Money Transfers back to America _ korea the price of bitcoin

Welcome to /r/korea!

한국어로 게시 또는 댓글을 쓰고 싶거나 한국사람과 얘기하고 싶다면 /r/hanguk을 이용하세요!

Help improve /r/korea by contributing to our wiki! FILTER OLYMPICS RESET FILTER

Read the following before submitting or commenting:

Have a question? Check out our FAQ.

Submission guidelines (hover for details) 1. Submissions should be on topic.

• submissions should be about news, culture, and life in korea. Submissions may be removed if the linked content is not specifically about korea. This can include translation requests, celebrity news, music videos, etc, if they have no larger relevance to korea.

2. No excessive submissions or spam.

• in order to prevent any one user from flooding the subreddit, excessive submissions are prohibited. Excessive is defined as more than 2 submissions in the past 12 hours.

Posts to your own content are allowed to an extent but no spam.The price of bitcoin

3. Read the FAQ and use the search box.

• read the FAQ, browse the front page, see the common topics list, or use the search box to see if your submission was recently made or covered. Articles about a recent topic may be removed if they do not contribute enough new information. Also, don’t ask questions that could be answered by a search engine.

4. Don’t editorialize news submissions.

• titles for news articles should ideally be as close to the title of the page as possible. Summarizing an article is ok, but keep it free of opinion, commentary, or loaded language not contained in the article.

5. No personal information.

• no personally identifying information of another reddit user or non-public figures. This also includes requests to use korean phone numbers, resident registration numbers, etc to register for korean web services and games.The price of bitcoin absolutely no links to personal facebook profiles (businesses or groups are ok).

6. Submit in english or korean.

• although this subreddit is about korea, its users are primarily english speakers. We welcome korean language links, but we encourage korean language posts to have an objective, english summary in the comments.

7. No classified submissions.

• no posts for jobs, looking for jobs, renting an apartment, items for sale, etc.

General guidelines:

Please follow reddiquette.

No overly inflammatory, racist, or offensive language.

No personal attacks toward other users or witch-hunting.

No reddit drama, meta or with other subreddits. Links to reddit must be np.

No URL shorteners.

Notes:

Report anything that violates the rules but remember that the report button is not a super-downvote and don’t use it just because you don’t like the content.The price of bitcoin

New accounts will be given less tolerance.

Message the mods if you have a question before submitting or if something you submitted doesn’t show up.

Many english-speaking foreigners in korea are english teachers, but /r/korea is not an ESL in korea resource. If you are looking to teach in korea, check out dave’s ESL cafe first, as well as

Waygook forum.

Advice about TEFL and a subreddit for anything TEFL related

Teaching in korea: things to do

EPIK: korean government sponsored programs

TALK: similar korean government sponsored programs geared towards college students and those w/o bas

RELATED SUBS: cities

Busan

Seoul

Humor/satire

DoYouKnowKimchi

Koreacirclejerk

Interests

Jindo

KDRAMA

Koreaart

Korean

Koreanfilm

KoreanFood

Koreanvariety

KpopFashion

Manhwa

Runningman

SeoulFood

SouthKoreanPolitics

Misc

Gyopo

ImagesOfSouthKorea

the price of bitcoin

NorthKoreaNews

SouthKoreaPics

Teachinginkorea

Music

Koreanmusic

Koreanrock

Kpop

WEEKLY MEET UPS

• we have a kakao chatroom (for chatting) and facebook group (events and resources)! If you’re interested in meeting other redditors in seoul, PM choreezo.

The best way is using bitcoin. Use a korean exchange like korbit. This site will require you to verify yourself using identification. If you don’t have a phone subscription in korea yet, just email them and there will be other options. Once you recharge your korbit account with some won, you can buy bitcoin. You have to do this with a bank to bank transfer. This is done either from your korean bank’s website or an ATM if you don’t have that set up. Then you can transfer that bitcoin to a US exchange like coinbase. This transfer used to take one hour, but now is only about 30 minutes.The price of bitcoin I recommend being available for those 30 minutes so that you can sell the bitcoin as soon it’s in your coinbase account. This will avoid any mishaps with the price of bitcoin going down. When you sell it, it will be deposited into your US bank account within 4 days. Mine has been taking only 1 day lately however. This process is extremely cheap. It costs me about $5 at most and sometimes I have actually made money because of the different bitcoin values on the exchanges. It’s a much cheaper way than international wire transfers.

• permalink

• embed

• save

• give gold

I agree with this. Setting up accounts through coinbase and korbit can be a bit tedious at first, but once you understand how it all works it is extremely easy to remit money and very cheap. A few notes:

What state are you from? Coinbase only operates for US residents if you have residency in one of these states: https://support.Coinbase.Com/customer/portal/articles/1826671-what-countries-us-states-are-supported-for-coinbase-exchange-

the price of bitcoin

Also, it doesn’t take 4 days anymore- mine has been taking about 2 days once I sell my coins.

I would agree that at most it will cost $5. I don’t even think any of my remittances have cost that much yet. Usually it costs less than $1 or $1-$2.

Some people are a little apprehensive because of bitcoin’s volatility, but the volatility only occurs day-to-day. In other words, the bitcoins you bought are not going to drastically lose value in the 30 minutes it takes to transfer them from your korbit account to your coinbase account. I’ve used bitcoin for remittance many times, and at most, the price will only go up or down a dollar or two.

I believe there may be another thread in here about how to set up bitcoin remittance, or if you have any questions feel free to message me or check out /r/bitcoinbeginners

the price of bitcoin

• permalink

• embed

• save

• parent

• give gold