Review on Korbit by Kehinde Oluwakemi
Korbit Exchange Is For Korean Crypto Traders And Investors.
Korbit is one of the oldest Cryptocurrency Exchange platform in south Korea that allow buying and selling of cryptocurrencies using korea fiat Currency (KRW). Although korbit is not regulated but it is reliable and trustworthy because it has no negative report from the users.
Korbit has more than 25 trading pairs and all the cryptocurrencies was paired with KRW. It's a browser base application, not available on mobile Platform. It has intuitive interface that allow traders to trade comfortably
Korbit charge competitive fee although not flat, it charge 0•08% and 0•20% on makers and takers respectively. It accept credit cards and bank transfer for both deposit and withdrawals method. It has customer support that can be reach through phone and email. It website was translated in korea and english language, meanwhile the english translation webpage is bad which is not good for english speaking trader.
In conclusion, Korbit Is a south Korea base Cryptocurrency Exchange and the first to offer buying and selling of cryptocurrencies using fiat Currency on korea. Because Only korean money was accepted as the local currencies on the trading platform, I can tell you that Korbit exchange focus more if not completely on korean crypto traders and investors. They can buy and sell conveniently, they can withdraw fiat comfortably.
Pros
- Is a multi Cryptocurrency Platform
- It has intuitive interface
- Korean can withdraw into bank account comfortably
- Korean can buy and sell crypto with fiat conveniently
- It is reliable, trustworthy and secure.
Cons
- Only KRW was accepted as fiat Currency
- No mobile application
- Not regulated
- It has bad english translation
