4 Top Sites to Buy Ripple in South Korea

#1 Binance

Binance was created after attracting funds via an ICO (Initial Coin Offering – creating a new digital asset, backed by the project). The BNB tokens can now be traded on the exchange or used as a method of paying your trading fees, which will reduce them by 50%. Additionally, a small portion of the coin has to be paid to the company to cast your vote in the community poll, which determines which altcoin will be added to the exchange next.That being said, whenever a new coin is added, Binance holds some kind of promotional distribution to existing clients. Usually, it involves tracking the biggest holders of the new asset and rewarding them with extra coins. While these can not be taken as a guaranteed means of attaining more altcoins, they do raise attention towards the new trading product.

#2 Bithumb

Bithumb is the largest South Korean cryptocurrency exchange by volume and is among the global leaders, according to data of the site Coinmarketcap.com. Reports of South Korean media estimate that Bithumb holds over 75% of the country’s bitcoin market volume, and around 10% of the global trade. Bithumb also holds around 50% of South Korea’s Ether trading volume and is in practice the largest Ether exchange in the world. In addition to Bitcoin, the exchange offers several of the most popular cryptocurrencies: Ether, Dash, Ether Classic, Litecoin, Dash, Ripple, Bitcoin Cash, Monero, Zcash, Qtum against the South Korean Won. The instrument list ranks it among the platforms with wider portfolios like Coincheck, Bisq, Bitfinex, Bitstamp and Kraken.Similarly to the majority of cryptocurrency exchanges, Bithumb does not offer leveraged trading in the tokens, but only spot trading.

#3 Coinone

Coinone is one of the major Korean cryptocurrency exchanges. If you are enthusiastic about blockchain technology, you should know a few things about them even if you don’t plan on trading with them. As you may know the trading activity on Korean exchanges has been relatively high in recent times and even determines the short term price swings. Established local player – Coinone has been around since 2014 and the team behind this exchange looks very solid. There aren’t any reports of a major hack at this exchange, which is not the case with one of their major competitors – Bithumb. High level of Security – Security seems to be a top priority for Coinone, as the company includes multi-signature wallets, two-factor authentication (2FA) and cold storage. While there is no 100% guarantee of future safety, these factors are nice.Low Fees – The costs of trading at Coinone are very competitive, with the offers by other exchanges.

#4 KorBit

KorBit was the first Korean cryptocurrency exchange to offer BTC/KRW trading. They are an entry-level service (i.e. accept fiat currencies) but also offer a decent trading platform. The company is still one of the top-rated exchanges in the country, which drives relatively high trading volumes. Credit cards are a much more preferable option for some users, although the commissions involved in the process can be pretty harsh. As an example Bitsatmp charges 8% on such transactions. Positive user feedback – While the non-Korean reviews of this exchange are relatively few in number, they are all positive. The company seems to operating legitimately, and with the competitive fee structure, most customers should be happy.

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