Upbit review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Upbit is a low-cost custodial exchange run by Dunamu, suited to traders who want a long coin list and small trading fees. Its taker fee of 0.05% sits well under the site median of 0.2%, and it publishes proof of reserves.
Key facts
- Best for
- Spot traders who want a low taker fee and a long coin list.
- Taker fee
- 0.05%↗
- Coins listed
- 344↗
- Fiat deposit methods
- Bank↗
- Maker fee
- 0.05%↗
- Proof of reserves
- Yes↗
- Derivatives
- No↗
- Exchange type
- Cex↗
- Legal entity
- Dunamu↗
- Headquarters
- South Korea↗
- Founded
- 2017↗
- Support channels
- Chat, Help-centre↗
- Features
- Custodial, Staking
- Official website
- upbit.com
Facts checked September 26, 2026, 2 sources
Pros and cons
Pros
- Taker fee of 0.05% and maker fee of 0.05% sit below the site median taker fee of 0.2%.
- A coin list of 344, well above the site median of 62.
- Proof of reserves is published.
- Staking sits alongside the custodial account in custodial and staking.
Cons
- Fiat deposits rely on bank, so bank transfer is the only route listed.
- Support is limited to chat and help centre.
- Derivatives are not offered, and the custodial setup in custodial and staking means the exchange holds the coins.
Who it suits
- Traders who want a low taker fee of 0.05% on spot buying and selling.
- Holders who want staking on a custodial account instead of running a wallet.
- Traders who fund by bank transfer and are happy with bank as the route.
Who should look elsewhere
- Anyone chasing the lowest trading cost, since ActivTrades charges a taker fee of 0%.
- Traders who prefer a higher rate, since Bit2Me charges a taker fee of 0.6%.
How it compares on our data
Upbit lists 344 coins, which places it at position 47 of 172 brands compared on coins listed. On taker fee it sits at 27 of 118, with 0.05% below the site median of 0.2% and the buy-crypto median of 0.25%. Listing size and cost are both strengths.
The company behind it
Upbit is run by Dunamu, a company based in South Korea and founded in 2017. Support runs through chat and help centre, so most questions get a written answer in the help centre or a live chat response rather than a phone call. The company behind the account is a single operator, which shapes how support and custody work.
How Upbit compares
9.1 vs 9.5- 9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.7Its taker fee of 0% undercuts Upbit's 0.05%, which matters most for frequent traders.
9.1 vs 9.4
9.1 vs 9.6
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 9.0
9.1 vs 8.2
9.1 vs 8.2
9.1 vs 9.7
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 8.7
9.1 vs 8.6
Where Upbit is available
- Available
- South Korea
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to trade on Upbit?+
Trading fees are 0.05% for takers and 0.05% for makers on the custodial account. That compares with a site median taker fee of 0.2% and a buy-crypto median of 0.25%, so costs sit in the cheaper part of the market.
How many coins can I trade?+
Upbit lists 344 coins, which is well above the site median of 62 and the ranking median of 74.5. On the site's listings measure it places at 47 of 172 brands compared.
How do I deposit money?+
Fiat deposits run by bank transfer, listed as bank. That is the only route given for funding the account, so topping up depends on being able to transfer from a bank account. Plan that step before trading starts.
Do I hold my own coins?+
Upbit runs a custodial model, so the exchange holds the coins rather than you holding the keys. The features listed as custodial and staking add staking to that setup, which suits holders who would rather not manage a wallet themselves.
How safe is the money on the platform?+
Upbit publishes proof of reserves, so it shows what it holds against customer balances. Around 79.4% of the brands on the site do the same, which makes it a common check rather than a rare one. It is a published snapshot, not a promise of what happens if the platform fails.
Can I trade derivatives on Upbit?+
No. Derivatives are not offered here, so the product set stays on spot buying and selling, plus staking. Traders who want futures or perpetual contracts need a venue that lists derivatives rather than this one.
How do I get help if something goes wrong?+
Support runs through chat and help centre, so you get live chat and a help centre rather than a phone line or email desk. That suits traders who are happy to work through chat. Anyone needing voice support should weigh other venues before signing up.
Sources
- coingecko.com/en/exchanges/upbit checked September 26, 2026
Backs: Coins listed, Founded, Exchange type, Fiat deposit methods, Headquarters, Maker fee, Taker fee
“id=upbit; coins=344; pairs=541”
- coinmarketcap.com/exchanges/upbit checked September 26, 2026
Backs: Derivatives, Features, Legal entity, Proof of reserves, Support channels
“Upbit does not support leveraged trading or offer margin trading.”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Regulators.