DODO vs Upbit: Fees, Security, Features & Which to Choose (2025)

Trying to choose between DODO and Upbit This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on September 11, 2025

DODO

Upbit

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Yes

Canada

Yes

United Kingdom

Yes

United States

yes

Europe

yes

Latin America

yes

India

China

Canada

yes

United Kingdom

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DODO is ideal if:

If you're a trader after tighter pricing and smoother execution, DODO’s Proactive Market Maker (PMM) delivers lower slippage and smarter liquidity positioning compared to traditional AMMs.
If you're a liquidity provider or token project, DODO’s single-token pools, Crowdpooling, and customizable pool options give you flexible, capital-efficient ways to launch or contribute.
If you care about multi-chain access and tool integration, DODO offers cross-chain liquidity aggregation, token creation tools, and broad interoperability for seamless DeFi workflows.

Upbit is ideal if:

Great for beginner-friendly trading: Offers a clean, intuitive interface and strong security, making it ideal if you're new to crypto and value simplicity.
Strong Asian market presence: Deeply localized in South Korea and Southeast Asia, with excellent liquidity and fiat integration in those regions.
Not suited for advanced instruments: If you're looking for margin, derivatives, or broad global fiat support, Upbit’s limited financial features may not fit your needs.

DODO isn’t ideal if:

If your priority is widest possible crypto selection, DODO may feel limiting, as it doesn't match the extensive token variety offered by some larger competitors.
If you're seeking platforms with the largest market share and user base, DODO’s adoption and trading volume remain behind major DEXs despite its tech innovations.
If lowest-cost trading is your main concern, DODO’s flexible fee structure may not consistently deliver the cheapest option across all trade types.

Upbit isn’t ideal if:

Limited product variety: Lacks margin, futures, copy-trading, loans, or crypto cards, restricting users seeking more advanced financial tools.
Geographically constrained: Primarily serves South Korea and select Asian markets; support and fiat options are limited for most global users.
Basic customer support: Relies mainly on ticket-based assistance with minimal tutorials or live help, which may not satisfy those wanting more hands-on guidance.

Fees & Total Costs

Spot Maker/Take

DODO operates as a decentralized exchange and does not apply maker or taker fees on spot trades—instead, you only incur the network fees required by the underlying blockchain.

Upbit applies a flat trading fee—typically around 0.20–0.25%—for both maker and taker spot orders across supported pairs, with no tiered discounts or native token rebates.

Futures/Derivatives

DODO does not currently offer futures or derivatives trading, so there are no associated maker, taker, or funding fees on the platform.

Upbit does not offer futures or derivative instruments, so there are no maker, taker, or funding fees to consider.

Average Spreads on Liquid Pairs

Since DODO uses on-chain liquidity pools, there are no traditional bid-ask spreads; instead, prices reflect pool reserves and routing, so spread levels aren’t directly comparable to centralized order-book exchanges.

On major spot pairs like BTC/USDT or ETH/USDT, spreads are generally tight and reflective of high liquidity, though your precise rate depends on market depth at the time of execution.

Fiat Deposits & Withdrawals

DODO does not support fiat deposits or withdrawals—all interactions are in cryptocurrencies, so there are no fees or timing considerations tied to fiat rails.

Upbit supports bank transfers for fiat, with deposit methods varying by region; fees and processing times vary according to local banking systems and verification levels.

On-chain Withdrawals

Withdrawals on DODO only incur standard blockchain network fees, which vary dynamically by network and current congestion—there are no additional withdrawal charges imposed by the platform itself.

Upbit charges fixed network fees per asset (e.g. a fixed amount in BTC or ETH), which do not adjust dynamically based on network congestion.

Hidden Costs

Since DODO is a decentralized platform, there are no hidden fees such as conversion surcharges, inactivity penalties, or expedited KYC charges—only the visible network-level costs apply.

You might encounter costs such as currency conversion spreads, speedier KYC processing, or cross-border banking charges; these are not labeled as explicit fees but can subtly add to your overall cost.

Real-World Cost Example: “€500 BTC

If you convert €500 worth of crypto to BTC on DODO, your cost is simply the standard on-chain fees (e.g. Ethereum gas or BTC transaction fee)—there’s no platform trading fee, spread markup, or additional withdrawal charge beyond the network cost.

If you purchase €500 in BTC, your total cost includes the platform’s flat trading fee plus the market spread; withdrawing that BTC would then incur the asset’s fixed network withdrawal fee.

Crypto Offering & Trading Features

Number of Coins & Pairs

DODO supports a moderate range of tokens, with approximately 16–18 cryptocurrencies and 23–34 trading pairs depending on the blockchain network—Ethereum shows around 16 cryptos/23 pairs, while BSC offers closer to 17 coins/33 pairs.

Upbit lists approximately 260-263 cryptocurrencies (depending on the data source) and over 540 trading pairs overall, with the top 20 by volume dominated by KRW pairs like ETH/KRW, XRP/KRW, and BTC/KRW, reflecting its regional liquidity strength.

Product Range

As a decentralized platform, DODO specializes in spot token swaps, liquidity mining, customizable pool creation, IDO-style token issuance, and staking—features like margin, derivatives, ETFs, copy trading, or automated bots are not provided.

Upbit focuses exclusively on spot markets and does not offer margin, perpetual futures, options, crypto ETFs, lending, copy trading, grid bots, or automated DCA; however, it does include staking/earn services for select assets.

Liquidity

While exact 24-hour volume metrics vary by chain, volumes typically fall within the low-millions range; order-book depth for BTC or ETH equivalents stems from on-chain liquidity pools rather than centralized book depth measures, yielding variable but adaptive depth.

Upbit’s 24-hour trading volume typically ranges in the multi-billion-dollar bracket, and its order books for BTC and ETH pairs exhibit strong depth, especially for KRW-denominated pairs, ensuring tight spreads and reliable execution.

Tools

DODO offers on-chain swaps and pool interactions without traditional order types like limit or OCO; advanced charting, alerts, or native TradingView integration aren’t standard, though token-creation and dashboard features are provided; API or WebSocket support is limited.

The platform supports limit, market, and stop-limit order types, plus charting tools and dashboards, API and WebSocket access, but lacks native TradingView integration and any alerting capabilities.

Geographic Restrictions by Product

As a decentralized protocol, DODO generally doesn’t enforce geographic limitations; all core functionalities—including liquidity provision and token issuance—are accessible globally without territorial product constraints.

Derivatives and advanced instruments are unavailable across the board, and even spot trading is restricted in regions like the United States, Japan, China, and Taiwan due to regulatory limitations.

Innovation

DODO shines with creative DeFi tools like IDO-style “launchpool” for token distribution, flexible staking through its proprietary mechanisms (e.g. vDODO minting), and customizable liquidity provisioning—emphasizing innovation in token launches and capital efficiency.

While Upbit does not host launchpads, launchpools, or flexible-vs-locked earn programs, it does offer staking options for select chains—but no advanced yield farming or investment pools.

Security, Regulation & Custody

Operating Entity & Jurisdiction

DODO is a decentralized protocol, so it doesn’t operate under a traditional corporate entity or legal headquarters as a centralized company would. Instead, it’s managed by a distributed team and governed through on-chain mechanisms.

Upbit is operated by Dunamu Inc., a South Korean company founded in 2017, with its headquarters located in Seoul and expanding operations through entities such as Upbit Singapore.

Licenses/Registration

As a noncustodial decentralized exchange (DEX), DODO doesn’t hold formal licenses like VASP or EU MiCA registration, since it doesn’t handle fiat or act as a financial service provider under traditional regulations.

Upbit Singapore holds a fully licensed status as a Major Payment Institution under Singapore’s Payment Services Act, enabling regulated digital token services, while its Korean operations continue under the Virtual Asset Service Provider framework.

Custody

DODO does not custody user funds; liquidity providers retain control of their assets. While the smart contracts have undergone third-party security audits (for V2 and V3), there is no centralized proof-of-reserves or percentage of cold storage, as user assets are not pooled into a single custody system.

Upbit maintains full custody of user assets, backed by recent audits confirming over-100 percent reserves for both digital assets and cash equivalents, alongside substantial cold-wallet holdings.

Insurance & Protection Funds

There is no centralized insurance or user protection fund offered by DODO; risk management relies on the decentralized structure and the auditing of smart contracts rather than reserve-backed insurance schemes.

The exchange has set aside dedicated user protection reserves, in the order of tens of millions USD, specifically to shield user assets in case of unexpected events.

Incident History

DODO has not experienced any reported hacks, fund freezes, or regulatory fines. Any vulnerabilities would be surfaced via their bug bounty programs before causing user-impacting incidents.

In late 2019, Upbit experienced a significant hack that resulted in the loss of roughly USD 48 million in Ethereum; since then, it’s reinforced internal controls and transparency protocols.

Risk Controls

DODO lacks traditional interface-level risk controls like 2FA or withdrawal whitelists, as users interact directly with smart contracts via self-custody wallets; there are no API sub-account or granular permission settings like in centralized platforms.

Upbit employs robust safety measures such as two-factor authentication, internal self-trading restrictions, a proprietary market-monitoring system, and auditing to prevent insider trading, plus granular permission controls for API access.

Transparency

DODO maintains transparency through audited smart contract addresses and active bug bounty exposure, but it does not provide monthly reports, public wallet disclosures like a centralized exchange, or service-level agreements—transparency is rooted in open-source code and on-chain visibility.

The exchange publishes periodic transparency reports including audit results and trading-behavior monitoring; while it doesn’t offer public wallet addresses or formal SLAs, it follows regulatory guidelines and discloses operational compliance measures.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

DODO does not support fiat deposits via bank transfer, credit card, or e-wallets, nor are there minimums, maximums or timing information to report—only crypto-to-crypto activity is supported in an entirely native, decentralized fashion.

Upbit allows fiat deposits primarily via local bank transfers (e.g. KRW in Korea, SGD in Singapore) once you reach full verification; minimums vary, processing typically takes 1–3 business days.

Supported Fiat Currencies & Conversion

Upbit allows fiat deposits primarily via local bank transfers (e.g. KRW in Korea, SGD in Singapore) once you reach full verification; minimums vary, processing typically takes 1–3 business days.

KYC (Verification Levels)

DODO is a noncustodial, decentralized protocol with no KYC requirements—users can access its features anonymously and without identity verification, regardless of transaction volume or usage.

Upbit uses a four-level KYC system—ranging from basic identity checks to full verification with bank linkage—and higher levels unlock larger deposit and withdrawal capacities.

Withdrawals

Limits, Times, Networks (TRC20/ERC20/BEP20 etc.)

Crypto withdrawals are permitted across major networks like ERC-20 and TRC-20, with daily limits scaling by KYC level and typical processing within hours.

Customer Support

DODO does not feature live chat or ticketed email support like traditional exchanges; instead, users rely on self-service resources such as community channels, documentation, or decentralized governance for assistance.

Support is available through email and a robust FAQ/help center; users in Korea generally experience faster responses, while international users may wait longer and have less localized documentation.

Languages & Localization

The DODO interface and documentation primarily use English, and there is no regional customization for languages (e.g., Spanish), localized fee displays in €, or adaptation to local regulatory frameworks.

The platform is available in native English and Korean, displays balances in local currencies (KRW or SGD), and adheres to the relevant local regulatory framework for each region.

App Quality & Stability

There’s no official DODO mobile app to assess—instead, users interact through web interfaces or via wallet integrations, so factors like app stability, crash rates, or update frequency don’t apply.

The Upbit mobile app is known for its stability and smooth performance, with regular updates, low crash rates, and quick feature rollouts aimed at both beginners and experienced users.

Experience, Performance & Ecosystem

UX/UI

DODO’s design emphasizes streamlined simplicity with playful visuals and clear icons, offering a welcoming yet specialized interface that’s likely intuitive for those with basic DeFi familiarity—though it lacks formal “Lite” or “Pro” tiers, its focus is on clean, direct navigation suitable for users comfortable interacting directly with smart contracts.

The Upbit interface strikes a smart balance between clarity and functionality—offering a simplified view for beginners while still providing comprehensive charts and real-time data for more experienced users, although it doesn’t explicitly label modes as “Lite” or “Pro.”

Performance

DODO benefits from its on-chain architecture and PMM model to provide consistent execution speeds tied to network performance; it avoids traditional trading disruptions, though user experience can still be impacted by blockchain congestion, and there are no KYC-related delays since onboarding is permissionless.

Order latency remains low even during high volatility, and there are no widespread reports of system crashes; however, during market peaks, KYC verification queues may grow noticeably longer, affecting access for new users.

Education

Education on DODO relies heavily on decentralized channels like community guides and documentation—while there’s no built-in academy or simulator, external resources exist but native educational tools or Spanish-language learning modules aren’t central to the platform.

While Upbit doesn’t offer demo accounts or a Spanish-language academy, it provides a detailed help center and tutorials that guide beginners through trading, deposits, and security.

Community

DODO maintains a vibrant web presence through official Discord and Reddit communities, along with active social media engagement; however, it does not feature a built-in referral system, instead leveraging open, community-driven support and discussions.

Official community channels such as forums or Telegram groups are limited; referral programs exist but are less central to the user experience compared to peer-driven groups and third-party platforms.

Integrations

While no native TradingView or bot-integration interface is provided directly by DODO, developers and users can extend its functionality via APIs or external integrations; built-in tax or accounting services are not part of the core offering.

Upbit supports Open API and WebSocket for developer access and trading automation, but lacks native TradingView integration, external bot marketplaces, or built-in tax/accounting tool integrations.

Who Each One Is Best For

DODO’s strengths lie with traders and builders who value streamlined liquidity infrastructure, low-slippage swaps, and creative DeFi tools; it’s well suited for users comfortable with web3 wallets and protocol-level interactions, rather than those seeking full-service, centralized exchange features.

Upbit is best suited for traders who prioritize a clean, stable interface with transparent spot trading, high liquidity, and a regional focus—especially those located in supported Asian markets looking for reliable, everyday trading rather than highly automated or global multi-tool ecosystems.