BTC to KRW: Convert Bitcoin to South Korean Won
Convert BTC to KRW instantly with live market rates updated every 60 seconds. See the current exchange rate, common conversion amounts, and everything you need to know about converting Bitcoin to South Korean Won.
BTC
KRWBTCKRWWhat Is Bitcoin?
Bitcoin is the first and largest cryptocurrency by market capitalization, with a hard supply cap of 21 million coins. New blocks are mined approximately every 10 minutes using SHA-256 proof-of-work consensus. As of early 2026, over 19.8 million BTC have been mined, leaving fewer than 1.2 million to be created over the next century.
- Fixed supply: 21 million coins maximum
- Block time: ~10 minutes
- Consensus: proof-of-work (SHA-256)
- Launched January 3, 2009
- Smallest unit: 1 satoshi (0.00000001 BTC)
Bitcoin and the South Korean Won (South Korea)
South Korea’s Virtual Asset User Protection Act requires exchanges to register with the Financial Intelligence Unit and maintain customer asset separation. A 20% capital gains tax on crypto profits above KRW 2.5 million has been repeatedly delayed. Korean exchanges must partner with real-name verified bank accounts.
The BTC/KRW exchange rate fluctuates based on global supply and demand across cryptocurrency exchanges. Major exchanges operating in South Korea include both international platforms and local providers. When converting BTC to KRW, consider exchange fees (typically 0.1%-1.5%), withdrawal fees, and any spread between the quoted rate and the actual execution price.
How to Convert BTC to KRW
There are several ways to convert Bitcoin to South Korean Won:
- Centralized exchange: create an account on an exchange available in South Korea, deposit your BTC, sell for KRW, and withdraw to your bank account
- Peer-to-peer marketplace: sell directly to another person using a P2P platform that supports KRW payment methods
- Crypto debit card: spend your BTC directly using a crypto-linked card that automatically converts to KRW at point of sale
Frequently Asked Questions
How much is 1 BTC in KRW?
The current BTC to KRW rate is shown in the converter above and updates every 60 seconds from live market data. Cryptocurrency prices fluctuate 24/7 across global exchanges, so the rate changes continuously.
How do I sell Bitcoin for South Korean Won?
The most common way is through a cryptocurrency exchange that supports KRW withdrawals. Create an account, complete identity verification (KYC), deposit your BTC, sell it, and withdraw KRW to your bank account. Processing times vary: some exchanges offer instant withdrawals, while bank transfers can take 1-3 business days.
What fees are involved in converting BTC to KRW?
Typical fees include: exchange trading fees (0.1%-1.5% per trade), network transaction fees for depositing BTC (varies by blockchain and congestion), and withdrawal fees for sending KRW to your bank. Comparing fee structures across exchanges before converting can save you a significant amount on larger conversions.
Is Bitcoin legal in South Korea?
South Korea’s Virtual Asset User Protection Act requires exchanges to register with the Financial Intelligence Unit and maintain customer asset separation. A 20% capital gains tax on crypto profits above KRW 2.5 million has been repeatedly delayed. Korean exchanges must partner with real-name verified bank accounts. Always consult local regulations and a tax professional for your specific situation, as crypto tax treatment and reporting requirements vary by jurisdiction.
How often does the exchange rate update?
The converter above fetches live rates from CoinGecko and Coinbase every 60 seconds. The actual rate you receive when converting will depend on the exchange or service you use, the size of your order, and current market liquidity. For large conversions, consider using limit orders to avoid slippage.
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