Upbit

What is Upbit?

Upbit Korea is the largest cryptocurrency exchange in South Korea in terms of trading volume and customer base, with over 180 crypto coins/tokens listed and over 300 trading pairs readily available. Upbit's ecosystem comprises of Upbit Exchange, NFT Marketplace/Drops platform, and its Staking services.

Through its user-friendly web platform and mobile apps, Upbit offers a fast and secure trading experience and has always prioritized safety, transparency, and reliability for its users.

Upbit has gained significant security certifications since the exchange launched in 2017, including ISMS-P and ISO/IEC, attesting to its high degree of personal information and information security management. Upbit has an industry-leading, round-the-clock Artificial Intelligence FDS system and a dedicated AML team for suspicious transaction monitoring.

Through its Upbit Care Centre, Upbit offers unparalleled investor protection services, including free counseling and education on cryptocurrencies.

Upbit Singapore*, Upbit Indonesia, and Upbit Thailand are independent legal entities incorporated and regulated in their respective jurisdictions. Upbit Korea shares BTC and USDT-based pairs liquidity with Upbit Thailand and Upbit Indonesia.

*Upbit Singapore has been exempted from holding a license under the Payment Services Act ("PS Act") for DPT services.

Who are the Founders of Upbit?

Song Chi-hyung founded and chairs Dunamu, the operator of Upbit. He received his Bachelor’s degree in computer science and economics from Seoul National University.

Song Chi-hyung worked on developing mobile payment services and various IT-related projects at Danal and Inomove before founding Dunamu.

When did Upbit Launch?

Upbit launched its service in October 2017 and obtained the first virtual asset service provider (VASP) qualification in 2021.

Upbit Restricted Countries

Upbit limits its services to countries that are deemed high-risk by the FATF and UN.

How Much Are Upbit Fees?

Upbit offers a low trading fee of 0.05% in the Korean Won (KRW) trading pairs.

BTC and UDST-based trading pairs for both maker and taker are 0.25%

Is it Possible to Use Leverage or Margin Trading on Upbit?

Upbit does not support leveraged trading or offer margin trading.