Chinese and korean exchanges

in money •  7 months ago


While China has a nationwide ban in effect that restricts it's citizens to trade on any kind of cryptocurrency exchange, chinese people are no fools.

VPNs are great help here - just pick one for $10 a month and head online to the world of bytes and digis.

Not sure about Korea, but it seems the case is similar, perhaps a bit backwards? The country's exchanges are blocked to all outsiders - South Korean government is enforcing KYC for all crypto-exchanges.

With Bithumb Steem price at $5, the deposits and withdrawals still seem frozen (sorry the exchange is badly translated and) but anyone who held Steem on Bithumb, could unload it for a hefty hefty premium, for example trade it for Bitcoin and send it to Bitshares wallet. If blocked to access any of the exchanges from Korea - use a VPN.

South Korean officials fear that the gap will widen even more in the near future - between the prices on global exchanges and korean ones.

Here's my question - has anyone got any experience, any advice on getting an account on these premium exchanges?

Did you know, in Iran, BTCUSD hit $20 000 just a few days ago? I have no words. We here suffer the sub-$1 Steem price and just a click away it's 26K. Insane!

Thoughts? Ideas? Advice?

Still not selling your vote to Minnowbooster to earn SBD? Do it now

Here's the Byteball AIRDROP starter capital, earning you and me a nice bonus:

Instructions here

Buy Wizards for the upcoming ultimate battle on the EOS network. You need an EOS account and Scatter Chrome extension

Title image from pixabay


Are you looking for Minnowbooster, Buildteam or Steemvoter support? Or are you looking to grow on Steemit or just chat? Check out Minnowbooster Discord Chat via the link below.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I'm in Thailand, but used my UK details to simply open a Bithumb account without any problem. Admittedly, I haven't verified it yet and or funded it, but I have the account and they regularly email me. They have multiple language options on signup so I don't understand why that would be if they didn't allow accounts from outside Korea.
Try setting up a VPN with a Thai access point from where you are and opening an account :-)


Thanks for the reply... i have actually got an account there, but when i go to Steem deposits, i get a popup msg that i cannot translate... perhaps they have Steem wallets disabled.


Yes thats a problem, they havent got everything translated lol..

In China there is no fiat to crypto exchanges, however OTC is still possible.

Hey Buddy, I would like to tell you about a gargantuan Trading platfrom that includes cryptocurrency, forex and traditional assets => also offers free trading till october 1st and lowest charges on subsequent trades after the promo with customizable Trading interface. For more details, check out this post

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
SBDSteem Dollars0.987$1.09%1.88%

serious China ban crypto?


what i know is they banned bitcoin XD actually is quite conflict because Binance exchange is from china


why because of Binance exchange from China then they want to ban crypto?