Upbit Minimum Deposit and Funding Options

What is Upbit Minimum Deposit? How Much Do I Need to Start Trading?

Written by:

Andrey Mastykin

Reviewed by:

Chinmay Soni

Updated:

July 06, 2025

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

As of July 2025, Upbit requires a minimum deposit only in USD/USDT, which is equal to 100$. There is no minimum deposit requirement for trading in BTC. However, the minimum trade amount on Upbit is 10$ USD, which technically serves as the minimum amount needed to begin trading.

Key Upbit deposit details vs top competitors
	Upbit	OKX	Kraken
Minimum deposit, USD or USDT	100	10	10
Minimum deposit, BTC	0	0,0005	0,0001
Minimum trade amount	10	0,00001	1
Deposit fee	0	0	0
	Study review	Open an account Your capital is at risk.	Open an account Your capital is at risk.

Are there fees associated with depositing funds on Upbit?

No, there are no fees charged by the broker for depositing funds on Upbit. However, you should be aware that many payment systems charge their own fees for transfers. Here is a comparative table with the respective fees, which are approximate. We provide a range to give you an understanding, but it is important to confirm these as there may be nuances in different regions:

Payment Method	Fee Charged by Payment System
Bank Wire	1-3%
PayPal	2,9% + $0,30
Visa/Mastercard	1,5-3%
Cryptocurrency	0,5-1%
Advcash Wallet	0,5-2%
Google Pay	1,5-2,9%
Apple Pay	1,5-3%

What payment methods does Upbit support for deposits?

We compared Upbit with top competitors regarding deposit options. Generally, the more payment methods a platform offers, the more convenient and accessible it becomes for a wider range of users. Additionally, it allows users to save on transaction fees by choosing the most cost-effective option available.

	Upbit	OKX	Kraken
Crypto
Visa/Mastercard
Bank Wire
PayPal
Advcash Wallet
Google Pay
Apple Pay

Can I deposit fiat currencies on Upbit?

At this moment, Upbit does not support fiat currencies. However, conditions are regularly updated, so it is best to check with customer support for the most current information regarding the support of your required fiat currency.

How much money do I need to start trading on Upbit?

The minimum amount required to start trading on Upbit is limited to the size of the minimum trade, which is 10$. However, this amount is usually sufficient only to make your first trade and test the platform.

To generate a meaningful return, it is advisable to consider more substantial investments. Nevertheless, it's crucial to remember that cryptocurrencies are high-risk assets. Do not invest more than you can afford to lose, and always maintain a balanced portfolio.

Does Upbit support bank wire transfers as a deposit option?

Yes, Upbit supports bank wire transfers as a deposit option. This method allows users to transfer funds directly from their bank accounts to their Upbit accounts, providing a secure and reliable way to deposit money.

Expert tips for deposit and account management

The following actionable recommendations draw from industry experts and can help spare you time, money, and potential problems regarding deposits and account handling.

When using Upbit, keep a close eye on network congestion for cryptocurrency deposits. Choosing off-peak hours for your transactions can result in significantly faster processing times and potentially lower network fees. According to a study by Blockchain.com, Bitcoin network congestion tends to peak between 1 PM and 7 PM UTC, with transaction fees increasing by up to 200% during these hours. By contrast, the network is typically least congested between 10 PM and 6 AM UTC, offering a prime window for deposits.

Additionally, Ethereum gas fees, which directly affect deposit costs for ERC-20 tokens on Upbit, can fluctuate by as much as 1000% within a single day. Tools like ETH Gas Station show that gas prices are often lowest on Sundays and early mornings (UTC time).

While Upbit processes deposits quickly, the speed of blockchain confirmations is out of their control, making this timing strategy particularly valuable for large deposits or time-sensitive trades.