Compare Exrates vs Upbit

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On this page, you can compare Exrates 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. Exrates was founded in 2016 in Indonesia. 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 Exrates. 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.

Exrates is Centralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Exrates has a mobile app available for iOS and Android. Upbit has a mobile app available for iOS and Android.

Exrates has 5 languages available, including English, Korean, Russian, Chinese and Indonesian. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.

Company
User rating User rating 1.9 / 5 20 user review User rating 2.8 / 5 19 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4 / 5
Trust Score How it works Trust Score 3.51 / 5 Trust Score 3.73 / 5

User rating

1.9 / 5 20 user review 2.8 / 5 19 user review

Cryptogeek rating

4 / 5 4 / 5

Trust Score

How it works
3.51 / 5 3.73 / 5

About

Exrates is a crypto exchange that was founded in 2016 which makes it an older crypto exchange. There is not much information about the founders but the site reveals that it is registered in Estonia under a company named DexTechnologies OU.
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

Indonesia South Korea

Type

Centralized Centralized

Languages

English, Korean, Russian, Chinese, Indonesian Korean, Indonesian, Malay, Thai

Mobile app

iOS, Android iOS, Android

Full address

Tornimae tn 7, Kesklinna linnaosa, Tallin, Harju maakond, Estonia, 10145 Seoul, South Korea (The exchange does not disclose the exact location of its office)

Fees

Deposit: 0%
Withdrawal: https://support.exrates.me/article/fees-pairs
Trading: 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
Exrates is a crypto exchange that was founded in 2016 which makes it an older crypto exchange. There is not much information about the founders but the site reveals that it is registered in Estonia under a company named DexTechnologies OU.
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 Indonesia Country South Korea
Type Type Centralized Type Centralized
Languages Languages English, Korean, Russian, Chinese, Indonesian Languages Korean, Indonesian, Malay, Thai
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address Tornimae tn 7, Kesklinna linnaosa, Tallin, Harju maakond, Estonia, 10145 Full address Seoul, South Korea (The exchange does not disclose the exact location of its office)
Fees Fees Deposit: 0%
Withdrawal: https://support.exrates.me/article/fees-pairs
Trading: 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

Exrates trading volume is 678,984,656.0. The exchange has 122 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not 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

678984656 147804050

Pairs

122 309

Coins

71 190

Fiat trading

- -

Deposit

Depends on currency and volume Depends on currency and volume

Fees

Percentage Percentage

Margin

- -
Volume Volume 678984656 Volume 147804050
Pairs Pairs 122 Pairs 309
Coins Coins 71 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

Unverified Unverified
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Unverified Verified Unverified

Social

Website

exrates.me sg.upbit.com

Twitter

@Exrates_Me @upbitglobal

Number of followers

169516 4920
Website Website exrates.me Website sg.upbit.com
Twitter Twitter @Exrates_Me Twitter @upbitglobal
Number of followers Number of followers 169516 Number of followers 4920

Rating

User rating User rating 1.9 / 5 20 user review User rating 2.8 / 5 19 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4 / 5

Cryptogeek summary

Exrates user rating is 1.9, based on 20 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?
Trust Score: 3.51 / 5
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Trust Score: 3.73 / 5
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On this page, you can compare Exrates 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. Exrates was founded in 2016 in Indonesia. 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 Exrates. 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.

Exrates is Centralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Exrates has a mobile app available for iOS and Android. Upbit has a mobile app available for iOS and Android.

Exrates has 5 languages available, including English, Korean, Russian, Chinese and Indonesian. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.