exchanges can be conniving whereby they lie about their transaction fees yet they have a lot of hidden charges that make trading expensive for users. Always be on the watch out for such players before buying bitcoin.

“I established BitcoinSouthKorea24.com as a platform that allows crypto investors and greenhorns to find the most trusted exchanges where they can purchase bitcoin at competitive prices”
CEO
Mardo Soo
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Disclaimer

This website is for informational purposes only and it doesn’t provide any investment or financial advice related to website use. It is advisable that if you are seeking investment or financial advice to consult a professional to get more insights on the risks associated with cryptocurrencies. Most importantly do not invest what you can’t afford to lose. The website doesn’t guarantee investors any trading profit. We accept advertising commissions from partners like bitcoin wallets and cryptocurrency exchanges.
About US
Bitcoinsouthkorea24 was launched as a tool professional investors and traders can use for research purposes in finding the quickest top three crypto exchanges where they can buy crypto. The website has analyzed the most popular exchanges by comparing trading volumes, trading fees, payment methods, supported cryptocurrencies, the estimated number of users, and availability in different countries. We aspire to be a leading platform offering investors a way of finding the best and fastest trading options considering there are more than 1000 different crypto exchanges that charge high fees and some are even scams. We are delighted to support the blockchain ecosystem through a selection of the best options for novices to purchase crypto from some of the best cryptocurrency providers.

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