About Upbit

What is Upbit?

Upbit Korea stands as South Korea's largest cryptocurrency exchange based on trading volume and customer base, boasting a roster of over 180 crypto coins/tokens and more than 300 trading pairs. Its ecosystem comprises the Upbit Exchange, NFT Marketplace/Drops platform, and Staking services.

Through its intuitive web platform and mobile apps, Upbit facilitates fast and secure trading experiences, emphasizing safety, transparency, and reliability.

Since its inception in 2017, Upbit has garnered significant security certifications, including ISMS-P and ISO/IEC, affirming its robust personal information and information security management. The exchange employs an industry-leading Artificial Intelligence FDS system and a dedicated AML team for monitoring suspicious transactions round the clock.

Through its Upbit Care Centre, the exchange offers comprehensive investor protection services, including free counseling and cryptocurrency education.

Upbit Singapore*, Upbit Indonesia, and Upbit Thailand are independent legal entities regulated in their respective jurisdictions. Upbit Korea shares liquidity in BTC and USDT-based pairs with Upbit Thailand and Upbit Indonesia.

*Upbit Singapore is exempted from holding a license under the Payment Services Act ("PS Act") for DPT services.

Who are the Founders of Upbit?

Song Chi-hyung founded and chairs Dunamu, the operator of Upbit. He holds a Bachelor’s degree in computer science and economics from Seoul National University and has previous experience in mobile payment services and IT projects at Danal and Inomove.

When did Upbit Launch?

Upbit commenced operations in October 2017 and acquired its first virtual asset service provider (VASP) qualification in 2021.

Upbit Restricted Countries Upbit limits its services to countries categorized as high-risk by the FATF and UN.

How Much Are Upbit Fees?

Upbit offers a low trading fee of 0.05% for Korean Won (KRW) trading pairs. Trading pairs based on BTC and UDST incur a fee of 0.25% for both makers and takers.

Is it Possible to Use Leverage or Margin Trading on Upbit? Upbit does not support leveraged trading or offer margin trading.