Among the multitude of cryptocurrency platforms, UPbit stands out as a leading South Korean exchange offering a robust trading interface and a vast selection of digital assets. But what truly sets it apart? In this comprehensive UPbit review, we’ll explore its features, fees, security, and more to determine if it’s the right choice for traders in 2025.
Summary
- UPbit is a South Korean crypto exchange operating in Indonesia, Thailand, Singapore, and most countries globally.
- Supported by Kakao and Bittrex, UPbit is a trustworthy and globally reputable platform.
- Features a mobile app for iOS and Android devices for seamless trading on the go.
- Deposits and withdrawals are exclusively via bank transfers.
- Trading fees range from 0.05% to 0.25%, varying by region.
- Implements stringent security measures, including multi-level verification and 2FA.
- Customer support includes FAQs, email, phone, and KakaoTalk.
What Is UPbit?
UPbit is a premier cryptocurrency exchange offering 297 crypto assets across 289 markets, with a staggering $11 billion daily trading volume. It provides advanced trading tools, real-time news, and analytics, making it a top choice for serious traders.
Key Features:
- Supported by Industry Giants: Backed by Bittrex (a major US exchange) and Kakao Corp (a South Korean fintech leader).
- Extensive Asset Selection: Over 200+ digital assets and trading pairs.
- Order Types: Limit Order, Market Order, and Stop-Limit Order.
👉 Discover more about UPbit’s trading pairs
UPbit Mobile App
The UPbit mobile app (available for iOS and Android) offers:
- Real-time price alerts.
- 24/7 market monitoring.
- Customizable notifications.
- Advanced altcoin analysis tools.
The interface is intuitive, featuring order books, candlestick charts, and trading pairs.
How to Use UPbit?
1. Account Creation
- Visit the UPbit official website.
- Sign up with an email and password.
- Complete email verification.
Note: Non-supported countries require KakaoTalk and KakaoPay for registration.
2. Deposits & Withdrawals
- Bank transfers only (no credit/debit cards).
- Withdrawal limits: 50,000 SGD per transaction (100,000 SGD daily).
3. Account Verification
UPbit enforces four verification levels, each with increasing limits:
- Level 1: Basic info (email, phone).
- Level 4: Full KYC (ID, proof of address).
UPbit Fees & Limits
- Trading Fees: 0.05%–0.25% (lowest in South Korea).
- Withdrawal Fees: Vary by asset (see full list).
Minimum Order Limits:
- BTC Markets: 0.0005 BTC.
- USDT Markets: 0.0005 USDT.
- SGD Markets: 0.5 SGD.
Security Measures
UPbit prioritizes safety with:
- Multi-Level Verification.
- Fund Password (required for withdrawals).
- 2FA via Google Authenticator.
- 24/7 Monitoring and firewall systems.
Despite a 2019 hack ($283M stolen), UPbit reimbursed all affected users.
Customer Support
- FAQs and detailed guides.
- Email, phone, and KakaoTalk support.
- Active on Twitter, Facebook, and Instagram.
Pros & Cons
✅ Pros
- 200+ cryptocurrencies and 150+ trading pairs.
- Mobile app for iOS and Android.
- Strong security (2FA, fund password).
- Low trading fees (0.05%–0.25%).
❌ Cons
- Limited fiat support (6 currencies).
- Not available in the US.
- Complex verification process.
Conclusion
UPbit is a top-tier exchange ideal for South Korean traders, offering extensive assets, low fees, and robust security. While its verification process is rigorous, it ensures a secure trading environment.
For global traders, alternatives like OKX may offer more flexibility.
Frequently Asked Questions
1. Where is UPbit based?
UPbit is headquartered in South Korea, with operations in Singapore, Thailand, and Indonesia.
2. Does UPbit support corporate accounts?
Yes. Companies can email [email protected] for assistance.
3. What order types does UPbit support?
- Limit Order
- Market Order
- Stop-Limit Order
- Pre-Order
4. Is UPbit safe?
Yes. Features like 2FA, fund passwords, and 24/7 monitoring ensure high security.
5. Why didn’t I receive a verification email?
- Check spam/junk folders.
- Ensure the correct email was submitted.