Founded in 2014, Korbit is a Korean cryptocurrency exchange that aims to provide traders with a secure platform through which they can buy, sell and store Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Chainlink, EOS, Ethereum Classic and other cryptocurrencies on both the web and mobile. They are known as the first and most stable Bitcoin exchange in Korea.
show 1 Korbit Review, Pros & Cons 2 Korbit Overview 3 Korbit Regulations 4 Korbit Countries 5 Korbit Platforms 6 Korbit Trading Tools 7 Korbit Education ‘#’>8 Korbit Instruments 9 Korbit Accounts & Fees 10 Korbit Support 11 Korbit Deposit & Withdrawal 12 Korbit Account Opening 13 Korbit Summary
Korbit Review, Pros & Cons
In this detailed Korbit review, our online broker research team has covered some of the key aspects you should consider when choosing the best broker for your online trading needs.
Korbit Overview
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Korbit is Korea’s first Won cryptocurrency exchange and has built a reputation as a reliable and trustworthy exchange that securely manages and protects customers’ assets. The exchange allows traders to exchange cryptocurrency for fiat money and vice versa. Traders benefit from some trading and learning resources, as well as a customer support team.
Korbit Regulation
There is currently no regulatory information on the exchange’s website. Many experts and professionals would not trade with an unregulated broker because it cannot provide the same protection to investors that a regulated broker can. See our trading broker reviews for alternative regulated brokers.
Korbit Countries
Although Korbit seems to be more interested in South Korean clients, they also offer services to international clients, as long as it does not violate local laws or regulations.
Some of Korbit’s features and products mentioned in this Korbit review may not be available to merchants from certain countries due to legal restrictions.
Korbit Platforms
Korbit offers traders a secure proprietary trading platform, with cold portfolio storage. The platform is packed with useful features, such as detailed charts with various indicators, limit orders, and handy data to track profit and loss calculations. It is available as a WebTrader that can be run directly on most modern web browsers, and a mobile app that is compatible with Android and iOS devices and can be downloaded from the respective app stores.
Korbit Trading Platform
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Korbit Trading Tools
Trading tools such as Trade APIs and charts are available to assist you in the trading process.
Korbit Charts
Korbit Education
The exchange’s website has an FAQ section with direct answers to the most common customer questions.
Korbit Instruments
Korbit offers a variety of digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Chainlink, EOS, Ethereum Classic, and more.
Korbit accounts and fees
The exchange allows traders to open a single live trading account for trading all available cryptocurrencies.
Since brokerage fees can vary and change, there may be additional fees that are not mentioned in this Korbit review. It is imperative that you check and understand all recent information before opening a Korbit broker account for online trading.
Support for Korbit
Customer inquiries are handled in a timely and effective manner because Korbit has a professional customer support team that is available Monday through Friday (9 a.m. to 6 p.m.) and can be reached via phone, live chat and email.
Korbit deposit and withdrawal
Customers can deposit and withdraw their funds through bank transfers.
Opening a Korbit Account
To open a new account, click the Sign Up button and enter your email address and password. Then check the necessary boxes and click the Register button. A verification email will be sent to the email address you provided. Click on the link to complete the registration process.
Page for opening a Korbit account
It is very important that you read all the broker’s terms and policies carefully when applying. Proceed only if you fully understand and agree to them.
Korbit Summary
Korbit is a cryptocurrency exchange operating out of Korea that provides traders with intuitive web and mobile trading platforms for exchanging various digital assets. There is a range of trading tools and educational resources available on their website to help traders. However, they are not regulated, which might discourage most potential traders and investors from opening an account with them.
Trading cryptocurrencies carries significant risks. There can be price fluctuations that can cause the value of your assets to rise or fall at any given time. Any currency, virtual or not, can be subject to large fluctuations in value and can even become worthless. You should not risk an amount that you cannot afford to lose.
Min $1 Deposit
Korbit is a Korean Cryptocurrency exchange that offers traders an online platform for buying, selling & storing Bitcoin, Ethereum, Litecoin, Ripple & other Cryptos.
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Min $100 Deposit
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