Compare Binance vs Upbit
On this page, you can compare Binance with Upbit. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Binance was founded in 2017 in China. Upbit was founded in 2017 in South Korea.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Binance is Centralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Binance has a mobile app available for iOS and Android. Upbit has a mobile app available for iOS and Android.
Binance has 19 languages available, including English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian and Bulgarian. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.
| Company | ||
|---|---|---|
| User rating | 43 user reviews | 19 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 43 user reviews | 19 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
|
UpBit is based in South Korea. It was founded in 2017 by Korean developer KakaoTalk. The exchange is very user-friendly and provides a high level of security. UpBit supports the trade of about 195 cryptocurrencies, some of which are quite rare, and 330 market trading pairs.
|
Founding Date
| 2017 | 2017 |
Country
| China | South Korea |
Type
| Centralized | Centralized |
Languages
| English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, Bulgarian | Korean, Indonesian, Malay, Thai |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) | Seoul, South Korea (The exchange does not disclose the exact location of its office) |
Fees
|
Trading fees: Level | 30d Trade Volume (BTC) &/or BNB Balance | Maker/Taker | Maker/Taker (BNB 25%off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%) VIP 0 < 50 BTC or ≥ 0 BNB 0.100% / 0.100% 0.0750% / 0.0750% 0.0600% / 0.0600% VIP 1 ≥ 50 BTC & ≥ 50 BNB 0.090% / 0.100% 0.0675% / 0.0750% 0.0540% / 0.0600% VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.080% / 0.100% 0.0600% / 0.0750% 0.0480% / 0.0600% VIP 3 ≥ 1500 BTC & ≥ 500 BNB 0.070% / 0.100% 0.0525% / 0.0750% 0.0420% / 0.0600% VIP 4 ≥ 4500 BTC & ≥ 1000 BNB 0.070% / 0.090% 0.0525% / 0.0675% 0.0420% / 0.0540% VIP 5 ≥ 10000 BTC & ≥ 2000 BNB 0.060% / 0.080% 0.0450% / 0.0600% 0.0360% / 0.0480% VIP 6 ≥ 20000 BTC & ≥ 3500 BNB 0.050% / 0.070% 0.0375% / 0.0525% 0.0300% / 0.0420% VIP 7 ≥ 40000 BTC & ≥ 6000 BNB 0.040% / 0.060% 0.0300% / 0.0450% 0.0240% / 0.0360% VIP 8 ≥ 80000 BTC & ≥ 9000 BNB 0.030% / 0.050% 0.0225% / 0.0375% 0.0180% / 0.0300% VIP 9 ≥ 150000 BTC & ≥ 11000 BNB 0.020% / 0.040% 0.0150% / 0.0300% 0.0120% / 0.0240% Full fee schedule: https://www.binance.com/en/fee/schedule |
BTC Markets 0.2% USDT Markets 0.2% SGD Markets 0.25% Full fee schedule: https://sg.upbit.com/service_center/guide |
| About |
Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
|
UpBit is based in South Korea. It was founded in 2017 by Korean developer KakaoTalk. The exchange is very user-friendly and provides a high level of security. UpBit supports the trade of about 195 cryptocurrencies, some of which are quite rare, and 330 market trading pairs.
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2017 |
| Country | Country China | Country South Korea |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, Bulgarian | Languages Korean, Indonesian, Malay, Thai |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) | Full address Seoul, South Korea (The exchange does not disclose the exact location of its office) |
| Fees |
Fees
Trading fees: Level | 30d Trade Volume (BTC) &/or BNB Balance | Maker/Taker | Maker/Taker (BNB 25%off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%) VIP 0 < 50 BTC or ≥ 0 BNB 0.100% / 0.100% 0.0750% / 0.0750% 0.0600% / 0.0600% VIP 1 ≥ 50 BTC & ≥ 50 BNB 0.090% / 0.100% 0.0675% / 0.0750% 0.0540% / 0.0600% VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.080% / 0.100% 0.0600% / 0.0750% 0.0480% / 0.0600% VIP 3 ≥ 1500 BTC & ≥ 500 BNB 0.070% / 0.100% 0.0525% / 0.0750% 0.0420% / 0.0600% VIP 4 ≥ 4500 BTC & ≥ 1000 BNB 0.070% / 0.090% 0.0525% / 0.0675% 0.0420% / 0.0540% VIP 5 ≥ 10000 BTC & ≥ 2000 BNB 0.060% / 0.080% 0.0450% / 0.0600% 0.0360% / 0.0480% VIP 6 ≥ 20000 BTC & ≥ 3500 BNB 0.050% / 0.070% 0.0375% / 0.0525% 0.0300% / 0.0420% VIP 7 ≥ 40000 BTC & ≥ 6000 BNB 0.040% / 0.060% 0.0300% / 0.0450% 0.0240% / 0.0360% VIP 8 ≥ 80000 BTC & ≥ 9000 BNB 0.030% / 0.050% 0.0225% / 0.0375% 0.0180% / 0.0300% VIP 9 ≥ 150000 BTC & ≥ 11000 BNB 0.020% / 0.040% 0.0150% / 0.0300% 0.0120% / 0.0240% Full fee schedule: https://www.binance.com/en/fee/schedule |
Fees
BTC Markets 0.2% USDT Markets 0.2% SGD Markets 0.25% Full fee schedule: https://sg.upbit.com/service_center/guide |
Trading
Binance trading volume is 1,023,663,221.0. The exchange has 603 available trading pairs. Fiat trading is available on the exchange. Margin trading is available.
Upbit trading volume is 147,804,050.0. The exchange has 309 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 1023663221 | 147804050 |
Pairs
| 603 | 309 |
Coins
| 173 | 190 |
Fiat trading
| - |
Deposit
| Free | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 1023663221 | Volume 147804050 |
|---|---|---|
| Pairs | Pairs 603 | Pairs 309 |
| Coins | Coins 173 | Coins 190 |
| Fiat trading | Fiat trading | Fiat trading - |
| Deposit | Deposit Free | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin | Margin - |
Safety
Two factor authentication
Verified
| Verified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Verified | Verified Unverified |
Social
Website
| www.binance.com | sg.upbit.com |
| @binance | @upbitglobal |
Number of followers
| 1039263 | 4920 |
| Website | Website www.binance.com | Website sg.upbit.com |
|---|---|---|
| Twitter @binance | Twitter @upbitglobal | |
| Number of followers | Number of followers 1039263 | Number of followers 4920 |
Rating
| User rating | 43 user reviews | 19 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Binance user rating is 2.9, based on 43 user reviews. Upbit user rating is 2.8, based on 19 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare Binance with Upbit. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Binance was founded in 2017 in China. Upbit was founded in 2017 in South Korea.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Binance is Centralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Binance has a mobile app available for iOS and Android. Upbit has a mobile app available for iOS and Android.
Binance has 19 languages available, including English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian and Bulgarian. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.