What is Upbit?
Upbit is a cryptocurrency exchange that allows users to buy, sell, and trade a variety of cryptocurrencies. It is one of the largest exchanges in South Korea and is known for its wide selection of altcoins and user-friendly interface.
Who is the Founder?
Upbit was founded by Dunamu Inc., which was established by Lee Seok-woo.
When Did It Start Operations?
Upbit launched and began operations in October 2017.
Where Is It Based?
Upbit is headquartered in South Korea.
In Which Countries Is It Banned?
Upbit primarily serves users in South Korea. It may face restrictions in other countries, including:
- China: Cryptocurrency exchanges are banned.
- United States: Upbit has limited services for U.S. residents and operates under specific regulatory constraints.
- Other Countries: Various jurisdictions may have regulations that limit access to Upbit’s services.
What Is the Trading Fee?
Upbit’s trading fees typically range from 0.05% to 0.15% for both maker and taker orders, depending on the user’s trading volume and specific promotions.
Is Margin Trading Available?
Yes, Upbit offers margin trading, allowing users to trade with leverage. This can increase potential returns but also comes with higher risk.
