Upbit Exchange Fee Calculator
Estimated Monthly Trading Costs
Upbit Flat Fee: $0.00
Number of Trades: 0
Fee Rate: 0.25%
Average Trade Size: $0.00
Total Fees: $0.00
Percentage of Volume: 0.00%
Comparison with Other Exchanges
Binance Tiered Fee (Maker): 0.02%
Binance Tiered Fee (Taker): 0.10%
Upbit Flat Fee: 0.25%
Based on current market conditions and standard trading volumes.
About Upbit's Fee Structure
Upbit charges a flat 0.25% trading fee for all users regardless of trading volume. This simple fee model makes it easy to calculate costs but may be less favorable for high-volume traders compared to tiered fee structures offered by competitors like Binance.
Quick Summary
- Launched in 2017 by Dunamu, Upbit is a leading South Korean crypto exchange.
- Offers over 150 assets across 158 pairs, with a flat 0.25% trading fee for all users.
- Security is anchored by ISO 27001, ISO 27017, and ISO 27018 certifications and institutional‑grade custody.
- Deposits are limited to wire transfers; credit‑card funding is not available.
- Mobile app has 100,000+ downloads but a modest 3.2‑star rating.
What Is Upbit?
When you hear about Upbit is a South Korean cryptocurrency exchange launched in October 2017 by Dunamu. The platform quickly grew to become one of the top five exchanges in Korea and sits among the world’s three‑largest by trade volume.
Upbit operates under strict regulatory oversight in South Korea, while separate brands like Upbit Global serve users in Europe and Singapore. This geographic split helps the company stay compliant with local laws without sacrificing global reach.
Security & Compliance - The Core of Upbit’s Offering
Security is the biggest selling point for Upbit. The exchange holds ISO 27001, ISO 27017, and ISO 27018 certifications, proving it meets the highest standards for information security, cloud security, and personal data protection.
Real‑time monitoring runs 24/7, and the custody solution is described by the platform as institutional‑grade custody. After a 2019 hack that resulted in the loss of 342,000 ETH, Upbit reimbursed every affected user and tightened its safeguards, including a bug bounty program that continuously audits the codebase.
For traders, this means you can keep large positions on the exchange with confidence that cold‑storage protocols and multi‑signature wallets are in place.
Asset Selection & Trading Features
As of 2025, Upbit lists more than 150 cryptocurrencies, from flagship Bitcoin and Ethereum to niche DeFi tokens. The breadth of options exceeds many regional rivals and rivals global platforms that limit offerings to the top 100 assets.
Trading is straightforward: spot markets, limit orders, market orders, and stop‑limit orders are supported. There is no built‑in futures or options trading yet, which may push active derivatives traders toward competitors.
The UI is clean and mirrors traditional stock‑trading dashboards, a design choice that reflects Dunamu’s background in securities trading. Beginners appreciate the intuitive layout, while seasoned users find the charting tools a bit basic compared to platforms like Binance.
Fees - Simplicity Meets Higher Cost
Upbit employs a flat 0.25% trading fee for all orders, whether you’re a maker or taker. This simplicity is attractive for casual traders, but high‑volume professionals often miss the tiered discounts that other exchanges provide (e.g., Binance’s maker rebate as low as 0.02%).
Withdrawal fees are crypto‑specific. For example, moving Bitcoin out of Upbit costs 0.0005BTC, slightly below the industry average of 0.00053BTC. Deposits, on the other hand, are limited to bank wire transfers; there is no credit‑card or instant‑payment option, which can be a hurdle for users in regions where those methods dominate.
Overall, the fee structure is transparent but leans toward the higher end of the market.
User Experience & Mobile App
The Upbit Global mobile app is available on Android and iOS. It has crossed the 100,000‑download mark and offers full trading functionality, including order placement, portfolio tracking, and push notifications.
Despite its feature completeness, the app holds a modest 3.2‑star rating from over 4,200 reviews. Users praise the clean interface and security prompts, yet criticize occasional lag during high‑volume market spikes and the lack of integrated charting tools.
Customer support is reachable via email, live chat, and a phone hotline for Korean users. Response times average under 24hours, and the help center contains multilingual guides covering KYC, deposits, and trading basics.
Pros & Cons - A Balanced View
- Pros
- Strong regulatory compliance in South Korea and Singapore.
- ISO‑certified security infrastructure and institutional‑grade custody.
- Wide asset selection (150+ coins).
- Simple flat‑fee model for casual traders.
- Good mobile app functionality for on‑the‑go trading.
- Cons
- Higher 0.25% fee can erode profits for high‑frequency traders.
- No credit‑card or instant‑payment deposits.
- Lack of futures/derivatives products.
- Mobile app performance issues during market surges.
- Limited global brand recognition compared to Binance or Coinbase.
How Upbit Stacks Up Against Major Competitors
| Feature | Upbit | Binance | Bithumb |
|---|---|---|---|
| Founded | 2017 | 2017 | 2014 |
| Regulatory status | Licensed in KR, compliant in SG | Global, varying licenses | KR licensed, limited abroad |
| Asset count | 150+ | 500+ | 120+ |
| Flat trading fee | 0.25% | 0.10%‑0.02% tiered | 0.15%‑0.20% tiered |
| Deposit methods | Wire transfer only | Bank, credit card, PayPal, crypto | Bank, credit card |
| Mobile app rating (Google Play) | 3.2 ★ (4,260 reviews) | 4.5 ★ (1M+ reviews) | 4.0 ★ (150k reviews) |
| Security certifications | ISO 27001/27017/27018 | Not publicly disclosed | ISO 27001 |
Getting Started - A Step‑by‑Step Checklist
- Visit the official Upbit website and click “Sign Up”.
- Enter your email, set a strong password, and verify the address.
- Complete KYC: upload a government‑issued ID, selfie, and proof of residence. Expect 1‑3 business days for approval.
- Initiate a wire transfer from your bank to the KR or SG account details provided in the “Deposit” section.
- Once funds arrive, navigate to the “Trade” tab, select a market (e.g., BTC/KRW), and place a limit or market order.
- Secure your assets: consider moving long‑term holdings to an external hardware wallet.
Who Should Consider Upbit?
If you value regulatory compliance and top‑tier security above ultra‑low fees, Upbit is a solid choice. Institutional investors and Korean residents often pick it for its licensing and local liquidity. Conversely, day‑traders chasing minimal fees or users needing instant card deposits may look elsewhere.
Future Outlook
Upbit’s roadmap for 2025 includes expanding its derivatives offering, adding more fiat gateways (e.g., credit‑card onboarding), and tightening fee structures to stay competitive. The ongoing bug bounty program and ISO re‑certifications suggest the security posture will only improve.
Frequently Asked Questions
Is Upbit safe for large deposits?
Yes. Upbit’s ISO‑certified security framework, institutional‑grade custody, and 24/7 monitoring make it one of the safest platforms for sizable holdings. The 2019 hack was fully reimbursed, and the exchange has since added a robust bug‑bounty program.
What fiat currencies can I deposit?
Upbit accepts wire transfers in Korean Won (KRW) for the Korean platform and Singapore Dollars (SGD) on the Singapore version. Credit‑card or PayPal deposits are not supported.
How does the 0.25% flat fee compare to other exchanges?
The flat 0.25% fee is higher than tiered models on Binance (as low as 0.02% for makers) but lower than some regional rivals that charge up to 0.30% per trade. It’s simple to calculate, which helps casual traders.
Can I trade on Upbit via API?
Yes. Upbit provides a RESTful API with endpoints for market data, order placement, and account management. Documentation is available in English and Korean, though rate limits are stricter than on Binance.
What is the withdrawal speed for Bitcoin?
Typical Bitcoin withdrawals are processed within 15‑30 minutes after network confirmation. Upbit’s internal checks add a short buffer, but most users report receipts within an hour.
bob newman
January 19 2025Wow, Upbit really decided to reinvent the wheel by slapping a flat 0.25% fee on everything, because who needs tiered discounts, right?
Obviously the masterminds behind this platform are trying to fund a secret moon base, given how generous they are with user funds.
Every trade you make is basically a donation to the “We Control the Crypto Galaxy” fund.
Security? Sure, they have “state‑of‑the‑art” measures, but have you considered the invisible backdoor that probably lets the founders watch every transaction?
And those withdrawal fees? A tiny 0.0005 BTC, perfect for keeping your coins just far enough away from you to avoid detection.
Honestly, if you’re a high‑volume trader, you might as well switch to a platform that pretends to care about you but actually siphons your profits.
But hey, at least the UI looks shiny, which is exactly what matters when you’re being slowly bled dry.
The fee calculator is a masterpiece of futility – you input your volume and it tells you exactly how much you’ll lose.
It’s like watching a magician pull a rabbit out of a hat, except the rabbit is your hard‑earned money.
And let’s not forget the “compare with Binance” section, which subtly hints that Upbit is the underdog you should pity.
In reality, Binance’s tiered fees are a gift to anyone who knows how to read the fine print, something Upbit apparently discourages.
So if you enjoy being part of a grand experiment where your fees fund something mysterious, Upbit is your playground.
Otherwise, you might want to explore alternatives before you become a footnote in the “crypto fee horror stories” anthology.
Bottom line: Upbit is a bold experiment in fee flat‑lining, and the only thing flat about it is the excitement level.
If you’re into conspiracy‑themed finance, welcome aboard.
Anil Paudyal
January 28 2025i thnik upbit fees r kinda high but its ok.
Kimberly Gilliam
February 6 2025Upbit looks sleek and promises safety but the flat fee feels like a betrayal. It’s a drama waiting to unfold.
Jeannie Conforti
February 16 2025Hey folks, just a quick heads‑up: the 0.25% flat fee is simple to calculate, but if you trade a lot you’ll end up paying more than on tiered platforms. Also, keep an eye on withdrawal costs – Bitcoin is cheap here, but other coins can vary. Overall, Upbit is decent for beginners who don’t want to juggle fee tiers.
tim nelson
February 25 2025I get what you’re saying about the simplicity being a double‑edged sword. For the average user it’s fine, but power traders should definitely shop around.
Zack Mast
March 6 2025Upbit’s fee structure is like a mirror reflecting humanity’s obsession with uniformity – everyone pays the same, regardless of effort. In a world where we celebrate individuality, this feels oddly authoritarian. Perhaps the designers believe that equality in fees will bring equality in outcomes, a delusion that echoes ancient myths of a utopia built on sacrifice. Yet, the true cost is hidden in the silence of the blockchain, where every transaction whispers the price of conformity.
Dale Breithaupt
March 15 2025Keep your eye on the fee calculator, it’s a great tool for budgeting, and don’t forget to compare with other exchanges before you commit.
Rasean Bryant
March 25 2025Totally agree – a quick check can save you dollars, and the community love sharing tips.
Angie Food
April 3 2025Oh great, another “review” that pretends Upbit is some revolutionary platform while ignoring the fact that its fees are a scam. If you’re not blind, you’ll see right through the marketing fluff.
Jonathan Tsilimos
April 12 2025From a compliance perspective, Upbit’s flat‑fee regime simplifies KYC/KYB assessments, yet it fails to optimize cost‑efficiency for high‑frequency market‑makers, thereby potentially diminishing liquidity provision incentives within the order‑book depth.
jeffrey najar
April 21 2025You make a solid point about liquidity. For most retail traders the simplicity outweighs the lost efficiency, but it’s worth noting for institutions.
Rochelle Gamauf
May 1 2025It is evident that the platform’s fee architecture lacks the sophistication demanded by discerning investors; one must question the strategic foresight of such a monolithic approach.
Jerry Cassandro
May 10 2025Indeed, the lack of tiered discounts could be a deterrent for volume traders seeking optimized execution costs.
Parker DeWitt
May 19 2025Upbit’s UI looks slick 😎 but those fees? Not so sweet 😬. Maybe stick with Binance if you want lower costs 👍.
Allie Smith
May 28 2025In the grand tapestry of crypto exchanges, Upbit adds a unique thread – its simplicity can be a catalyst for newcomers to explore the market with confidence.
Lexie Ludens
June 7 2025While your optimism is lovely, the reality is that many users will feel the pinch of that flat 0.25% fee, especially when markets swing wildly.
Aaron Casey
June 16 2025Considering the global crypto landscape, Upbit’s standardized fee could appeal to regions where regulatory clarity is still evolving, offering a predictable cost structure amidst uncertainty.
Leah Whitney
June 25 2025That’s a fair observation; predictable fees do help adoption in emerging markets where traders are cautious.
Lisa Stark
July 5 2025One could argue that Upbit’s approach balances accessibility with transparency, yet the trade‑off remains in the form of higher costs for power users.
Logan Cates
July 14 2025Sure, but remember that behind every “transparent” fee there might be hidden incentives pushing you toward other services – stay vigilant.