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Is Korbit a Good Crypto Exchange for Beginners?

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Is Korbit a Good Crypto Exchange for Beginners?

Updated: February 01, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Full Korbit
overview

Korbit's Top Features for Beginners

Korbit’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.

	Korbit	OKX	Kraken
Demo account
Minimum deposit, USD or USDT	10000 KRW	10	10
P2P exchange
Spot maker fee	0,1	0,08	0,25
Fiat transactions
Bank cards
Commissions and fees	7	9.25	6.2
Educational tools
Crypto bonuses
Staking
Copy trading
	Study review	Open an account Your capital is at risk.	Open an account Your capital is at risk.

Why We Focused on Comparing These Beginner-Friendly Features:

Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.

Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.

P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.

Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.

Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.

Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.

Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.

Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.

Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.

Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.

Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.

Short summary about the broker Korbit

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.

💰 Account currency:	Cryptocurrencies, KRW
🚀 Minimum deposit:	$1
⚖️ Leverage:	1:1
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies, KRW
💹 Margin Call / Stop Out:	No

Korbit Pros and Cons

👍 Advantages of trading with Korbit:

•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.

👎 Disadvantages of Korbit:

•only South Korean won may be exchanged for other fiats;

•no affiliate program;

•no demo accounts.

Trading Conditions for Korbit Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. Korbit offers traders the following conditions.

Minimum deposit, USD or USDT	10000 KRW
Futures leverage	Not allowed
Spot leverage
Coins Supported	44
Affiliate program
Replenishment / Withdrawal	Bank accounts, electronic and cryptocurrency wallets
Trading features	Lots of cryptocurrencies and coins, only South Korean won from fiat, no mobile app, profitable investment programs, low fees
	Study review

Korbit's Fees

We compared XXX's fees with the top two competitors to provide a clear understanding of how affordable the exchange is for its users.

	Korbit	OKX	Kraken
Spot Taker fee, %	0,2	0,1	0,4
Spot Maker fee, %	0,1	0,08	0,25
Futures Taker fee, %		0,05	0,05
Futures Maker fee, %		0,02	0,02
Withdrawal fee	0,001 BTC 0,01 ETH	0,0004 BTC 2,6 USDT	0,0005 BTC

The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Korbit commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.

Information

As with any other exchange, Korbit’s clients are divided into makers and takers according to the type of trades they carry out. The commissions for them differ. The asset and the size of the trade do not affect the amount of the commission. The only factor that determines it is the client's trading level.
The trading level directly depends on the total trading volume. There are several milestones, overcoming which the client moves to the next level and receives more favorable conditions. For example, for only registered users, a commission of 0.08% for a maker and 0.2% for a taker is relevant. Consequently, even at the first trading level, Korbit has objectively low fees.
At the maximum trading volume, there are no fees for the maker, and the taker's commission is only 0.01%. This is a unique offer for the crypto-exchange segment. Attention! When calculating commissions, trades for the last 30 calendar days are taken into account.

Account type	Spread (minimum value)	Withdrawal commission
Standard	Up to 0.2 % per order	Yes

Investment programs of Korbit

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Korbit offers the following passive income options.

The Korbit cryptocurrency exchange offers staking-type investment programs. Clients of the platform can provide their cryptocurrency assets for use by third parties while receiving a reward in the form of a certain percentage of the investment amount. Staking is possible because third parties are third-party blockchain projects require funds for development, which is why they enter into formal agreements with crypto exchanges.

Korbit scrupulously selects its partners, which is the main measure of protection against loss of deposits by investors. Investment programs are constantly updated. Typically, there is one operating program for Bitcoin and one for Ethereum. The terms are similar with the main difference being the asset the client makes the deposit in. Also, each program has a finite period of activity, and the deposit is returned to the investor after the expiration of the program or as soon as the required amount is collected.

The deposit is returned with interest. The average annual percentage is 5.6-6% of the deposit amount. Until the expiration of the program, the investor cannot withdraw his deposit or use it in trading or withdraw it. In general, the investment programs of the exchange are standard and have no conceptual differences from the offers of other platforms where staking is implemented.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

Korbit’s affiliate program:

The crypto exchange does not provide clients with the opportunity to passively earn money by inviting other users. Clients of the exchange can invite their friends and acquaintances to the platform, but they will not receive any advantages or bonuses for this. Some experts argue that if the exchange does not introduce a referral program, this is a confirmation of the lack of problems with the influx of new customers and, as a result, there is no need for additional motivation of those who are ready to come aboard.

Conclusion. Is Korbit good for beginners?

The Korbit cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Korbit could be considered as a good cryptocurrency exchange for a start.

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FAQ

What do I need to know about the fees charged by cryptocurrency exchanges?

The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.

How do I choose a reliable cryptocurrency exchange?

Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.

How many cryptocurrencies could a crypto exchange offer?

The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.

What are the risks of investing in cryptocurrencies?

Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.