Compare Korbit vs WazirX
In an age dominated by digital currencies, it's essential to understand the platforms that facilitate these transactions. This article focuses on comparing two prominent cryptocurrency exchanges: Korbit and WazirX. Both have made significant contributions to the digital economy world, but they have their unique assets and operation models which make them stand apart. Let's delve into the specifics and examine how one can help you have a seamless experience in this fast-paced crypto domain.
| Company | ||
|---|---|---|
| User rating | 7 user reviews | 3 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 7 user reviews | 3 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
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.
|
WazirX is an Indian-based centralized cryptocurrency exchange providing crypto-to-crypto pairs (BTC, USDT), as well as fiat trading opportunities (INR, the Indian Rupee). Among the developments of the company, there is a WazirX P2P engine for fast fiat-to-crypto conversion. The WazirX trading platform is compatible with Android, iOS, Mobile Web, Windows, macOS. The referral program works within the platform. U.S. customers are not allowed. KYC checks are applied to customers. Customer service is available through email and Telegram channels.
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Founding Date
| 2013 | 2018 |
Country
| South Korea | India |
Type
| Centralized | Centralized |
Languages
| English, Korean | English |
Mobile app
| iOS, Android | iOS, Android |
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) | The exchange does not disclose its location |
Fees
|
Maker: 0.15% / Taker: 0.15% Full fee schedule: https://www.korbit.co.kr/faq/articles/?id=79KnqSDLE9rVaeTyFSp4ZP |
WazirX's fees are 0.20% for both takers and makers. |
| About |
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.
|
WazirX is an Indian-based centralized cryptocurrency exchange providing crypto-to-crypto pairs (BTC, USDT), as well as fiat trading opportunities (INR, the Indian Rupee). Among the developments of the company, there is a WazirX P2P engine for fast fiat-to-crypto conversion. The WazirX trading platform is compatible with Android, iOS, Mobile Web, Windows, macOS. The referral program works within the platform. U.S. customers are not allowed. KYC checks are applied to customers. Customer service is available through email and Telegram channels.
|
|---|---|---|
| Founding Date | Founding Date 2013 | Founding Date 2018 |
| Country | Country South Korea | Country India |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean | Languages English |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | 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) | Full address The exchange does not disclose its location |
| Fees |
Fees
Maker: 0.15% / Taker: 0.15% Full fee schedule: https://www.korbit.co.kr/faq/articles/?id=79KnqSDLE9rVaeTyFSp4ZP |
Fees WazirX's fees are 0.20% for both takers and makers. |
Trading
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.
WazirX trading volume is 430,019.0. The exchange has 130 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
| 4536944 | 430019 |
Pairs
| 32 | 130 |
Coins
| 32 | 73 |
Fiat trading
Deposit
| Free | Free |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 4536944 | Volume 430019 |
|---|---|---|
| Pairs | Pairs 32 | Pairs 130 |
| Coins | Coins 32 | Coins 73 |
| 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 | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Verified | Verified Unverified |
Social
Website
| www.korbit.co.kr | wazirx.com |
| @korbitbtc | @WazirXIndia |
Number of followers
| 3032 | 8791 |
| Website | Website www.korbit.co.kr | Website wazirx.com |
|---|---|---|
| Twitter @korbitbtc | Twitter @WazirXIndia | |
| Number of followers | Number of followers 3032 | Number of followers 8791 |
Rating
| User rating | 7 user reviews | 3 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
In conclusion, both Korbit and WazirX have distinct features that provide valuable offerings to their users. The choice between the two largely depends on your specific requirements and geographical location. If you are interested in trading in a wide variety of altcoins, WazirX might be the more suitable platform. However, if you value a sophisticated trading interface and live in a region where Korbit is accessible, this could be your choice. It's crucial to do your research and understand the strengths and weaknesses of each platform before making a decision.
| 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? |
On this page, you can compare Korbit with WazirX. 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. Korbit was founded in 2013 in South Korea. WazirX was founded in 2018 in India.
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.
Korbit is Centralized and WazirX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Korbit has a mobile app available for iOS and Android. WazirX has a mobile app available for iOS and Android.
Korbit has 2 languages available, including English and Korean. WazirX has 1 language available, which is English.