Upbit
Korea's Leading Exchange
Very Good
Summary
Upbit is the dominant exchange in South Korea with exceptional ETC/KRW liquidity. Essential for Korean traders, but limited utility for international users.
Pros
- Highest KRW liquidity for ETC
- Very low trading fees (0.05%)
- Strong regulatory compliance in Korea
- Bank-grade security
- Fast KRW deposits/withdrawals
Cons
- Primarily serves Korean market
- Interface mainly in Korean
- Limited payment methods for non-Koreans
- KYC required
Full Review
Upbit dominates the South Korean crypto market, often showing the highest ETC/KRW volume globally. For Korean residents, it's the obvious choice.
Market Position As Korea's largest exchange (operated by Dunamu, with backing from Kakao), Upbit enjoys trust and liquidity that smaller competitors cannot match.
ETC/KRW Market The ETC/KRW pair frequently shows $2M+ daily volume, rivaling or exceeding some USD pairs. This liquidity ensures tight spreads for Korean won trades.
Regulatory Compliance Fully compliant with Korean regulations, including real-name banking requirements. This provides a secure, regulated environment for Korean users.
Fee Structure Very competitive 0.05% trading fee, among the lowest in the industry. Combined with free KRW deposits, it's very cost-effective for local users.
Limitations The platform is optimized for the Korean market. While international access is possible, the interface, support, and banking options cater primarily to Korean residents.
ETC Support Details
Trading Pairs
Deposit Methods
Withdrawal Fee
0.01 ETC
ETC Features
Rating Breakdown
Quick Facts
- Type
- CEX
- Trading Fee
- 0.05%
- Withdrawal Fee
- 0.01 ETC
- KYC Required
- Yes
- Regions
- Korea, Asia