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,one of the country’s wealthiest entrepreneurs, 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.

The platform boasts deep connections to Kakao Corp., the parent company of KakaoTalk and Kakao Pay.

Upbit also benefits from a strategic partnership with the U.S.-based exchange Bittrex, which helped it scale its asset listings and international credibility.

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

Alex Kim – CEO of Upbit

Alex Kim, based in Singapore, has been serving as CEO of Upbit Singapore since 2017. He previously held executive positions at Kakao Corp Indonesia (2014–2017) and worked as Director of Global Business Development at Kakao (IWILAB) (2013–2014). Earlier in his career, he contributed to NAVER Corp and Arthur D. Little, gaining international exposure across diverse technology and business environments.

He earned a Bachelor of Science in Business Administration and Management from Seoul National University, one of South Korea’s most prestigious institutions.

With expertise in strategy, business development, and leadership, Alex Kim also demonstrates strong capabilities in mobile devices, product management, and global market expansion, making him a key figure in the growth of fintech and digital asset ecosystems across Asia.

For more information, you can visit Alex Kim’s LinkedIn page.

Upbit Summary of Features

Discussing the main specifics gives us a general view of the company. Here's a table containing its key features as one of the most reliable crypto exchanges:

Upbit Pros and Cons Overview

When considering this company as your cryptocurrency exchange of choice, it's crucial to weigh its advantages and disadvantages.Benefits and drawbacks of Upbit:

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 asgaming. 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 market 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.

#1 Visit the Website

Navigate to the official website at the genuine URL, then click on the "Sign Up" or "Register" button to begin.

#2 Submit Details

Enter youremail 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.

#3 Complete Verification

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

How to Trade on Upbit – A Step-by-Step Guide

The trading page provides a full view of theorder book, depth chart, candlesti

ck chart, and market history. Users can choose between limit, market, and stop-limit orders depending on their strategy.

The interface displays real-time price updates, daily percentage changes, and trading volume, making it easier to track market movements. On the right panel, you can monitor different markets such as BTC/SGD, ETH/SGD, USDT/SGD, and others.

To place a trade, select your preferred order type, enter the price in SGD and the amount of BTC, and confirm. You can also use quick-percentage buttons (10%, 25%, 50%, 100%) for faster execution.

Platforms and Applications Available on Upbit

This exchange offers a proprietary trading platform for its clients.

This platform is accessible via mobile or browser. Key Features of Upbit's Platform:

• Fast, user-friendly interface with seamless navigation
• Real-time price updates for providing live information to clients
• 24/7 security monitoring for upgraded protection of funds and data
• Market data with various altcoin analyses and latest updates on trends

Mobile Apps Download Links:

• Upbit iOS
• Upbit Android

Upbit Trade Volume

Over the past three months, the exchange saw its highest trading momentum in July, followed by a period of reduced but steady volumes in August compared to June.

Based on the chart:

• Early June: Daily volumes were relatively stable, with a sharp spike around June 2 before returning to lower ranges;
• Mid–July: Activity surged, with multiple peaks reaching $8–10B, marking the highest levels during the period;
• Late July: After the peak, volumes declined but remained higher than June averages;
• August: Trading activity stabilized mostly between$2–4B, with occasional spikes above $5B, showing moderate but consistent participation.

Upbit Services

Upbit’s feature set remains highly limited compared to multi-service exchanges. While the platform offers API access for algorithmic connectivity, it does not support tools like TradingView integration, P2P desks, or auto-invest functions.

The absence of a referral program, launchpad, and NFT marketplace highlights Upbit’s focus on spot trading only, without expanding into ancillary services that competitors often use to attract retail users.

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 Security Rankings

Upbit’s security evaluation shows mixed signals. On CertiK, the exchange holds an A-grade Skynet Score of 83.52, with particularly strong performance in operational resilience (92.40) and market quality (91.53).

However, the CER.live rating drops to CCC (58/100), reflecting weaker areas such as user security (55/100) and the absence of penetration testing. Despite these gaps, the platform benefits from an active bug bounty program, ISO 27001 certification, and funds insurance, which add extra safeguards for traders.

In the table below, various security metrics of the Upbit exchange are reviewed:

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, support for hundreds of digital assets

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.

Upbit Features

The exchange's additional features, besides regular trading services, are shown in the table below:

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.

Upbit Bonuses

Upbit does not currently provide fixed deposit or welcome bonuses. Instead, the exchange organizes trading events tied to new listings. For example, in 2019 Upbit launched the CRO BTC Market Event, distributing 5 million CRO to the top 10 traders, and the AERGO KRW Market Event, awarding 750,000 AERGO across three rounds to the top five participants per round.

Occasional promotions, such as project-requested campaigns or limited referral programs, have also been held, but they are not permanent features. At present, no active bonus program is available on Upbit.

Copy Trading Services and Investment Options on Upbit

This exchange offers a staking service as an investment option suitable for earning passive income on its platform.

 Key Features and Stats:

• Earn up to 17% reward on a yearly basis
• Ethereum, Cosmos, Cardano, Solana, and Polygon available for staking
• 3 Trillion KRW of total staked assets in the exchange until June 2024
• 10% of the rewards go to the validators as fees

Unfortunately, Upbit does not offer any copy trading options at the moment.

Upbit Restricted Countries: Why & Which One

While Upbit is a dominant player in South Korea, it has some limitations for international users. These restrictions are due to international sanctions, regulatory standards, etc. Currently, the list of banned countries includes:

• Cuba
• Iran
• North Korea
• Sudan
• Syria
• United States

Note that the list might include other countries, too. Therefore, contact the company for certain information on the availability of services in your country.

Upbit Compared to Other Exchanges

This section will compare the platform's features and services against other exchanges:

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.