Upbit

by Dunamu Inc.
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A large South Korean cryptocurrency exchange.

Upbit description

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

Upbit features

Exchanges

Forms of trade: Spot trading 1
Check out Transaction protection Protection of transactions from scam and other types of incorrect actions 1
No Currency converter Currency converter integrated into the exchange 0
No Listing Ability to place your own cryptoservices on the exchange 0
Number of assets: 162 0
Cryptocurrency pairs: 278 0

Centralized exchanges (CEX)

Deposit methods: Bank card, Cryptowallet 0
Trade types: Spot 0
Minimal fee: 0.2 0
Check out Cryptocurrency exchange 0
No Staking 0
No Lending 0
No Liquidity pools 0
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