Cryptocurrency Q&A
Can foreigners trade crypto in South Korea?
Can foreigners trade crypto in South Korea?
GinsengBoost
Sat Mar 30 2024
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6 answers
1312
Good day, I am an investor from overseas and I am interested in the crypto market. I have heard that South Korea has a thriving crypto industry, and I was wondering if foreigners are allowed to trade cryptocurrencies in your country. Could you please provide some insight into the regulations and procedures that I may need to follow? Also, are there any specific exchanges or platforms that cater to international investors? Thank you for your time and assistance.
6 answers
Lorenzo
Mon Apr 01 2024
Cryptocurrency exchanges in South Korea generally do not permit foreigners to link their local Korean bank accounts to these platforms.
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EchoSoulQuantum
Sun Mar 31 2024
BTCC's services are tailored to meet the needs of investors from various backgrounds, including those who are new to the world of cryptocurrencies. The exchange provides educational resources and customer support to assist users in making informed decisions.
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AzureWave
Sun Mar 31 2024
One exception to this rule is Gopax, a local exchange that allows legal residents of South Korea, including foreigners, to connect their Korean bank accounts.
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MysticGlider
Sun Mar 31 2024
For foreigners interested in purchasing bitcoin in South Korea, it is important to note that they must comply with the exchange's requirements.
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SamsungShine
Sun Mar 31 2024
Although the majority of local exchanges have restrictions, it does not mean that foreigners cannot invest in cryptocurrencies in South Korea. There are other avenues available.
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