Buy Storj
in South Korea

STORJ token was released in July 2017 with an initial price of $0.52. After a huge rise and fall, it started
2018 with a surprising value of $3.13, which was great news for STORJ owners because they could triple
their capital in less than a year. However, it didn’t last long, and the price fell and ended the year at
$0.13. The STORJ price didn’t have any rise or notable fluctuations in 2019 and 2020. The average price
for these two years was $0.45. But 2021 surprised STORJ holders again with a price record of $3.98. Like
most cryptocurrencies, STORJ didn’t have a great year in 2022, and its price fell to $0.27.
STORJ had good days and bad days in its history. The future of this coin is not clear though. If you want
to invest in this coin, you need to have this mindset of how well this coin might perform in the next
years. That is something analysts do. Therefore, it is a good idea to check STORJ price predictions to
have something in your mind about its future. Although it is just a prediction, it can still be helpful. The
highest price predicted for STORJ by 2025 is $1.45. Crypto analysts also believe that STORJ might be a
good long-term investment and have predicted its price to be around $7 by 2030.

Storj is a cloud storage platform founded in 2014 as a decentralized alternative to the centralized cloud
storage that some companies like Amazon or Google had offered. Unlike the centralized platforms, on
Storj's decentralized platform, people share or rent the free spaces they have on their hard drives with
people who need somewhere to put their data. This storage can be used for video streaming or
software distribution. The Storj users can make money by sharing the free space on their computers.
However, they receive their rewards with Storj native tokens called STORJ.

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.

As mentioned earlier, the main usage of the STORJ token is as a payment solution on its network. People
who want to rent a space to store their data should pay STORJ to the host who shares the space on their
computer. Therefore, people working on this system need to have STORJ tokens in their wallet to be
able to use this network.
Like other tokens, STORJ's price changes over time, which makes it an option for investment. You can
buy STORJ tokens, keep them in an e-wallet, and wait until the price goes up to sell or trade them with
other currencies. However, this process is not as easy as in theory. You need to be more cautious about
this world because cryptocurrencies are volatile and risky. You should always keep watching its price,
read its news, follow experts, and find out what analysts think about its future. Thus, you can have a
better investment.

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.