Upbit Review
Editorial record: June 1, 2026
Trading Fees
0.25% / 0.25%
Cryptocurrencies
180+
Founded
2017
Source status
Sources linked
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
Editorial desk producing public-source crypto product research. Pages identify their evidence and limitations; hands-on testing is claimed only when dated evidence is shown.
Last Updated: June 1, 2026
Editorial MethodUpbit launched in South Korea in 2017 and is operated by Dunamu. It lists KRW markets for eligible users with linked Korean bank accounts. Base trading fees are 0.25% maker and taker. The exchange lists about 180 cryptocurrencies and 330 trading pairs.
Upbit reported a 2019 hot-wallet breach involving 342,000 ETH. Dunamu stated that it covered the loss. Upbit lists Korean VASP registration, ISMS certification, and cold storage controls.
Product access differs outside South Korea. Confirm current banking, identity, and country requirements before opening an account.
Our Editorial Verdict
Upbit provides KRW markets for eligible users with verified Korean bank accounts. It lists about 180 cryptocurrencies and charges 0.25% for maker and taker orders.
The Korean service uses real-name identity checks. Upbit lists VASP registration and ISMS certification. Regulatory registration does not remove market, custody, or access risk.
Upbit reported a 2019 hot-wallet breach involving 342,000 ETH. Dunamu stated that it covered the loss and users did not bear the loss.
May suit: Eligible Korean residents who need its KRW markets and local bank connections.
Skip Upbit if: You cannot use its supported banking routes, need derivatives, or require lower published trading fees.
Upbit overview: KRW access, fees, and security history
Upbit launched in October 2017 through Dunamu and an initial partnership with Bittrex. It became a major venue for South Korean KRW trading.
Eligible Korean users must link a supported bank account under the real-name verification system. Bank availability and processing times can change.
The Kimchi premium is a price difference between Korean and international markets. The size and direction of the difference change with supply, demand, and capital controls.
Upbit lists Korean VASP registration and ISMS certification. Confirm current registration and permitted services in the relevant official registers.
Upbit offers spot trading and does not list futures, margin, or options in the current product data. The exchange lists about 180 cryptocurrencies.
Upbit trading and withdrawal fees
Upbit lists 0.25% maker and taker fees for spot trades. It does not list volume tiers or token-based discounts in the current data.
A 10,000,000 KRW trade costs 25,000 KRW at a 0.25% fee. A sale creates a separate fee.
Withdrawal fees depend on the asset and network. Compare Upbit with Binance, BingX, and OKX. Check every current schedule before trading.
Set up an Upbit account
Upbit applies different registration rules by country. Korean residents use real-name identity checks and a supported Korean bank account.
- Open the official Upbit service for your country.
- Confirm the domain before entering personal information.
- Register with the required phone number and identity details.
- Complete the bank or identity checks required for your region.
- Enable two-factor authentication and withdrawal address controls.
- Review the deposit network before sending crypto.
- Test a small transfer when you use a new address.
- Check the order price and 0.25% fee before confirmation.
Save account and transaction records for tax and dispute purposes.
Upbit security and the 2019 breach
Upbit reported a November 2019 hot-wallet breach involving 342,000 ETH. Dunamu stated that it covered the loss and users did not bear it.
Upbit states that about 70% of customer assets are in air-gapped cold storage. It also lists multi-signature controls and withdrawal address restrictions.
The exchange holds ISMS certification from KISA. Certification requires defined security controls and audits, but it does not guarantee that a breach cannot occur.
New withdrawal addresses can have a waiting period. Account holders must still protect credentials and verify every network and address.
Review Upbit's current custody disclosures, incident notices, and legal terms before depositing funds.
Upbit spot markets and platform tools
Upbit focuses on spot trading. It does not list futures, margin, options, or leverage in the current product data.
The platform lists market, limit, and conditional orders. Charting includes TradingView tools and common indicators.
Upbit lists about 180 cryptocurrencies across approximately 330 trading pairs. The Korean service focuses on KRW markets.
The mobile app provides trading, charts, alerts, deposits, and withdrawals. App features and store ratings can change by country and device.
Spot-only trading avoids liquidation from exchange derivatives. It does not remove price, custody, liquidity, or operational risk.
Upbit and alternative exchanges
A supported Korean bank account is central to Upbit's KRW service. Users without that access should compare other eligible platforms.
| Feature | Upbit | Bithumb | Binance | OKX |
|---|---|---|---|---|
| Base spot maker/taker | 0.25% / 0.25% | Check current schedule | 0.10% / 0.10% | 0.08% / 0.10% |
| Main fiat market | KRW | KRW | Several routes | Several routes |
| Derivatives | Not listed | Varies | Listed | Listed |
| Korean bank link | Required for full KRW access | Required | No | No |
Upbit offers local KRW integration and Korean regulatory registration. Binance and OKX list lower base fees and more products.
Also review BingX if its products are available in your country. Compare fees, custody, assets, and legal access.
Public user feedback about Upbit
Public reviews describe individual experiences and do not establish platform security or service quality.
Positive comments often mention KRW transfers, the mobile app, and local market access. Critical comments often mention the 0.25% fee, identity checks, and limited derivatives.
Review scores and counts change over time. Read recent reports about the same country, product, and issue that applies to you. Never share credentials with a person who claims to provide support.
Upbit product and fee comparison
The table compares published product information. Fees, asset lists, and access rules can change.
| Feature | Upbit | Bithumb | Coinone | Binance | Kraken |
|---|---|---|---|---|---|
| Base spot fee | 0.25% | Check current schedule | Check current schedule | 0.10% | 0.25% / 0.40% |
| Main fiat market | KRW | KRW | KRW | Several routes | USD and EUR routes |
| Listed assets | About 180 | Varies | Varies | 350+ | 250+ |
| Derivatives | Not listed | Varies | Not listed | Listed | Varies by region |
Upbit's main distinction is its Korean bank and KRW integration. Compare local eligibility, custody, and total costs before choosing a platform.
Pros & Cons
What We Like
- Provides KRW markets for eligible users with linked Korean bank accounts
- Lists Korean VASP registration and ISMS certification
- Offers about 180 cryptocurrencies and approximately 330 trading pairs
- Uses a spot-focused interface without listed derivatives
- States that about 70% of customer assets are in cold storage
- Dunamu stated that it covered the loss from the 2019 breach
- Provides mobile trading, charts, alerts, deposits, and withdrawals
What Could Be Better
- Lists a flat 0.25% maker and taker fee without volume discounts
- Full KRW access requires supported Korean banking and identity checks
- Does not list futures, margin, options, staking, lending, or earn products
- Reported a 2019 hot-wallet breach involving 342,000 ETH
- Lists fewer assets and new tokens than some global competitors
- English support and documentation vary by regional service
- Non-Korean services do not provide the same KRW access
What to check
This profile summarizes public-source information. Check the linked evidence for each factor before you decide.
- Trading Fees
- Security
- User Experience
- Customer Support
Upbit vs Exchanges
| Feature |  |  |  |  |
|---|---|---|---|---|
| Trading Fees | 0.25% / 0.25% | 0.1% / 0.1% | 0.1% / 0.1% | 0.2% / 0.2% |
| Cryptocurrencies | 180+ | 490+ | 700+ | 200+ |
| Security | 2FA available | 2FA available | 2FA available | 2FA available |
| Read Review → | Read Review → | Read Review → | Read Review → |
Frequently Asked Questions
Upbit is a Korean VASP and lists ISMS certification. It reported a 2019 hot-wallet breach involving 342,000 ETH. Dunamu stated that it covered the loss. Upbit also lists cold storage and withdrawal controls. Registration and past results cannot guarantee future safety.
Upbit lists a flat 0.25% fee for maker and taker spot orders. The current data does not list volume discounts or token-based reductions. Withdrawal fees depend on the asset and network. Check the current fee schedule before trading or withdrawing.
Korean residents must complete real-name identity checks and link a supported Korean bank account for full KRW access. Upbit can require a Korean phone number and resident details. Rules differ for other regional services. Check current country requirements before registering.
Upbit operates regional services in selected countries, including Indonesia, Thailand, and Singapore. Product access differs from the Korean service. KRW markets require supported Korean banking and identity checks. Confirm current country availability, asset access, and payment routes.
The Kimchi premium is the price difference between Korean and international crypto markets. Korean prices can trade above or below global prices. The gap changes with demand, liquidity, capital controls, and exchange access. It does not guarantee an arbitrage profit.
Upbit states that about 70% of customer assets are in air-gapped cold storage. It also lists multi-signature controls, two-factor authentication, anti-phishing codes, and withdrawal address restrictions. Review the 2019 breach and current custody disclosures before depositing funds.
Yes. Upbit offers mobile apps for iOS and Android. The apps include trading, charts, alerts, deposits, and withdrawals. Features, availability, and app-store ratings can change by country and device. Use only official store listings.
Upbit lists ticket support through its website and app. Korean users can also have access to phone support during listed business hours. Languages, channels, and response times vary by country and issue. Use only official support links.
Upbit lists about 180 cryptocurrencies across approximately 330 trading pairs in the current structured data. Available assets depend on the regional service. Check liquidity, network support, and withdrawal terms for the exact asset before trading.
KRW withdrawal timing depends on the supported bank, banking window, account review, and maintenance. Crypto withdrawals depend on security checks and network confirmation. New accounts or addresses can have additional holds. Check the displayed status and fee before confirmation.
Yes. Upbit requires identity verification. Korean residents use the real-name system and a supported Korean bank account for full KRW access. Other regional services can require identity documents and facial verification. Requirements and limits vary by country.
Upbit offers a focused spot interface and local KRW access for eligible Korean users. It does not list derivatives in the current product data. New users should learn fees, custody, order types, and network selection before depositing funds.
Upbit support differs by country and language. Korean users can access local documentation and listed phone hours. Other regional services use their own help channels. Response times vary by issue. Use official links and never share authentication codes.
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Upbit offer details
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Upbit alternatives
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When to skip Upbit
Skip Upbit if you need protections that its current license or custody terms do not provide.
Sources & References
Market Data
User Reviews
Documentation
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.