Upbit Review
Upbit is a centralized exchange founded in 2017 and headquartered in South Korea. It serves residents of 1 country or US state, lists 16 assets, and charges a 0.05% maker / 0.05% taker fee. It is best suited to South Korean won buyers who want the cheapest domestic order book. Information verified September 2, 2026.
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How Upbit Scores
Key Facts
| Type | Centralized exchange |
|---|---|
| Founded | 2017 |
| Headquarters | South Korea |
| Licenses |
|
| Fiat currencies | KRW |
| Payment methods | bank transfer |
| Maker/taker fee | 0.05% / 0.05% |
| KYC required | Yes |
| Proof of reserves | — |
Where Upbit Is Available
| Jurisdiction | Status | Notes |
|---|---|---|
| Australia | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Brazil | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Canada | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| France | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Germany | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| India | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Ireland | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Italy | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Japan | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Mexico | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Netherlands | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Nigeria | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Singapore | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| South Africa | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| South Korea | Available | Sign-up requires a Korean mobile number and a Korean bank account, both in the user's own name. Foreign nationals resident in Korea can verify with a foreign resident ID plus a residence certificate. |
| Spain | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Switzerland | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| United Arab Emirates | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| United Kingdom | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| United States | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Alabama | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Alaska | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Arizona | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Arkansas | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| California | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Colorado | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Connecticut | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Delaware | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Florida | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Georgia | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Hawaii | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Idaho | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Illinois | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Indiana | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Iowa | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Kansas | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Kentucky | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Louisiana | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Maine | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Maryland | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Massachusetts | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Michigan | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Minnesota | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Mississippi | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Missouri | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Montana | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Nebraska | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Nevada | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| New Hampshire | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| New Jersey | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| New Mexico | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| New York | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| North Carolina | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| North Dakota | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Ohio | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Oklahoma | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Oregon | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Pennsylvania | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Rhode Island | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| South Carolina | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| South Dakota | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Tennessee | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Texas | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Utah | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Vermont | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Virginia | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Washington | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| West Virginia | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Wisconsin | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
| Wyoming | Not available | Sign-up requires a Korean-carrier mobile phone and a Korean bank or securities account in the user's own name, so residents of this country cannot open an account. |
Assets You Can Trade on Upbit
Bitcoin
Ethereum
Tether
XRP
USDC
Solana
Chainlink
Cardano
Bitcoin Cash
Global Dollar
Cronos
Arbitrum
Virtuals Protocol
Falcon Finance
Bitcoin SV
BitTorrentFees explained
As of September 2026, Upbit charges 0.05% on orders in its Korean won market, and the same rate applies to makers and takers (source: Upbit customer center, "How much is the coin accumulation fee?"). That is unusually low for a retail venue and it is one of the reasons Upbit dominates domestic Korean volume. The rate is identical for personal and corporate members, includes VAT, and is shown to two decimal places on won trades.
The fee is charged twice over a round trip, once when you buy and once when you sell, and not every order type gets the 0.05% rate. Upbit's own worked example prices a reserved 1 BTC buy at ₩10,000,000 with a 0.139% fee, which takes ₩10,013,900 from your balance instead of ₩10,000,000 (source: Upbit customer center, "How much is the trading fee?"). Check the rate for the order type you actually use.
| Order | Fee |
|---|---|
| Won market, maker | 0.05% |
| Won market, taker | 0.05% |
| Reserved order, Upbit's worked example | 0.139% |
Upbit warns that rates can change with promotions, and the applicable rate is the one in force when you submit the order.
A cost estimate for a $500 purchase on Upbit and Binance appears here once the published fee schedules are verified.
History and ownership
Upbit is operated by Dunamu Inc., a Seoul company headquartered on Gangnam-daero in Seocho-gu, with Kyoungsuk Oh as chief executive and corporate registration number 119-86-54968 (source: Dunamu corporate site, read September 2026). Dunamu describes Upbit as the largest digital asset exchange in Korea and also runs Stockplus, a securities and unlisted-share trading platform.
Dunamu publishes half-year results, which is more disclosure than most exchange operators offer. For the first half of 2026 it reported revenue of ₩408.1 billion, down 49.1% against the same period a year earlier (source: Dunamu newsroom, August 14, 2026). A near-halving of revenue is a market-cycle effect rather than a sign of distress, but it is the kind of number worth knowing about a counterparty.
Two recent items speak to the company's standing at home. In August 2026 Dunamu was selected as the winning bidder to provide custody of digital assets seized by the Korean National Police Agency, and in August 2026 it announced a strategic partnership with Visa covering stablecoin-based payments and cross-border remittance (source: Dunamu newsroom, August 7 and August 28, 2026).
Products and markets
Upbit is enormous by listing count. Its public market data endpoint returned 847 markets in September 2026: 326 quoted in Bitcoin, 287 in Korean won, and 234 in Tether (source: Upbit public API, market list endpoint).
The won market is the one that matters for a Korean resident, and 287 pairs against a domestic currency is a wider local selection than any other exchange in this directory offers. It is also the market the 0.05% rate applies to. The Bitcoin and Tether books exist mainly for traders rotating between assets rather than entering or exiting in fiat.
A list that long carries the usual caveat. Depth varies enormously across 847 markets, so on smaller tokens the spread and the slippage on a market order will dwarf a 0.05% commission. For a first purchase of a major asset, see Buy Bitcoin in South Korea and South Korea.
Security record and custody
Dunamu says it has invested roughly ₩63 billion in security over five years, including ₩24.3 billion in the most recent year (source: Dunamu newsroom, June 29, 2026). It also runs a security training academy that it reports has placed graduates into the industry. Winning the national police custody contract is a further external signal, since a state buyer runs its own due diligence before awarding one.
RampAtlas states no incident on this page. Korean-language regulatory and law-enforcement sources covering the exchange sector were not reachable from our infrastructure in September 2026, and neither the Financial Services Commission's English press release archive nor the Financial Intelligence Unit's publications returned documents we could open and cite. Our rule is that a hack or an enforcement action appears only with a primary, court, or regulator source behind it. Readers should treat this section as incomplete rather than as a clean record, and should check Korean regulatory notices directly.
On the custody model itself, the ordinary cex caveat applies. Upbit holds the private key and your balance is a claim on Dunamu. Assets you intend to hold for a long time belong in self custody, where the seed phrase is your responsibility and nobody else's failure can reach them.
Deposits and withdrawals
Won funding runs through Korean banking rails and requires a verified real-name account at a partner bank, which is the standard arrangement under Korean rules and the reason the platform is effectively domestic-only. RampAtlas could not confirm the current won deposit or withdrawal fee, or the per-token crypto withdrawal schedule, from a primary source, so no figure appears here.
Practically, the discipline is the same as anywhere: check the quoted fee on the confirmation screen for the specific asset and network, and put a small withdrawal through before you commit a large balance. On an exchange this size the on-ramp is rarely the problem; the network fee on the way out is where the surprises live.
Support and usability
The customer centre is comprehensive and answers questions with worked examples, including the fee arithmetic quoted above, which is better documentation than most exchanges provide. The catch is that it is Korean-first, and the fee schedule page does not render on mobile, only on desktop web.
The apps themselves are polished and fast, and the 0.05% won rate makes frequent small purchases viable in a way that a 1% retail fee does not. Anyone using order types beyond a plain market or limit order should read the fee article first, because the reserved-order example shows a rate nearly three times the headline.
Verdict
0.05%
Won market fee
makers and takers alike, Upbit customer center, September 2026
847
Markets
Upbit public API market list endpoint, September 2026
287
Won-quoted markets
Upbit public API market list endpoint, September 2026
₩408.1 billion
First-half 2026 revenue
Dunamu Inc., Dunamu newsroom, August 14, 2026
Upbit fits a Korean resident with a domestic bank account who wants the cheapest local order book and the widest won-denominated asset list available. At 0.05% on the won market, the trading cost is close to the floor for retail crypto anywhere, and Dunamu publishes more about itself than most exchange operators do.
Look elsewhere if you are outside Korea, since won funding requires a verified domestic bank account, or if you need an English-language platform and a verifiable incident and enforcement record, which RampAtlas could not assemble from sources it could open. Compare what is available in your own market at Compare.
Pros and Cons
Pros
- Won market orders cost 0.05% for makers and takers alike
- The same rate applies to every account, personal and corporate
Cons
- The rate can change with promotions, so it is not a fixed commitment
- Fee schedule page does not load on mobile, only on desktop web
Guides
- Crypto Estate Planning: Making Sure Your Coins Aren't Lost With You
Passing on cryptocurrency requires two things that an ordinary will does not provide on its own, a record of what exists and where, and a route by which the person inheriting it can reach the keys, because no court order can recover a seed phrase nobody wrote down.
- Crypto Tax in Australia: CGT, Records, and the ATO
In Australia the Australian Taxation Office treats a crypto asset as a capital gains tax asset, so disposing of it by selling, swapping, or spending it is a CGT event, while tokens you receive from activities such as staking are treated as income when you receive them.
- Crypto Tax in Canada: How the CRA Treats Cryptocurrency
In Canada a crypto disposal produces either a capital gain or business income, and where it is a capital gain the Income Tax Act makes one half of that gain taxable and adds it to your income for the year at your marginal rate.
Frequently Asked Questions
- Is Upbit available in United States?
- No. Upbit does not serve United States residents.
- Does Upbit require KYC?
- Yes. Upbit requires identity verification.
- What are Upbit's fees?
- Upbit charges a 0.05% maker / 0.05% taker fee.