Buy Bitcoin in South Korea

All links are external & open in a new tab, except for "Read Review" buttons. Before jumping into this page, an important disclosure.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin wallets.

CoinMamaCoinMama Buy Bitcoin Read Review

CoinMama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge an ~6% fee on each purchase.

If buying less than $150 worth of bitcoins, you won't need to verify your identity. This convenience makes small purchases quick and easy.

Want to buy using CoinMama? This step-by-step guide will show you how to use CoinMama.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
High
Reputation
Average
Limits
High
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LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
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KorbitKorbit Buy Bitcoin

Korbit is the first and largest Bitcoin exchange in South Korea, based on trading volume. Deposits can be made via bank transfer only.

Pros
  • Extremely low fees of 0% (for market makers) to 0.2% (for market takers)
  • Deep liquidity ensures a buying price close to fair market rate
  • Multi-sig security features
  • Offers a remittance service
Cons
  • Can be hard to use for the first time
  • Offers a wallet that should not be used for Bitcoin storage
  • Single payment method
Ease of Use
Average
Privacy
Average
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

CoinplugCoinplug Buy Bitcoin

Coinplug is a Bitcoin exchange based in South Korea. Customers can buy bitcoin by making a bank deposit to one of Coinplug's virtual bank accounts.

Coinplug also operates the okBitcard service which allows bitcoin vouchers to be purchased from any 7-11, Mini Stop or Nautilus ATM across South Korea. Vouchers may be purchased in ₩10,000, ₩30,000, or ₩50,000 denominations.

Pros
  • Low fees; possible to buy for just 0.1%
  • Investment and technical advice from some prominent industry names
  • okBitcard is a quick and convenient to buy small amounts of bitcoin at over 32,000 venues across South Korea
  • okBitcard is quite a private buying method; requires only your phone number
Cons
  • Not private since identity verification is required for exchange trading
  • Interface may be confusing for first time buyers
  • Exchange's virtual bank accounts, valid for 24 hours only, may lead to complications in the event of payment delays
Ease of Use
Average
Privacy
Average
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
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Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

ShapeShiftShapeShift Buy Bitcoin

ShapeShift lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. ShapeShift works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because ShapeShift never actually controls your tokens but just exchanges them.

Pros
  • Easiest and fastest way to buy bitcoins with altcoins
  • Fees are reasonable for larger traders
Cons
  • Need altcoins or other digital tokens to use
Ease of Use
Easy
Privacy
High
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
High
Buy Bitcoin

bitcoin-otcbitcoin-otc Buy Bitcoin

Bitcoin-OTC is an over-the-counter marketplace for the peer to peer exchanging of bitcoin. It is almost like a Craigslist for Bitcoin. Users must create ads or locate other ads to find sellers of bitcoin. Bitcoin-OTC is somewhat complicated and hard to use, but may be the only option for users in some countries without an exchange.

Pros
  • Can be a good way to find Bitcoin sellers if no other options exist
Cons
  • Need to keep eye out for scams
  • Need to build trust and feedback for your account before trading larger amounts
Ease of Use
Hard
Privacy
High
Speed
Varies
Fees
Varies
Reputation
Trusted
Limits
High
Buy Bitcoin