Upbit review

Upbit lists a taker fee of 0.05% and a maker fee of 0.05%, so both sides of the order book carry the same rate. Taker fees apply when you buy at the ask or sell at the bid, maker fees when you add or remove liquidity. Because the two match, the fee does not depend on how you place an order.

Upbit lists 344 coins, well above the 74.5 median across the exchanges on this list. It ranks 51 of 176 brands on coin count, so the range of assets is the main thing pulling people towards the platform.

Fiat deposits run through bank only, so the account is funded from a bank account rather than a card. That single rail shapes onboarding: bank details are needed to start, and there is no card deposit listed in bank to fall back on. Plan your funding route before signing up.

Proof of reserves is published, which lets you weigh what the exchange says it holds against what it says it owes users. The features list in custodial and staking includes custodial custody, so assets sit with the operator rather than in a wallet you control. That choice shapes the risk you carry.

Staking is listed among the platform features in custodial and staking, so coins held in the account can be put to work rather than sitting idle. Custodial custody sits on the same list, so those coins stay with the exchange. Reward rates and any lock-up terms are not part of the listed details.

Support runs on chat and help centre, which means live chat and a self-service help centre. There is no phone line in that list, so complex problems get handled in writing. For an exchange that holds assets custodially, written support means keeping your own records of account details and transaction references.

Derivatives are not offered, so futures, perpetual swaps and margin trading are all off the table here. Traders who want to back a position larger than their balance get no leverage product on this platform. Buying and selling coins on the spot market is the side Upbit serves.

Upbit is operated by Dunamu, a company based in South Korea that has traded since 2017. Proof of reserves is published, and the platform is custodial, so the operating entity holds customer assets. It is a centralised exchange rather than a decentralised one.

The typical share of retail investors who lose money across the products compared on this site is 70.15%, with readings that run 40.3% to 88% overall. A low trading fee changes the cost of a trade, not whether the price moves against you. Fee level is not a safety signal.