Compare Bitbank vs Korbit

Compare companies

On this page, you can compare Bitbank with Korbit. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.

At the end of this page, you can see our final ratings for both exchanges.

In the table below you can see general information on both exchanges. Bitbank was founded in 2014 in Japan. Korbit was founded in 2013 in South Korea.

When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Korbit. At the same time, newer projects may be more technologically advanced.

You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.

Bitbank is Centralized and Korbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Bitbank has a mobile app available for iOS and Android. Korbit has a mobile app available for iOS and Android.

Bitbank has 2 languages available, including English and Japanese. Korbit has 2 languages available, including English and Korean.

Company
User rating User rating 1.9 / 5 11 user reviews User rating 2.4 / 5 7 user reviews
Cryptogeek rating Cryptogeek rating 4.4 / 5 Cryptogeek rating 4 / 5
Trust Score How it works Trust Score 3.51 / 5 Trust Score 3.94 / 5

User rating

1.9 / 5 11 user reviews 2.4 / 5 7 user reviews

Cryptogeek rating

4.4 / 5 4 / 5

Trust Score

How it works
3.51 / 5 3.94 / 5

About

Bitbank is one of the leading cryptocurrency exchanges targeting the residents of Japan. The exchange tab of the website is not available in languages other than Japanese and those who want to register on Bitbank from overseas have to pay $100 commission. Nevertheless, for those in Japan, this platform is quite convenient as it collects no deposit and trading fees (it’s relevant only for Makers) and has some other nice features.
Korbit was the first exchange to introduce BTC/KRW trading in South Korea, and it's currently active in 30 markets where some of the top cryptocurrencies can all be traded against KRW. The platform also offers a trading API that supports automated trading.

Founding Date

2014 2013

Country

Japan South Korea

Type

Centralized Centralized

Languages

English, Japanese English, Korean

Mobile app

iOS, Android iOS, Android

Full address

Bit Bank Corporation KDX Nishi Gotanda Building 7F 20 - 9 Nishi Gotanda Shinagawa-ku, Tokyo141-0031 Business Registration 220-88-61399 Communications Sales Registration 2013-Seoul Gangnam-01860 Korbit, Inc., 376 Gangnam-daero 5th Fl., Gangnam-gu, Seoul, Korea CEO Tony Lyu info@korbit.co.kr Contact 1661-9707 (Time: Weekdays 9-12am, 1-6pm)

Fees

Bitbank charges 0.12% for takers and -0.02% for makers Maker: 0.15% / Taker: 0.15%

Full fee schedule: https://www.korbit.co.kr/faq/articles/?id=79KnqSDLE9rVaeTyFSp4ZP
About
Bitbank is one of the leading cryptocurrency exchanges targeting the residents of Japan. The exchange tab of the website is not available in languages other than Japanese and those who want to register on Bitbank from overseas have to pay $100 commission. Nevertheless, for those in Japan, this platform is quite convenient as it collects no deposit and trading fees (it’s relevant only for Makers) and has some other nice features.
Korbit was the first exchange to introduce BTC/KRW trading in South Korea, and it's currently active in 30 markets where some of the top cryptocurrencies can all be traded against KRW. The platform also offers a trading API that supports automated trading.
Founding Date Founding Date 2014 Founding Date 2013
Country Country Japan Country South Korea
Type Type Centralized Type Centralized
Languages Languages English, Japanese Languages English, Korean
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address Bit Bank Corporation KDX Nishi Gotanda Building 7F 20 - 9 Nishi Gotanda Shinagawa-ku, Tokyo141-0031 Full address Business Registration 220-88-61399 Communications Sales Registration 2013-Seoul Gangnam-01860 Korbit, Inc., 376 Gangnam-daero 5th Fl., Gangnam-gu, Seoul, Korea CEO Tony Lyu info@korbit.co.kr Contact 1661-9707 (Time: Weekdays 9-12am, 1-6pm)
Fees Fees Bitbank charges 0.12% for takers and -0.02% for makers Fees Maker: 0.15% / Taker: 0.15%

Full fee schedule: https://www.korbit.co.kr/faq/articles/?id=79KnqSDLE9rVaeTyFSp4ZP

Trading

Bitbank trading volume is 27,517,216.0. The exchange has 7 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.

Korbit trading volume is 4,536,944.0. The exchange has 32 available trading pairs. Fiat trading is available on the exchange. Margin trading is not available.

Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.

Volume

27517216 4536944

Pairs

7 32

Coins

7 32

Fiat trading

-

Deposit

Free Free

Fees

Percentage Percentage

Margin

- -
Volume Volume 27517216 Volume 4536944
Pairs Pairs 7 Pairs 32
Coins Coins 7 Coins 32
Fiat trading Fiat trading - Fiat trading
Deposit Deposit Free Deposit Free
Fees Fees Percentage Fees Percentage
Margin Margin - Margin -

Safety

Two factor authentication

Verified

Unverified Verified
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Unverified Verified Verified

Social

Website

bitbank.cc www.korbit.co.kr

Twitter

@bitbank_inc @korbitbtc

Number of followers

25306 3032
Website Website bitbank.cc Website www.korbit.co.kr
Twitter Twitter @bitbank_inc Twitter @korbitbtc
Number of followers Number of followers 25306 Number of followers 3032

Rating

User rating User rating 1.9 / 5 11 user reviews User rating 2.4 / 5 7 user reviews
Cryptogeek rating Cryptogeek rating 4.4 / 5 Cryptogeek rating 4 / 5

Cryptogeek summary

Bitbank user rating is 1.9, based on 11 user reviews. Korbit user rating is 2.4, based on 7 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 3.51 / 5
Compare with:
Write review
logo-img
Trust Score: 3.94 / 5
Compare with:
Write review

On this page, you can compare Bitbank with Korbit. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.

At the end of this page, you can see our final ratings for both exchanges.

In the table below you can see general information on both exchanges. Bitbank was founded in 2014 in Japan. Korbit was founded in 2013 in South Korea.

When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Korbit. At the same time, newer projects may be more technologically advanced.

You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.

Bitbank is Centralized and Korbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Bitbank has a mobile app available for iOS and Android. Korbit has a mobile app available for iOS and Android.

Bitbank has 2 languages available, including English and Japanese. Korbit has 2 languages available, including English and Korean.