Buy Verified Upbit Account Setup
What is a Upbit Account setup?
Upbit launched in South Korea on October 24, 2017 with the help of their partnership with American cryptocurrency exchange Bittrex.
Sirgoo Lee was named CEO of Dunamu, Upbit’s parent company, on December 21, 2017, with Dunamu founder and CEO Chi-hyung Song assuming the role of Chairman. Lee previously served as Co-CEO of Kakao Corp. and JOINS, Inc.
Approximately two months after its launch, Upbit became the top global cryptocurrency exchange in terms of 24-hour trading volume.
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Can US citizens use Upbit?
If you are a resident or citizen of the US, you can’t trade here.
Where is Upbit located?
Backed by one of the biggest tech giants, Upbit went live in 2017 out of South Korea. Being a unique cryptocurrency exchange, Upbit was launched with some unusual features and quickly rose to the top of the list of exchanges based on daily trading value.
Is Upbit trusted?
Upbit Singapore is powered by Upbit, the global top exchange with world-class blockchain technology, regulatory expertise and operational know-how.
As might be imagined for a cryptocurrency exchange backed by one of South Korea’s real internet and Fintech giants in Kakao, cyber security levels protecting UPbit traders are significant. It’s safe to say the Upbit’s cybersecurity standards are hard to beat.
Is Upbit regulated?
Upbit and other virtual asset operators (wallet/custody/trading, etc.), will be under the supervision of the Financial Intelligence Unit (FIU). As part of the Financial Services Commission (FSC), South Korea’s financial market governing body, FIU will ensure that operators comply with regulatory requirements.
Upbit Group has now secured regulatory approvals in the following countries, further demonstrating Upbit’s overall capability in AML/CFT, IT Security and User Protection :
1. South Korea, Virtual Asset Service Provider under FSC;
2. Thailand, Cryptocurrency/Digital Asset Exchange & Broker under SEC;
3. Indonesia, Crypto-Asset Exchanger under BAPPEBTI;
4. Singapore, exempted DPT Exchange service under MAS.
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