Korbit

Korbit Review 2025 – Is It a Safe Crypto Exchange?

Thinking of trading with Korbit? In this detailed review, we examine Korbit’s regulations, account types, trading fees, platforms, and more. By the end, you’ll know whether Korbit is a suitable exchange for your crypto trading needs in 2025.

Regulation & Safety

Korbit is one of South Korea’s oldest crypto exchanges and operates under strict local regulations, but it is not a bank and does not provide traditional deposit insurance.

• Registered with South Korea’s Financial Services Commission (FSC)
• Strict AML/KYC compliance and real-name bank accounts
• Cold storage for majority of user funds
• Two-factor authentication (2FA)
• Regular security and compliance audits

Account Types Offered

Trading Platforms

• Web-based trading platform with real-time order books
• Mobile apps for iOS & Android
• API access for automated and algorithmic trading
• Designed for compliance-focused and professional traders

Instruments You Can Trade

• Major cryptocurrencies including BTC, ETH, XRP, ADA, DOT
• KRW fiat trading pairs
• Crypto-to-crypto trading pairs
• Staking and earn products (availability varies)

Spreads, Fees & Commission

• Trading Fees: Typically up to ~0.2% per trade (may vary by volume)
• Deposit Fees: Crypto deposits free; KRW deposits depend on banking partner
• Withdrawal Fees: Crypto withdrawals subject to network fees
• Inactivity Fee: None reported

Security & Measures

• Cold wallet storage for most assets
• Two-factor authentication (2FA)
• Real-name verification and withdrawal protection
• Advanced encryption for user data

Deposit & Withdrawal Options

Customer Support

• Email and ticket-based support
• Help center and documentation
• Korean-language primary support
• Limited international support availability

Pros & Cons

Pros

• One of South Korea’s most established exchanges
• Strong regulatory oversight and compliance
• High security standards and cold storage
• KRW fiat support for local users
• API access for advanced traders

Cons

• Mainly focused on South Korean market
• No leverage or derivatives trading
• Limited fiat options outside KRW
• Fewer altcoins compared to global exchanges

Is Korbit Right for You?

Korbit is ideal if you want a highly regulated, security-focused crypto exchange in South Korea. It is best suited for Korean residents and traders who prioritize compliance, safety, and KRW fiat trading.

However, if you are looking for high leverage, derivatives, or broad global fiat support, you may want to consider international exchanges.

If you decide to choose Korbit:

Open Live Account with Korbit

Explore Korbit Trading Platform

FAQs About Korbit

Is Korbit regulated?
Yes. Korbit is regulated in South Korea and complies with FSC, AML, and KYC requirements.

What is the minimum deposit?
There is no minimum for crypto deposits. KRW deposits depend on bank policies.

Does Korbit offer leverage?
No. Korbit only offers spot trading without leverage.

How long do deposits and withdrawals take?
Crypto deposits are usually instant, while KRW bank transfers are processed the same day or within one business day.

Disclaimers

Cryptocurrency trading is high-risk and may result in loss of funds. Make sure you fully understand the risks before trading.