Upbit vs 50X: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Upbit and 50X 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 August 16, 2025

Upbit

50X

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United States

Europe

yes

Latin America

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India

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China

Canada

United Kingdom

yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Canada

Yes

United Kingdom

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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.

50X is ideal if:

Instant coin-to-coin trades — You can swap any listed cryptocurrency directly for any other in a single transaction using its unique Any-to-Any trading core, without extra conversion steps.
Passive income through native tokens — Holding STE or A2A tokens entitles you to profit-sharing or dividend-style earnings from the platform’s performance.
Advanced trader tools with liquidity boost — The platform offers professional-grade interfaces, customizable layouts, and aggregates liquidity from major exchanges to enhance execution and depth.

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.

50X isn’t ideal if:

Liquidity limitations — Lower trading volumes can result in occasional liquidity tightness, which may affect large or rapid trades.
No fiat access or KYC — You won't be able to fund your account with traditional currencies or use fiat deposits and withdrawals in the usual way.
Offshore registration — Its incorporation in an offshore jurisdiction may offer less regulatory protection and oversight compared to more regulated platforms.

Fees & Total Costs

Spot Maker/Take

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.

50 X charges the same flat 0.20 % fee for both maker and taker spot trades; holding and paying with the internal A2A token for applicable pairs (like A2A/BTC or A2A/ETH) cuts that fee in half.

Futures/Derivatives

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

For futures contracts on 50 X, both maker and taker fees are effectively zero, but as with most platforms, funding fees apply periodically to align futures prices with spot.

Average Spreads on Liquid Pairs

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.

The platform’s “Any-to-Any” matching and relatively low volume can widen average spreads on major pairs compared to high-liquidity competitors.

Fiat Deposits & Withdrawals

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.

There are no direct fiat deposit or withdrawal options—though you can buy USDT via a third-party gateway using cards or Advcash, but the fees vary significantly and are set by the provider.

On-chain Withdrawals

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.

50 X applies fixed withdrawal fees per crypto and network—e.g. modest flat fees for BTC, ETH, XRP—rather than dynamic per-network pricing.

Hidden Costs

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.

You won’t face inactivity or KYC express charges, but currency conversion and payment-gateway fees (when buying via card) can be steep and are charged externally.

Real-World Cost Example: “€500 BTC

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.

If you spent €500 to acquire BTC, you’d pay the platform’s spot fee (≈0.20 %), absorb the BTC/fiat spread from the gateway, and then pay the fixed network fee to withdraw on-chain.

Crypto Offering & Trading Features

Number of Coins & 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.

50 X offers around 24 cryptocurrencies and roughly 105 trading pairs in total; their top 20 pairs by volume typically include BTC/USDT, ETH/USDT, LTC/USDT, TRX/ETH, LINK/USDT, XRP/USDC, and other active altcoin-to-cryptocurrency combinations.

Product Range

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.

The platform focuses on spot trading and spot-margin (leveraged crypto-to-crypto), and also offers perpetual futures via A2A liquidity, token-based passive income (through dividends and managed accounts), but doesn’t provide options, crypto ETFs, savings staking, lending, copy trading, grid bots, or automated DCA tools.

Liquidity

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.

Trading volume on 50 X remains modest—24-hour volume is under $100k—so book depth on BTC/ETH pairs is relatively shallow, leading to potential slippage or less depth during larger trades.

Tools

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.

You’ll find essential order types like limit, market, stop-loss, and trailing stops with charting tools integrated into the interface; there’s support for API and WebSocket access, but there’s no fully integrated TradingView experience or alerting system built in.

Geographic Restrictions by Product

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.

Derivatives and margin are generally accessible globally, but some countries with strict crypto regulations may not have full access; the platform doesn’t explicitly list those banned regions.

Innovation

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.

50 X brings innovation in its Any-to-Any core and dividend token model allowing passive income through profit-sharing or token loans, but it does not currently support launchpad/pool projects or offer separate flexible vs locked earning products.

Security, Regulation & Custody

Operating Entity & Jurisdiction

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.

Operated by Smart Token Exchange LTD, established in 2017 and headquartered in Saint Vincent and the Grenadines, this offshore structure allows for privacy but offers limited regulatory oversight.

Licenses/Registration

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.

The platform does not hold formal regulatory licenses such as VASP or MiCA/UE; it functions under the jurisdiction of its offshore registry without public regulatory accreditation.

Custody

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.

Assets are custodial on the platform, though it claims 98 % of funds are kept in cold storage and a small share is hot for liquidity; there’s no publicly available proof-of-reserves or third-party audit confirmation.

Insurance & Protection Funds

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.

The exchange mentions insurance coverage and security provisions, but no clear details are provided on the scope, provider, or coverage limits of such protection.

Incident History

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.

There are no publicly known major security breaches or regulatory penalties, though occasional user reports mention withdrawal delays and some technical hiccups in trading operations.

Risk Controls

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.

Security features include enforced two-factor authentication (3-factor via Google Auth), customizable withdrawal delays, address whitelisting, and emergency master keys; granular API permissions and anti-phishing tools are not explicitly detailed.

Transparency

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.

The platform does not publish regular transparency reports, public wallet addresses, or formal service-level agreements—transparency remains limited to user-facing guides and token dividend mechanisms.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

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.

No direct fiat transfers, bank cards, or e-wallets are supported for deposit; only crypto deposits are accepted, and the timing depends on blockchain confirmation speeds.

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.

No direct fiat transfers, bank cards, or e-wallets are supported for deposit; only crypto deposits are accepted, and the timing depends on blockchain confirmation speeds.

KYC (Verification Levels)

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.

No KYC is required—there’s no basic or advanced verification, allowing full functionality without identity disclosure.

Withdrawals

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.

Cryptocurrency withdrawals are allowed across supported networks like ERC-20, but fiat withdrawals aren’t supported; processing time depends on network congestion, with dynamic fees reflecting real-time blockchain conditions.

Customer Support

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.

Support is available via email and Telegram chat, with varied response times—community-created guides serve as informal knowledge resources since no official 24/7 live support is guaranteed.

Languages & Localization

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.

The interface is available in English and other languages, displays amounts in common fiat like USD/EUR via third-party gateways, but lacks localization or regulatory adaptations for specific jurisdictions.

App Quality & Stability

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.

There’s no dedicated mobile app—users rely entirely on the web interface, which shows regular updates on the site and supports stable performance without known crash issues.

Experience, Performance & Ecosystem

UX/UI

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.”

The interface presents a learning curve due to its rich functionality and customization options, including color theming and layout flexibility, but doesn’t explicitly offer separate “Lite” or “Pro” modes; instead, it adapts dynamically for both beginner and advanced users, though novices may feel slightly overwhelmed at first.

Performance

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.

The platform performs quickly due to its single-page application design and responsive internal core, although lower liquidity may lead to slowed fills or slippage during high volatility; since there’s no KYC, there’s no issue with verification queues.

Education

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.

There’s no formal academy or demo environment; educational content comes via guides and third-party reviews, primarily available in English—Spanish-language resources are limited or largely community-generated rather than official.

Community

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.

An active Telegram channel serves as the main community hub, and their multilevel referral program offers generous commission-sharing incentives—no official forums or Discord are indicated.

Integrations

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.

Charts use TradingView’s charting library, and the platform supports API access for external trading bots; however, it lacks built-in tax compliance or portfolio/accounting integrations.

Who Each One Is Best For

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.

It’s best suited for proactive crypto traders who value fast, flexible coin-to-coin swaps and deep interface customization; casual users or those needing built-in demo tools, fiat support, or simplified dashboards may find it less immediately accessible.