In this guide, we break down all the key fees charged by Upbit, including maker and taker fees, funding rates, withdrawal costs, and any hidden charges. We also highlight available discounts and compare Upbit pricing with that of leading competitors to help you evaluate whether the platform offers strong cost efficiency.

Based on my findings, Upbit’s trading fees are slightly higher than what most competitors charge.

Based on my experience with the TU analytics team, which reviewed the fee structures of more than 200 cryptocurrency exchanges, I’ve drawn the following conclusions about Upbit pricing.

Notably, Upbit does not offer futures trading, which impacted its overall score compared with platforms that support both spot and derivatives markets.
However, this limitation is less significant for passive investors, as Upbit offers competitive terms on its crypto spot market.

Below is a closer look at how Upbit structures its trading and non-trading fees.

A quick look at Upbit’s fees
	Upbit fee	Market average Based on the analysis of over 200 cryptocurrency exchanges
Spot taker, %	0.2	0,194
Spot maker, %	0.2	0,15
Deposit fee	0	0
Withdrawal fee	1%	Vary

Upbit spot fees: Is it cheap for spot trading?

The base spot trading fee on Upbit is 0.2% for makers and 0.2% for takers, compared with the industry average of 0.15% for makers and 0.194% for takers. Like most crypto exchanges, Upbit offers trading fee discounts as your spot trading volume increases. For instance, if your 30-day volume reaches $5 million, the fee on Upbit drops to 0.04% for makers and 0.04% for takers. To help you assess value, we've also compared Upbit spot trading fees with those of its top 2 competitors.

	Upbit	Kraken	OKX
Spot maker fee, %	0.2	0.25	0.08
Spot taker fee, %	0.2	0.4	0.1
Spot maker fee ($5M turnover), %	0.04	0.02	0.05
Spot taker fee ($5M turnover), %	0.04	0.12	0.045

Does Upbit charge fees for deposits and withdrawals?

Upbit generally does not charge fees for deposits, particularly for cryptocurrency transfers.

To help you better evaluate the total cost of using Upbit, we’ve compared its non-trading fees, including deposit and withdrawal charges, with those of its top competitors.

	Upbit	Kraken	OKX
Deposit fee	0	0	0
Withdrawal fee	0.0005 BTC 0.01 ETH	0.0005 BTC	0.0004 BTC 2.6 USDT

Does Upbit offer P2P trading?

Yes, Upbit supports peer-to-peer (P2P) trading, allowing users to buy and sell cryptocurrencies directly with each other. The platform charges a P2P maker fee of 0,05% and a P2P taker fee of 0%, which are generally competitive compared to other major exchanges.

For a list of exchanges that support P2P trading, check out our dedicated article on the Best P2P Crypto Exchanges.

Minimizing crypto trading costs: Expert tips

Choosing the right crypto exchange is essential for keeping trading costs low and protecting your profits. Based on our recent in-depth analysis of over 200 exchanges across 140+ evaluation criteria, here are expert insights to help you reduce fees, maximize available discounts, and select platforms that align with your trading goals.

Many exchanges offer reduced trading fees when you use or hold their native token to pay for transactions. These discounts can reach up to 50%, making them especially attractive for high-frequency traders.

	OKX	Crypto.com	CoinMetro
Native token discount, %	10-40	1-100	5–50

While these discounts can be valuable, it’s important to consider the volatility of native tokens. A sharp decline in token value may erase any fee savings and could result in losses if the token is held solely for discount purposes. Before committing, calculate your expected savings and consider whether holding a speculative asset aligns with your broader trading strategy.