1 Level
11 Review
2 Karma
Review on Upbit by Evangeline Bradford
Upbit cryptocurency Exchange Review
Upbit exchange is one of the biggest exchange and its trading volume is also very high from when its listed on coinmarketcap. Traders can trade quickly because of high liquidity. Upbit exchange supports more than 200 cryptocurrency trading pairs and also Upbit exchange accepts fiat currency deposits in KRW from south korean banks.
User can't purchase cryptocoins with fiat currency by credit cards through Upbit exchange. Upbit provides multiple trading pairs but most of them are with KRW pairs and very few pairs are with BTC.
Upbit cryptocurrency exchange support system is disappointing because there is no responce from support on my ticket yet. Upbit exchange trading fees is also low as compared to other south korean cryptocurrency exchanges. Upbit exchange does not offer margin trading feature to their users.
In short, upbit exchange is best exchange for south korean people that provides the fiat currency support in KRW and high liquidity but upbit does not offers many features like margin trading and purchasing coins with credit cards features.
Pros
- Upbit exchange has great trading volume from its listing on coinmarketcap.
- Upbit offers very less trading fees which is 0.25% from both maker and takers of trade.
- Upbit supports KRW fiat currency and accepts fiat currency deposit of South Korean Won.
- Upbit exchange does not charge on deposits of cryptocurrency or fiat currency.
- In Upbit exchange, there are more than 200 cryptocurrency trading pairs with high liquidity.
Cons
- Upbit exchange provides only KRW trading pairs or provides very few BTC pairs.
- Upbit Cryptocurrency Exchange does not gives leverage trading functions.
- Upbit sets lowest trading order size so, user can trade coins under 0.005 BTC.
- We cant purchase cryptocurrencies by credit cards in upbit exchange.
