Compare Poloniex vs Upbit

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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 User rating 2.8 / 5 11 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 3.78 / 5 Trust Score 3.73 / 5

User rating

2.8 / 5 11 user review 2.8 / 5 19 user review

Cryptogeek rating

4 / 5 4 / 5

Trust Score

How it works
3.78 / 5 3.73 / 5

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

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

Twitter

@poloniex @upbitglobal

Number of followers

222304 4920
Website Website poloniex.com Website sg.upbit.com
Twitter Twitter @poloniex Twitter @upbitglobal
Number of followers Number of followers 222304 Number of followers 4920

Rating

User rating User rating 2.8 / 5 11 user review User rating 2.8 / 5 19 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4 / 5

Cryptogeek summary

Poloniex user rating is 2.8, based on 11 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?
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Trust Score: 3.78 / 5
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Trust Score: 3.73 / 5
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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.