Upbit

Upbit is a South Korean centralized exchange with branches in Singapore, Indonesia and Thailand. On Upbit users can buy and sell cryptocurrency, the exchange also provides access to a wallet, where there is an opportunity to store digital assets. Upbit cryptocurrency exchange was launched in 2017 and was only available to South Korean citizens, but subsequently a global version appeared.

To use the exchange, users need to confirm their identity and undergo a KYC procedure. Upbit offers users spot trading with three types of orders: Market, Limit and Stop-limit. Market - buying or selling assets at market value. Limit - pending buy or sell order, action is activated after the specified value is reached. Stop-limit is activated only when the specified condition is triggered. There are 162 assets and 278 pairs available for users on Upbit. Upbit fees are 0.2%.

Cryptocurrency on Upbit can be bought both for other tokens placed on the exchange and for fiat, the national currency of the country where the exchange is located. Information materia​l from company CryptoDeFix. There is no minimum deposit on the exchange, only restrictions from cryptocurrency or blockchain developers. Withdrawals are made either to a bank account or a cryptocurrency wallet.

Upbit specifics

• Buying cryptocurrency for fiat
• No minimum deposit
• Spot trade with 3 types of orders
• Viewing of cryptocurrency trends
• 0.2% fee
• Identity verification
• Mobile App