Hanbitco vs Korean Exchanges Comparison Tool
This tool compares key metrics between Hanbitco and major Korean exchanges (Upbit, Bithumb) to help assess their relative strength and reliability.
Hanbitco
Status: Inactive (as of Oct 2025)
Peak 24-hr Volume: $19M
User Rating: 3.0/5 (1 review)
Features: Basic spot trading
Upbit
Status: Active
24-hr Volume: $4.5B
User Rating: 4.2/5 (2K+ reviews)
Features: Spot, Futures, Staking
Bithumb
Status: Active
24-hr Volume: $3.9B
User Rating: 4.0/5 (1.7K+ reviews)
Features: Spot, Lending
Volume Comparison
Hanbitco's peak volume was $19 million, while Upbit handles over $4.5 billion daily and Bithumb over $3.9 billion.
Comparison shows the massive volume gap between Hanbitco and top exchanges.
Key Differences Summary
- Trading Features Basic Spot
- Security Unclear Disclosure
- User Support Minimal Community
- Operational Status Inactive
- Liquidity High (Upbit/Bithumb)
Looking for the low‑down on the Hanbitco crypto exchange? You’ve probably heard the name tossed around in old forum threads, but what does it actually offer today, and should you trust it with your coins? This review breaks down everything you need to know - from the platform’s features and trading stats to security concerns and how it measures up against the big Korean players.
What is Hanbitco?
Hanbitco is a South Korean cryptocurrency exchange that launched in November 2017. It markets itself as a multilingual hub, supporting English, Vietnamese and Korean users. The team behind the platform claims over 20years of combined experience in finance, yet public records reveal no clear founder details or corporate leadership, which is a red flag for anyone vetting an exchange.
Core Trading Features
Hanbitco sticks to the basics. It offers a traditional spot trading interface that lets users buy and sell cryptocurrencies for immediate settlement. There are multiple chart views and an order‑book display, but you won’t find derivatives, margin accounts or DeFi integrations that many newer platforms promote. Deposit and withdrawal methods were never fully documented, so new users often have to guess the supported fiat routes.
Market Performance Over Time
Trading volume is a quick health gauge. On 30June2019, Hanbitco recorded a 24‑hour volume of USD4.2million, landing it around #99 globally. By 2December2021, the volume jumped to USD19million, a 352% increase, but the exchange still lagged behind South Korean giants that routinely handle billions daily.
Data from CoinMarketCap - a leading crypto market data aggregator - confirms these figures. However, recent volume reports are missing, hinting that activity may have dried up.
Security and Regulatory Standing
Security details are vague. The platform never disclosed its cold‑storage percentage or whether it undergoes regular audits. In contrast, industry standards by 2025 demand institutional‑grade custody, something Hanbitco never advertised.
Regulatory compliance is equally murky. The terms of service mention support for U.S. users without listing prohibited jurisdictions, a rarity among Korean exchanges that usually ban Americans due to AML complexities. No licensing information is publicly available, making it hard to verify if Hanbitco meets South Korean financial regulations.
Monitoring service Cryptowisser flagged the exchange as inactive sometime in the last year, though the exact date isn’t disclosed.
User Experience and Community Feedback
Feedback is almost non‑existent. On Cryptogeek, the exchange earned a 3.0/5 rating based on a single review. The lone reviewer mentioned “basic UI but limited support.” Compared with platforms like Changelly, which holds a 4.4 rating from 56 users, Hanbitco’s community presence is negligible.
Reddit, Telegram and other crypto forums scarcely mention the exchange. No major security incidents or withdrawal complaints have been recorded, but the silence could simply reflect a tiny user base rather than flawless performance.
How Hanbitco Stacks Up Against Major Korean Exchanges
| Exchange | 24‑hr Volume (USD) | Avg User Rating | Key Features |
|---|---|---|---|
| Hanbitco | ~19M (peak 2021) | 3.0 (single review) | Basic spot trading, multilingual UI |
| Upbit | ~4.5B | 4.2 (2K+ reviews) | Spot, futures, staking, strong KYC |
| Bithumb | ~3.9B | 4.0 (1.7K+ reviews) | Spot, lending, robust security |
Even at its peak, Hanbitco’s volume was a fraction of Upbit’s or Bithumb’s, and its user sentiment lags far behind. If you need deep liquidity, advanced order types, or proven security, the larger exchanges clearly have the edge.
Is Hanbitco Still Active?
As of October2025, the platform shows no recent announcements, social‑media posts, or updated trading data. The inactivity flag from Cryptowisser, combined with a silent website, suggests that the exchange may have shut down or is operating at a minimal level. For anyone considering depositing funds, the prudent move is to treat Hanbitco as dormant and look for alternatives with transparent operations.
Bottom Line
If you stumble upon Hanbitco while scrolling through an old list of Korean exchanges, ask yourself: do you want a platform with limited features, no clear security disclosures, and an uncertain operational status? Most users will find better value, safety, and liquidity on established exchanges like Upbit or Bithumb. Always prioritize exchanges that publish audit reports, have active community support, and show consistent trading volume.
Frequently Asked Questions
Is Hanbitco safe to use in 2025?
Safety cannot be confirmed. The exchange does not disclose cold‑storage ratios, audit results, or licensing information, and monitoring services have flagged it as inactive. It’s advisable to avoid new deposits.
What trading pairs does Hanbitco support?
Only basic spot pairs were listed, primarily major coins like BTC/USDT, ETH/USDT, and a handful of altcoins. No futures, margin, or DeFi tokens were offered.
How does Hanbitco’s volume compare to Upbit?
At its 2021 peak, Hanbitco hit about USD19million daily, while Upbit consistently processes over USD4billion per day. The difference is over 200‑fold.
Can U.S. users create an account on Hanbitco?
The terms mention support for U.S. users, but without clear KYC or AML procedures, it’s risky. Most U.S.‑focused exchanges now require stringent verification, which Hanbitco does not clearly provide.
What’s the best alternative to Hanbitco for Korean traders?
Upbit and Bithumb are the go‑to choices. They offer high liquidity, robust security, extensive coin listings, and active customer support in Korean.
katie littlewood
July 4, 2025 AT 23:20When you’re looking at a crypto exchange that has gone dark, the first thing to remember is that lack of transparency is a massive red flag that can’t be ignored.
Even though Hanbitco once marketed a multilingual interface, the absence of clear leadership or regulatory licensing makes its credibility highly questionable.
Investors should always start by verifying whether an exchange publishes cold‑storage ratios and undergoes third‑party audits.
If those details are missing, the risk of a rug pull or loss of funds skyrockets.
In 2025, the industry standard is institutional‑grade custody, and any platform that doesn’t meet that benchmark should be treated with extreme caution.
Moreover, the volume disparity is staggering – a peak of $19 million versus billions on Upbit and Bithumb illustrates a liquidity crunch that can cause huge slippage.
Liquidity matters because it determines how easily you can enter or exit positions without affecting market price.
When liquidity is low, even modest trades can move the market, leading to unfavorable fills.
Another crucial factor is the user community; a thriving community often signals active support and rapid issue resolution.
Hanbitco’s near‑nonexistent presence on Reddit, Telegram, and other forums suggests a dwindling user base and possibly limited customer service.
Security is not just about cold storage; it also includes robust KYC/AML procedures, regular penetration testing, and transparent incident reporting.
The exchange’s vague stance on U.S. users and missing licensing info further erodes trust.
Regulators worldwide have tightened standards, and reputable exchanges now display their compliance certificates prominently.
In contrast, Hanbitco’s silence on these matters should set off alarm bells for any prudent investor.
Bottom line: prioritize platforms like Upbit or Bithumb that provide clear security disclosures, high liquidity, and active community channels.
Bobby Ferew
July 14, 2025 AT 23:20From a risk‑management perspective, the opacity of Hanbitco’s operational metrics introduces systemic uncertainty that cannot be reconciled with modern portfolio diversification frameworks.
Mark Camden
July 24, 2025 AT 23:20While your observation about opacity holds some merit, it neglects the fact that regulatory filings in South Korea are notoriously opaque themselves, and many exchanges operate under similar constraints.
celester Johnson
August 3, 2025 AT 23:20One could argue that the existential dread surrounding an inactive platform mirrors the broader philosophical question of whether we can ever truly trust a digital ledger without tangible proof of custodial integrity.
Prince Chaudhary
August 13, 2025 AT 23:20I respect the need for caution, yet it is also important to recognize that smaller exchanges can serve niche markets effectively when they maintain clear communication channels.
John Kinh
August 23, 2025 AT 23:20Honestly, if you’re not going to check the basics, why even bother? 😒
Evie View
September 2, 2025 AT 23:20The whole thing reeks of half‑baked promises and a glaring lack of accountability, which is exactly why I steer clear of such dubious platforms.
Somesh Nikam
September 12, 2025 AT 23:20For anyone still on the fence, consider the opportunity cost of locking funds in an exchange that might not even process withdrawals – better to keep assets in a hardware wallet where you control the keys :)
MARLIN RIVERA
September 22, 2025 AT 23:20Bad exchange.
Debby Haime
October 2, 2025 AT 23:20Staying positive, if you’re looking for alternatives, Upbit and Bithumb provide robust ecosystems that can support both novice and advanced traders alike.