Upbit
##What is Upbit? Upbit Korea is the largest cryptocurrency exchange in South Korea in terms of trading volume and customer base, with over 180 crypto coins/tokens listed and over 300 trading pairs readily available. Upbit's ecosystem comprises of Upbit Exchange, NFT Marketplace/Drops platform, and its Staking services. Through its user-friendly web platform and mobile apps, Upbit offers a fast and secure trading experience and has always prioritized safety, transparency, and reliability for its users. Upbit has gained significant security certifications since the exchange launched in 2017, including ISMS-P and ISO/IEC, attesting to its high degree of personal information and information security management. Upbit has an industry-leading, round-the-clock Artificial Intelligence FDS system and a dedicated AML team for suspicious transaction monitoring. Through its Upbit Care Centre, Upbit offers unparalleled investor protection services, including free counseling and education on cryptocurrencies. Upbit Singapore*, Upbit Indonesia, and Upbit Thailand are independent legal entities incorporated and regulated in their respective jurisdictions. Upbit Korea shares BTC and USDT-based pairs liquidity with Upbit Thailand and Upbit Indonesia. *Upbit Singapore has been exempted from holding a license under the Payment Services Act ("PS Act") for DPT services. ##Who are the Founders of Upbit? Song Chi-hyung founded and chairs Dunamu, the operator of Upbit. He received his Bachelor’s degree in computer science and economics from Seoul National University. Song Chi-hyung worked on developing mobile payment services and various IT-related projects at Danal and Inomove before founding Dunamu. ##When did Upbit Launch? Upbit launched its service in October 2017 and obtained the first virtual asset service provider (VASP) qualification in 2021. ##Upbit Restricted Countries Upbit limits its services to countries that are deemed high-risk by the FATF and UN. ##How Much Are Upbit Fees? Upbit offers a low trading fee of 0.05% in the Korean Won (KRW) trading pairs. BTC and UDST-based trading pairs for both maker and taker are 0.25% ##Is it Possible to Use Leverage or Margin Trading on Upbit? Upbit does not support leveraged trading or offer margin trading.
