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South Korea

Upbit in South Korea

Rank in South Korea
#1 of 4
Bitcoin in South Korea
Legal
Our rating
4.4
Review updated
2026-08-23

Yes. Upbit serves South Korea and ranks first of the 4 exchanges in our South Korea guide, on fees, security record and local payment support. Here it takes Real-name KRW bank account; Real-name KRW bank account is the rail local buyers lead with. 0.05 percent on Korean won markets and 0.25 percent on bitcoin and USDT pairs. Identity verification is required before you can deposit and trade.

Visit UpbitRead the full Upbit review
Rank in South Korea
#1 of 4
Fees
0.05% on won markets
KYC
Required
Pays with in South Korea
Real-name KRW bank account
Currency
South Korean won (KRW)
Headquarters
Seoul, South Korea

How to pay on Upbit in South Korea

The deposit rails Upbit offers to buyers in South Korea, from our South Korea guide reviewed 2026-08-23. Each one links to how that rail works here.

Real-name KRW bank account:
requires a K-Bank account

What Upbit charges, and what it asks for

0.05 percent on Korean won markets and 0.25 percent on bitcoin and USDT pairs. Won deposits through the linked K-Bank account are free; withdrawals cost 1,000 won.

maker
0.05 percent on won markets, 0.25 percent on BTC and USDT pairs
taker
0.05 percent on won markets, 0.25 percent on BTC and USDT pairs
spread note
The won market is five times cheaper than the BTC and USDT markets, so the pair you pick matters more than the order type.
deposit note
Won deposits are free through the linked K-Bank real-name account, which is mandatory for won trading.
withdrawal note
Won withdrawals cost a flat 1,000 won; bitcoin withdrawals to self-custody are supported.

Identity verification

Required. Identity verification is required before you can deposit and trade.

Every exchange we rank in South Korea

Ranked by our editorial review of fees, security record and local payment support. Rankings are never sold.

Bitcoin exchanges ranked in South Korea by our editorial review of fees, security record and local payment support, with the payment methods each one offers here.
#ExchangeRatingFeesID checkPays with
1UpbitThis page4.40.05% on won marketsRequiredReal-name KRW bank account
2Bithumb4.30.04%, Korea's lowestRequiredReal-name KRW bank account
3Coinone4.00.2% main, 0.02% at volumeRequiredReal-name KRW bank account
4Korbit3.9Maker from 0.08%, taker 0.2%RequiredReal-name KRW bank account

Full comparison in the South Korea guide

Frequently asked questions

Is Upbit available in South Korea?

Yes. Upbit ranks first of the 4 exchanges in our South Korea guide, ranked on fees, security record and local payment support. Here it takes Real-name KRW bank account; Real-name KRW bank account is the rail local buyers lead with. Our South Korea guide was last reviewed 2026-08-23 and the Upbit review on 2026-08-23.

What payment methods does Upbit accept in South Korea?

In South Korea, Upbit takes Real-name KRW bank account. Worth knowing before you fund: Real-name KRW bank account, requires a K-Bank account. These are the localized rails from our South Korea guide, not the platform's global list.

What does Upbit charge?

0.05 percent on Korean won markets and 0.25 percent on bitcoin and USDT pairs. Won deposits through the linked K-Bank account are free; withdrawals cost 1,000 won.

Does Upbit require identity verification?

Yes. Identity verification is required before you can deposit and trade. Our record marks this as the platform's own policy rather than a South Korea rule, so it applies wherever Upbit operates.

Is bitcoin legal in South Korea?

Bitcoin is legal in South Korea and the market is tightly regulated.

Sources