UPbit

UPbit

  • Korea (Republic of)

  • Full trading platform

  • Upbit.com

  • Since 2018

UPbit
In Social Media:
Complex Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $444,083,680

UPbit is a popular South-Korean professional trading platform that provides trading for many cryptocurrencies against the Korean Wan. This exchange can be used internationally but users need a South Korean bank account and phone number. The platform is an integrated service with Bittrex, so customers of Bittrex are also able to trade on UPbit exchange.

This dashboard of this platform is complex with a sleek design, mostly intended for experienced traders. Due to its integration with the secured services of Bittrex exchange and BitGo wallet, this platform stands out as being trustworthy for users to store larger amounts of crypto assets.

Language Support

  • Korean

Country Support

  • Korea (Republic of)

Platforms Systems

  • Web Interface
  • Mobile App
  • API

Partners and integrated software

  • Bitgo

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows the movement or resizing of boxes

Advanced
Options:

  • Limit Order
  • Market Order
  • Good till canceled order (GTC)

Discounts For
The Big Traders:

  • Volume based discounts

UPbit security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
User funds (80%+) are held in cold storage with a registered"Custodian".

Advanced Security Features:

  • Email reports of logins
  • Email Notification of withdrawal
  • SMS notification of Login's

Security Features:

  • SSL
  • Protection from DDoS attackes

Legal Registration or Compliance:

  • KYC/AML Compliant
  • Incorporation Documents

UPbit was launched in 2017 by South Korean internet company Kakao, that also developed one of the most popular mobile messaging apps in Korea, called Kakao Talk. This platform is the first exchange to offer a Korean Won trading market for Ethereum. Key persons behind this trading platform are Kim Beom-soo and Rim Ji-hoon.

Summary:

With several currencies available for trading and with its services integrated with Bittrex and Bitgo, this platform gained fast traction in South Korea. Although it was launched in October 2017, this platform already trades a considerable amount of cryptocurrency volume, making it one of the top three exchange choices in the South Korean Blockchain community.

Ease of use
Complex
Transaction Fees
Between 0.05-0.20% depending on volume
Deposit/Withdrawal Fee
It's free (fees may be hidden), 0.0005 BTC /Withdrawal
Deposit/Withdrawal Fee c For Bank Transfer
It's free (fees may be hidden), 1,000 WON/Withdrawal
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Withdrawl funds to bank account, Send/Receive Crypto

Functionality:

This platform offers a mobile app for iOS and Android devices, extensive trading functionalities like advanced chart views and for professional traders and multiple crypto trading pairs against the KRW or USDT.

Most common
customer complaint:

Missing funds, transaction errors