Compare IDEX vs Upbit
On this page, you can compare IDEX 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. IDEX was founded in 2016 in Panama. 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, which is IDEX. At the same time, newer projects may be more technologically advanced.
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.
IDEX is Decentralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDEX doesn't have a mobile app. Upbit has a mobile app available for iOS and Android.
IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.
| Company | ||
|---|---|---|
| User rating | 15 user reviews | 20 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 15 user reviews | 20 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform.
The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.
|
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
| 2016 | 2017 |
Country
| Panama | South Korea |
Type
| Decentralized | Centralized |
Languages
| English, Spanish, Korean, Russian, Chinese, Vietnamese | Korean, Indonesian, Malay, Thai |
Mobile app
| - | iOS, Android |
Full address
| Unknown | Seoul, South Korea (The exchange does not disclose the exact location of its office) |
Fees
|
Maker: 0.1% Taker: 0.2% |
BTC Markets 0.2% USDT Markets 0.2% SGD Markets 0.25% Full fee schedule: https://sg.upbit.com/service_center/guide |
| About |
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform.
The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.
|
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 2016 | Founding Date 2017 |
| Country | Country Panama | Country South Korea |
| Type | Type Decentralized | Type Centralized |
| Languages | Languages English, Spanish, Korean, Russian, Chinese, Vietnamese | Languages Korean, Indonesian, Malay, Thai |
| Mobile app | Mobile app - | Mobile app iOS, Android |
| Full address | Full address Unknown | Full address Seoul, South Korea (The exchange does not disclose the exact location of its office) |
| Fees |
Fees
Maker: 0.1% Taker: 0.2% |
Fees
BTC Markets 0.2% USDT Markets 0.2% SGD Markets 0.25% Full fee schedule: https://sg.upbit.com/service_center/guide |
Trading
IDEX trading volume is 449,214.0. The exchange has 615 available trading pairs. Fiat trading is not 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
| 449214 | 147804050 |
Pairs
| 615 | 309 |
Coins
| 480 | 190 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 449214 | Volume 147804050 |
|---|---|---|
| Pairs | Pairs 615 | Pairs 309 |
| Coins | Coins 480 | Coins 190 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | 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
| idex.market | sg.upbit.com |
| @aurora_dao | @upbitglobal |
Number of followers
| 378 | 4920 |
| Website | Website idex.market | Website sg.upbit.com |
|---|---|---|
| Twitter @aurora_dao | Twitter @upbitglobal | |
| Number of followers | Number of followers 378 | Number of followers 4920 |
Rating
| User rating | 15 user reviews | 20 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
IDEX user rating is 3.7, based on 15 user reviews. Upbit user rating is 2.7, based on 20 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 IDEX 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. IDEX was founded in 2016 in Panama. 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, which is IDEX. At the same time, newer projects may be more technologically advanced.
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.
IDEX is Decentralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDEX doesn't have a mobile app. Upbit has a mobile app available for iOS and Android.
IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.