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UPbit

UPbit

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.
Fondato: 10.2017
genere: Centralized
Nazione: South Korea
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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
Massimo volume
BTC/KRW
Miglioramento superiore
BTC/KRW
0.00%
Lingue supportate
Indonesia
North Korea
Singapore
South Korea
United Kingdom
United States
Commenti
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Not a bad exchange in my opinion, but it is not at all oriented towards Europe and I would like to add more coins to them, maybe then they would be more popular
upbit is good exchange,only korean can trade and make it,i can see price of almost token when listing on it will be high and normal not dump and trading on upbit is so easy!
I am a Business Intelligence practicioner and I would like to know more about WHO (the regulator ....South Korea's financial watchdog, the Financial Services Commission (FSC), along with the Korea Financial Intelligence Unit (KFIU), seized hardware and documents from UPbit to evaluate claims from unknown sources that the exchange was insolvent?) initiated these reports regarding UPBIT solvency being solvent ...this, whilst the Regulator has not yet released anything after the May 2019 asset seizure? The final say in solvency should be left to the Singapore Special Investigative units who has at this stage not yet relesed an official finding regarding UPBIT (i) solvency, (ii) WASH activities, (iii) Inflated transaction numbers, ...until then a major risk remains. One of the relative small currency traders here in small South Africa have invested R200,000,000 (based on the inflated WASH based trading numbers) and have been battling to have a dialogue with UPBIT Management and our questions remain unanswered as to "why we have been unable to withdraw any of our investments for the past 6 months". We have walked all the steps required to Verify/Validify each and every investment 4 months ago (and continue doing so as new investors come on board) ...and currently they do not respond to calls, emails, or transaction requests????? Next step is to release the big guns and dogs to follow this up ....did the UPBIT Team get their equipment back that were confiscated during the raid??? Does UPBIT actually have active banking mechanismns not frozen by the Regulator???? Usually where there is smoke there is fire/something hot??? How big is the pool of complainants that initiated the raid???? In South Africa we are able to view the finacials of any going business (some only after due legal process for disclosure - I would like to view UPBIT Singapore / South Korea finacial statements dated as seized by the Local Authorities.
I am a Business Intelligence practicioner and I would like to know more about WHO (the regulator ....South Korea's financial watchdog, the Financial Services Commission (FSC), along with the Korea Financial Intelligence Unit (KFIU), seized hardware and documents from UPbit to evaluate claims from unknown sources that the exchange was insolvent?) initiated these reports regarding UPBIT solvency being solvent ...this, whilst the Regulator has not yet released anything after the May 2019 asset seizure? The final say in solvency should be left to the Singapore Special Investigative units who has at this stage not yet relesed an official finding regarding UPBIT (i) solvency, (ii) WASH activities, (iii) Inflated transaction numbers, ...until then a major risk remains. One of the relative small currency traders here in small South Africa have invested R200,000,000 (based on the inflated WASH based trading numbers) and have been battling to have a dialogue with UPBIT Management and our questions remain unanswered as to "why we have been unable to withdraw any of our investments for the past 6 months". We have walked all the steps required to Verify/Validify each and every investment 4 months ago (and continue doing so as new investors come on board) ...and currently they do not respond to calls, emails, or transaction requests????? Next step is to release the big guns and dogs to follow this up ....did the UPBIT Team get their equipment back that were confiscated during the raid??? Does UPBIT actually have active banking mechanismns not frozen by the Regulator???? Usually where there is smoke there is fire/something hot??? How big is the pool of complainants that initiated the raid???? In South Africa we are able to view the finacials of any going business (some only after due legal process for disclosure - I would like to view UPBIT Singapore / South Korea finacial statements dated as seized by the Local Authorities.
I am a Business Intelligence practicioner and I would like to know more about WHO (the regulator ....South Korea's financial watchdog, the Financial Services Commission (FSC), along with the Korea Financial Intelligence Unit (KFIU), seized hardware and documents from UPbit to evaluate claims from unknown sources that the exchange was insolvent?) initiated these reports regarding UPBIT solvency being solvent ...this, whilst the Regulator has not yet released anything after the May 2019 asset seizure? The final say in solvency should be left to the Singapore Special Investigative units who has at this stage not yet relesed an official finding regarding UPBIT (i) solvency, (ii) WASH activities, (iii) Inflated transaction numbers, ...until then a major risk remains. One of the relative small currency traders here in small South Africa have invested R200,000,000 (based on the inflated WASH based trading numbers) and have been battling to have a dialogue with UPBIT Management and our questions remain unanswered as to "why we have been unable to withdraw any of our investments for the past 6 months". We have walked all the steps required to Verify/Validify each and every investment 4 months ago (and continue doing so as new investors come on board) ...and currently they do not respond to calls, emails, or transaction requests????? Next step is to release the big guns and dogs to follow this up ....did the UPBIT Team get their equipment back that were confiscated during the raid??? Does UPBIT actually have active banking mechanismns not frozen by the Regulator???? Usually where there is smoke there is fire/something hot??? How big is the pool of complainants that initiated the raid???? In South Africa we are able to view the finacials of any going business (some only after due legal process for disclosure - I would like to view UPBIT Singapore / South Korea finacial statements dated as seized by the Local Authorities.
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