Ranked in 0 of 16 countries · Exchange
Upbit Review (October 2026): Fees, Licences and Where It Works
By Vahe Hakobyan Verified No affiliate links
- Taker fee0.05%
- Maker fee0.05%
- Coins359
- CustodyCustodial
- Founded2017
- HeadquartersSeoul, South Korea
Our verdict
Upbit is South Korea's won-based crypto exchange, run by Dunamu in Seoul since October 2017 and open to Korean residents only. It lists around 360 assets across KRW, BTC and USDT markets, charges 0.05% on KRW-market orders and offers staking. BTC and USDT books are shared with Upbit Indonesia and Thailand.
Pros
- Low flat 0.05% fee on KRW markets
- Deep won liquidity and wide coin list
- Staking on major proof-of-stake coins
Cons
- Korean residents only
- 2019 hack lost 342,000 ETH
- No proof-of-reserves report found
Where Upbit works
| Country | Status | Rank | Local licence |
|---|---|---|---|
| USA | Not available | — | — Not verified |
How secure is Upbit?
- Proof of reserves
- — Not verified
- Custody
- Custodial
Incidents since 2019
- 2019hackIn November 2019 hackers stole 342,000 ETH, about 58 billion won, from Upbit; Korean police later attributed it to North Korea's Lazarus and Andariel.
Crypto held on a platform is generally not covered by deposit insurance.
What you can do on Upbit
- Spot
- Staking
Products can differ by country; check what the platform offers where you live.
Upbit FAQ
What are Upbit's trading fees?
At the base tier of its main order book Upbit charges 0.05% maker and 0.05% taker. Volume tiers and promotions can lower this.
Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.