Review on Korbit by Olugbenga Ajayi
Korbit exchange charges fair transaction fee
Korbit is an exchange based in Seoul, South Korea. Like other exchanges in South Korea, Korbit is not regulated despite the fact that it has been in operation since 2013.
The exchange featuree 11 pairs including the local flat currency, KRW. The crypto assets paired with KRW are Bitcoin, ethereum, litecoin, XRP and six others.
The trading fees to be paid in this exchange depends solely on the volume of trade places within a month. It varies between 0.1% - 0.2%. The same goes for the withdrawal fee.
The exchange does not have a downloadable app although the web based platform is viewable on mobile devices.
The exchange need to improve on their security profile. Until now, it is still using only password authentication which I believe is too cheap for heat security. Also, the interface should have a button that can toggle between English language and Korean. Apart from these. The exchange is fair.
Pros
- It is a multi crypto exchange
- It support the local currency and pairs it with each of the digital asset supported
- It makes exchange of KRW with digital asset convenient in the region
- The transaction fee is fair
Cons
- It is not regulated nor licensed
- It doesn't have a mobile app
- It does not offer bonus or promotion
- This website doesn't have a button for changing between languages
New products
Comments (1)
November 26, 2020
Though this crypto exchange support number of cryptocurency, i should have love the exchange support mobile application for easy trading. In my opinion not licensed is not going to be used to measure it performance because we have some well-known crypto exchenge that not licensed.
