Upbit is strongest for users who need Korean-market access, regulated spot trading, and low fees, while global futures traders will find the product set too narrow.
| Fee Type | Rate |
|---|---|
| Spot Trading (Maker) | 0.05% |
| Spot Trading (Taker) | 0.05% |
| Futures (Maker) | N/A |
| Futures (Taker) | N/A |
| Withdrawal Fee | Varies by asset |
| Deposit Fee | Free (crypto) |
Google Play 2026-02-10
Best local spot experience I have used for KRW pairs.
App Store 2026-01-03
Simple and clean. Not useful for my futures strategies.
Trustpilot 2025-11-19
Low fees and clear UI, but it is a regional product at heart.
UpBit is South Korea's leading regulated cryptocurrency exchange, founded in 2017 and overseen by Korea's Financial Services Commission (FSC). Ranked9th overall by ExchangeRank with an overall score of 3.55, the platform focuses on spot trading with Korean won (KRW) pairs, high liquidity, and a straightforward user experience. This review breaks down what Korean crypto traders need to know about fees, security, asset coverage, and who benefits most from this exchange.
UpBit charges a flat0.05% fee on all spot trades, applying equally to makers and takers regardless of volume or account tier. There are no native token discounts or tiered pricing structures — the fee is the same for everyone. This simplicity is a clear advantage for active traders who don't want to worry about unlocking lower rates.
Security is where UpBit truly stands out, earning a 9.4 / 10 security score — one of the highest among exchanges reviewed. The platform operates under regulation from Korea's Financial Services Commission, which imposes strict compliance standards on digital asset service providers.
This regulation-first approach means UpBit intentionally avoids riskier product categories like leveraged trading, reducing exposure vectors for both the exchange and its users. For traders who prioritize safety and legal clarity over exotic instruments, this is a meaningful differentiator.
UpBit supports over 180 digital assets, primarily traded against Korean won (KRW). The platform focuses exclusively on spot trading — straightforward buying and selling — with tools including real-time charts, order book visualization, and multiple order types such as market and limit orders.
The coin selection outside KRW pairs is limited, and there is no access to perpetual contracts, leveraged positions, or derivatives of any kind. Traders neding advanced instruments will need to look elsewhere.
The UpBit mobile app carries a 4.4-star rating across app stores and offers full trading functionality, portfolio tracking, and responsive support integration. It is available on iOS (12.0+) and Android (6.0+).
UpBit is best suited for:
If you trade primarily in Korean won and don't need margin or futures, UpBit is difficult to beat on safety and cost combined.
As with any exchange, deposited assets carry custodial risk. While UpBit's security record and regulatory standing are strong, users should always consider self-custody for holdings not actively being traded.
UpBit charges a flat 0.05% on all spot trades for both makers and takers. There are no volume tiers or token-based discounts. Futures fees do not apply because the platform does not offer futures trading.
No. UpBit exclusively offers spot trading. Leveraged trading, perpetual contracts, and derivatives are not available on the platform. This is a deliberate choice aligned with its conservative, regulation-first philosophy.
UpBit is primarily designed for the Korean market withRW pairs and Korean banking integration. While international users can access some features, the platform's strongest value proposition — deep KRW liquidity, FSC regulation, and local banking support — applies mainly to Korean residents.
Sources: ExchangeRank source data, official exchange website, app store and Trustpilot references when available.
Use UpBit if Korea-focused spot users who want low fees and regulatory clarity. Avoid it if global futures traders and multi-jurisdiction altcoin hunters. Confirm real-time trading fees and local access on the official website before depositing.