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Ha Noi
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45 Review
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Review on Upbit by Viet Pham

Revainrating 3 out of 5

Korea's largest exchange and security holes

Upbit, launched in 2017, is one of the major Korean cryptocurrency exchanges, behind the Upbit platform, the KaKao chat applications ,also have a connection with bittrex exchange - the US exchange.
It is Korea's leading exchange, supports a variety of cryptocurrencies and pairs trading with Korean fiat currency, the transaction fee is as low as 0.05%, has a good support team, and has You can use the exchange on multiple platforms.
However, the exchange has encountered an extremely serious hack when being hacked nearly $ 50 million worth of ETH, greatly affecting users.




Pros
  • Large exchanges, relatively low transaction fees, supporting the transaction of many coins
Cons
  • Difficult to deal with if you are not a Korean, identity verification process is quite long and difficult
  • The safety and security of the Upbit trading platform is being suspected as they have lost $ 50 million in ETH

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