Upbit Review 2025

Upbit Review Summary

Upbit is a top global exchange that uses world-class blockchain technology and has extensive experience in financial services. It provides many cryptoassets.The Upbit app is easy to use and has a multi-signature cold wallet. This service provides enhanced security and a financial institution-grade system. You can easily transfer money from one account to another without having to share your password with anyone. Upbit has strict identity verification policies that ensure the safety and security of your funds. The Upbit app has an additional password that you need to enter when withdrawing your funds. It also supports two-factor authentication. This requires you to have a mobile phone, which you can get for free through Upbit. This security feature is also a great feature for users.

Upbit review
What Do Upbit Offer?

πŸ‘‘ Cryptocurrencies SAND,BTC,ETH,MANA,XRP,MATIC,MLK,BORA,HIVE,PLA,SOL,STX,STORJ,DOGE,HUM,DAWN,QTUM,ETC,SOLVE,EOS,DAD,XEC,NU,STRK,BAT,SXP,HUNT,SNT,ADA,XLM,ATOM,TRX,FLOW,JUV,SSX,ANKR,TFUEL,SC,VET,ENJ,META,LINK,DOT,MBL,CRE,LOOM,MOC,BTT,CHZ,AERGO,WAXP,CBK,LUNA,BFC,STPT,FIL,AQT,STRAX,LTC,MED,ALGO,AXS,ONT,BCH,CRO,OMG,XTZ,DKA,REP,KNC,FOR,TT,ICX,CVC,IQ,NEO,SBD,ONIT,SRM,ORBS,1INCH,WAVES,TON,MARO,ARK,GLM,POWR,BTG,XEM,POLY,GO,STMX,FCT2,QKC,PSG,HBAR,IOST,BSV,FX,ONG,RFR,IOTA,STEEM,MVL,VAL,RVN,UPP,ZIL,LSK,MTL,PCI,GAS,ARDR,AHT,MASK,THETA,ELF,GRS,MFT,ZRX,PUNDIX,KAVA,JST,RLC,RSR,AAVE,OXT,PROM,LINA,CHR,CELO,CTSI,DAI,BASIC,OBSR,HBD,DGB,GRT,IOTX,NEAR,NMR,UNI,QTCON,SUN,CRV,INJ,OGN,NKN,COMP,DENT,MKR
πŸ“ˆ Securities tradable 151 cryptocurrencies
πŸ’΅ Cost per trade Market Maker 0.2% Market Taker 0.2%
💬 Customer service Email : Yes, Phone support : Yes, live chat : No.
πŸ’° Desposit Fees 0
πŸ’° Withdrawal Fees 0.0009 BTC
πŸ’° Payment Methods Bank transfer (ACH), Credit Card, Cryptocurrency
πŸ”‹ Mobile app IOS App : Yes, Google Play Android App : Yes

Initially, Upbit only offered trading via Bitcoin, but gradually started adding more digital currencies that suited its decentralized standards. It has now expanded its list to include more digital currencies like Litecoin, Ethereum, XRP, as well as many others that offer promise and suit its criteria.

Upbit is a cryptocurrency platform that was founded in 2017 the current CEO is chairman Song Chi-hyung. Upbit has headquarters in Seoul, South Korea and offers the buying and selling of over 151 cryptocurrencies to customers all over the world. Buying and selling cryptocurrency can be done online. If you are looking to trade crypto using your mobile phone, Upbit offers native mobile apps to buy and sell cryptocurrencies, directly from your phone.

You can use exchanges to trade one cryptocurrency for another like Bitcoin to Dogecoin. With Upbit you can also exchange your cryptocurrency with fiat currency, such as the UK Pound or US Dollar.

Upbit Review

Upbit Review

Risk warning : Trading cryptocurrencies is high risk. When trading CFDs losses may exceed deposits.

Upbit review
Upbit Best For

Upbit works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another.

Upbit review
Upbit Advantages

Following are the advantages of using Upbit:

  • Upbit has been in business longer than 2 years
  • Upbit offers over 20 cryptocurrencies.
  • Upbit offers phone support.
  • Upbit offers email support.
  • Upbit offers an Android Google Play Store mobile app.

Easy UI

Upbit is considered one of the simplest platforms for cryptocurrency investing. You can easily register and deal in digital currencies within minutes. Upbit also offers a learning platform that rewards users with cryptocurrencies to learn about how they work.

Wide Crypto Selection

Upbit has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more. This is in stark contrast to other financial applications or brokers that offer the promise of cryptocurrency trading but provide only a few of the most popular coins.

High Liquidity

High liquidity guards investors from price slippages in a market that is already volatile. Upbit currently ranks among the highly liquid exchanges.

Opportunities For Earning

Upbit offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Taking classes also earns you certain digital currencies.

Cryptocurrency Custody

Contrary to brokers focused on trading, Upbit enables traders to take custody of their cryptocurrency assets for themselves. Upbit provides its cryptocurrency wallet, but traders can bring their wallets. This way, traders can pick the solution that suits them the most.

Staking Rewards

Upbit also enables traders holding digital currencies with them to take part in staking rewards. Staking is similar to earning interest with a bank account. This, however, comes with different risks. Staking generates revenue from traders’ holdings as they are utilized for validating transactions in a digital currency. Upbit shares that type of reward with its traders. Upbit takes care of the technical side, and the extra coins are sent to the trader’s account on an established schedule.

Upbit review
Upbit Disadvantages

Following are the disadvantages of Upbit:

  • Upbit does not offer PayPal as a payment method
  • Upbit does not offer Neteller as a payment method
  • Upbit does not offer Skrill as a payment method
  • Upbit charges withdrawal fees
  • Upbit does not offer a wide range of fiat currencies.
  • Upbit does not offer Livechat support.

Insufficient Variety Of Altcoins

Although Upbit has a vast variety of altcoin choices for beginner investors to interest themselves in. Those seriously wanting to trade in altcoins may not find a good selection there.

Higher Fees And Their Lack Of Transparency

Upbit has higher fees compared to other exchanges. Its fee structure can also be confusing. If you are using Upbit β€˜s basic platform, you will not be able to find a schedule before you proceed to place a trade.

Upbit review
Upbit Cryptocurrency Choice

Upbit allows you to trade around 151 digital currencies including SAND,BTC,ETH,MANA,XRP,MATIC,MLK,BORA,HIVE,PLA,SOL,STX,STORJ,DOGE,HUM,DAWN,QTUM,ETC,SOLVE,EOS,DAD,XEC,NU,STRK,BAT,SXP,HUNT,SNT,ADA,XLM,ATOM,TRX,FLOW,JUV,SSX,ANKR,TFUEL,SC,VET,ENJ,META,LINK,DOT,MBL,CRE,LOOM,MOC,BTT,CHZ,AERGO,WAXP,CBK,LUNA,BFC,STPT,FIL,AQT,STRAX,LTC,MED,ALGO,AXS,ONT,BCH,CRO,OMG,XTZ,DKA,REP,KNC,FOR,TT,ICX,CVC,IQ,NEO,SBD,ONIT,SRM,ORBS,1INCH,WAVES,TON,MARO,ARK,GLM,POWR,BTG,XEM,POLY,GO,STMX,FCT2,QKC,PSG,HBAR,IOST,BSV,FX,ONG,RFR,IOTA,STEEM,MVL,VAL,RVN,UPP,ZIL,LSK,MTL,PCI,GAS,ARDR,AHT,MASK,THETA,ELF,GRS,MFT,ZRX,PUNDIX,KAVA,JST,RLC,RSR,AAVE,OXT,PROM,LINA,CHR,CELO,CTSI,DAI,BASIC,OBSR,HBD,DGB,GRT,IOTX,NEAR,NMR,UNI,QTCON,SUN,CRV,INJ,OGN,NKN,COMP,DENT,MKR and many more.

Upbit review
What Cryptocurrencies Are On Upbit

Upbit has 151 cryptocurrencies available to registered users. These cryptocurrencies include SAND,BTC,ETH,MANA,XRP,MATIC,MLK,BORA,HIVE,PLA,SOL,STX,STORJ,DOGE,HUM,DAWN,QTUM,ETC,SOLVE,EOS,DAD,XEC,NU,STRK,BAT,SXP,HUNT,SNT,ADA,XLM,ATOM,TRX,FLOW,JUV,SSX,ANKR,TFUEL,SC,VET,ENJ,META,LINK,DOT,MBL,CRE,LOOM,MOC,BTT,CHZ,AERGO,WAXP,CBK,LUNA,BFC,STPT,FIL,AQT,STRAX,LTC,MED,ALGO,AXS,ONT,BCH,CRO,OMG,XTZ,DKA,REP,KNC,FOR,TT,ICX,CVC,IQ,NEO,SBD,ONIT,SRM,ORBS,1INCH,WAVES,TON,MARO,ARK,GLM,POWR,BTG,XEM,POLY,GO,STMX,FCT2,QKC,PSG,HBAR,IOST,BSV,FX,ONG,RFR,IOTA,STEEM,MVL,VAL,RVN,UPP,ZIL,LSK,MTL,PCI,GAS,ARDR,AHT,MASK,THETA,ELF,GRS,MFT,ZRX,PUNDIX,KAVA,JST,RLC,RSR,AAVE,OXT,PROM,LINA,CHR,CELO,CTSI,DAI,BASIC,OBSR,HBD,DGB,GRT,IOTX,NEAR,NMR,UNI,QTCON,SUN,CRV,INJ,OGN,NKN,COMP,DENT,MKR.

Upbit review
Upbit Stablecoins

Upbit offers its own stablecoin called Upbit. Stablecoins are meant to mitigate volatility in relation to digital currencies like Bitcoin. Stablecoins are usually pegged to stable reserve assets like the US dollar or gold. Traders can buy stablecoins on Upbit.

Upbit review
Upbit Altcoins

Upbit has a decent variety of altcoins for traders to choose from with over 151crypto assets including alt coins listed on Upbit.Upbit has a decent variety of altcoins for traders to choose from with over .

Upbit review
Trading Cryptocurrency With Upbit

Different cryptocurrencies at Upbit come with different limitations and set withdrawal amounts. You may only be able to trade some with fiat currencies like the US dollar. Some may also be restricted in some countries. Users can buy cryptocurrencies via debit card. They can also purchase crypto with funds in their Upbit wallet.

Upbit Crytocurrency To Crytocurrency Trading

Upbit has upwards of 151 cryptos available in multiple regions of the world.

Upbit Crytocurrency To Fiat Currency Trading

Upbit review
Upbit Cryptocurrency Custody And Ownership

Upbit allows users to take custody of their cryptocurrency assets themselves. Users can either use Upbit’s crypto wallet, or their own. Upbit also has over 1 fiat currencies available including SGD all accessible to registered users.

Upbit review
Upbit Staking Rewards

Upbit enables customers holding crypto to take part in staking rewards. It is similar to interests in a bank account; however, it comes with its risks. This generates revenue from a user’s holdings because they are used to authorize crypto transactions. That revenue is shared with customers.

Upbit review
Upbit Fees

Upbit Users will have to pay a Market Maker 0.2% Market Taker 0.2% trading fee as well as deposit fees of 0 when buying and selling cryptocurrency with Upbit.

Upbit review
Upbit Network Fee

Outgoing Upbit transactions to outside crypto addresses normally require a network fee, also known as a mining fee. This ensures the processing of transactions on crypto networks. This fee is then forwarded to crypto miners, the systems processing the transactions.

Upbit review
Upbit Trading Commissions

Trading commissions at Upbit work similarly to traditional share dealing fees. That means users have to pay a variable commission. The standard trading commission at Upbit is 1.49 percent, so users will have to pay this percentage when they buy or sell a digital currency.

Upbit review
Withdrawal Fees

With Upbit standard cryptocurrency to fiat withdraw fees varies by cryptocurrency, instant cash-out of your Upbit account. A withdrawal fee of (0.0009 BTC) may also be required for certain 3rd party payment methods instead of using cleared bank funds.

Upbit Currency Conversion Fees

Upbit charges a percent flat fee on all currency conversions which you will have to factor into your crypto trading.

Upbit Payment Methods

The payment methods offered at Upbit are Bank transfer (ACH), Credit Card, Cryptocurrency. Upbit also offer wallet, wire transfer, crypto conversion, ACH transfer, and credit transactions.

Upbit review
Upbit Withdrawal Methods

If you have cryptocurrency or traditional fiat currency in your Upbit account and want to withdraw it, you must use the same payment method that you used to deposit it. This is because of anti-money laundering legislation.

Upbit review
Withdraw Fiat Currency From Upbit

Users can withdraw their digital currency from Upbit to fiat at any time through an ACH transfer. Such transfers usually take 1-2 working days to complete. Upbit also allows instant cash-outs that run twenty-four-seven, to cards or bank accounts in exchange for extra fees (1 percent).

Upbit review
Upbit Security

Contrary to holding cash in a traditional bank, cryptocurrency is not secured under federal laws. Upbit stores 98 percent of its users’ cryptocurrency offline in what is known as cold storage. The remaining 2 percent is meant for facilitating trading volume. The platform also has an insurance policy that protects users’ cryptocurrency holdings.

Upbit holds its customers crypto in its free wallet service. Users can even choose to hold their cryptocurrencies in separate wallets. Upbit requires its users to finish a 2-factor authentication process to log in to their accounts. Other than that, Upbit also has biometric login (fingerprints and Face ID) security as well as AES-256 encryption when it comes to private keys. Aside from all this, it helps to use strong passwords, i.e., ones that should not be used elsewhere.

Upbit holds your cash in one of three locations: custodial accounts found at US banks, US money market funds, US Treasuries and for European Upbit clients FCA regulated European banks may be used.

Upbit review
Upbit Two Factor Authentication - 2FA

Upbit does offer two-factor authentication for added security.

Upbit Specific Device Whitelisting

Specific device whitelisting is a feature that enables cryptocurrency withdrawals to only be sent to devices that are allowed. The two-factor authentication feature is required to enable or disable the feature. This allows Upbit customers to withdraw to authorized devices.

Upbit review
Upbit Wallet

Upbit review
Upbit Online Cryptocurrency Wallets

Upbit review
Upbit Hardware Cryptocurrency Wallets

Upbit review
Upbit Liquidity

Upbit has a large amount of liquidity. In that case, wide spreads should not be a big concern. Liquidity also allows for significant transactions without any problems.

Upbit review
How To Open A Upbit Account

To open an account at Upbit, the first step to get started is to provide your name, email address, password, and the state you live in. Choose β€œcreate an account” and move on to verify your email. Once you log in, you will be asked to provide your number and verify it. The next step is to fill in your personal information and answer any questions about the account creation. After that, you verify your identity (a two-factor authentication setup is recommended). The last step is to link a payment method.

Upbit review
Upbit User Interface

Upbit has a simple, user-friendly interface.

Upbit review
Upbit Features And Cryptocurrency Trading Tools

Upbit offers features like crypto investing, custodial accounts, an advanced platform for trading, and its own designated US dollar stablecoin.

Upbit review
Upbit Ease Of Use

Upbit is fairly easy to use. The sign-up process takes only a few minutes. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at Upbit.

Upbit review
Upbit Mobile Apps

The availability of mobile applications for such platforms is highly crucial for investors that are always on the go. This way, they can effortlessly place market offers, and keep tabs on live market data, i.e., shares, currencies, stock indices, commodities, etc. Upbit has highly rated applications for both iOS and Android.

Upbit review
Upbit Apple App

The Upbit app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.

Upbit review
Upbit Android App

The Upbit app can be found on the Play Store on all Android devices, offering the same features as the desktop website.

Upbit review
Upbit Education Resources

Upbit enables entitled customers to learn about digital currencies through their educational resources offered. Users can even unlock lessons educational content and earn cryptocurrency in the process.

Upbit review
Upbit Customer Support

Upbit registered users can request support through email, phone, live chat when available. Support options are available through the Upbit website and apps. If you have an issue that needs to be resolved you also speak to a representative by filling out a form on the Upbit website. Upbit also has a help page for solving common problems with your Upbit crypto account.

Upbit review
Upbit Phone Support

Upbit phone support can be accessed by called them on 02-567-8455.

Upbit review
Upbit Email Support

Upbit email suport can be reached at [email protected]. Although Upbit usually respond within 2 days it may take up to 7-14 days for a response to some queries during peak times.

Upbit review
Upbit Live Chat

Customers can reach out to Upbit via live chat at any time if they have issues or difficulties with their Upbit account that they can't solve. Obtaining assistance via live chat is by far the most common means of customer service compared to other types of support.

Upbit review
What Countries Is Upbit Available In?

Upbit is available in over countries. Upbit does not operate in the following countries : Afghanistan,Haiti,Iran,Iraq,Jordan,Kazakhstan,Kosovo,Lebanon,Libya,Macau,North Korea,Palestinian Territories,Panama,Sierra Leone,Syria,Yemen.

Upbit review
Upbit Account Limits

Upbit offers remarkably high limits and they depend on the user’s account level. A user’s account level is determined by the amount of information they have verified. Fully verified users can buy up to 50K USD worth crypto every day.

Upbit review
Upbit Awards

Upbit review
Can Upbit Be Trusted?

Upbit is a regulated company that is backed by major investors and holds licences for all the districts it operates in.

Upbit review
Is My Money Safe With Upbit?

Yes, Upbit is among the safest web wallets available. It keeps 98 percent of its assets in offline cold storage. Assets cannot be hacked while in cold storage. Upbit also ensures other ways to safeguard funds, i.e., two-factor authentication and AES-256 encryption. Your wallet is also covered up to 250K, courtesy of FDIC Insurance.

Upbit review
Is Upbit Regulated By A Financial Regulator?

Yes, Upbit is compliant with all applicable regulations in every jurisdiction it operates in.

How Do I Contact Upbit If There Is A Problem?

Upbit β€˜s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on Upbitβ€˜s website. Upbit also has a β€œHelp” section for less complicated issues.

Upbit Review Verdict

Upbit makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple. It offers a vast collection of cryptocurrencies to trade, and users can also earn staking rewards, among other things.

Upbit Compared To Other Cryptocurrency Platforms

  1. Visit Upbit alternative Upbit

    🀴 Used By: 8,900,000
    ⚑ Crypto Available: SAND,BTC,ETH,MANA,XRP,MATIC,MLK,BORA,HIVE,PLA,SOL,STX,STORJ,DOGE,HUM,DAWN,QTUM,ETC,SOLVE,EOS,DAD,XEC,NU,STRK,BAT,SXP,HUNT,SNT,ADA,XLM,ATOM,TRX,FLOW,JUV,SSX,ANKR,TFUEL,SC,VET,ENJ,META,LINK,DOT,MBL,CRE,LOOM,MOC,BTT,CHZ,AERGO,WAXP,CBK,LUNA,BFC,STPT,FIL,AQT,STRAX,LTC,MED,ALGO,AXS,ONT,BCH,CRO,OMG,XTZ,DKA,REP,KNC,FOR,TT,ICX,CVC,IQ,NEO,SBD,ONIT,SRM,ORBS,1INCH,WAVES,TON,MARO,ARK,GLM,POWR,BTG,XEM,POLY,GO,STMX,FCT2,QKC,PSG,HBAR,IOST,BSV,FX,ONG,RFR,IOTA,STEEM,MVL,VAL,RVN,UPP,ZIL,LSK,MTL,PCI,GAS,ARDR,AHT,MASK,THETA,ELF,GRS,MFT,ZRX,PUNDIX,KAVA,JST,RLC,RSR,AAVE,OXT,PROM,LINA,CHR,CELO,CTSI,DAI,BASIC,OBSR,HBD,DGB,GRT,IOTX,NEAR,NMR,UNI,QTCON,SUN,CRV,INJ,OGN,NKN,COMP,DENT,MKR and 151 more cryptocurrency.
    πŸ“ˆ Traded Volume: 6,103,105,924
    πŸ’΅ Deposit Methods: Bank transfer (ACH), Credit Card, Cryptocurrency

    πŸ’° Trading Fees: Market Maker 0.2% Market Taker 0.2%
    πŸ’° Withdrawal Fees: 0.0009 BTC
    πŸ’° Deposit Fees: 0
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  2. Visit Upbit alternative eToro Cryptocurrency

    🀴 Used By: 23,200,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 41,693,321
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary. Overnight and weekend fees apply
    πŸ’° Withdrawal Fees: US$5 (minimum withdrawal of US$50)
    πŸ’° Deposit Fees: Fees vary (conversion fees for non-USD deposits)
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  3. Visit Upbit alternative eToroX

    🀴 Used By: 13,000,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 42,043,394
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  4. Visit Upbit alternative Gate.io

    🀴 Used By: 4,000,000
    ⚑ Crypto Available: BTC, ETH, ETC, XTZ, CLV, EOS, OMG, BNB, LTC, UNI and 820 more cryptocurrency.
    πŸ“ˆ Traded Volume: 5,945,756,067
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.20%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  5. Visit Upbit alternative LocalBitcoins

    🀴 Used By: 1,000,000
    ⚑ Crypto Available: BTC and 1 more cryptocurrency.
    πŸ“ˆ Traded Volume: 612,000,000
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: None
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  6. Visit Upbit alternative KuCoin

    🀴 Used By: 8,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, TRX, NEO and 434 more cryptocurrency.
    πŸ“ˆ Traded Volume: 110,957,137
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: 0.10%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  7. Visit Upbit alternative Huobi

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM and 320 more cryptocurrency.
    πŸ“ˆ Traded Volume: 924,266
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.2%
    πŸ’° Withdrawal Fees: None
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  8. Visit Upbit alternative Coinbase

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC and 73 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of 0.45
    πŸ’° Deposit Fees: Credit/debit card: 3.99%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  9. Visit Upbit alternative CoinJar

    🀴 Used By: 450,000
    ⚑ Crypto Available: BTC, ETH, XRP, EOS, LTC, XLM, USDT, OMG, ZRX, MKR and 42 more cryptocurrency.
    πŸ“ˆ Traded Volume: 64,141,140
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0.05-0.15%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: No Fees
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  10. Visit Upbit alternative Crypto.com

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH and 153 more cryptocurrency.
    πŸ“ˆ Traded Volume: 2,630,000,000
    πŸ’΅ Deposit Methods: Credit card

    πŸ’° Trading Fees: Maker: 0.04-0.20%
    πŸ’° Withdrawal Fees: Cryptocurrency: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  11. Visit Upbit alternative Coinmama

    🀴 Used By: 2,300,000
    ⚑ Crypto Available: BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS and 10 more cryptocurrency.
    πŸ“ˆ Traded Volume: 86,072,667,390
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: 2.9-3.9% (depending on loyalty level)
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Credit card: 5%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

Upbit Frequently Asked Questions

Following are the most commonly asked questions (and their answers) about Upbit:

Is Upbit Safe?

Yes, Upbit is backed by high profile investors and regulated by reputed financial authorities.

How Do I Withdraw From Upbit?

Users can withdraw their crypto to fiat any time they want through an ACH transfer. Such transfers normally take 1-2 working days. Upbit also allows instant cash-outs to cards or bank accounts in exchange for extra fees.

Is Upbit Okay For Beginners?

Yes, because of how easy-to-use its web and application interfaces are, Upbit is seen as one of the best options for beginner traders.

Do I Have To Pay TAX With Upbit?

You will need to pay taxes on any cryptocurrency profit you accrue. How cryptocurrency is taxed differs on where your country of residence is and where you are in the world. In the USA federal income tax purposes, cryptocurrency is considered "property," which means the IRS classifies it as a capital asset. This means that the crypto taxes you pay are the same as the taxes you'd pay if you had a profit or loss on a capital asset sale or exchange.

Any earnings made on crypto assets held as a personal investment in the United Kingdom will be taxed. It is stated that you must pay capital gains tax only on gains that exceed the annual exempt level.

Individuals must pay taxes on cryptocurrency received as a result of mining, airdrops, confirmation incentives, and cryptocurrency acquired as a paycheck from an employer. Unless the donation exceeds the acquisition cost, crypto assets donated to charity are not subject to capital gains tax.

Check with a local accountant to check if any tax is due on your cryptocurrency trading.