Compare Poloniex vs Upbit
On this page, you can compare Poloniex 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. Poloniex was founded in 2014 in USA. 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 Poloniex. 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.
Poloniex is Centralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Poloniex has a mobile app available for iOS and Android. Upbit has a mobile app available for iOS and Android.
Poloniex has 1 language available, which is English. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.
| Company | ||
|---|---|---|
| User rating | 12 user reviews | 21 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 12 user reviews | 21 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
Poloniex launched in 2014. It is based in the United States. It was recently acquired by Circle, a large Goldman-Sachs backed company. The exchange faced a hacker attack soon after opening which caused a higher level of security provided later. It requires a user’s physical address, postal address, date of birth, id, and phone number.
|
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
| 2014 | 2017 |
Country
| USA | South Korea |
Type
| Centralized | Centralized |
Languages
| English | Korean, Indonesian, Malay, Thai |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Poloniex, LLC. 2018 - Boston, MA, U.S.A | Seoul, South Korea (The exchange does not disclose the exact location of its office) |
Fees
|
Fees are charged and deduced on a per-trade basis. The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule: Maker | Taker Trade | Volume (trailing 30 day avg) 0.08% | 0.20% | < $1m USD 0.02% | 0.15% | < $20m USD 0.00% | 0.10% | ≥ $20m USD |
BTC Markets 0.2% USDT Markets 0.2% SGD Markets 0.25% Full fee schedule: https://sg.upbit.com/service_center/guide |
| About |
Poloniex launched in 2014. It is based in the United States. It was recently acquired by Circle, a large Goldman-Sachs backed company. The exchange faced a hacker attack soon after opening which caused a higher level of security provided later. It requires a user’s physical address, postal address, date of birth, id, and phone number.
|
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 2014 | Founding Date 2017 |
| Country | Country USA | Country South Korea |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English | Languages Korean, Indonesian, Malay, Thai |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Poloniex, LLC. 2018 - Boston, MA, U.S.A | Full address Seoul, South Korea (The exchange does not disclose the exact location of its office) |
| Fees |
Fees
Fees are charged and deduced on a per-trade basis. The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule: Maker | Taker Trade | Volume (trailing 30 day avg) 0.08% | 0.20% | < $1m USD 0.02% | 0.15% | < $20m USD 0.00% | 0.10% | ≥ $20m USD |
Fees
BTC Markets 0.2% USDT Markets 0.2% SGD Markets 0.25% Full fee schedule: https://sg.upbit.com/service_center/guide |
Trading
Poloniex trading volume is 18,446,726.0. The exchange has 101 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
| 18446726 | 147804050 |
Pairs
| 101 | 309 |
Coins
| 57 | 190 |
Fiat trading
| - | - |
Deposit
| Free | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 18446726 | Volume 147804050 |
|---|---|---|
| Pairs | Pairs 101 | Pairs 309 |
| Coins | Coins 57 | 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
| poloniex.com | sg.upbit.com |
| @poloniex | @upbitglobal |
Number of followers
| 222304 | 4920 |
| Website | Website poloniex.com | Website sg.upbit.com |
|---|---|---|
| Twitter @poloniex | Twitter @upbitglobal | |
| Number of followers | Number of followers 222304 | Number of followers 4920 |
Rating
| User rating | 12 user reviews | 21 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Poloniex user rating is 3, based on 12 user reviews. Upbit user rating is 3, based on 21 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 Poloniex 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. Poloniex was founded in 2014 in USA. 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 Poloniex. 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.
Poloniex is Centralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Poloniex has a mobile app available for iOS and Android. Upbit has a mobile app available for iOS and Android.
Poloniex has 1 language available, which is English. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.