Review on Upbit by Özgün A
An exchange that gives priority to Far Eastern countries
Upbit is a crypto par exchange project created with blockchain technology.
Upbit is an exchange focused on the Far East. Many stock exchanges are having difficulty in accessing far eastern countries. Upbit was created to eliminate this obstacle. It offers the opportunity to trade by integrating the Far Eastern countries with the stock markets in Europe and America.
Upbit is very poor in language. Only four languages are available. There is no live support or I could not find it, but you can send your questions and problems to them by email.
I can say Upbit is medium level or even low level in terms of security measures. They write that they have many security certificates, but there is no information about these certificates. The websites are very plain and there are not enough informative articles. You can buy or sell stocks with Upbit.
Upbit social media is also very active. You can reach them from many social media accounts such as Facebook, Linkedin, Twitter, Instagram.
I have used the Upbit exchange less than 10 times and I am not satisfied. Such a small exchange should have lower commission rates. Also, there is not enough cryptocurrency diversity. Altcoins should be given importance in such small exchanges because users do not store their large and important assets such as Bitcoin or Ethereum on such exchanges.
Pros
- Can be used on both desktop web browsers and mobile devices
- Opening the funds of Far Eastern countries to the other world
Cons
- You cannot benefit from all the opportunities of the exchange without identity approval
- They have really low level security procedures and they don't tell you what security procedures they have
- Insufficient altcoin list
