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Rank #3 Korean Market Leader

Exchange data profile

Upbit

South Korea-leading cryptocurrency spot exchange featuring high fiat liquidity and strict regulatory compliance

Comprehensive market data, spot trading specifications, fee schedules, and regulatory compliance status for Upbit Exchange.

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Spot maker
0.05% (KRW Markets) / 0.20%–0.25% (BTC/USDT Markets)
Spot taker
0.05% (KRW Markets) / 0.20%–0.25% (BTC/USDT Markets)
Supported coins
180+
Trading pairs
320

Last audited: August 13, 2026

Market overview

Founded
2017
Headquarters
Seoul, South Korea
Daily volume tier
Tier 1 (Major Asian Regional Volume)
Proof of reserves
Verified
Reserve audit date
2026-Q2 Compliance Disclosures
Audit method
Independent Accounting Firms / KoFIU Regulatory Filings

Platform features

  • KRW Fiat Spot Trading Pairs
  • High-performance Order Matching Engine
  • Advanced Web and Mobile Charting
  • Institutional Custody Support
  • REST & WebSocket Public Market Data APIs

Spot trading fees

Fee Type Rate
Spot maker fee 0.05% (KRW Markets) / 0.20%–0.25% (BTC/USDT Markets)
Spot taker fee 0.05% (KRW Markets) / 0.20%–0.25% (BTC/USDT Markets)
BNB / platform discount Not applicable (No native exchange token)
VIP fee tiers No
Fiat deposit fee Free (Excludes partner bank local transfer fees)
Fiat withdrawal fee Fixed asset-based network and bank transfer fees

Security & compliance

KYC requirement
Mandatory Real-Name Verification linked with partner banks (e.g., K-Bank in South Korea)
Insurance / reserve fund
Hot/Cold storage asset segregation and cybersecurity liability insurance maintained
VIP fee tiers
No
Fiat deposit fee
Free (Excludes partner bank local transfer fees)
Fiat withdrawal fee
Fixed asset-based network and bank transfer fees

Two-factor authentication

  • Kakao Pay Authentication
  • Google Authenticator
  • Biometric Verification

Regulatory registrations and licenses

  • KoFIU (Korea Financial Intelligence Unit) Registered
  • MAS (Monetary Authority of Singapore) Registration
  • SEC Thailand and Bappebti (Indonesia) Licenses

Highlights and considerations

Highlights

  • Leading cryptocurrency spot exchange market share in South Korea
  • Deep liquidity pools for KRW-denominated trading pairs
  • Strict regulatory compliance and real-name banking integration
  • Robust API capabilities for systematic spot market tracking

Considerations

  • Fiat onboarding is restricted to authorized partner bank accounts in supported jurisdictions
  • Fee schedules do not feature automated volume-based VIP tier discounts
  • Asset listing selection is tightly controlled by local regulatory and compliance standards

Frequently asked questions

What are Upbit spot trading fees?
Upbit spot trading fees are set at 0.05% for KRW-denominated markets and range between 0.20% and 0.25% for BTC and USDT markets.
Is Upbit regulated in South Korea?
Yes, Upbit is fully registered with the Korea Financial Intelligence Unit (KoFIU) and enforces strict real-name verified banking compliance.
How many cryptocurrencies does Upbit support?
Upbit supports over 180 digital assets and a broad selection of spot trading pairs across its regional exchange platforms.
Does Upbit require identity verification (KYC)?
Yes, strict KYC and AML verification are mandatory, requiring identity confirmation and linkage with partner banks such as K-Bank for fiat transactions.

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Full review

Upbit, established in October 2017 by Dunamu Inc., functions as a primary South Korean cryptocurrency spot exchange. Operating under rigorous domestic and international regulatory frameworks, it provides high-liquidity fiat trading pairs (KRW) alongside digital asset markets. This technical and operational profile details its spot fee schedules, asset metrics, security protocols, and compliance status as of August 2026.

Spot Market Liquidity & Market Structure

Upbit records high daily spot volumes driven primarily by South Korean retail and institutional participation. The exchange supports over 180 digital assets and hundreds of spot trading pairs, featuring high order book depth and narrow spreads specifically across KRW-denominated markets.

Fee Schedule & Market Tiers

The spot trading fee structure varies by market denomination. KRW-denominated spot markets apply a flat rate of 0.05% for both makers and takers, while digital asset pairs (such as BTC and USDT markets) operate on a baseline fee structure ranging between 0.20% and 0.25%.

Regulatory Framework & Asset Security

Compliance operations are anchored by registration with the Korea Financial Intelligence Unit (KoFIU) and integration with real-name verified banking partners like K-Bank. Security measures incorporate multi-factor authentication systems, segregated cold-storage asset management, and independent accounting verification audits.