Buying Ethereum in South Korea – Has anyone dealt with it? Arguably, this cryptocurrency isn’t as well-known as Bitcoin, but it has a large market cap. Like Bitcoin, ETH Zurich is now also available in South Korea. The course of Ethereum has been on and off for the past few weeks. What is behind this cryptocurrency and where can Ethereum investors trade? Your guide will give you information about this.


Buy Ethereum in South Korea – when will it be available?

Buying Ethereum in South Korea is possible. Cryptocurrency has a similar success story to Bitcoin. In 2015 Ethereum was the first to go public in the digital world. Since then, the price in the stock market has increased by 3,000%. However, the cryptocurrency didn’t get the right increase until 2017. 1 Ethereum was at $9 earlier this year. Just a few months later, there were already over $300 for 1 Ethereum. Meanwhile, the price has risen below $400. Ethereum has helped gain a market cap of over 20 billion euros. There are also days when the trading volume of ETH is equal to the trading volume of Bitcoin.

 

Buying ETH in South Korea – for individual investors?

Cryptocurrencies have sparked interest from many individual investors. What is Ethereum and Can I Buy Ethereum in South Korea? This question is often asked. You can buy through various options such as CFD brokers or directly from the market. There are also special Ethereum exchanges. Where are the differences? On the one hand, cryptocurrency can be directly bought and traded with CFD positions.

  • CFD Brokers: More and more CFD Brokers offer Ethereum positions for trading. Investors have their advantages. With its help, even a small amount of capital can move higher amounts in the market. But of course the risk of loss is also higher.
  • Direct purchases: When purchasing direct, cryptocurrencies are charged directly. Like all other currencies, capital can also be “stored” or transferred. Investors need a wallet to get Ethereum.

Info: Can Ethereum be bought without a wallet in South Korea? To directly buy cryptocurrency, you need an e-wallet, a so-called wallet. It is similar to a checking account. You can store units of currency or use them for other transactions.

Conclusion: Purchasing ETH in Korea is possible through a CFD broker or direct purchase. The advantage of a broker is that it allows you to move a lot of capital into the market with a small capital investment thanks to its levers.

Buy Ethereum in South Korea – that’s how it happened

How to buy Ethereum in South Korea?

  • Determine if you want to buy the cryptocurrency as a CFD position or direct buy.
  • Find the right retailer.
  • Opening a trading account and making your first deposit. For example, deposits can be made via credit card (VISA or MasterCard, e-wallets [PayPal, NETELLER, Skrill], Paysafe and Paysafecard or bank transfer and instant bank transfer).
  • You can earn units of currency when capital becomes available in your trading account.

Conclusion: Buying ETH in South Korea can be done in just a few steps. Once you find the right provider and pay the capital, you can start buying cryptocurrency.

 

Buy Ethereum in South Korea – Trade CFDs

Buying Ethereum in South Korea is possible through CFDs or crypto brokers, for example. Here, cryptocurrency is not directly purchased, but rather determined by performance. Investors benefit from the performance of ETH quotes, allowing them to capture gains and losses. What’s special about CFD trading is the lever. With its help, you can trade a lot of capital with a small capital investment. For example, your ETH lever might be at 30. When prices rise, investors are 30 times more likely to participate in price development. Losses are also 30 times higher when prices fall. How is South Korea’s Ethereum purchase similar to the real world case?

  • Capital investment: 100 euros
  • Use: 1:10

Investors call it “currency,” speculating that there is a positive performance of cryptocurrencies. Capital investment is 100 euros, leverage 1:10. This effectively moves 1,000 euros in the market. In fact, if there is a positive price development and ETH stock rises by 5%, the following calculation results:

1,000 euros x 5% = 50 euros

If the investor bought the cryptocurrency without leverage, i.e. only 5 euros of profit would be made.

negative price development

Investors can bet on both positive as well as negative share price developments. To do this, they open a put position. Profit calculations are made like positive price developments. When the price of the underlying asset goes down, you make a profit.

How safe are CFD Brokers?

If buying ETH in Korea is related to the desire for short-term investment, traders do not come to CFD brokers. Due to the rapid development of Ethereum, many brokers have incorporated the cryptocurrency into their products. Reputable brokers are based in the EU and licensed by reputable regulators. The topic of security is also very important for these CFD brokers. Data exchange takes place via an encrypted SSL connection, for example, and customer data is used internally only. However, CFDs are speculative derivatives with risk of loss. Investors should not forget this when deciding to buy Ethereum in Korea. Buying Ethereum is now possible in Austria.

Conclusion: CFD trading is interesting for all investors who prefer short-term investments. Large amounts of capital can be moved thanks to the lever factor. Therefore, high profits can be obtained with small capital investments, but there are also high losses. Anyone wishing to use a reputable CFD broker should look for a seat within the EU and the regulations of a reputable regulator.

Buying ETH in South Korea – Buy Direct

You can also choose to buy direct if you don’t want a short-term or particularly risky investment. This is similar to trading shares in the stock market. Also, ETH has markets and stock exchanges where cryptocurrencies can be traded. But here currency units are exchanged for real money. Euro-cryptocurrency to Ethereum is stored in so-called Wallets. What is the procedure to buy South Korean ETH from the market?

  • Buy/sell orders are created by investors and posted to the marketplace.
  • Marketplace users can accept offers.
  • Trades are settled in the market.

A marketplace similar to the internet auction house eBay acts as an intermediary. However, it is for direct acceptance of offers, not for other bids. Arbitration is subject to a fee in the marketplace. How are prices determined? Supply and demand regulate prices in the market.

 

Exchange ETH

Another option for realizing the purchase of ETH in Korea is the stock exchange. Stock exchanges for cryptocurrencies are generally more structured than markets. It also creates buy/sell orders. However, everything else is done completely automatically. Stock exchanges search for buyers/sellers independently. Transactions are also fully automatic. Stock exchanges may pay for this service at a fee slightly above market cost.

Note: Buying Ethereum in South Korea only works with your wallet. Store and manage currency units. This e-wallet is similar to a checking account. Currency units are stored offline, so they are safe. If you wish, you can sell your crypto back through the stock exchange or marketplace.

Conclusion: Purchasing ETH in Korea is possible through direct transactions and offers many advantages. Currency units can be bought or sold at low cost and stored offline. Direct trading is particularly suitable for long-term speculation on the course of ETH.

Buy ETH – What you need to know

Cryptocurrencies in general are risky financial derivatives. Whether it’s Ethereum, Bitcoin, or any other cryptocurrency, there is profit and risk of loss for everyone. What do you need to know about ETH in general?

  • Price development over the past few weeks has been rapid. Since the beginning of 2017, the price has increased by 3,000%.
  • The price movement of ETH has been huge at times.
  • Cryptocurrencies are not regulated by states.
  • Hacker attacks repeatedly affect the course of ETH and the price development of other cryptocurrencies.
  • Ethereum sits next to Bitcoin as one of the digital payment methods of the future.

Buying Ethereum in South Korea – cost

Stock exchanges and markets raise money in different ways.

  • Order Fee:  The order fee is charged on the market and stock exchange. Each contributor can make their own commissions.
  • Spread: CFD brokers charge investors the difference between the buy price and the sell price. The unit of measure is pips.
  • Transaction Fees: Depositing deposits requires additional fees. For example, so-called transaction costs arise in connection with currency conversion. When paying by credit card, the transaction fee is often incurred by the credit card issuer. Brokers or markets have nothing to do with these costs. Investors can read the payment method from the price list when how high the transaction costs are.

Conclusion: Investors may bear various costs for ETH trading. For example, trading costs, spreads or commissions for orders. These costs should always be considered by investors before investing.

 

Conclusion: Buying ETH in South Korea suitable for many investors

When buying Ethereum in South Korea, you have several options. On the one hand, they can trade their cryptocurrency with a CFD, crypto or bitcoin broker and rely on their performance here. A genuine purchase of Ethereum is available on the market or stock exchange. Here, digital currency is stored in a wallet similar to a checking account. CFD Brokers are more suitable for short-term investments, market trading and long-term investment exchanges. If you have very little capital available, you can utilize a CFD Broker and trade more capital. Lever also carries a greater risk of loss. Buying ETH in South Korea through the market or stock exchange is less risky.