Korea won are the official currency of South Korea. The international abbreviation for this currency is KRW. The won symbol is a W with two horizontal lines through it. A few online casinos allow residents of South Korea to play directly with their won. A list of Korea won casinos is available on this page.
Overview of the Korea Won
The modern won has been the official currency of South Korea since its inception in 1962. The fast growth of online industries in South Korea has led more e-merchants to accept won for payment. However, few online casinos have adopted the won in their cashier systems. As such, most players from South Korea gamble using a different currency, such as the euro or the US dollar.
Exchanging the Korea Won
If you are a resident of South Korea who wants to play at an online casino, you will likely find that won are not supported. This means that you will need to exchange your won for a currency the casino accepts (usually euros or US dollars). You can ask the casino’s support team for assistance. In most cases, you’ll be referred to an e-wallet with exchange capabilities.
If you live outside of South Korea but want to play at one of the casinos that uses won, check to see if the casino also accepts other currencies. Your local currency may be accepted through certain deposit methods. If not, consider exchanging your currency for something the casino accepts. The casino may be able to do this for you, or help you find a third-party service to do the exchange for a fee.
Banking with the Korea Won
Deposits in Korea won can be done through a variety of methods. The most common ones include credit cards, e-wallet transfers, and local money transfers. However, you will need to look at your casino’s cashier for a list of the specific methods available to you. Make sure to compare fees and processing times before settling on a deposit option.
To withdraw Korea won, go into the casino’s cashier and look at your options in the “Withdrawal” or “Cashout” section. Most casinos feature a direct bank transfer and e-wallet transfers. Some sites may feature additional options, like money transfers and local payment options. If you’re unsure about a particular method, don’t hesitate to contact casino support.