Compare HitBTC vs Upbit
On this page, you can compare HitBTC 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. HitBTC was founded in 2013 in Chile. 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 HitBTC. 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.
HitBTC is Centralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
HitBTC has a mobile app available for iOS and Android. Upbit has a mobile app available for iOS and Android.
HitBTC has 5 languages available, including English, Portuguese, Spanish, Korean and Chinese. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.
| Company | ||
|---|---|---|
| User rating | 190 user review | 19 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 190 user review | 19 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
HitBTC Cryptocurrency Exchange is a platform created in 2013 that allows you to trade more than 300 cryptocurrency pairs. The platform was launched back in 2013 and the investments it received amounted to about 6 million dollars.
|
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
| 2013 | 2017 |
Country
| Chile | South Korea |
Type
| Centralized | Centralized |
Languages
| English, Portuguese, Spanish, Korean, Chinese | Korean, Indonesian, Malay, Thai |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Av Vitacura 2969, Las Condes, Región Metropolitana, Chile | Seoul, South Korea (The exchange does not disclose the exact location of its office) |
Fees
|
Trading Fee Tier For upgraded accounts, HitBTC utilizes a trading fee tier system, rewarding community members for high volume trading. To put it simply, the more the user trades the lower their trade fees will be. Each user's volume will be calculated according to the total amount traded equivalent to BTC at the time of the trade. Example: The user buys 15 EOS for 1 LTC and at the time of the trade 1 EOS is equivalent to 0.001 BTC. This means 0.015 BTC will then be added to their 30-day trade volume total. The fees for Starter and General accounts are fixed at 0.1% Maker Fee and 0.2% Taker Fee. Trading fees for upgraded accounts: Tier / 30-days Trading Volume (BTC) / Maker Fee / Taker Fee 1 ≥ 0 BTC 0.07% 0.07% 2 ≥ 10 BTC 0.06% 0.07% 3 ≥ 100 BTC 0.05% 0.07% 4 ≥ 500 BTC 0.04% 0.07% 5 ≥ 1000 BTC 0.03% 0.06% 6 ≥ 5000 BTC 0.02% 0.06% 7 ≥ 10000 BTC 0.01% 0.05% 8 ≥ 20000 BTC 0% 0.04% 9 ≥ 50000 BTC -0.01% 0.03% 10 ≥ 100000 BTC -0.01% 0.02% If you're a professional trader and wish to discuss a personalized fee structure with HitBTC they'd be keen to talk. Please use the form in this link to reach out: https://hitbtc.com/fee-tier |
BTC Markets 0.2% USDT Markets 0.2% SGD Markets 0.25% Full fee schedule: https://sg.upbit.com/service_center/guide |
| About |
HitBTC Cryptocurrency Exchange is a platform created in 2013 that allows you to trade more than 300 cryptocurrency pairs. The platform was launched back in 2013 and the investments it received amounted to about 6 million dollars.
|
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 2013 | Founding Date 2017 |
| Country | Country Chile | Country South Korea |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Portuguese, Spanish, Korean, Chinese | Languages Korean, Indonesian, Malay, Thai |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Av Vitacura 2969, Las Condes, Región Metropolitana, Chile | Full address Seoul, South Korea (The exchange does not disclose the exact location of its office) |
| Fees |
Fees
Trading Fee Tier For upgraded accounts, HitBTC utilizes a trading fee tier system, rewarding community members for high volume trading. To put it simply, the more the user trades the lower their trade fees will be. Each user's volume will be calculated according to the total amount traded equivalent to BTC at the time of the trade. Example: The user buys 15 EOS for 1 LTC and at the time of the trade 1 EOS is equivalent to 0.001 BTC. This means 0.015 BTC will then be added to their 30-day trade volume total. The fees for Starter and General accounts are fixed at 0.1% Maker Fee and 0.2% Taker Fee. Trading fees for upgraded accounts: Tier / 30-days Trading Volume (BTC) / Maker Fee / Taker Fee 1 ≥ 0 BTC 0.07% 0.07% 2 ≥ 10 BTC 0.06% 0.07% 3 ≥ 100 BTC 0.05% 0.07% 4 ≥ 500 BTC 0.04% 0.07% 5 ≥ 1000 BTC 0.03% 0.06% 6 ≥ 5000 BTC 0.02% 0.06% 7 ≥ 10000 BTC 0.01% 0.05% 8 ≥ 20000 BTC 0% 0.04% 9 ≥ 50000 BTC -0.01% 0.03% 10 ≥ 100000 BTC -0.01% 0.02% If you're a professional trader and wish to discuss a personalized fee structure with HitBTC they'd be keen to talk. Please use the form in this link to reach out: https://hitbtc.com/fee-tier |
Fees
BTC Markets 0.2% USDT Markets 0.2% SGD Markets 0.25% Full fee schedule: https://sg.upbit.com/service_center/guide |
Trading
HitBTC trading volume is 639,867,353.0. The exchange has 853 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
| 639867353 | 147804050 |
Pairs
| 853 | 309 |
Coins
| 373 | 190 |
Fiat trading
| - | - |
Deposit
| Free | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 639867353 | Volume 147804050 |
|---|---|---|
| Pairs | Pairs 853 | Pairs 309 |
| Coins | Coins 373 | 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
| hitbtc.com | sg.upbit.com |
| @hitbtc | @upbitglobal |
Number of followers
| 240010 | 4920 |
| Website | Website hitbtc.com | Website sg.upbit.com |
|---|---|---|
| Twitter @hitbtc | Twitter @upbitglobal | |
| Number of followers | Number of followers 240010 | Number of followers 4920 |
Rating
| User rating | 190 user review | 19 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
HitBTC user rating is 3.8, based on 190 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 HitBTC 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. HitBTC was founded in 2013 in Chile. 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 HitBTC. 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.
HitBTC is Centralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
HitBTC has a mobile app available for iOS and Android. Upbit has a mobile app available for iOS and Android.
HitBTC has 5 languages available, including English, Portuguese, Spanish, Korean and Chinese. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.