Among all the cryptocurrencies, stablecoins like USDT (Tether) are comparatively safer to invest in. It is also easier to handle than other large cryptocurrencies, such as Bitcoin and Ethereum. USDT is designed on the blockchain, and 1 Tether is tied and backed by 1 USD. The tied assets may either be held in cash or in the form of loans to affiliate companies. Some might think there is no point in investing in USDT when its price attached to the US dollars, as they cannot earn much out of the tied Tether. In fact, USDT is a popular cryptocurrency investment among the Asia Pacific, like people buy USDT in South Korea, Singapore, and more other countries. And, there is a strong reason for buying that.
Since the price of USDT is unlikely to go far away from $1 USDT due to its nature, USDT investors bear a higher level of stability in the investment. Not only it is a great investment alone because of its lower-volatility feature but also is useful as an intermediary coin. Some traders would use Tether as an intermediary coin for day trading other digital assets, or just store it in the wallet between trading sessions.
It is also common for investors in South Korea to trade Tether with Korean Won. The following blog post will help you go through exchange platforms that you can buy USDT in South Korea, locally and internationally.
Some of the following Korean cryptocurrency exchange platforms only allow legal residents of South Korea to purchase digital assets, as users have to provide a government-issued resident card, as well as a Korean phone number. Go visit their global websites if you are not a local. Or visit the other international exchange platforms in the list!
Huobi Korea – The World-leading Bitcoin and Ethereum Trading Platform
Huobi is the world-leading digital assets trading platform, and it became a publicly listed Hong Kong company in 2018. The flatform has offices based in different Asian areas, including South Korea. Huobi Korea acquired an ISMS (Information Security Management Security) certification. It makes sure all your transactions go through safe and strong security processes. For local traders in Korea, you can also make use of their Level 4 Verification. It will verify every user’s resident registration card, driver’s license, and alien registration card (issued in Korea).
You can also trade USDT on Huobi Global if you are an international trader who wants to buy USDT in South Korea!
Coinplug – A Global Leader in Blockchain-based Solutions and Services
Coinbase is a Korean bitcoin exchange founded in 2013, which provides both digital assets transactions and wallet services. The company offers low fees, investors are possible to buy for just 0.1%. They also offer a service called okBitcard service. It allows traders to purchase bitcoin vouchers in ₩10,000, ₩30,000, or ₩50,000, from any 7-11, Mini Stop, or Nautilus ATM across South Korea. If you are a local trader, it is convenient to purchase crypto vouchers from somewhere near you as well!
Yet, note that the English version of the website is not yet available at the moment, so it will be more applicable to local investors instead.
Coinone – One of the largest South Korean Digital Asset Exchange
Coinone is one of the largest digital asset exchanges in South Korea. It is a crypto trading platform that focuses on BTC and ETH. But traders can as well find USDT on the site. The platform provides a high-performance trading engine. It assists you in trading accurately, in order to avoid price slippage, and secure your target rate. Traders can access market conditions and various news contents in real-time through their online site and mobile app.
They will focus on Southeast Asia, more on Hong Kong, Singapore, and Indonesia. And they are looking to expand to more Asian areas in 2021.
Upbit – The Global Cryptocurrency Exchange Based in South Korean
Upbit is a South Korean digital assets exchange founded in 2017. They provide a financial-institution grade of security and operate the stock trading system on a massive scale for years. Besides trading on the PC web, traders can also trade on their official mobile apps, monitoring the 24/7 market trends and data. And you can have fast and stable trading, with their financial institution-grade system.
Investors can also visit Upbit Global to access the English version of the site.
USDT Pro – The Only USDT OTC Specialist
USDT Pro is the USDT OTC specialist based in Hong Kong. The company support transactions between most of the mainstream fiat currencies and digital assets, including Korean Won and Tether trading. The platform promised to offer the best USDT rate without any extra fee. And our website is also trusted by millions of users, users can settle their OTC trades in less than 15 minutes.
We offer instant settlements and flexible payment options with no hidden cost, allowing you to process your orders and transactions on a smooth platform.
Please do your researches on the background of the different exchange platforms, and make sure you are familiar with it before you perform any transacting actions. Apart from selecting the best exchange platforms to trade USDT with Korean Won, also make sure you have a safe and secure Tether wallet to store your assets before buying!
USDT has a lower investment risk compared to cryptos like BTC or ETH, but it does contain a certain level of risk like every investment. You should always evaluate the associated risk level before investing in any of the investment options!