South Korea

Regulatory Policy
Loose
GDP (USD)
1640.00B
Population
51.82 M
Exchange Registration
62
Exchange Business
257
Exchange Field Survey
0

Trading environment analysis

This country only receives a moderate score on our filters because of some of the laws they have regarding cryptocurrencies. For the most part, users are free to use digital currencies for the exchange of goods and services without worry. While the government is monitoring these transactions, they really only care about purchases made using illicit goods, and if you stay clear of this area then you will be safe.

The demand for crypto in the country is huge. So huge in fact that many coin or token holders rejoice if they find out their asset will be listed on a major Korean exchange because it undoubtedly means more trading volume. While the population of the country is not enormous, their interest in this space certainly is.

It's estimated that Korean contribute to some 30% of the overall crypto market, a huge percentage. That's why it seems that their government is starting to sweat a bit when it comes to South Korea cryptocurrency regulation. Thanks to some bad press due to some unsavory exchanges, it seems they will be working on a pretty serious crackdown here.

This includes exchanges and token sales, and these regulations could negatively impact the number of blockchain companies that want to exist within their borders. They have also banned any investment funds from dealing in Bitcoin or other cryptocurrencies. A huge blow to a potentially huge market.

Exchange
Score
Established
Influence
Details
1
coinbase
9.16
10-15 years
A
2
bitFlyer
8.87
5-10 years
AA
3
bitbank
8.83
5-10 years
A
4
Coincheck
8.81
10-15 years
A
5
BINANCE
8.77
5-10 years
AAA
6
GMO
8.72
5-10 years
AA
7
GEMINI
8.70
5-10 years
AA
8
Bitstamp
8.64
10-15 years
AA
9
BINANCE US
8.59
2-5 years
AAA
10
UPbit
8.57
5-10 years
AAA
11
Zaif
8.50
5-10 years
B
12
SBI
8.48
5-10 years
B
13
OKCOIN
8.44
10-15 years
A
14
COINLIST
8.26
5-10 years
A
15
Rakuten Wallet
8.21
5-10 years
B
16
HTX
8.13
10-15 years
B
17
bitkub
8.12
5-10 years
A
18
BITPOINT
8.07
5-10 years
B
19
OKEX
8.06
2-5 years
A
20
PAXOS
7.97
10-15 years
A
Regulators
Regulated Exchange
2
KISA
bittop
Details

A Site Visit to the Cryptocurrency Exchange bittop in Seoul, South Korea to Find Its Real Business Premises Here

The investigators went to Seoul, South Korea to visit the cryptocurrency exchange bittop. According to its public business address, they could find the office of the exchange, indicating that the cryptocurrency exchange bittop has a real business site. Investors are advised to make a choice after comprehensive consideration.
Good
South Korea
Feb 3, 2021
COIN2X
Details

A Site Visit to Cryptocurrency Exchange Coin2x in Seoul, South Korea, with no Real Business Venue

The investigators went to Seoul, South Korea to visit the cryptocurrency exchange Coin2x. They did not find the exchange's office on the publicly displayed address, which meant that the exchange might not have a real business venue here.Investors are advised to choose this exchange carefully.
Danger
South Korea
Feb 3, 2021
COINIS
Details

A Visit to the Cryptocurrency Exchange COINIS in Seoul Korea-- Office Confirmed Existed

The investigators went to Seoul, South Korea to visit the cryptocurrency exchange COINIS. The office of the exchange can be found on its publicly displayed business address, which means that the cryptocurrency exchange COINIS has a real business venue. Investors are asked to make a choice after comprehensive consideration.
Good
South Korea
Feb 3, 2021
COREDAX
Details

A Site Visit to cryptocurrency exchange COREDAX in Seoul, South Korea, there is a real business venue

The field survey personnel visited the cryptocurrency exchange COREDAX in Seoul, South Korea. The logo can be clearly seen on its publicly displayed address. That is, there is a real business venue for cryptocurrency exchange COREDAX. Investors are advised to choose this exchange carefully.
Good
South Korea
Feb 3, 2021
Oasis Exchange
Details

A Site Visit to oasisexc in Seoul, South Korea - No Real Business Address

The investigators visited the cryptocurrency exchange oasisexc and did not find its office at the publicly displayed address, which means oasisexc may not have a real business office in Seoul, South Korea. Investors are advised to choose this exchange carefully.
Danger
South Korea
Feb 2, 2021
bitinus
Details

Visiting bitnius in Seoul, South Korea – Real Business Address

The investigation team went to Seoul, South Korea to visit bitinus. The logo of the exchange can be found on its publicly displayed address, which means that business address of bitinus is real. Investors are advised to choose this exchange prudently.
Good
South Korea
Feb 1, 2021
Dove Wallet
Details

A Site Visit to Dove Wallet No Real Business Office

The survey team confirmed after the on-the-spot visit that there is no office of Dove Wallet at the address mentioned in the regulatory information. Please choose carefully.
Danger
South Korea
Feb 1, 2021
Hanbitco
Details

Onsite visit to cryptocurrency exchange Hanbitco in Seoul - business venue doesn’t exist

The investigators went to Seoul for a visit to the cryptocurrency exchange Hanbitco and confirmed that its office may not exist at the alleged office building. Investors are advised to choose this exchange carefully.
Danger
South Korea
Jan 28, 2021
CITEX
Details

A Site Visit to the Cryptocurrency Exchange CITEX in Seoul, South Korea, with no Real Business Venue Found

The investigators went to Seoul, South Korea to visit the cryptocurrency exchange CITEX. On the publicly displayed address, they did not find the office of the exchange, which meant that the cryptocurrency exchange CITEX might not have a real business venue. Investors are advised to choose this exchange carefully.
Danger
South Korea
Jan 28, 2021
Coinbit
Details

A Site Visit to Cryptocurrency Exchange Coinbit in Seoul Its Business Address Does Exist

The team members went to visit the cryptocurrency Exchange Coinbit in Seoul on site. Coinbit’s logo can be seen on its publicly displayed address, which means that Coinbit has a real business address. Pitifully, the team members were unable to visit Coinbit in its office. Hence, Coinbit’s office scale remains unknown to us. Investors may make their decisions after full consideration.
Good
South Korea
Jan 28, 2021
  • 1
  • 2
  • 3