Trading Volume (24h)
¥16,071,013,899.38
20,484 BTC
👉 Explore Upbit's trading platform
About Upbit
What is Upbit?
Upbit is currently South Korea's largest cryptocurrency exchange by trading volume. The platform enables users to trade various cryptocurrencies against Bitcoin pairs using Korean Won (KRW). Partnering with U.S.-based Bittrex exchange, Upbit experienced exponential growth within three months of launch.
A unique feature is integration with Kakao Stock platform, allowing seamless digital asset trading directly through Korea's popular messaging app.
During December 2017's crypto boom peak, Upbit recorded:
- Average daily trading volume: $4.5 billion
- Single-day record: $11 billion
Founders and Launch
Founder: Song Chi-Hyung (CEO of Dunamu)
- Holds computer science and economics degrees
- Received investment from tech giant Kakao
- Partnered with Bittrex in October 2017
Launch Date: October 24, 2017
Headquarters: Seoul, South Korea (expanded to Singapore, Indonesia, and Thailand in 2018)
Supported Countries and Restrictions
- Not available: United States
- Restricted in FATF high-risk jurisdictions and sanctioned countries
Trading Details
| Feature | Details |
|---|---|
| Supported Coins | 170+ cryptocurrencies (288 trading pairs) |
| Trading Fees | 0.25% for both makers and takers |
| Withdrawal Fees | Varies by cryptocurrency |
| Margin Trading | Not supported (as of October 2022) |
Top Markets on Upbit
| # | Coin | Pair | Price (¥) | 24h Volume (¥) |
|---|---|---|---|---|
| 1 | StormX | STMX/KRW | 0.001112 | 2,623,512,875 |
| 2 | NEM | XEM/KRW | 0.01367 | 2,153,679,842 |
| 3 | XRP | XRP/KRW | 16.09 | 1,490,464,694 |
| 4 | Bitcoin | BTC/KRW | 782,377.22 | 912,931,281 |
| 5 | Moo Deng | MOODENG/KRW | 1.31 | 799,487,444 |
FAQ
Q: How does Upbit compare to other Korean exchanges?
A: Upbit leads in trading volume and offers unique KakaoTalk integration, but has higher fees than some competitors.
Q: Is Upbit safe to use?
A: Yes, it implements standard security measures including two-factor authentication and cold wallet storage.
Q: Can I trade fiat currencies on Upbit?
A: Primarily KRW pairs are available, with limited direct fiat options.
Q: What's the minimum deposit amount?
A: Varies by cryptocurrency—check individual coin requirements in the deposit section.
Q: Does Upbit have a mobile app?
A: Yes, available for both iOS and Android with full trading functionality.
Q: How long do withdrawals take?
A: Typically processed within 30 minutes, but may vary during network congestion.