Hello everyone,

The Kimchi Premium was a topic mostly prominent in 2017 when BTC traded several thousand dollars higher on South Korean exchanges like Bithumb or Upbit. Fast forward to today and the premium still exists but is only around 4%.

My question is whether the premium is actually tradable for someone who is not a South Korean resident. I can't find a definite answer. I'm especially wondering what exactly makes it so hard to trade the premium. What are the steps necessary to do so? In some article I read that one would need a bank account at South Korean Bank. There was also something very vague stated about taxes that you would have to pay in South Korea. To what extent do these (and other?) factors complicate or even inhibit trading the Kimchi premium?

Thanks in advance

Hi,
I'm from Germany and would like to have my Bithumb account verified. It seems like there are very few people outside Korea who have actually done it and they don't give any valuable information on how to do it. The Bithumb website doesn't give to much information as well.

I'm especially confused with the details of the documents one has to send to Bithumb.
What parts of my Passport should be covered?
Are there any limits or special requirements for the uploaded file? Bittrex for example has a limit of 8GB and 8000 squarepixels for the uploaded documents.

How long does the verification process take? I've read from different sources that sometimes Bithumb doesn't respond at all.

Can anyone here please help me out with my questions?

Thanks in advance

Hi,
I'm from Germany and would like to have my Bithumb account verified. It seems like there are very few people outside Korea who have actually done it and they don't give any valuable information on how to do it. The Bithumb website doesn't give to much information as well.

I'm especially confused with the details of the documents one has to send to Bithumb.
What parts of my Passport should be covered?
Are there any limits or special requirements for the uploaded file? Bittrex for example has a limit of 8GB and 8000 squarepixels for the uploaded documents.

How long does the verification process take? I've read from different sources that sometimes Bithumb doesn't respond at all.

Can anyone here please help me out with my questions?

Thanks in advance

Hello guys,

Is it possible to find out where the coins in a specific wallet are stored e.g. an exchange, an online wallet or cold storage?

Thanks in advance