korbit Crypto Exchange Review: It Is Good Or Bad?

About korbit Crypto Exchange

korbit Crypto Exchange is a South Korea based cryptocurrency exchange that is operated by Korbit Inc. Its main target market is South Korea and exchanges using the South Korean Won (KRW). It has four core features: high amount of currency, security, reliability and customer support. It already lists a number of cryptocurrencies and keeps updating its lists. In terms of security.

Korbit tries to keep its customer and their funds safe, as well as to protect personal data. It has various security measures in place, like an offline cold wallet and also informs their clients extensively about possible risks. In terms of reliability, It has a lot of experience wherefore they offer secure systems and stable servers. Quick, reliable and qualitative good support is provided because customer support and satisfaction have a high priority. 

Etoro.com Exchange Basic Points

How To Start ?

How To Sign Up At korbit Crypto Exchange ?

It Is Very Easy To Sign Up At korbit Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At korbit Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At korbit Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Korbit Trading fees

korbit Crypto Exchange has a trading fee for takers set at 0.20%. This is in line with both the global industry average and the South Korean national average.

The exchange’s maker fees are lower than its taker fees, and are currently at 0.08%. This is a competitive advantage for compared to its South Korean competitors. When looking at the global industry average, The maker fees are substantially lower and constitutes a strong competitive advantage.

Korbit Withdrawal fees

Korbit charges a withdrawal fee amounting to 0.0001 BTC when you withdraw BTC. This is an extremely competitive fee, especially considering that the global industry average according to the research carried out by Wootfi.com, is slightly above 0.0006 BTC per BTC-withdrawal. Accordingly, the BTC withdrawal fee charged by this exchange is very competitive.

Deposit Methods

At korbit Crypto Exchange, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.

Security

Aside from basic password authentication, exchange does not provide any additional security features. While there is a security section to the account configuration page, it simply contains a setting to change where you land after logging in. You can select either your wallet page or the trading page[2].

Customer Service

What’s great is that here at Korbit.co.kr they offer 24-hour support from Monday to Sunday. Customers and can contact them through their customer support hotline 1661-9707 or send them an email at [email protected].