Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- many cryptocurrencies and coins are available for trading;
- fast and functional trading terminal is in the browser;
- good optimization, high speed of trades;
- profitable investments in Bitcoin and Ethereum;
- multichannel call center, operational support service;
- multilevel encryption system for data protection;
- low commissions for both trading and withdrawal of funds;
- Korbit is a leading South Korean cryptocurrency exchange, and one of the oldest in the world.
- only South Korean won may be exchanged for other fiats;
- no affiliate program;
- no demo accounts.
Korbit, a South Korean exchange, offers over thirty markets for trading cryptocurrencies and coins through the in-browser TradingView terminal. The company does not have a mobile application, but the site is perfectly optimized, making it comfortable to work with it on smartphones and other gadgets. Bitcoin (₿), Ethereum (Ξ), Ripple, BitcoinCash, Cardano, and many other cryptocurrencies are traded at the exchange. Commissions are below the market average, depending on the trading volume. At the first trading level, the maker's fee is 0.08% and the taker's fee is 0.2%. The platform is characterized by functionality, high speed of operation provides users with a modern level of security for funds and personal data. There are investments in the forms of classic Bitcoin and Ethereum staking and API for developers. The referral program has not been launched.
TU Expert Verdict
Korbit demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Crypto Exchanges Traders Prefer
Korbit User Reviews
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5-star
0%
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4-star
47%
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3-star
32%
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2-star
5%
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1-star
16%
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Korbit Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.7 /10Korbit received a 7/10 score for its trading fees. While Korbit is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Korbit trading fees?
We analyzed Korbit’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Korbit trading fees vs competitors
Korbit Nexus Trade CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.1 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.2 0.22 0.2 0.194 What are Korbit deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 0 Withdrawal fee, % 0.001 BTC 0.01 ETH Does Korbit offer P2P trading?
No, Korbit does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
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Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology9.8 /10Korbit has earned a rating of 9.8/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Government-regulated
- No successful hacks history
- 2FA
- Tier-1 regulation
- Cold wallet storage
- No facial recognition
- No investor protection fund
- Not U.S regulated
We also compared Korbit against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
Korbit Security Factors Korbit OKX Coinbase Tier-1 regulation YesNoYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesYes2FA YesYesYesFacial recognition NoYesNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoNoYesIs Korbit a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
Korbit is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Korbit is authorized or licensed in accordance with local regulations in the following regions: South Korea.
Is verification (KYC) mandatory at Korbit?
Yes, KYC verification is mandatory at Korbit. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is Korbit available in the USA?
Korbit is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Coinbase, Crypto.com .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.4 /10Korbit received a 4/10 rating for its deposit and withdrawal services. Korbit offers limited funding options and may charge fees, which could be inconvenient for many users.
- Bank transfers for deposits and withdrawals
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No Google Pay option
- No support for bank card payments
Deposit and withdrawal options
Korbit supports the following deposit and withdrawal options: Bank transfers, Crypto.
Korbit Deposit and withdrawal options vs competitors
Korbit OKX Coinbase Bank transfers YesNoYesBank card NoYesYesCrypto YesYesYesPayPal NoNoYesWhat is Korbit minimum deposit?
The minimum deposit at Korbit is 10000 KRW USD/USDT or 1 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Korbit minimum deposit vs competitors
Korbit OKX Coinbase Minimum deposit, USD or USDT 10000 KRW 10 10 Minimum deposit, BTC 1 5 1 Minimum trade amount, USD/USDT 10 1 2 Does Korbit support fiat money?
Korbit does not support fiat currencies; only cryptocurrencies are accepted.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.1.5 /10Korbit received a score of 1.5/10 in this category, indicating a modest offering of assets and markets. While Korbit covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Crypto options not available
- NTFs not available
Korbit supported coins and markets vs competitors
We compared Korbit with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
Korbit OKX Coinbase Supported coins 44 600+ 400+ Futures/Perpetual contracts NoYesYesOptions NoYesNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoNoPre-IPO Korbit passive income options vs competitors
We also compared Korbit with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
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Customer Support
Score:We evaluated Customer Support at Korbit based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria3.8 /10Korbit provides below-average customer support, with noticeable limitations in communication channels, service availability, or additional assistance resources.
During TU testing, the exchange received a relatively low score for support accessibility and responsiveness. Users may face difficulties obtaining timely assistance with account access, deposits, withdrawals, or trading-related issues.
- Support ticket system available
- 24/7 customer support available
- Comprehensive help center available
- Email support unavailable
- Phone support unavailable
Korbit Support Channels vs Competitors
Korbit OKX Coinbase Live Chat NoNoYesEmail Support NoNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support NoNoYesContacts Foundation date 2013 Registration address 7th floor, Junkyung Building, 111, Teheran-ro, Gangnam-gu, Seoul Official site https://www.korbit.co.kr/ Contacts info@korbit.co.kr
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FAQs
How safe and regulated is the Korbit cryptocurrency exchange?
Korbit has a safety score of 9.8/10, reflecting strong security measures and Tier-1, government-level regulation in South Korea. The exchange uses cold wallet storage and 2FA, has no history of successful hacks, but does not offer an investor protection fund or facial recognition.
What deposit and withdrawal methods and limits does Korbit offer?
Korbit supports deposits and withdrawals via bank transfers and cryptocurrencies, with no deposit fees and many cryptocurrencies available for funding. The minimum deposit is 10,000 KRW in USD/USDT equivalent or 1 BTC, and the minimum trade size is 10 USD/USDT.
What do user reviews and feedback say about Korbit?
Korbit has a user satisfaction score of 6.2/10 based on 19 reviews, indicating mixed impressions from users. According to user reviews, 47% of ratings are 4-star, 32% are 3-star, while 16% are 1-star and 5% are 2-star.
What coins and markets are available for trading on Korbit?
Korbit supports 44 cryptocurrencies and offers basic spot trading with fiat currency support and some additional products. The exchange does not provide futures, perpetual contracts, options, NFTs, tokenized assets, traditional finance perpetuals, prediction markets, staking, yield farming, or copy trading.
How effective is Korbit’s customer support service?
Korbit’s customer support has a score of 3.8/10, reflecting below-average accessibility and responsiveness in tests. The exchange offers a help center, a ticket system, and 24/7 support, but does not provide live chat, email, phone support, or multilingual assistance.
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