Korbit – Korean Cold Storage Wallet & Cryptocurrency Exchange?

What is Korbit?

Korbit is Korea’s first bitcoin exchange. Through this exchange, you can buy and sell any of the major cryptocurrencies including Bitcoin, Ethereum, and Litecoin among others.

Why You Should Choose Korbit

Korbit offers you a number of advantages that you may not have access to in other exchanges. These are as below:

Asset variety

Korbit has been consistent in introducing new coins that you can trade in and make a ton load of money. Some of the coins that you can now trade on Korbit include Litecoin, Dash, Ethereum, Augur, Monero and ZCash. These offer you a perfect chance to make money.

It is very secure

One of the greatest emerging risks to cryptocurrency exchanges is security. Hackers are constantly trying to attack all major exchanges due to how lucrative they have become. To protect its customers, Korbit stores most of the client coins offline, which acts to keep off hackers.

A high degree of reliability

When you put money in an exchange, you want to do so in a reliable one. That’s one area where Korbit takes the prize. It has been the longest existing Korean exchange to date. It also has the longest up time of any other exchange in Korea.

Top notch customer service

Korbit prides itself in a 90% response to all new enquiries. On top of that, any existing customers that have queries can expect a response within 1 working day.

Who Backs Korbit?

Korbit has some well-known and financially sound investors. Some of the better-known ones are as below:

  • Softbank
  • Pantera
  • SK Planet
  • D.Camp

What Makes Korbit Stand Out From Other players?

While many other exchanges offer the same services as Korbit, Korbit prides itself in continuously investing in cutting edge technologies. Korbit’s customer focused approach also gives it an edge over other exchanges.

How Do Korbit Fees Compare to Other Exchanges?

Korbit is a relatively low cost exchange, making it quite favorable for small investors. On top of that, its fees are transparent. The customer understands what they are getting right from the word go. Korbit fees are broken down as below:

Maker fees: These are the fees that the exchange charges for orders that are not executed immediately. These are charged when looking to buy, as well as when looking to sell cryptocurrencies through Korbit.

What if I am a Developer and Would like to Create my Plugins?

If you are a developer, Korbit is still great for you. That’s because it has an API that allows developers to incorporate their own instructions into the system. Some of the roles that a developer can take through the Korbit API are:

  • Authenticate users
  • Create a list of Korbit user activities

How Can I Start Using Korbit?

To use Korbit is an easy task. You just need to register with your email via the Korbit website. You will then be required to verify your account through your email. That’s just it, and you will be ready to start using your account and trade in cryptocurrencies.

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