About Upbit

Upbit handles roughly 75-80% of all cryptocurrency trading volume in South Korea, a market that regularly ranks among the global top five by national trading volume. Backed by Dunamu (a subsidiary of Kakao, Korea's dominant messaging platform), Upbit benefits from deep integration with Korean banking infrastructure. KRW deposits and withdrawals are near-instant during banking hours. Flat fees of 0.05% on all trades are among the lowest in the industry, period. The catch is geographic: without a Korean bank account and phone number, you effectively cannot use the platform. International users are limited to the much smaller Upbit Indonesia and Upbit Singapore services. The interface is clean, fast, and optimized for mobile. Korean regulators require strict KYC and real-name verification through partnered banks, which means Upbit is one of the most tightly regulated exchanges anywhere. The token selection at about 190 assets covers all major projects plus Korean market favorites. For Korean residents, Upbit is the obvious default. For everyone else, it's essentially inaccessible.