RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Upbit

Upbit Exchange Review

Centralized

Upbit is a cryptocurrency exchange based in South Korea that was launched in October 2017 with the help of Bittrex – one of their partners. An Upbit exchange review shows that they serve the crypto space via no less than 303 active markets and provide access to a 180 cryptocurrencies and/or digital assets (crypto assets). Upbit was allegedly the first Korea exchange to list hundreds of altcoins.

Their website is available in more than one language, including English. For example, a pop-up message makes it clear that Upbit can be used in English and allows for easy navigation to the English version of their website. An Upbit exchange review also reveals that they make use of a firewall system and monitor security 24/7 in real-time. This while they seem to be on the ball in terms of customer service. This is according to them the result of years of experience in operating a stock trading system on a massive scale.

Upbit also seems to offer a user-friendly app that can be downloaded via the App store and Google Play. The app offers real-time monitoring with custom notifications, trends and market data, including altcoin analysis and more.

Upbit don’t seem to be without controversy as their main office was raided on May 10, 2018 as part of a probe into fraud. This while an Upbit exchange review reveals that executives of Upbit, three senior staff members, were indicted or formally charged on December 21, 2018 on charges of fraud. They were allegedly involved in making fake orders – something this crypto-asset exchange / digital asset exchange denies.

  • 24h Trading Volume

    52904.996 BTC
  • Establish date

    2017
  • Headquater

    South Korea

Upbit Exchange Review

  • Accepted Payment Method

    Crypto to Crypto only
  • Native Token

    No
  • Margin Trading

    No
  • Download Clients

    • Download client
    • Download client

Upbit Exchange Score Analysis

Upbit is a Singapore based cryptocurrency exchange with a well-constructed site, a decent number of crypto supported, a large volume and according to one news outlet, insured crypto. The team, however, appears difficult to locate online and are relatively anonymous other than the CEO, who is experienced. However, their support entirely ignored our support queries, and the team has been under investigation for fraud allegations, so do take this into consideration.