Korbit

What is Korbit?

Korbit is a South Korean digital currency trade that allows clients to purchase, sell, and exchange cryptographic forms of money like Bitcoin, Ethereum, and others. The platform was established in 2013 and has since become one of the leading digital currency trades in South Korea.

As well as offering an assortment of cryptographic forms of money, Korbit likewise provides a scope of services, like secure storage for clients’ computerized assets and tools for overseeing and following their investments.

Where is Korbit located?

Korbit is situated in Seoul, South Korea. It was one of the primary cryptographic money exchanges in the nation and has since secured itself as a main stage for purchasing, selling, and exchanging digital currencies in South Korea.

Korbit’s headquarters are in Seoul, the capital city of South Korea.

Who created Korbit?

Louis Kim, Kangmo Kim, and Tony Lyu established Korbit in 2013. Lyu was the organization’s CEO, while Kangmo Kim was the CTO. The three fellow co-founders have foundations in finance and innovation, and they saw the potential for digital currency to alter the financial industry. They started Korbit, determined to make it easier for individuals to purchase, sell, and exchange digital currencies and to assist with carrying the advantages of cryptographic money to a more extensive crowd.

Since then, Korbit has developed to become one of the leading digital money exchanges in South Korea. The current CEO of Korbit is Sejin Oh.

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Who owns Korbit?

A consortium of financial backers, including SoftBank Ventures Asia, Pantera Capital, and others, recently claimed the organization. In 2017, Korbit was procured by Nexon, a South Korean gaming firm, at a revealed cost of around 90 billion won (roughly 80 million USD at the hour of obtaining).

Since its acquisition, Nexon has been the majority proprietor of Korbit.

Is Korbit safe?

The safety of your assets on a digital money trade like Korbit relies upon a few variables, including the safety efforts carried out by the platform, your security practices, and the general security of the digital money market.
Korbit has conducted different safety efforts to safeguard its clients’ resources, like two-factor verification, SSL encryption, and secure storage of users’ digital resources in cold wallets. The stage utilizes illegal tax avoidance and know-your-customer (KYC) measures to assist with forestalling fraud and guaranteeing the authenticity of its clients.

Is Korbit legit?

Korbit is a trustworthy digital currency trader working in South Korea beginning around 2013. The stage is known for its safety efforts and easy-to-use interface and has severe strength areas for South Korean digital currency clients.

Overall, Korbit is viewed as legitimate and secure for purchasing, selling, and exchanging digital currencies in South Korea.

Is Korbit available in US?

Korbit is not accessible to users in the USA. The exchange was principally centered around serving the South Korean market and didn’t offer its services to clients in the US since its program language is Korean and its currency is KRW.

Pros and Cons of Korbit

These overall upsides and downsides of the Korbit review might change depending on individual requirements and conditions.

It is generally essential to survey the cryptocurrency market thoroughly and talk with a financial consultant before pursuing any venture choices.

How to buy crypto on Korbit

1. Create an account on Korbit
   • To purchase cryptocurrency on Korbit, you’ll have to make a record on the platform. This includes giving essential individual data, for example, your name, email address, and telephone number, and checking your personality utilizing a government-provided ID.
2. Fund your account
   • Whenever you’ve made your record on Korbit, you’ll have to fund it to purchase cryptographic money. Korbit supports a few techniques for financing your record, including bank transfer, credit card/debit card, and other payment options. Pick the option that is generally convenient for you and follow the instructions to deposit assets into your Korbit account.
3. Purchase digital money
   • With your Korbit account now created, you’re ready to purchase digital money. To do as such, explore the “Buy/Sell” page of the platform, select the digital currency you wish to purchase, enter the sum you wish to buy, and affirm the exchange. Your bought digital currency will then be credited to your Korbit record, and you can follow its value and exchange it as you see fit.

How to buy Shiba Inu on Korbit

To purchase Shiba Inu (SHIB) on Korbit, you should make an account and go through identity verification. Then store assets in the record, find Shiba Inu on the exchanging page, submit a request and affirm the details, and track your SHIB balance. To put in an order, you can pick a market order that executes right away or a cutoff request where you set a particular price.

What coins does Korbit support?

Korbit upholds various cryptographic forms of money, including Bitcoin, Ethereum, and others. However, the specific list of upheld coins might change over the long run.

What you could purchase on Korbit: On Korbit, you can purchase an assortment of digital currencies, including Bitcoin, Ethereum, Ripple, and others.

How to deposit on Korbit

To deposit assets to your Korbit account, you’ll initially have to sign in to the platform using your email.

1. Select Payment Method
   • You’ll have to pick a deposit method when you’re signed in. Korbit supports a few strategies for storing funds, including bank transfer, Visa, and other payment methods. Essentially select the technique that is generally helpful for yourself and adhere to the guidelines given.
2. Deposit
   • With your deposit method chosen, you can start the deposit by entering the sum you wish to store and adhering to the guidelines given. The process will differ according to the technique you pick; however, it commonly includes confirming the deposit and trusting that the assets will be credited to your Korbit account.
3. Confirm
   • When the deposit has been handled, you should get an affirmation from Korbit and see the assets credited to your record balance. You can confirm this by checking your record balance on the Korbit platform.

How to withdraw from Korbit

To withdraw assets from your Korbit account, you’ll initially have to sign in via email.

1. Select Sell
   • Before you can pull out assets from your Korbit account, you’ll have to learn how to sell on Korbit or any digital currency you bought on the stage. To do as such, explore the “Buy/Sell” segment of the stage, select the digital money you wish to sell, enter the sum you wish to sell, and affirm the transaction. The returns from the sale will be credited to your Korbit account balance.
2. Select Withdraw Options
   • Whenever you have sold your digital currency and have funds credited to your Korbit account balance, you can start a withdrawal by choosing your preferred method. Korbit upholds a few techniques for pulling out reserves, including bank transfer and other payment strategies. Just select the technique that is generally helpful for yourself and adhere to the guidelines given.
3. Confirm
   • When the withdrawal has been completed, you should get an affirmation from Korbit and see the assets credited to your financial balance or other installment technique. You can confirm this by checking your record balance on the Korbit stage and your account or payment method.

With your withdrawal technique chosen, you can start the withdrawal by entering the sum you wish to pull out and adhering to the guidelines given. The withdrawal cycle will shift contingent upon the technique you pick; however, includes typically affirms the withdrawal and trusts that the assets will be credited to your financial balance or another payment strategy.

How to stake on Korbit

To stake on Korbit, you should make an account and check your identity, store/deposit funds, find staking-supported digital money, hold a base amount of the digital money in your record, begin staking, and monitor your rewards. The staking process typically includes securing your digital currency for a predetermined timeframe in return for staking rewards, typically paid as extra coins.

What is Korbit API?

Korbit API (Application Programming Interface) is a bunch of rules and conventions that allow developers to access specific features and information from Korbit’s cryptographic money platform.

With the Korbit API, designers can build apps and services that interact with Korbit, for example, automated exchanging bots, cost-following devices, and other digital money-related applications.

Korbit Review

Review and basic information of Korbit are as follows.

Crypto Exchange Basics	Korbit
Official Name
Exchange Representative (Founder)
Headquarters Location
Korbit Launch Date	1970-01
Number of Tradable Crypto Pairs	Pairs
Weekly Visits	0 Users
Overall Rating	⭐ / 5.0

The rating result at the top is the result of Coin-Labs.com's overall evaluation of Korbit.
Korbit was rated in seven categories: fees, diversity and quality of the services provided, security capabilities, etc.

Korbit Fee 2024

The fees charged to you for transactions at Korbit are as follows.

Maker/Taker Fees	Korbit Transaction Fees
Spot Maker Fee	No Service Provided
Spot Taker Fee	No Service Provided
Derivatives Maker Fee	No Service Provided
Derivatives Taker Fee	No Service Provided

The fees shown in the table above are Korbit transaction fees charged to a regular user.

Korbit Trading Volume

Trading Volumes of Korbit are as follows. (Based on CoinMarketCap 2024-11-24 06:15:52 data)

Trading Volume Items	Korbit Trading Volume
Daily Trading Volume (24h)	0 KRW
Weekly Trading Volume (7d)	0 KRW
Monthly Trading Volume (30d)	0 KRW
Daily Volume Change (24h)	0.00%
Weekly Volume Change (7d)	0.00%
Monthly Volume Change (30d)	0.00%

Communicate with Korbit

You can check exchange's messenger and SNS information in the table below.

Types	URL
🐦 Twitter
🎺 Messenger

FAQs