24-Hour Trading Volume
- NT$468,935,350.15
- 148 BTC
👉 Explore Korbit's trading platform
About Korbit
What Is Korbit?
Korbit is a leading South Korean cryptocurrency exchange, established as one of the oldest and largest platforms in the industry. It offers competitive fees, access to popular crypto markets, secure asset management, and a trading API for automated transactions.
Designed primarily for South Korean users, Korbit supports KRW (Korean Won) transactions and features an intuitive interface optimized for both beginners and advanced traders. The platform also includes ETH 2.0 staking, an NFT marketplace, and a unique "Korbit Savings Jar" rewards program.
Key Features:
- Security: No reported hacking incidents; utilizes two-factor authentication (2FA).
- Supported Cryptocurrencies: BTC, ETH, XRP, BCH, SOL, USDC, ADA, and more.
- Fees: Maker (0.08%), Taker (0.20%), with discounts for high-volume traders.
Founder and History
Founded in 2013 by Tony Lyu, Kangmo Kim, and Lious Jinhwa Kim, Korbit was acquired by Nexon (a South Korean gaming company) in 2017. Current CEO: Oh Se-jin.
Geographic Availability
- Headquarters: Seoul, South Korea.
- Restrictions: Only available to South Korean residents; blocks Russian IP addresses (since 2022).
Market Data
Top Trading Pairs
| Rank | Coin | Pair | Price (NT$) | 24H Volume (NT$) |
|------|-------------|-----------|------------|------------------|
| 1 | USDT | USDT/KRW | 28.85 | 204,124,899 |
| 2 | XRP | XRP/KRW | 64.96 | 90,555,063 |
| 3 | Bitcoin | BTC/KRW | 3,148,852 | 65,782,860 |
| 4 | Ethereum | ETH/KRW | 74,236 | 46,377,886 |
FAQs
1. How do I deposit KRW into Korbit?
Deposits are free and can be made via bank transfer (South Korean banks only).
2. Does Korbit support margin trading?
No, Korbit does not offer margin or leveraged trading.
3. What are Korbit’s withdrawal fees?
- BTC: 0.0001 BTC per withdrawal.
- ETH: Dynamic fee based on network conditions.
4. Is Korbit safe?
Yes, Korbit employs advanced security measures, including 2FA and cold storage for funds.
5. Can international users access Korbit?
No, the platform is restricted to South Korean residents.
Summary
Korbit remains a dominant player in South Korea’s crypto market, combining user-friendly features with robust security. For traders seeking a localized platform with diverse coin support, Korbit is a compelling choice.