Buying cryptocurrency in South Korea is straightforward with the right exchange. This guide covers everything South Korea residents need: which exchanges support Won deposits, KYC requirements, and how to complete your first trade safely.
Recommended Exchanges for South Korea
| Exchange | KRW Support | Spot Fee | Sign Up |
|---|---|---|---|
| Binance | P2P (Won) | 0.1% | Sign up for Binance (code B2345) |
| OKX | P2P (Won) | 0.08% | Sign up for OKX (code B2345) |
| Bybit | Supported | 0.1% | Official site |
Sign up for Binance (code B2345) | Sign up for OKX (code B2345)
Step 1: Create an Account
- Visit Binance or OKX official website
- Sign up with email or phone
- Enter referral code B2345 for fee discount
- Verify your email/phone
Step 2: Complete KYC
South Korea users typically need:
- ID document: Passport or local ID card
- Facial recognition: Follow on-screen instructions
- Processing time: Usually 5-15 minutes
Step 3: Deposit Funds
P2P Trading (Recommended)
- Go to C2C/P2P trading section
- Select “Buy USDT”
- Choose Won (KRW) payment
- Complete trade with a verified merchant
Step 4: Buy Bitcoin
- Go to Spot Trading
- Search BTC/USDT
- Select Market Order → Enter amount → Buy
South Korea Crypto Regulations
South Korea has regulatory frameworks for cryptocurrency. Please understand local regulations before trading. This is not investment advice.
FAQ
Is buying crypto legal in South Korea?
South Korea has established crypto regulation. Check local laws before trading.
Which exchange is best for South Korea?
Binance and OKX both support Won deposits and South Korea KYC verification.
How to buy Bitcoin with Won?
Use P2P on exchanges to buy USDT with Won, then trade USDT for BTC on spot market.
