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.
Upbit has a trust score of 8/10 on CoinGecko, ranking #32 globally. Trust score is based on web traffic, volume legitimacy, cybersecurity practices, and API data quality.
What are Upbit trading fees?
Upbit charges a maker fee of 0.2% and a taker fee of 0.2%. Fees may be reduced by holding the exchange's native token or using a referral code.
Does Upbit require KYC?
Yes, Upbit requires identity verification (KYC) to access full trading and withdrawal features.
Does Upbit offer derivatives trading?
Upbit currently focuses on spot trading and does not offer derivatives products.
