Upbit.com is a new Korean C2C exchange and is launched by the biggest messaging app developer in Korea, Kakao. Kakao teamed up with to offer a myriad of cryptocurrencies. This is a cryptocurrency trade primarily based totally in South Korea that changed into released in October 2017 with the assist of – certainly considered one among their partners. An trade overview indicates that they serve the crypto area thru no much less than 303 lively markets and offer get right of entry to to a one hundred eighty cryptocurrencies and/or virtual assets (crypto assets).
Upbit.com changed into allegedly the primary Korea trade to listing masses of altcoins. Their internet site is to be had in a couple of language, consisting of English. For example, a pop-up message makes it clean that may be utilized in English and lets in for clean navigation to the English model in their internet site. An trade overview additionally well-knownshows that they employ a firewall machine and reveal safety 24/7 in real-time.
This at the same time as they appear to be at the ball in phrases of purchaser service. This is in keeping with them the end result of years of revel in in working a inventory buying and selling machine on a huge scale. The additionally appears to provide a user-pleasant app that may be downloaded thru the App shop and Google Play. The app gives real-time tracking with custom notifications, traits and marketplace data, consisting of altcoin evaluation and more.
Upbit.com Exchange Basic Points
|Daily Withdraw Limt||100 BTC|
|Deposit Fees||Free. Small deposit fees apply.|
|Easy To Use||Yes|
|Withdraw Fee||BTC 0.001|
|Customer Support||Available At Ticket & Live Chat|
How To Start ?
How To Sign Up At Upbit.com Exchange ?
It Is Very Easy To Sign Up At Tidex Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.
How To Deposit Fund At Upbit.com Exchange ?
Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .
How To Trade At Upbit.com Exchange ?
Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.
How To Withdraw At Upbit.com Exchange ?
Withdrawing your funds from Tidex is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.
How To Verify Id At Upbit.com?
You Can Start Trading On Without Going Through The Verification Process, However, In Order To Trade Fiat Currencies For Bitcoin Or To Trade With Stablecoins, Id Verification Is Needed. Depending On The Account Type (Individual Or Corporate), The Exchange Can Require Additional Documents.
Upbit Trading fees
This exchange offers a flat trading fee of 0.25%. They does accordingly not distinguish between takers and makers. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.
0.25% is in line with the historical industry averages with respect to trading fees. The global industry average has for a long time been somewhere in the area of 0.25%. When comparing with its South Korean counterparts however (Bithumb, Coinone, Korbit, Coinrail and Gopax), Upbit’s fees are however on the high end. The average taker fee among these exchanges is 0.139% and the average maker fee is 0.11%.
Upbit Withdrawal fees
Withdrawal fees are usually fixed and vary from crypto-to-crypto. If you withdraw BTC, you pay a small amount of BTC for the withdrawal. If you withdraw ETH, you pay ETH. The last time they did an empirical study of the BTC-withdrawal fees in the crypto exchange market, they found that the average BTC-withdrawal fee was approx. 0.0006 BTC per BTC-withdrawal. The charges 0.0005 BTC per BTC-withdrawal, which is slightly below the global industry average. Accordingly, their withdrawals fees are definitely competitive enough.
Upbit offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course bad news to you if you would prefer to use your credit card for any reason.
On 27 November 2019, a hacker managed to access Upbit’s hot wallet. When in, he/she managed to transfer 342,000 ETH to his/her own address. At the time, the ETH stolen was worth USD 53.5 million. But, on the plus side, the exchange will compensate all users that lost Ethereum assets in full.
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Upbit, Global Leading Digital Asset Exchange
Upbit, the Most Trusted Digital Asset Exchange
Upbit.com Indonesia is powered by Upbit, the global top exchange with world-class blockchain technology, regulatory expertise and operational know-how.
FinTech Expert with the Proven Record
Upbit provides financial-institution grade of security and user-friendly service from years of experience operating stock trading system in massive scale.
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Upbit.com support +150 Digital Assets. 24/7 real-time security monitoring for enhanced security. ISO 27001, ISO 27017, ISO 27018 certified world-class security system.
Upbit Indonesia Office
Treasury Tower Lantai 21 District 8, SCBD. Jl. Jend Sudirman Kav 52 – 54, Jakarta Selatan 12190. Map.