Founded in 2013, Korbit a crypto exchange is located in Seoul. The exchange is one of the best exchanges in the country which have high trading volumes. The trading fees of Korbit follows a maker or taker model. Market makers are the traders who make a new entry in the order book, and takers are the ones who enter at the best available price. The fee starts at 0.08% for makers and 0.20% for the takers. The exchange keeps its funds in cold storage to protect it from hackers. Korbit uses many altcoins like Bitcoin (BTC), Ethereum (ETH ), Ripple (XRP), DASH, Monero (XMR), Augur (REP), STEEM, Zcash (ZEC) and Bitcoin Cash (BCH). The exchange accepts the bank transfers from Korean banks, and it doesn’t charge any amount on the deposits. The web-based platform of the exchange looks solid, and the charting is well designed. The exchange charges withdrawal fee which depends on the type of coin the user wants to withdraw. The trading activity in the exchange is done against the KRW (Korean won) which is good for the local clients. The exchange has a solid reputation, and it is very popular in the crypto world. With its intuitive user interface, it is the best platform to trade cryptocurrency.
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