How to Buy Bitcoin in South Korea

A Step-by-Step-Guide on how to buy Bitcoin in South Korea

Step 1

Make a Coinmama account

Use the following link for creating an account at Coinmama.

Supply an email address, pick out a username, and pick a strong, secure password.

The infrastructure and website of Coinmama is fast and secure, so you're personal info is kept safe.

Step 2

Verify your identity


In order to buy (BTC) Bitcoin with fiat currencies, like USD or EUR, you have to provide your phone number, name, country and date of birth alongside with extra support documents verifying your personal identity.

The supporting documents are a valid ID, like Driver license or Passport and sometimes as well Proof of Residence Document like Bank statement, Credit card statement, Residence certificate or Tax document.


The reason for this strict verification is to prevent identity theft or fraud.

Step 3

Start purchasing BTC by depositing fiat currencies, like EUR or USD


Backing your account with fiat currencies, like EUR or USD for swaping can be done different ways, which includes SWIFT, SEPA and domestic wire transfers or creditcard.

The variant you select will be based on your preference and location.

After your fiat currency strikes your account, that amount will be converted to BTC.

With your account you will also have access to charting tools, and 24-hour support.

For recieving BTC you'll also need to have a wallet.

Congratulations! You've successfully bought and stored Bitcoin in South Korea.

That's it!

Some more instructions:

How to buy Bitcoin