How to assess Upbit fees before you trade
You can assess Upbit fees by checking the market fee schedule, deposit and withdrawal costs, and the total round-trip cost before you confirm a trade.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20263 min readFact-checked
On this page
- Upbit usually lists one trading fee per market.
- Deposit, withdrawal, and network fees cut returns.
- Keep confirmations with dates, amounts, and fees.
Upbit is a South Korean exchange, so its fee page and account rules differ from many US platforms. A trade can carry a trading fee, a deposit fee, a withdrawal fee, and a blockchain network fee.
What should you check before you start?
Upbit's terms generally restrict US residents, so read the current eligibility rules first. If you can proceed, Upbit usually verifies your identity with a government-issued ID and a selfie.
How do you assess Upbit fees step by step?
Open the fee schedule and work through the costs in the order you will pay them. The trading fee is one charge; deposit and network fees also come out of your funds.
- 1Open the fee scheduleLog in to Upbit and open the fee page. Find your market's rate and any account tier, because Upbit usually sets the trading fee by market.
- 2Compare maker and taker ratesMany exchanges charge less for limit orders that add liquidity and more for market orders that take liquidity. Upbit's schedule usually lists a single trading fee for each market.
- 3Check deposit and withdrawal feesOpen each asset's page. Confirm the supported network and its deposit or withdrawal fee, because the cost depends on the network you choose.
- 4Add the round-trip costAdd the fee to buy, the fee to sell, and any deposit or withdrawal fee. That total is your round-trip cost before you confirm.
- 5Review the order previewThe order window usually shows the estimated fee and net amount. If the preview does not match the schedule, check the fee page again.
What should you do after you trade?
After each trade, download the confirmation and record the fee. The IRS treats virtual currency as property, so keep records of what you paid, what you received, and the fees.
Frequently asked questions
Upbit usually deducts the trading fee from the asset you receive or from the quote currency. The order preview shows the fee currency before you confirm.
Yes. The preview also lets you check the fee currency and the total amount leaving your account.
Upbit generally sets its trading fee by market rather than by order size, so a larger order usually pays the same rate. Deposit and network fees can still vary.
Use the official support center in the Upbit app or website. Include the order ID, the date, and the fee amount.
