How to Buy Bitcoin: A Step-by-Step Guide
3 min read · · Korean original
Contents 3
Hello, this is Bitpunk. Lately, a lot of people have started taking an interest in Bitcoin. Are you wondering whether it's okay to buy Bitcoin right now? In this post, I'll walk you through how to buy Bitcoin. Whether or not you've invested in stocks before, this guide will help you buy Bitcoin easily!
Step 1: Sign Up for a Korean Exchange
The very first thing to do is sign up for an exchange that sells Bitcoin. There are several ways to get Bitcoin (you can even mine it yourself), but buying it on a Korean exchange is the easiest and fastest. Among the many exchanges, I recommend the three major ones: Upbit, Bithumb and Coinone. Smaller exchanges sometimes have deposit and withdrawal problems, so be sure to use one of the big three!
Right now, Upbit is the industry leader, Bithumb is second and Coinone is third. Upbit has the highest trading volume and is the most stable, while Bithumb is in the process of being sold to an overseas buyer. So Upbit or Coinone is the safer choice. Upbit doesn't run any special promotions, but Coinone offers various events to attract new members, such as fee discounts and sign-up bonuses. So if this is your first time buying Bitcoin, choosing Coinone is also a good idea to get fee discounts and bonus credits for your future trades. If you sign up through the link below, you'll get a 20% fee discount and a sign-up bonus.
- Sign up for Coinone (20% fee discount + sign-up bonus): coinone.co.kr/user/signup?ref=XUN82TBX
Step 2: Link Your Bank Account
Have you finished identity verification and mobile phone verification while signing up for the exchange? Now it's time to deposit the Korean won you'll use to buy Bitcoin. Each exchange works with a different bank, so you need to verify an account at the matching bank. For Upbit it's K Bank, and for Coinone you need to link a NongHyup (NH) Bank account. The process isn't very difficult, but if you're not sure how to do it, check out the video below on linking a bank account!
Step 3: Deposit Korean Won and Buy Bitcoin
This is the final step to buying Bitcoin. Once you've signed up and linked your bank account, just follow each exchange's instructions to deposit Korean won and buy Bitcoin. Deposits usually take 1 to 5 minutes, and as soon as your KRW deposit is complete, you can buy Bitcoin right away. Keep in mind that you don't have to buy a whole Bitcoin; you can buy it in various smaller units (satoshis), such as 0.0001 BTC.
That wraps up how to sign up for a Korean exchange and buy Bitcoin. If you have any questions along the way, come to the Telegram group I run and ask, and I'll be happy to help.
- Sign up for Coinone and buy Bitcoin (20% discount + sign-up bonus): coinone.co.kr/user/signup?ref=XUN82TBX
