Compare Coinbit vs Upbit
On this page, you can compare Coinbit 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. Coinbit was founded in 2018 in South Korea. 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 Upbit. 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.
Coinbit is Centralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Coinbit has a mobile app available for iOS and Android. Upbit has a mobile app available for iOS and Android.
Coinbit has 3 languages available, including English, Korean and Vietnamese. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.
| Company | ||
|---|---|---|
| User rating | 1 user review | 19 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 1 user review | 19 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
Coinbit exchange was established in South Korea in 2018 and is mainly focused on the national market. Coinbit provides trading with crypto assets paired against Korean Won, BTC, ETH and USDT.
|
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
| 2018 | 2017 |
Country
| South Korea | South Korea |
Type
| Centralized | Centralized |
Languages
| English, Korean, Vietnamese | Korean, Indonesian, Malay, Thai |
Mobile app
| iOS, Android | iOS, Android |
Full address
| No data | Seoul, South Korea (The exchange does not disclose the exact location of its office) |
Fees
| No data |
BTC Markets 0.2% USDT Markets 0.2% SGD Markets 0.25% Full fee schedule: https://sg.upbit.com/service_center/guide |
| About |
Coinbit exchange was established in South Korea in 2018 and is mainly focused on the national market. Coinbit provides trading with crypto assets paired against Korean Won, BTC, ETH and USDT.
|
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 2018 | Founding Date 2017 |
| Country | Country South Korea | Country South Korea |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Vietnamese | Languages Korean, Indonesian, Malay, Thai |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address No data | Full address Seoul, South Korea (The exchange does not disclose the exact location of its office) |
| Fees | Fees No data |
Fees
BTC Markets 0.2% USDT Markets 0.2% SGD Markets 0.25% Full fee schedule: https://sg.upbit.com/service_center/guide |
Trading
Coinbit trading volume is 43,641,047.0. The exchange has 55 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
| 43641047 | 147804050 |
Pairs
| 55 | 309 |
Coins
| 58 | 190 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| Transaction Mining | Percentage |
Margin
| - | - |
| Volume | Volume 43641047 | Volume 147804050 |
|---|---|---|
| Pairs | Pairs 55 | Pairs 309 |
| Coins | Coins 58 | Coins 190 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Depends on currency and volume |
| Fees | Fees Transaction Mining | 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
| www.coinbit.co.kr | sg.upbit.com |
| @coinbit_coinbit | @upbitglobal |
Number of followers
| 12500 | 4920 |
| Website | Website www.coinbit.co.kr | Website sg.upbit.com |
|---|---|---|
| Twitter @coinbit_coinbit | Twitter @upbitglobal | |
| Number of followers | Number of followers 12500 | Number of followers 4920 |
Rating
| User rating | 1 user review | 19 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Coinbit user rating is 4, based on 1 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 Coinbit 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. Coinbit was founded in 2018 in South Korea. 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 Upbit. 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.
Coinbit is Centralized and Upbit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Coinbit has a mobile app available for iOS and Android. Upbit has a mobile app available for iOS and Android.
Coinbit has 3 languages available, including English, Korean and Vietnamese. Upbit has 4 languages available, including Korean, Indonesian, Malay and Thai.