S. Korea | Bitcointalksearch.org

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: Ownee on January 26, 2018, 11:29:07 PM

Hello. I find that I cannot register on any cryptocurrency exchange site. I am located in Korea. All Korean exchanges are currently halted indefinitely until the government can figure out how to regulate cryptocurrency somehow. I tried registering for the American exchange Coinbase using a VPN but that isn't working either. Can anyone give me any ideas of what I can do to register on an exchange?

I am not aware of any ban in the Korean market ,there are certain things they are planning to implement pretty soon in order to trade in the Korean market.

From January 30 2018,you need to use your real name while trading,meaning no more anonymous trading allowed in Korea
You have to be a Korean citizen to trade in their exchanges,which mean others citizens are not allowed to trade and have to withdraw their currencies before too late,which also means no more VPN
No minors allowed.
KYC will be mandatory

You can try other exchanges but there are strict KYC rules in all of the exchanges and funding those exchanges with fiat will be a hurdle.

00DKM@

member

Activity: 378

Merit: 10

Quote from: Ownee on January 26, 2018, 11:29:07 PM

Hello. I find that I cannot register on any cryptocurrency exchange site. I am located in Korea. All Korean exchanges are currently halted indefinitely until the government can figure out how to regulate cryptocurrency somehow. I tried registering for the American exchange Coinbase using a VPN but that isn't working either. Can anyone give me any ideas of what I can do to register on an exchange?

-D

Currently the Korean government has set up a special team to oversee bitcoin trading in the Korean market. South Korea has introduced this measure to limit laundering and fraud in the use of electronic money. The government has ordered large local banks to block virtual bank accounts. I think for this reason you can not make bitcoin transactions in Korea.

MainIbem

sr. member

Activity: 1316

Merit: 379

Fully Regulated Crypto Casino

You are aware of your country restrictions on exchange. If you eventually succeed in registering, won't there be rules you had broken? I am also of the opinion that you wait.

mistletoe

full member

Activity: 145

Merit: 100

I'm not sure how it is liked there because of your government purging cryptocurrency but i know a lot of people from countries where crypto is banned still partcipating in crypto world by using vpn. And yes, like what other here suggested, if the local exchange doesnt work, then switch to an international one.

pooya87

legendary

Activity: 3472

Merit: 10611

there are two kinds of "cryptocurrency exchange site":
the ones working with fiat like coinbase. registering on these sites won't do you any good because most probably you won't be able to make a fiat deposit anyways if there in fact is an issue in your country regarding cryptocurrencies.
in order to trade using fiat you should seek more p2p solutions such as localbitcoins or anything similar to that which you can find in your country. i am sure there are places people are trading bitcoin at least.

the other ones are those working with cryptocurrencies alone. for example exchanges for trading bitcoin and altcoins with each other. you can sign up on majority of these without any restrictions or verification requirement. cryptopia.co.nz is an example.

Nerman

full member

Activity: 364

Merit: 107

Quote from: Ownee on January 26, 2018, 11:29:07 PM

Hello. I find that I cannot register on any cryptocurrency exchange site. I am located in Korea. All Korean exchanges are currently halted indefinitely until the government can figure out how to regulate cryptocurrency somehow. I tried registering for the American exchange Coinbase using a VPN but that isn't working either. Can anyone give me any ideas of what I can do to register on an exchange?

-D

Try other trusted exchanges like Binance or Poloniex etc. but if that does not work then I agree with them just hope that South Korea government will have a favorable decision about crypto currency. Actually not only South Koreans are waiting for their decision but the whole world because their decision will surely have a n impact in crypto currency market.

leland orser

member

Activity: 196

Merit: 10

The Experience Layer of the Decentralized Internet

First, have you bought an encrypted currency?
If you already have an encrypted currency, you can transfer them to other exchanges for trading.
If you haven't bought an encrypted currency yet, you can buy it privately and then move it around. Grin

hgkcoin

member

Activity: 112

Merit: 11

If that's the case, you can only wait patiently for your government's policy rollout to trade, but I think there should be other ways to help you, maybe you can try it out with a different site.

pvtuan34897

newbie

Activity: 182

Merit: 0

You can choose another exchange.
Some exchange open worldwide

Whibu

jr. member

Activity: 186

Merit: 3

Be patient to wait for the decision in korea, I'm sure it will not be long before all back.

dashchain

member

Activity: 108

Merit: 14

Quote from: Ownee on January 26, 2018, 11:29:07 PM

Hello. I find that I cannot register on any cryptocurrency exchange site. I am located in Korea. All Korean exchanges are currently halted indefinitely until the government can figure out how to regulate cryptocurrency somehow. I tried registering for the American exchange Coinbase using a VPN but that isn't working either. Can anyone give me any ideas of what I can do to register on an exchange?

-D

Some large exchanges are generally for the world, for example, www.poloniex.com and www.binance.com support your authentication, so you can not worry that no exchange can be for you to trade

crypto_Butterfly

member

Activity: 186

Merit: 13

Seems like you need to wait until they resolve the issue or permanently close down the crypto.

Ownee

newbie

Activity: 3

Merit: 1

Hello. I find that I cannot register on any cryptocurrency exchange site. I am located in Korea. All Korean exchanges are currently halted indefinitely until the government can figure out how to regulate cryptocurrency somehow. I tried registering for the American exchange Coinbase using a VPN but that isn't working either. Can anyone give me any ideas of what I can do to register on an exchange?

-D

Topic: S. Korea (Read 128 times)