HOW TO BUY BITCOIN IN SOUTH

KOREA

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Presented by: Smart Bitcoin Investments

We Want To Teach The World How To Invest In Cryptocurrency

Author: Jeffrey Ito

www.smartbitcoininvestments.com

2021 Lithium Gold Ventures, LLC

All Rights Reserved.

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Table Of Contents

Table Of Contents 3

How To Buy And Sell Bitcoin In South Korea 4 1. Bitcoin ATM 5 2. Bitcoin trading platforms 5

1. Coinmama 5 2. Kraken 6 3. Paybis 6 4. Korbit 6 5. Localbitcoins 7 6. Coinplug 7 7. eToro 8 8. Binance 8 9. OKCoin 8

South Korea 10 Cities In South Korea 12

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How To Buy And Sell Bitcoin In South Korea

The Bitcoin situation in South Korea is slightly skeptical for the past decade, but things have finally begun to move south in South Korea. In 2018, a survey conducted in South Korea showed a very substantial number of citizens agreed on shutting down cryptocurrencies. According to the study, 42.8% of citizens decided to shut down the cryptocurrency network throughout the country. But tables have turned well since then. At the start, the South Korean Government was confused about setting rules and regulations for the general public. The Cryptocurrencies, including Bitcoin, were lying somewhere in a grey area. These were considered neither a financial asset nor currency, but now things have changed. Bitcoin is pretty exciting in South Korea; just in the past year, there is a massive increase in active Bitcoin trading. In the last year of December, Over 21% of the world's overall Bitcoin usage happened in South Korea. And it is no surprise with the presence of the world's high-end internet and cutting-edge technology has made it possible to endure the highest crypto mining facilities than the rest of the world. South Korea's revolutionization has opened up new gates for the better and more

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deeply rooted for commercial and individual purposes. Here we will list some of the possible best ways to grab your hands on sensitive businesses like Bitcoin dealings.

1. Bitcoin ATM Bitcoin is just like standard currency, you should be able to perform transactions, and it has to be manageable like regular cash. So there must be infrastructure to manage. Fortunately, South Korea does not lack any of these, unlike some underdeveloped or even developing countries. There is a proper channel for Bitcoin ATM so you can access or virtual currency at any time around on the go. However, you can draw the paper's currency which is a handful and meaningful purpose of digital currency. Bitcoin ATM is installed and functional in most of the significant cities and efficiently. Bitcoin itself offers such restrictions in use. The only condition is that you can spend a maximum of $200 per transaction, and you are allowed to make three transactions per day. The machines are also produced and managed locally with government support, which means that the network is here to stay. Though the Government has clearly said, they are not regulating Bitcoin. Bitcoin ATMs installed are two-way operational, which means you can make withdrawals and cash and sell bitcoins simultaneously. Though bear in mind it doesn't support credit card facilities, the slot is just for the display and look of a regular atm. It doesn't work in actuality, and the fee is relatively high compared to the Bitcoin platforms listed below.

2. Bitcoin trading platforms Bitcoin ATMs sure are a handy feature to use, but they can not match the freedom and usability of having a dedicated app to control, navigate and perform transactions worldwide. And the South Korean Government also does allow the use. Here is the list of top Bitcoin trading platforms that allow the use of Bitcoin in South Korea.

1. Coinmama You might see Coinmama ranked high in many other Bitcoin-related subjects on the same website or others. The reason is Coinmama provides its support worldwide which means you can access your funds from anywhere around the globe. The major drawback big buyers may experience using Bitcoin ATMs is there a high fee and limited transaction. Both of these deteriorate the user experience in general. These general problems have a particular solution which is Coinmama. Coinmama has shallow fee charges per transaction along with the highest limits for Bitcoin purchase. Coinmama also shares a remarkable record of trust and authentication.

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Every good thing comes with something its demerits. Customer support is something you will find lacking aside from all of its glory and greatness. Customer support lacks when you have to handle too many queries daily, and it is pretty natural when you have a consumer base in seven figures.

2. Kraken Kraken shares the scoreboard among the top players of the big players of this market. It has some of the lowest offerings in terms of transaction costs. It cost you somewhere between 0.25%, which is inversely related to your trading volume. It may fall even as low as 0% with sufficient work, which is merely bending. It also shares the same high limits for transactions as Coinmama, which is always lovely. The load-up speed is pretty fast too, and it won't take much time either with the withdrawals and deposits. The app itself may feel gimmicky for some users but for technical users who want full horsepower from their apps, and it is a treat. You have all of the necessary information right up on the shelves. Kraken is a very trusted platform that requires ID verification, which is suitable for the app itself, but at the same time, it may be off for some people who want to stay anonymous throughout.

3. Paybis Paybis holds an extensive crypto network in most countries. It has access to 180 countries. The customer support is also generous, and there is even an option for 24/7 live support from Paybis. Limits for Bitcoin transactions are very flexible, and it's a win-win for high players. The verification process is straightforward and quick, so you won't have to wait for weeks to get adequately verified. Withdrawals and deposits are speedy, and it even allows direct deposit and withdrawal options, much like the best Bitcoin trading platforms of the market. It comes in a convenient app that has impressive gestures and navigation to keep you engaged and informative. Payment methods of Paybis are widely distributed between bank transfers, debit/credit cards, and several e-wallets are also allowed. Paybis is safe and reliable, but there should be more than that to call it the perfect Bitcoin dealing app. None the less it has all of the features a Bitcoin trading app should have. Big players might miss because it doesn't offer the traditional order book to ease advanced level traders.

4. Korbit Korbit holds the largest market in South Korea, which alone speaks for its outstanding quality. Liquidity is exceptional on Korbit, which means you can convert your Bitcoins to instant cash

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anytime soon. The bonus is it offers a rate close to the market price, which is very reasonable. Security thresholds of Korbit are very secure and private, which means that your sensitive information and credentials are safe and worthwhile. Korbit offers one of the best value services to test users, and hence there is a remittance service available. The app is easy to use, but it may take some time to learn. The one department Korbit seriously lacks the payment options. And the overall mechanism of the app can be hard to use, especially for the first time. The wallet offered by Korbit has a hard-to-store bitcoin in it, so it is a bit of a trade-off.

5. Localbitcoins Local bitcoin is an escrow service that allows users to look around local buyers and sellers, much like when you want to sell something or buy something, you may head towards a classified ad program. It follows the same procedure of going through the buyer and sellers' list and choosing your personal preferences, and closing the deal in person. This may be one of the fastest, enjoyable and private methods since you don't have to put in your credentials and regularly perform bank transactions. You can quickly purchase with the person once selected; both buyer and seller accept the transaction mode. There are a few things you should have in your mind before opting for LocalBitcoins. One of the main concerns is you have to be very careful in your dealings because there is a very high chance of getting scammed. It is hard to find the right person who has many Bitcoins to sell high volume. Apart from that, the transaction charges are relatively high for such a simple procedure.

6. Coinplug Coinplug is a South Korea-based Bitcoin trading platform that has fascinating things going on here. It has a virtual bank of its own where you can deposit your amounts and then buy Bitcoins from there. It is not an e-wallet or cold storage, but it is an actual virtual bank account. It also allows okBitcard services to buy bitcoin vouchers from a wide range of ATMs, mini stops, etc. This method is pretty secure because it did need any specific credentials apart from your phone number. Coinplug, in general, has a low fee among its rivals and can even get as low as 0% on substantial volume tradings. The overall app response is excellent, and it is super easy to use. The payment options are adequate, along the time for payment processing is good too. It requires verification of IDs which may be problematic for some buyers who want to stay anonymous. The interface is easy, but virtual bank and navigation complications can be hard for new users, but you can learn quickly. Virtual bank accounts have complex restrictions for payments taking more than 24 hours.

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7. eToro Suppose you want a Bitcoin trading app that performs well in all segments and is easy on your hands; eToro is your way to go. It offers educational insights to its users in a very interactive way to promote the user's ability to judge and invest in Bitcoin. Apart from educational tools, there are dedicated portals for social, analytical, and political means to help you on the go. Payment charges are low, and it even supports the option of a variety of payment methods, including e-wallets and third-party applications. eToro is a very versatile and dynamic platform that can handle your Bitcoin fiver in a very manageable way. eToro doesn't let you down in any segment. The customer support is average but not bad. And it is the only downside of eToro so far, which is impressive. eToro is not emerging as a very fierce market capture, and there is a visible trend of buyers shifting to this platform because of its usability and user experience.

8. Binance Binance is the world's most critical online cryptographic exchange by trading volume. As the world's most significant crypto exchange, Binance Coin passes on its clients with a full set-up of commitments. It comprehends the client's level, changes the technicality as needed, and makes it simple for fledgling financial backers with definite market surveys and experiences. The two of which helps in choosing Bitcoin contributing freedoms. Binance offers an exceptionally ostensible charge, and the installment strategy is generally simple to adapt. Reliable banking techniques, e-wallets, and third-party payment gateways. The installment strategy will suit you regardless of what way you go. For some users, the verification process may get stuff up because it requires a very authentic and viable verification for your IDs. The verification process is challenging for some buyers to disclose private information. On the other hand, it ensures a very safe, professional, and reliable environment to book for your worthy investment.

9. OKCoin OkCoin is Chinese based Bitcoin trading forum that holds its ground with the rest of the competition. Please don't fall for the Chinese branding; it has the ability and user experience to beat any European bitcoin trading app. The SSL level encrypted channels make your credentials and account safe from hackers, which is the main concern for many Bitcoin trading firms. Payment options are limited here, but the transaction fee offers relief. Unlike waiting for days in some trading as mentioned above platforms, OKCoin provides a very brief hearing of

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queries. You may get a customer response within one hour which is impressive. Liquidity options are plentiful, allowing you to hold more without concerns about selling it off at cheaper rates. Despite all the merits, there is a demerit. OKCoin may require a little more time for the verification process, and some of you might don't even want to follow the verification route.

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South Korea

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Country South Korea

Capital Seoul

Total Number of Bitcoin ATMs

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Webpage https://www.smartbitcoininvestments.com/buy-bitcoin-in-south-korea/

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Cities In South Korea

City Page # of Bitcoin ATMs

Andong https://www.smartbitcoininvestments.com/buy-bitcoin-in-andong/ 0

Ansan-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-ansan-si/ 0

Anyang-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-anyang-si/ 0

Asan https://www.smartbitcoininvestments.com/buy-bitcoin-in-asan/ 0

Bucheon-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-bucheon-si/ 0

Busan https://www.smartbitcoininvestments.com/buy-bitcoin-in-busan/ 0

Changwon https://www.smartbitcoininvestments.com/buy-bitcoin-in-changwon/ 0

Cheonan https://www.smartbitcoininvestments.com/buy-bitcoin-in-cheonan/ 0

Cheongju-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-cheongju-si/ 0

Chinju https://www.smartbitcoininvestments.com/buy-bitcoin-in-chinju/ 0

Chuncheon https://www.smartbitcoininvestments.com/buy-bitcoin-in-chuncheon/ 0

Daegu https://www.smartbitcoininvestments.com/buy-bitcoin-in-daegu/ 0

Daejeon https://www.smartbitcoininvestments.com/buy-bitcoin-in-daejeon/ 0

Gangneung https://www.smartbitcoininvestments.com/buy-bitcoin-in-gangneung/ 0

Gimcheon https://www.smartbitcoininvestments.com/buy-bitcoin-in-gimcheon/ 0

Goyang-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-goyang-si/ 0

Gumi https://www.smartbitcoininvestments.com/buy-bitcoin-in-gumi/ 0

Gunsan https://www.smartbitcoininvestments.com/buy-bitcoin-in-gunsan/ 0

Guri-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-guri-si/ 0

Gwangju https://www.smartbitcoininvestments.com/buy-bitcoin-in-gwangju/ 0

Gyeongju https://www.smartbitcoininvestments.com/buy-bitcoin-in-gyeongju/ 0

Gyeongsan-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-gyeongsan-si/ 0

Hanam https://www.smartbitcoininvestments.com/buy-bitcoin-in-hanam/ 0

Hongseong https://www.smartbitcoininvestments.com/buy-bitcoin-in-hongseong/ 0

Hwado https://www.smartbitcoininvestments.com/buy-bitcoin-in-hwado/ 0

Hwaseong-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-hwaseong-si/ 0

Icheon-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-icheon-si/ 0

Iksan https://www.smartbitcoininvestments.com/buy-bitcoin-in-iksan/ 0

Incheon https://www.smartbitcoininvestments.com/buy-bitcoin-in-incheon/ 0

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Jeju City https://www.smartbitcoininvestments.com/buy-bitcoin-in-jeju-city/ 0

Jeongeup https://www.smartbitcoininvestments.com/buy-bitcoin-in-jeongeup/ 0

Jeonju https://www.smartbitcoininvestments.com/buy-bitcoin-in-jeonju/ 0

Kimhae https://www.smartbitcoininvestments.com/buy-bitcoin-in-kimhae/ 0

Kwangmyong https://www.smartbitcoininvestments.com/buy-bitcoin-in-kwangmyong/ 0

Kwangyang https://www.smartbitcoininvestments.com/buy-bitcoin-in-kwangyang/ 0

Masan https://www.smartbitcoininvestments.com/buy-bitcoin-in-masan/ 0

Mokpo https://www.smartbitcoininvestments.com/buy-bitcoin-in-mokpo/ 0

Namyangju https://www.smartbitcoininvestments.com/buy-bitcoin-in-namyangju/ 0

Osan https://www.smartbitcoininvestments.com/buy-bitcoin-in-osan/ 0

Pohang https://www.smartbitcoininvestments.com/buy-bitcoin-in-pohang/ 0

Sejong https://www.smartbitcoininvestments.com/buy-bitcoin-in-sejong/ 0

Seogwipo https://www.smartbitcoininvestments.com/buy-bitcoin-in-seogwipo/ 0

Seongnam-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-seongnam-si/ 0

Seoul https://www.smartbitcoininvestments.com/buy-bitcoin-in-seoul/ 0

Suncheon https://www.smartbitcoininvestments.com/buy-bitcoin-in-suncheon/ 0

Suwon https://www.smartbitcoininvestments.com/buy-bitcoin-in-suwon/ 0

Tonghae https://www.smartbitcoininvestments.com/buy-bitcoin-in-tonghae/ 0

Uijeongbu-si https://www.smartbitcoininvestments.com/buy-bitcoin-in-uijeongbu-si/ 0

Ulsan https://www.smartbitcoininvestments.com/buy-bitcoin-in-ulsan/ 0

Wabu https://www.smartbitcoininvestments.com/buy-bitcoin-in-wabu/ 0

Wonju https://www.smartbitcoininvestments.com/buy-bitcoin-in-wonju/ 0

Yangju https://www.smartbitcoininvestments.com/buy-bitcoin-in-yangju/ 0

Yeosu https://www.smartbitcoininvestments.com/buy-bitcoin-in-yeosu/ 0