What is the meaning of KRW in the context of cryptocurrency?

3 answers

• Dec 17, 2021 · 3 years ago
  KRW stands for Korean Won, which is the official currency of South Korea. In the context of cryptocurrency, KRW refers to the trading pair with various cryptocurrencies on Korean exchanges. It is used to denote the value of cryptocurrencies in terms of Korean Won. For example, BTC/KRW represents the exchange rate of Bitcoin to Korean Won. Korean exchanges like Binance and BYDFi offer trading pairs with KRW, allowing users to buy and sell cryptocurrencies using Korean Won. The value of cryptocurrencies in KRW can fluctuate based on market demand and supply on Korean exchanges.
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• Dec 17, 2021 · 3 years ago
  KRW is short for Korean Won, the currency used in South Korea. In the world of cryptocurrency, KRW is often used as a trading pair with popular cryptocurrencies like Bitcoin and Ethereum. This means that you can buy or sell these cryptocurrencies using Korean Won on certain exchanges. The value of cryptocurrencies in KRW can vary depending on market conditions and the exchange rate. It's important to note that KRW is specific to the Korean market and may not be available on all cryptocurrency exchanges.
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• Dec 17, 2021 · 3 years ago
  KRW, also known as Korean Won, is the fiat currency of South Korea. In the context of cryptocurrency, KRW is used as a trading pair to represent the value of cryptocurrencies in terms of Korean Won. This allows users to easily understand the price of cryptocurrencies in their local currency. For example, if the price of Bitcoin is 10,000,000 KRW, it means that 1 Bitcoin is worth 10,000,000 Korean Won. KRW trading pairs are commonly available on Korean cryptocurrency exchanges, such as Binance and BYDFi, and provide a convenient way for users to trade cryptocurrencies using their local currency.
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