Upbit Review 2026
Registered exchange with real regulatory records.
Upbit is a crypto exchange founded in 2017. It holds a FIU (South Korea VASP) registration on the public register.
The record
On file, Upbit traces to 2017, with its operating base recorded in Seoul, South Korea. Ownership is private, and no equity trades on a public exchange. The order book covers 345 coins and trading pairs, spanning spot and, where a jurisdiction permits, derivatives. The mandate stays inside crypto, spot and derivatives, nothing more.
Execution runs through Upbit's own web, mobile and API stack. No copy-trading layer is offered on the platform.
Upbit is known for its extensive trading options for cryptocurrency. It emphasizes security and compliance, offering a user-friendly platform while catering primarily to the South Korean market and expanding into Southeast Asia.
| Founded | 2017 |
| Headquarters | Seoul, South Korea |
| Listed coins | 345 |
| Trading pairs | 540 |
| Exchange type | Centralized (CEX) |
| CoinGecko trust score | 8/10 · global rank #24 |
| 24h volume | 22,137 BTC |
| Platforms | Web, iOS, Android, API |
| Copy trading | No |
| Official channels | Twitter/X |
Custody & proof
Registration with the Financial Intelligence Unit places the exchange under national AML, reporting and know-your-customer rules. It is an AML registration rather than a prudential licence.
| Regulator | Licence | Entity |
|---|---|---|
| FIU (South Korea VASP) | Registered ✓ | Dunamu Inc. |
Cross-check the FIU (South Korea VASP) entry yourself at fiuindia.gov.in. Each record returns the licensed entity, its current authorisation state, and the exact activities it is cleared to run, a lookup that costs about a minute.
Fee schedule
The rates below are the standing fees on Upbit. Both sides of the book move with your rolling 30-day volume, and holders of the venue's native token typically settle at a discount.
| Taker fee | 0.25% |
| Maker fee | 0.15% |
| BTC/USD trading fee | 0.25% |
| ETH/USD trading fee | 0.25% |
| Withdrawal cost | Network fee only (varies by coin) |
At 0.25%, the Upbit taker fee reads in line with the regulated retail field.
Withdrawals, cost and timing
Fee: None. Upbit does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
No payout clears until identity checks are settled. An account still short of full verification, identity and address on file, will see the timeline stretch. Once a record is complete, payouts track the figures above.
Minimum deposit, entity by entity
What you must fund to open depends on which Upbit entity your country routes to. Offshore books tend to set the bar lower, in exchange for thinner regulatory cover.
| Entity | Regulator | Min deposit | Max leverage |
|---|---|---|---|
| Dunamu Inc. | FIU (South Korea VASP) · Registered | None | 1:1 |
Upbit vs Bitfinex
| Upbit | Bitfinex | |
|---|---|---|
| Primary regulator | FIU (South Korea VASP) Registered | El Salvador DASP Registered |
| Min deposit | None | None |
| Taker fee | 0.25% | 0.1% |
| Listed coins & pairs | 345+ | 65+ |
| Copy trading | No | No |
| Withdrawal fee | None | Varies |
Both records check out as registered venues. The case for Upbit rests on its platform and the breadth of its coin list; Bitfinex pulls ahead where a trader weighs a lighter fee schedule more heavily.
Registrations on file
| FIU (South Korea VASP) | Registered, Dunamu Inc. |
For retail accounts across the EU and UK, leverage on crypto derivatives is held to 1:1 by local rule.
Strengths and weak points
What works
- FIU (South Korea VASP) regulated
- No minimum deposit
- No inactivity fee
- Low taker fee from 0.25%
- 345+ coins & trading pairs
What does not work
- No tier-1 registration on file (FCA, MAS, NYDFS or MiCA)
- No copy trading
The verdict
The records place Upbit as a registered, operating crypto exchange, FIU (South Korea VASP) Registered confirms on the public file. The best fit is traders who want 345 coins and pairs reachable through a registered venue. Score: 4.0 out of 5.
Alternatives to Upbit
Should Upbit miss the mark, the registered venues below are worth setting side by side:
Frequently asked questions
Is Upbit safe?
Registration with the Financial Intelligence Unit places the exchange under national AML, reporting and know-your-customer rules. The FIU (South Korea VASP) record sits on the official register in public view, open to anyone who wants to confirm it.
What is the Upbit minimum deposit?
None covers the primary regulated entity. Offshore books can set a different bar, so the entity table above is the place to read the figure that applies to your country.
What is the Upbit trading fee?
On the record, Upbit charges about 0.25% to take and 0.15% to make. The schedule tapers as 30-day volume climbs, and native-token holders usually clear at a reduced rate.
How long does Upbit take to process withdrawals?
Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
Does Upbit charge withdrawal fees?
None. Upbit does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Upbit have an API?
Yes. Beyond its web and mobile front ends, Upbit exposes a public REST and WebSocket API, the hook for automated strategies, custom bots, and outside portfolio tools that read from an account.