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Korbit
LICENSEDTier-3South Korea

Korbit

South Korean crypto exchange (est. 2013) licensed by FSC, FIU, and Shinhan Bank. Offers spot trading with KRW support.

5.0
Est. 2013 Visit website

Overview

Korbit is a South Korean cryptocurrency exchange founded in 2013. It is licensed by the FSC (Financial Services Commission), FIU (Financial Intelligence Unit), and partnered with Shinhan Bank for real-name accounts. Korbit offers spot trading with KRW support.

South Korea's Early Exchange

Korbit is one of South Korea's earliest crypto exchanges, operating since 2013 alongside Bithumb. It has been a consistent presence in the Korean crypto market.

Real-Name Account System

Korbit uses Korea's real-name account system in partnership with Shinhan Bank, requiring users to verify their identity through their bank account for KRW deposits and withdrawals.

Pros & Cons

Pros

  • One of South Korea's earliest exchanges (est. 2013)
  • FSC, FIU, and Shinhan Bank partnership
  • Spot trading with KRW support
  • Strong local market presence
  • Real-name account verification

Cons

  • Limited to South Korean residents
  • Real-name account system required
  • Limited cryptocurrency selection
  • Lower trading volume than market leaders

Services Offered

Spot

Frequently Asked Questions

Is Korbit regulated?

Yes, Korbit is licensed by the FSC (Financial Services Commission) and FIU (Financial Intelligence Unit) in South Korea, with a real-name account partnership with Shinhan Bank.

Can foreigners use Korbit?

Korbit primarily serves South Korean residents. Foreigners may face restrictions and need to verify their identity through a Korean bank account.

How long has Korbit been operating?

Korbit has been operating since 2013, making it one of South Korea's earliest cryptocurrency exchanges.

Key Facts

TierTier-3
StatusLICENSED
CountrySouth Korea
Founded2013
RegulatorsFSC, FIU, Shinhan
Visit Korbit
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