Korbit - Crypto Exchange Details

USD Dollar - USD

Korbit is South Korea's first cryptocurrency exchange, founded in 2013 in Seoul by Tony Lyu and a team of engineers inspired by the early growth of Bitcoin. The exchange pioneered the introduction of Bitcoin trading against Korean Won (KRW), making digital assets accessible to Korean investors for the first time in a formal, regulated context. Korbit has played a foundational role in building South Korea's cryptocurrency industry, which has grown into one of the world's most active retail crypto markets.

The exchange offers spot trading for major cryptocurrencies including Bitcoin, Ethereum, Ripple, and other established digital assets, all paired against the Korean Won. Korbit provides a clean and reliable trading interface accessible via web and mobile applications, with order book depth and transaction history data that meet the expectations of Korean retail traders. The platform also maintains an API for developers and institutional participants who require programmatic access to market data and order execution.

Korbit's trading fee structure is 0.05% for both makers and takers, making it among the most competitive fee schedules of established Korean exchanges. The platform does not operate its own native utility token. KRW deposits and withdrawals are facilitated through partnerships with Korean banks, including integration with KRW virtual accounts tied to user profiles, which is the standard model for compliant KRW crypto trading in South Korea under FSC and KFIU regulatory requirements.

Security at Korbit is governed by Korean financial law, specifically the Act on Reporting and Using Specified Financial Transaction Information, which mandates real-name bank account verification (ISMS certification), strict KYC procedures, and AML compliance for all users. Korbit stores the majority of digital assets in cold storage, applies two-factor authentication, and conducts regular security assessments to maintain its ISMS (Information Security Management System) certification required by the Korean government for domestic cryptocurrency exchange operators.