Today we will talk about the Korbit exchange. In this article, we will talk about how to open an account on the Korbit, its merits demerits, public opinion, fees, how to trade on Korbit and in the end answers to frequently asked questions from user’s point of view. Korbit is one of the biggest exchange in South Korea with higher BTC and soon it will have higher Ether volumes too. Korbit established in 2013, and it is working successfully since 2013 up-till now. The founders of Korbit exchange are Louis Jinhwa Kim, Kangmo Kim, and Tony Lyu. Korbit is also one of the oldest exchange. The exchange built its strong reputation over the years, mainly because of trading BTC/KRW pair for the first time in the history. It supports many currencies of the market. The mission of Korbit exchange is to enable the free flow of liquidity by using new technologies such as Blockchain. Their purpose is to provide users a world where users can interact with each other freely, without sacrificing their convenience and security. Korbit team wanted to utilize the technology for the development of the human at their most. The Nexon Company confirms that Korbit exchange is the second biggest cryptocurrency exchange of Korea. It contains the maximum amount of the value as compared to other exchanges. Korbit has raised $3.6M from few big investments. However, the concept of Korbit is to develop the Bitcoin, and Ethereum cryptocurrencies trade common in Korea. Korbit exchange is a good exchange for the users of Korea. But an international user has to face few difficulties while trading with Korbit because for depositing of funds via bank transfer a user must have a local bank account otherwise he cannot deposit funds via bank so; this is the issue otherwise Korbit is a solid platform for the exchange of cryptocurrencies.
Related reading, see: Top 10 Best Bitcoin and Cryptocurrency Exchanges 2018