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

Trying to choose between Upbit and Buyucoin 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

Buyucoin

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United States

Europe

yes

Latin America

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India

yes

China

Canada

United Kingdom

yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

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.

Buyucoin is ideal if:

For users favoring convenience in India If you’re an Indian resident looking for a smooth, secure on-ramp from Indian Rupees to crypto with a friendly app and wallet, BuyUcoin is a great match.
For those exploring extra perks If you enjoy incentives like crypto cashback scratch cards, an OTC desk with zero fees, and a growing NFT ecosystem, BuyUcoin adds an engaging twist to your trading experience.
For beginners or casual traders If you value an intuitive interface, mobile-first design, and educational tools like webinars, BuyUcoin offers an approachable path into the crypto world without overwhelming complexity.

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.

Buyucoin isn’t ideal if:

If you prefer global fiat options BuyUcoin mostly supports INR deposits and limited alternative fiat methods, making it less suited for those needing diverse fiat integrations.
If fee clarity matters The platform’s fee structure isn’t fully transparent at first glance, which can frustrate users who demand simple, upfront cost breakdowns.
If you're targeting deep altcoin markets While BuyUcoin covers many popular tokens, serious altcoin traders may find the selection somewhat narrow compared to global multi-asset 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.

BuyUcoin charges a flat trading fee of around 0.24 % for both maker and taker trades (including relevant taxes), without offering tiered volume discounts or reductions for using its native token.

Futures/Derivatives

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

BuyUcoin does not currently offer futures or derivative contracts, so there are no maker/taker fees or funding rate mechanisms to consider.

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.

Trading spreads for major pairs like BTC/USDT or ETH/USDT aren’t explicitly published on the platform, though users report that liquid pairs generally maintain competitive spreads thanks to its decent market depth.

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.

You can deposit INR via bank transfers (including UPI, IMPS, NEFT/RTGS) or card options; bank-to-bank transactions typically have minimal processing delay and no direct fees, though instant cash-outs to cards may incur additional charges and processing time may vary.

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.

Withdrawals of crypto assets are charged as fixed network-based fees (for example, BTC withdrawals are a set amount of BTC), not percentage-based, and rates differ by blockchain—BuyUcoin covers moving crypto between own wallets for free, but external transfers incur standard network fees.

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.

BuyUcoin has no KYC or inactivity fees, nor storage charges, and sends within its own ecosystem incur no transfer fees; currency conversion costs are implicit in spreads rather than explicit charges.

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 convert €500 to BTC, you’d first use INR (so there’s currency exchange implied), pay a ~0.24 % trading fee embedded in the buy price, then face a spread implied in the rate, and finally incur a fixed network fee when withdrawing, depending on the specific chain—so your total cost would reflect trading fee + spread + withdrawal fee.

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.

BuyUcoin currently lists over 170 cryptocurrencies, including most of the top-20 coins by market cap, offering a wide selection for spot trading across well-known tokens.

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, OTC trades, staking (and earning through NFTs), recurring buys like SIPs, and an NFT marketplace—margin, futures, options, ETFs, and bots are not yet available.

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.

While precise figures aren’t published, liquidity for major pairs such as BTC and ETH is sufficient for smooth execution, though deeper institutional-level data and 24-hour volume statistics remain unclear.

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.

Users get standard order types like limit and stop, along with charting via integrated views, but advanced features like OCO, native TradingView, alerts, or API access have limited visibility and may not be fully implemented.

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.

BuyUcoin’s services are tailored for Indian residents only, with fiat options limited to INR; that means global availability of advanced products like derivatives or margin is restricted.

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.

The platform stands out with its NFT marketplace, SIP-based recurring crypto buys, cashback scratch cards, and flexible vs locked staking—features that reflect creative engagement rather than traditional financial tools.

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.

BuyUcoin is legally operated by iBlock Technologies Pvt. Ltd, established in 2016 and headquartered in the Delhi-NCR region of India.

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.

BuyUcoin is officially registered as a reporting entity under India’s Prevention of Money Laundering Act (PMLA) and holds registration with the Financial Intelligence Unit – India (FIU-IND).

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.

Custody is handled in-house by BuyUcoin; there’s no publicly available proof of reserves, audit reports, or details on the proportion of assets held in cold storage.

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.

There are no public disclosures indicating institutional insurance or a protection fund covering user assets in the event of a breach or insolvency.

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.

BuyUcoin has no recorded history of major security breaches, platform-wide suspensions, regulatory fines, or notable withdrawal freezes to date, based on public records.

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.

Basic security measures like mandatory KYC and anti-money laundering policies are in place, but more advanced features—such as two-factor authentication, address whitelisting, anti-phishing tools, sub-accounts, or granular API permissions—are either limited or not visibly featured.

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.

While BuyUcoin participates in regulatory sandbox initiatives and maintains compliance reporting via FIU-IND, it does not offer monthly transparency reports, public wallet statements, or a formal service-level agreement (SLA) for uptime or responsiveness.

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.

Bank transfers via IMPS, UPI, NEFT, and RTGS are available for depositing INR; there are no minimum or maximum amounts publicly listed, and funds usually arrive quickly depending on the chosen transfer method.

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)

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.

BuyUcoin operates with mandatory KYC; beyond that, the platform does not publicly distinguish between basic or advanced tiers or provide specific transaction limits for each tier.

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.

Crypto withdrawals are subject to fixed network fees and processed on typical blockchains (e.g. BTC, ETH), with timing and limits largely dependent on network congestion and internal review standards, but multi-network options or daily caps aren’t explicitly disclosed.

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.

Users can access support via help center articles, email, and live chat (when available), though response times vary; the platform also provides an FAQ section for self-help guidance.

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 operates in English and INR pricing, tailored primarily to Indian users; international fiat display or regulatory tailoring is minimal, as it focuses on the local market.

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.

The mobile app offers several security layers (2FA, PIN, biometric login) and promises fast deposit/withdrawal performance; while user feedback varies, recent updates suggest ongoing maintenance with occasional performance reports.

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.”

BuyUcoin presents a clean, mobile-first interface with both light and dark themes; onboarding is straightforward, minimizing friction, though it doesn’t offer distinct “Lite” or “Pro” modes.

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’s in-house engine is said to process over 100,000 orders per second, contributing to fast order execution; while it appears reliable during normal activity, details on handling volatility spikes or KYC backlog during bull markets aren’t widely discussed.

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.

Users benefit from online learning through webinars and real-time crypto news; however, there’s no dedicated academy, demo account, simulator, or Spanish-language resources currently available.

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.

BuyUcoin fosters engagement via its referral program offering lifetime trading-fee commissions, and users can connect through its social media channels and forums, though there’s no official Discord or Telegram mentioned.

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.

The exchange supports smart trading strategies and copy trading options, but lacks native TradingView integration or tax accounting tools; however, third-party bot platforms can nonetheless connect to BuyUcoin.

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.

BuyUcoin is ideal for Indian newcomers seeking a rewards-focused mobile experience with easy KYC and referral income; advanced traders seeking multi-asset tools or deep customization may find it less fitting.