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Venezuela
1 Level
1191 Review
4270.25 Karma

Review on Upbit by LUIS RIVERO R

Revainrating 3 out of 5

Highly competitive exchange, but needs improvement.

Upbit is one of the fastest growing exchanges in recent years, being one of the highest positions due to its transaction volume, capitalization and number of listed assets.
Some of the most significant characteristics are:
Its application is simply complete since it has a complete market and trading environment
The withdrawal of assets is limited, depending on the degree of verification.
It has security features similar to those of other exchanges, such as Authentication of two factors, background security password, advanced cybersecurity, among others.
It has subdivisions of business areas of South Korea, and another for the rest of the world, but its characteristics and operation are relatively equal.
In general, this exchange has important associations within Korea, and an important growth of daily transactions. The registration process is extremely simple, however to make any deposit or withdrawal it is necessary to verify your identity and find yourself in one of the available countries. It has, as I mentioned, fees for average transactions with those offered by most exchanges, although withdrawals are cheap commissions.
This exchange offers an innovative and highly competitive platform, it is really recommended due to its versatility.



Pros
  • Application available for android and IOS.
  • Fees for highly competitive trading.
  • Retirement transactions have low fees.
  • They have a really complete support area.
Cons
  • It does not have leverage.
  • It does not have much information in various media.
  • Fiat limited.
  • Identity verification is necessary to begin using it.
  • Some countries are limited.
  • It is not possible to deposit in the account with credit cards.
  • Especially aimed at the Asian public.

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