Upbit Review 2025

Upbit is a cryptocurrency exchange with a 0.25% fee on trading fiat markets and a 0.2% commission in USDT/BTC markets. Overall, there are over 200 tradable coins and tokens available.

You can stake your assets with an annual reward rate of up to 17% on this exchange, led by Sirgoo Lee, the CEO.

Upbit: Company Information + Regulation

Upbit's journey in the cryptocurrency space has been marked by impressive growth. Launched in 2017 by Dunamu Inc., a South Korean fintech powerhouse with Song Chi-hyung as its chairman, this exchange quickly rose to prominence, becoming one of the world's largest exchanges by trading volume and the largest in South Korea.

Besides, Upbit Singapore, Upbit Indonesia, and Upbit Thailand operate as individual legal entities regulated in their corresponding jurisdictions.

Upbit Summary of Features

Discussing the main specifics gives us a general view of the exchange. Here's a table containing its key features:

Upbit User Levels: Features & Comparison

Like many other competitors, the exchange has designed different user levels based on verification. These levels differ in deposit and withdrawal limits:

Fees and Commissions on Upbit

Understanding the exchange's fee structure is crucial for traders considering this platform. Here's a table with specifics of Upbit's fees and commissions:

Note that these commissions might change based on event discounts, etc. The actual fee is displayed on the "Order" screen.

Tradable Coins and Assets Listed on Upbit Exchange

The platform offers an extensive range of digital assets in different categories, such as gaming. Also, it lists some of the rare ones. Coins and Tokens on Upbit:

• Bitcoin [BTC];
• Ethereum [ETH];
• Aptos [APT];
• Cronos [CRO];
• Polygon [MATIC];
• Axie Infinity Shards [AXS];
• Decentraland [MANA];
• Polymath [POLY];
• Humanscape [HUM];
• And more.

Futures and Margin Trading on Upbit: Does it Offer Such Services?

Despite its rapid growth and position among the top 5-6 exchanges worldwide, Upbit does not currently offer futures or margin trading options. Therefore, traders seeking increased profits via leverage will need to look elsewhere. Alternatives like Binance, BitMEX, or Kraken offer these advanced trading options.

Getting Started on Upbit: Step-by-Step Tutorial

Based on our investigation, the exchange's global website accepts registrations only through its app. In this Upbit exchange review, we open an account via the Singapore site. Here's a step-by-step guide to registration on Upbit:

• Navigate to the official website;
• Click on the "Sign Up" or "Register" button to begin;

• Enter your email address and create a strong password;
• Complete the captcha and agree to Upbit's terms of service and privacy policy;
• Click on the verification link received in your registered email to confirm it.

Now, your account is created. For authorization, you need to verify your identity for level 2, residential address for level 3, and bank account for level 4 of account verification. This is possible through the "Security" section in the "Settings".

Upbit Security: How Secure is it?

Cryptocurrency exchanges always try to offer several security measures to maximize safety and gain traders' trust; the discussed exchange is no different in this regard. Upbit Security:

• 24/7 Monitoring: Constant surveillance of platform activities to detect and prevent suspicious behavior.
• Two-Step Verification: Adds an extra layer of security to user accounts, requiring a second form of authentication beyond passwords.
• Fund Password: An additional password required for withdrawals, providing another security checkpoint.
• Cold Wallet Storage: secure cold wallets, significantly reducing the risk of online theft.

Upbit Payment Options: Deposits & Withdrawals

This exchange, despite many competitors with several options, does not support various methods for payments. You can learn about the supported methods here:

• Bank Transfers: Done through bank accounts via fiat currencies
• Cryptocurrency Transactions: Through crypto wallets or other exchanges, hundreds of digital assets supported

Upbit Trust Scores and Evaluations: Can You Trust it?

The company's trust scores and evaluations on CoinGecko and Trustpilot present a mixed picture. In this section, the ratings on these reputable websites will be discussed:

• CoinGecko: 7 out of 10, evaluated by the website's team

• Trustpilot: 2 out of 5, based on +10 user reviews

It's important to note that while the score on Trustpilot is too low, the number of reviews is also at a low level.

What methods are Available for Contacting Upbit Support?

This platform provides support through various channels. Some of them are available 24/7 while others are not. Upbit Customer Support:

• Support Center Phone Call: via 1588-5682, available from 9 AM to 6 PM (GMT+8), excluding weekends
• Call Center for Financial Accidents: 1533-1111, available 24/7
• Live Chat: accessible through the website
• Upbit Lounge: for 1:1 support, located at [Milim Tower 2F, 14 Teheran-ro 4-gil, Gangnam-gu, Seoul, South Korea], operates at the same time with support center

Writer's Opinion and Conclusion

Upbit is the 5^th largest crypto exchange by volume in the world. This company surveillances 24/7 and uses fund password to maintain the security and safety of data and funds.

The exchange has received a 7 score out of 10 based on the CoinGecko's algorithms.