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Crypto exchanges (34)
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UpBit

Features

Feature Overview

Real Coins
Yes
Transferable to own wallet
Yes
Savings plan
No
Staking
No
NFT Marketplace
No
Tradingtools
Yes
Two-factor authentication
Yes
Deposit protection
Yes
Available for US users?
No

Unique Features

Over 1800+ coins
Spot and futures trading options
Recurring buy feature

Tradable Assets

Cryptocurrencies

Trading Options

Derivatives
Margin trading (leverage)
Futures
Options

UpBit

User Interface

Our

UpBit

Review

Test Result

Overall rating
6
10
Operation
7
/10
complicated
simple
Functions & Scope
6
/10
simple
extensive
Fees & costs
10
/10
high
low
Security & Trust
3
/10
low
high
Beginner friendliness
2
/10
unsuitable
very suitable
Support
6
/10
bad
good

Conclusion

Upbit is a South Korean cryptocurrency exchange that offers many pairs in the Korean won fiat currency. Founded in 2017, Upbit has partnered with Bittrex, a leading US crypto exchange.

By  
Ethan Parker
Senior Content Editor

Pro's & Con's

What we like:
What we don't like:
POWERED BY AI

UpBit

User Reviews

We compile and highlight user feedback from leading review platforms, social networks, and various online sources to provide you with a comprehensive overview of user experiences and user reviews
reddit
g2 crowd
twitter
trustpilot
sikayetvar
Propose change
Operation and user-friendliness

The interface is modern, easy to navigate, and looks good. However, the platform is not regulated in the United States and is not available to U.S. customers

Functions and offer

UpBit is a well-known cryptocurrency exchange known for its wide range of features, affordable fees, and strong trading platform

Beginner friendliness

UpBit has a low rating based on customer reviews, with users mostly dissatisfied especially when it comes to the usablity of their platform

Fees and costs

The fee structure is recognized for its competitiveness. However, the transparency around the costs of overnight positions and financing could be improved, according to some users.

Security and trust

UpBit has received poor reviews from users, with many reporting issues with withdrawals and account freezes8

Support

User experiences with UpBit's support are inconsistent. Some commend the prompt and helpful service, while others point out longer wait times and insufficient solutions

Conclusion –
UpBit

UpBit provides a modern and navigable interface, yet it faces accessibility issues in the U.S. and mixed reviews on usability. While fees are competitive, the lack of transparency and varying customer support experiences suggest areas where UpBit could improve.

About

UpBit

UpBit

Centralized Exchange
The Company
UpBit
Headquarters
South Korea
Company size
Medium
Regulation
MAX, MPI
Founder
Alex Kim
Year of foundation
2015

Summary

UpBit
By
Ethan Parker
Updated:
April 7, 2024
Crypto Exchange
Cryptos
Trading Fee
Withdrawal Fee
For US 
Users?
EF
Score
1,800
0
%
0.0003
No
9.8
/10
600
0.1
%
0.0002
Yes
9.4
/10
400
0.1
%
0.0005
No
9.3
/10
300
1.49
%
0.000079
No
9.2
/10
700
0.1
%
0.0005
Yes
8.9
/10
185
0.26
%
0.0002
Yes
8.8
/10
80
1
%
$5
Yes
8.8
/10
190
0.25
%
0.00002
No
8.8
/10
240
0.1
%
0.0005
No
8.5
/10
339
0.05
%
0.0005
No
8.5
/10
220
1.49
%
0.000079
Yes
8.3
/10
9
0.35
%
0.0006
Yes
8.2
/10
75
0.5
%
0.0005
Yes
8.1
/10
280
0.2
%
0.0004
No
8.1
/10
250
0.4
%
0.0005
Yes
8
/10
20
0.3
%
0 - 2%
No
8
/10
283
0.1
%
0.0005
No
8
/10
50
2
%
0.99% - 0.69%
No
7.9
/10
14
1%
%
0.99% - 0.69%
No
7.8
/10
260
0.1
%
0.0004
No
7.8
/10
24
0
%
0.000079
No
7.7
/10
18
1.25
%
0 - $10
No
7.5
/10
1
2.5
%
0.4% - 1%
No
7.5
/10
138
0.25
%
0.0005
Yes
7.5
/10
226
0.1
%
0.0004
No
7.4
/10
512
0.2
%
0.0005
No
7.2
/10
300
0.2
%
0.0005
Yes
7.1
/10
15
0.2
%
0.0004
No
7.1
/10
8
0.5
%
0.000079
No
7
/10
100
1.99
%
0.001
Yes
6.5
/10
48
0.1
%
0.0005
No
6.5
/10
151
0.1
%
0.00009
No
6.3
/10
70
0.4
%
0.30%
No
6.1
/10
182
0.25
%
0.0009
No
6
/10

About the author

Ethan Parker
Senior Content Editor

Ethan is the go-to crypto guru at Exchange Flow, with nearly a decade steering traders through crypto exchange platforms worldwide, Ethan brings welcome clarity to the complex terrain of digital currencies. His hands-on approach to testing and analyzing exchanges worldwide makes his reviews and articles valuable information for readers and newcomers in the crypto world. Beyond his crypto expertise, Ethan is a retro gaming enthusiast and an explorer at heart, using his crypto gains to fuel adventures around the world. Dive into Ethan’s articles and reviews for a global perspective on cryptocurrency that’s as enlightening as it is engaging.

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The information on this website is for educational purposes only and is not an investment recommendation. It should not be seen as a promise of specific outcomes or as urging you to invest. Buying cryptocurrencies is risky and could lead to losing all your invested money. This site doesn't offer investment advice. We're not responsible for the accuracy or usefulness of the information here, nor will we compensate for any financial losses.