Korbit Exchange Review

Local/Regional Exchange - cannot be rated at this time.

Korbit is a South Korea based cryptocurrency exchange that is operated by Korbit Inc. Its main target market is South Korea and exchanges using the South Korean Won (KRW).

Korbit has four core features: high amount of currency, security, reliability and customer support. It already lists a number of cryptocurrencies and keeps updating its lists. In terms of security, Korbit tries to keep its customer and their funds safe, as well as to protect personal data. It has various security measures in place, like an offline cold wallet and also informs their clients extensively about possible risks. In terms of reliability, Korbit has a lot of experience wherefore they offer secure systems and stable servers. Quick, reliable and qualitative good support is provided because customer support and satisfaction have a high priority. 

Korebit offers two account types, individual or corporate and has different membership levels, on which a customer gets upgraded through providing more personal data. A higher membership level provides various advantages to clients. 

Maker and taker fees are calculated depending on the 30-day trading volume and currency and decline as the volume increases. Withdrawal and deposit fees also depend on currencies; however, depositing via Korean bank transfer is free.  

Korbit generally does not offer any promotions for its customers but occasionally offers 0% trading fee as a promotion.