Security should be the first box you check when choosing a crypto exchange. Upbit is regarded as one of the safer cryptocurrency exchanges, employing firewall protections with round-the-clock monitoring, requires two-step verification, and adds a separate fund password for withdrawals. For Singapore dollar deposits and withdrawals, users must complete level 4 verification, strengthening identity verification and account safety. Historically, Upbit used BitGo’s multi-signature wallet infrastructure but no longer relies on BitGo after a 2019 incident; since then, it hardened its wallet setup, issued new addresses, shifted assets to cold storage, and pledged to reimburse users.
Upbit supports deposits and withdrawals for over 200 cryptocurrencies, offering a broad selection for deposit and withdrawal, diversification, and strategy shifts with strong liquidity from substantial trading activity. For a complete roster, check the Markets (or equivalent listings) section on Upbit’s website or within the app, since listings can change over time. As for XRP, it has not reached $100 on Upbit. Maker and taker fees are both 0.25%, and the platform typically does not add a separate exchange-side fee for crypto deposits, though network fees can still apply depending on the blockchain.
UPBIT CONS: Upbit does not offer leverage trading. It supports only the South Korean won as fiat currency, so direct purchases with euros or U.S. dollars aren’t possible. Notable reputational concerns exist, including a 2019 breach that resulted in the theft of 342,000 ETH. The service is not available to U.S. residents.
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