Buy Ethereum
in South Korea

In its simplest definition, Ethereum is an open infrastructure based on blockchain technology on which decentralized computer programs can be run. The decentralization of Ethereum means that this system does not belong to anyone alone and it is not controlled by one or more specific people. Everyone can own this network and everyone can play a role in controlling it. Thanks to Ethereum's distributed and decentralized structure, once a program is implemented on the Ethereum network, it cannot be stopped or manipulated, even if the creator wants to.

Among the members of the digital currency community, the digital currency of the Ethereum network is also called Ethereum or Ether. Ether, like Bitcoin, is a digital currency that can easily transfer value. However, Ether's purpose is slightly different from Bitcoin's. This digital currency was created to pay for fees and as an incentive for contributors to continue working with Ethereum. Who would be willing to work as a miner or contributor to the network if Ether was not the key asset? This is why Ether is also called "the fuel of the Ethereum network". If Bitcoin is "digital gold", Ether is "digital oil".

The digital currency of the Ethereum network is called "Ether" and its abbreviated unit is ETH. This asset is considered the currency of the network as well as a way to pay fees and charges.

Yes, cryptocurrency is legal to buy in South Korea. The South Korean government has taken a
cautious but supportive approach to the development of the cryptocurrency industry, and has
implemented a number of regulations to promote the growth of the sector while protecting
consumers and investors. The legality of trading cryptocurrency in South Korea is governed by
the Virtual Currency Act. The mentioned act defines virtual currency as a type of electronic
asset that can be used as a medium of exchange, but does not have legal tender status.
According to the same act, in South Korea, individuals and businesses can legally buy, sell,
trade, and hold cryptocurrencies such as Bitcoin, Ethereum, and others. However, the use of
cryptocurrency as a means of payment for goods and services is still limited.
It is important to keep up to date with the latest developments and regulations in the
cryptocurrency sector in South Korea, as the legal and regulatory framework for cryptocurrency
may change over time.

Yes. According to the the Virtual Currency Act, in South Korea, cryptocurrency is taxed as
income under the Income Tax Act and the Corporate Tax Act. According to these laws, profits
derived from the sale or exchange of cryptocurrency are considered taxable income and are
subject to both personal income tax and corporate income tax. The tax treatment of
cryptocurrency in South Korea depends on the individual's or company's status and the purpose
of the transaction. For individuals, cryptocurrency gains are taxed at a flat rate of 20% for short-
term gains (held for one year or less) and a graduated rate for long-term gains (held for more
than one year). For companies, cryptocurrency gains are subject to corporate income tax at the
standard corporate tax rate.
It is important to note that individuals and companies are responsible for reporting their
cryptocurrency-related income on their tax returns. Failure to accurately report and pay taxes on
cryptocurrency-related income can result in penalties and fines. Also, the regulation and
taxation of cryptocurrency in South Korea is subject to change, and it is advisable to stay
informed of the latest developments and seek professional advice on tax matters related to
cryptocurrency.

Ethereum is a popular blockchain that has been used in various projects. Due to the success of Ethereum, many developers and projects use this chain to build their own products. Smart contracts on Ethereum have been able to bring blockchain technology applications to other levels. Smart contracts allow users to determine their desired conditions and rules. 

In smart contracts, it is possible to include detailed conditions for each contract. This feature has made it possible for Ethereum to host various blockchain-based financial services. Some examples of Ethereum services you can benefit from include: Loaning, Decentralized Insurance, Decentralized Exchanges, Stablecoins, Profit Cultivation, Investing, Computer Games (Betting), and Non-Fungible Tokens (NFT).

In South Korea, any individual or entity, including residents and non-residents, can buy
cryptocurrency as long as they have a valid bank account and comply with the applicable laws
and regulations. There are no restrictions on who can buy cryptocurrency in South Korea, and
anyone with the necessary resources and knowledge can participate in the market. The best
way to buy cryptocurrency in South Korea depends on your specific needs and preferences but
the most common way to buy cryptocurrency in South Korea is through a cryptocurrency
exchange. Our platform allows you to buy, sell, and trade cryptocurrency using Euros. In
addition, our exchange is a trustworthy and safe choice for buying cryptocurrency in South
Korea. It operates within the law and offers a range of convenient payment options, including
Apple Pay, Google Pay, credit card, debit card, bank transfer, and PayPal, without any
transaction fees to keep costs low.