Cryptocurrency Q&A
Can foreigners buy bitcoin in South Korea?
Can foreigners buy bitcoin in South Korea?
Giulia
Sun Jul 14 2024
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5 answers
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Inquiring minds want to know: are foreigners in South Korea permitted to engage in the purchase of Bitcoin? Given the increasingly globalized nature of cryptocurrency and its borderless transaction potential, it's a pertinent question. Does South Korea's regulatory landscape allow foreigners residing or visiting the country to acquire Bitcoin? Are there any specific restrictions or requirements that need to be met for such transactions? Clarifying this information could help unlock opportunities for investors and enthusiasts alike.
5 answers
CryptoTitaness
Mon Jul 15 2024
Gopax, a Korean cryptocurrency exchange, facilitates the connection of foreign residents' Korean bank accounts, enabling them to trade cryptocurrencies seamlessly.
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Carlo
Mon Jul 15 2024
Additionally, BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services. These include spot trading, futures trading, and a secure digital wallet, among others.
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Riccardo
Mon Jul 15 2024
Foreigners residing legally in South Korea have the liberty to purchase bitcoin within the country.
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Andrea
Mon Jul 15 2024
However, a significant limitation arises when attempting to link local Korean bank accounts to domestic cryptocurrency exchanges.
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Sara
Mon Jul 15 2024
Majority of these exchanges prohibit such linkages for foreigners, with a notable exception being Gopax.
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