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The launch of Upbit, the largest cryptocurrency exchange in South Korea, took place in the fall of 2017. At the moment, the average daily turnover is $ 600 million, but at the peak of the popularity of cryptocurrencies in 2018, it reached 4.5 billion, with a record of 11 billion. In January 2018, the Upbit exchange ranked first in the rating for the daily trading volume. Not surprisingly, the Upbit trading platform is owned by the richest man in South Korea, Song Ji Hyun. Accordingly, the project definitely does not have problems with a lack of investment The fact that the Korean exchange Upbit works exclusively for Korea can be understood by the absence of any other interface languages other than Korean. Although there is a "mirror" site with an English translation. Also, the only fiat currency supported by the exchange is the Korean Won (KRW). But, recently the Singapore dollar was added. The Upbit platform also offers almost 150 tokens and more than 200 popular markets, not least thanks to the partnership with Bittrex. To start trading, you need to register and verify your identity. Since the Korean exchange Upbit is subject to Seoul’s regulators, the same rules apply. But one of the features of registration is the need to first register in the Kakao messenger. For foreign users also in the KakaoPay payment system. There are no commissions for the replenishment of the deposit. For trading operations, the commission is minimal: 0.05% for operations with Won and 0.2% for pairs with BTC and USDT. The withdrawal fee is different for each method, but still quite low. Withdrawals available only in KRW, BTC, ETH, ETC, BCC, and OMG. The Upbit exchange is not without drawbacks, including the lack of trading with leverage, just one interface language and periodic problems with registering and withdrawing funds. But one of the lowest commissions, its own indexes, and good security still leave it among the leaders. Especially considering the fact that the Upbit trading platform has occupied the first positions in its country in less than a year, and not the last in the world. Read more about Upbit, including available trading pairs, a list of altcoins and daily volatility on Neironix.io
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