How to Buy Tether (USDT) in South Korea

Is It Legal to Buy USDT in South Korea?

Yes, buying USDT is legal in South Korea through FSC-regulated exchanges. The Virtual Asset User Protection Act requires platforms to register, follow domestic regulations, and store 80% of user funds in cold wallets for security.

While South Korean crypto exchanges support KRW deposits, offshore platforms like Binance may face banking restrictions, limiting fiat access.

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How to Buy USDT in South Korea

Buying USDT in South Korea is fast and secure with a trusted exchange offering instant KRW deposits, low fees, and deep liquidity. KuCoin, trusted by over 20 million investors, supports bank transfers, debit/credit cards, and Samsung Pay for seamless transactions.

4 Simple Steps to Buy USDT on KuCoin:

1. Create an Account – Sign up on KuCoin and complete KYC verification.
2. Deposit KRW – Add funds via bank transfer, credit/debit card, or Samsung Pay.
3. Select USDT/KRW – Navigate to the Buy Crypto section and choose USDT/KRW.
4. Buy USDT – Enter the amount, confirm the trade, and store USDT securely.

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Best Tether (USDT) Exchanges in South Korea

Several exchanges support KRW deposits for buying USDT, while popular global platforms like Binance offers P2P trading due to banking restrictions. Here’s a comparison of the top options:

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KRW to USDT Trading Fees

The cost of converting KRW to USDT depends on the exchange and deposit method. Bank transfers are typically free, while credit and debit cards incur higher fees. Below is a comparison of the major platforms:

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Tax Rules for Buying USDT in Korea

South Korea doesn’t tax buying or holding USDT, but from 2025, profits over 2.5 million KRW per year will face a 20% capital gains tax. 

The Financial Services Commission (FSC) regulates crypto, while the National Tax Service (NTS) enforces tax compliance. Exchanges report large transactions, and authorities are tightening oversight.

To stay compliant, track trades, withdrawals, and fiat conversions. Keeping accurate records helps avoid penalties as regulations evolve.

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Final Thoughts

Regulated exchanges in South Korea make USDT purchases secure and convenient with KRW deposits via bank transfers, debit/credit cards, and mobile payments. 

Choosing a compliant platform ensures smooth transactions and simplifies tax reporting as new regulations take effect in 2025.

For lower fees, bank transfers remain the best option. Staying updated on crypto regulations will help users trade safely and efficiently.