Upbit Review 2026
Learn more about TU’s methodology
- $1
- Proprietary platform
- Easy-to-use and convenient terminal, with news and analytics
- exchange is exclusively for trading, only Singapore dollar is presented as fiat money
Our Evaluation of Upbit
Learn more about TU’s methodology
Upbit is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.15 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Upbit clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Upbit crypto exchange is an international platform for exchanging and trading cryptocurrencies. Although the exchange is focused on Asia, traders from all over the world trade on it because of its low fees and humongous trading volumes. All major cryptocurrencies are represented and there’s a convenient mobile application with advanced functionality. The platform does not provide options for passive earnings, and there are no demo accounts or training programs. It’s suitable for experienced active traders only.
How we tested Upbit
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Upbit
The Upbit crypto exchange is a premier trading and exchange platform that was launched in South Korea on 24 October 2017, under the assistance of their partnership with the American cryptocurrency exchange Bittrex. It allows you to exchange and trade Bitcoin, Ethereum, Litecoin, Tether, Ripple, and other renowned cryptocurrencies. Unfortunately, only the Singapore dollar (SGD) is represented as fiat money here. The exchange operates legally, is licensed, has a huge trading volume, and dynamic growth of economic indicators. The platform does not offer investment and partnership programs because the functionality of the trading terminal is completely set for exchange and trade. On top of the web version, there is a mobile application for iOS and Android devices. Another significant advantage is low fixed commission charges for trading operations.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- the intuitive interface of the author's trading terminal;
- all the primary functions for buying and selling are presented;
- mobile trading with a built-in risk assessment system;
- the most renowned cryptocurrencies are traded on this exchange, there are pairs with fiat;
- two-level authentication means top-tier security;
- up-to-date analytics on cryptocurrency market trends;
- there is no evidence of fraud or unresolved conflicts.
- the exchange is focused on traders from the Asian region;
- only the Singapore dollar is represented by fiat funds;
- there are no investment, partnership, or training programs.
TU Expert Verdict
Chief Analytics Officer
Upbit offers trading for Bitcoin, Ethereum, and 196 additional cryptocurrencies on a proprietary web and mobile platform, with a single standard account type and no leverage. Users benefit from low fixed spot fees, a straightforward interface, and strong security features such as two-factor authentication and cold wallet storage. The exchange is government regulated at the Tier-1 level in South Korea, ensuring compliance with strict regulatory standards. Bank cards, transfers, and crypto wallets are supported for deposits and withdrawals, and the mobile app is available for both Android and iOS users.
Drawbacks include a limited selection of fiat currencies, with only the Singapore dollar supported for fiat transactions, spot fees that are slightly above the industry average, and the lack of investment, referral, or training programs. Upbit does not provide micro or demo accounts, advanced order types, or desktop trading access, and customer support is available solely via ticket. The platform may suit experienced crypto traders who prioritize security but is less suitable for beginners or those seeking passive income features and broader market access.
Upbit Summary
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos, SCG |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0.2%-0.2% |
| 🔧 Instruments: | 198 supported coins, Fiat, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Not indicated |
| ⭐ Trading features: | Easy-to-use and convenient terminal, with news and analytics; exchange is exclusively for trading, only Singapore dollar is presented as fiat money |
| 🎁 Contests and bonuses: | Not indicated |
The platform does not limit users on the minimum deposit to start trading. After registration and verification, you can store any cryptocurrency in any volume on your crypto wallet. There is no leverage for trading crypto-crypto and crypto-fiat pairs. Technical support works around the clock, but there is only one communication channel — through tickets.
The ticket service is activated by clicking on the "Contacts" button in the footer of the site. You can also visit the company's office at 1 Harbourfront Avenue # 16-02, Keppel Bay Tower, S098632. The office is open from 9:00 to 18:00 GMT + 8.
Upbit Key Parameters Evaluation
Regulation and Safety
Upbit has earned a rating of 9/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Cold wallet storage
- Government-regulated
- Tier-1 regulation
- 2FA
- No facial recognition
- Successful hacks history
- No investor protection fund
Upbit Security Factors
We also compared Upbit against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Upbit | Kraken | Coinbase | |
| Tier-1 regulation | Yes | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | Yes | No | Yes |
Is Upbit a regulated crypto exchange?
Upbit is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Is verification (KYC) mandatory at Upbit?
Yes, KYC verification is mandatory at Upbit. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is Upbit available in the USA?
Upbit is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
Upbit commissions and fees
Upbit received a 3.35/10 score for its commission structure, indicating that its fees are higher than the market average based on an evaluation of over 100 cryptocurrency exchanges.
- No deposit fee
- Spot fee above industry average
What are Upbit trading fees?
We analyzed Upbit’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Upbit trading fees vs competitors
| Upbit | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.2 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.2 | 0.22 | 0.2 | 0.194 |
What are Upbit deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.0005 BTC 0.01 ETH |
Does Upbit offer P2P trading?
Yes, Upbit offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Upbit P2P Fees
Deposit and Withdrawal
Upbit received a 6.5/10 rating for its deposit and withdrawal services. While Upbit covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank cards accepted for instant deposits
- P2P for flexible transfers
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No PayPal option
- No Google Pay option
- Withdrawal fee applies
Deposit and withdrawal options
Upbit supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
Upbit Deposit and withdrawal options vs competitors
| Upbit | Kraken | Coinbase | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is Upbit minimum deposit?
The minimum deposit at Upbit is 100 USD/USDT or 0 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Upbit minimum deposit vs competitors
| Upbit | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 100 | 10 | 10 |
| Minimum deposit, BTC | 0 | 1 | 1 |
| Minimum trade amount, USD/USDT | 10 | 1 | 2 |
Does Upbit support fiat money?
Upbit supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Upbit received a score of 4/10 in this category, indicating a modest offering of assets and markets. While Upbit covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Staking available
- NFTs available
- Crypto options not available
- Copy trading not available
Upbit supported coins and markets vs competitors
We compared Upbit with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Upbit | Kraken | Coinbase | |
| Supported coins | 198 | 278 | 249 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | No | No |
| NFTs | Yes | Yes | Yes |
Upbit passive income options vs competitors
We also compared Upbit with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Upbit received a score of 6.45/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Advanced tools and automation with API
- App data protection with 2FA
- Mobile indicators allowed
- Android App score below 4 points
- iOS App score 3.7
Trading apps
Upbit provides web and mobile apps for both Android and iOS users, with an average rating of 3.7 on the App Store and 3.2 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Upbit platform is for mobile use.
| Upbit | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | Yes | Yes | Yes |
| Advanced Orders | Yes | Yes | Yes |
| Trading with bots | No | No | No |
| API | Yes | Yes | Yes |
| Extra trading platforms | No | No | No |
Does Upbit offer a desktop app?
No, Upbit does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Upbit offer advanced charting with TradingView integration?
No, Upbit does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2017 |
|---|---|
| Registration address | 2nd Floor, 14 Mirim Tower, Tehran-ro 4-gil, Gangnam-Gu, Seoul |
| Official site | https://upbit.com/ |
| Contacts |
1588-5682
|
Articles that may help you
Check out our reviews of other companies as well
