Compare itBit vs Korbit

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On this page, you can compare itBit 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. itBit was founded in 2013 in USA. 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.

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.

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

itBit doesn't have a mobile app. Korbit has a mobile app available for iOS and Android.

itBit has 1 language available, which is English. Korbit has 2 languages available, including English and Korean.

Company
User rating User rating 3.4 / 5 10 user reviews User rating 2.4 / 5 7 user reviews
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4 / 5
Trust Score How it works Trust Score 3.78 / 5 Trust Score 3.94 / 5

User rating

3.4 / 5 10 user reviews 2.4 / 5 7 user reviews

Cryptogeek rating

4 / 5 4 / 5

Trust Score

How it works
3.78 / 5 3.94 / 5

About

itBit is a strongly regulated financial platform based in New York City. The company has an international office in Singapore. itBit was founded in 2013. It serves as an exchange of digital assets providing the opportunity to trade such cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens, and Binance USD (BUSD), Paxos Standard (PAX), and PAX Gold (PAXG).
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

2013 2013

Country

USA South Korea

Type

Centralized Centralized

Languages

English English, Korean

Mobile app

- iOS, Android

Full address

ItBit, New York, U.S.A 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

Maker: 0%

Taker:
BTC 0-2500 : 0.20%
BTC 2500+ : Special Low Fees
Maker: 0.15% / Taker: 0.15%

Full fee schedule: https://www.korbit.co.kr/faq/articles/?id=79KnqSDLE9rVaeTyFSp4ZP
About
itBit is a strongly regulated financial platform based in New York City. The company has an international office in Singapore. itBit was founded in 2013. It serves as an exchange of digital assets providing the opportunity to trade such cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens, and Binance USD (BUSD), Paxos Standard (PAX), and PAX Gold (PAXG).
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 2013 Founding Date 2013
Country Country USA Country South Korea
Type Type Centralized Type Centralized
Languages Languages English Languages English, Korean
Mobile app Mobile app - Mobile app iOS, Android
Full address Full address ItBit, New York, U.S.A 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 Maker: 0%

Taker:
BTC 0-2500 : 0.20%
BTC 2500+ : Special Low Fees
Fees Maker: 0.15% / Taker: 0.15%

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

Trading

itBit trading volume is 2,972,177.0. The exchange has 3 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

2972177 4536944

Pairs

3 32

Coins

4 32

Fiat trading

-

Deposit

Free Free

Fees

Percentage Percentage

Margin

- -
Volume Volume 2972177 Volume 4536944
Pairs Pairs 3 Pairs 32
Coins Coins 4 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

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

Social

Website

www.itbit.com www.korbit.co.kr

Twitter

@itBit @korbitbtc

Number of followers

7811 3032
Website Website www.itbit.com Website www.korbit.co.kr
Twitter Twitter @itBit Twitter @korbitbtc
Number of followers Number of followers 7811 Number of followers 3032

Rating

User rating User rating 3.4 / 5 10 user reviews User rating 2.4 / 5 7 user reviews
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4 / 5

Cryptogeek summary

itBit user rating is 3.4, based on 10 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: 3.78 / 5
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Trust Score: 3.94 / 5
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On this page, you can compare itBit 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. itBit was founded in 2013 in USA. 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.

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.

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

itBit doesn't have a mobile app. Korbit has a mobile app available for iOS and Android.

itBit has 1 language available, which is English. Korbit has 2 languages available, including English and Korean.