Upbit SG Review – 2025 Analysis by 2CryptoGuys

Upbit SG is the Singaporean branch of the globally trusted Korean exchange Upbit. Known for its regulatory compliance, fiat support, and strong focus on security, it’s a go-to platform for residents looking to trade crypto using SGD with confidence. But does it offer enough features to stay competitive in 2025?

Regulation and Legitimacy

• Registered and regulated under Singapore’s MAS (Monetary Authority of Singapore).
• Operated by Dunamu, the same company behind Korea’s top exchange.
• ISO-certified with international security standards (ISO 27001, 27017, 27018).

Core Features

• SGD On-Ramp: Supports PayNow and FAST for instant local deposits and withdrawals.
• 200+ Crypto Assets: Access to major coins and altcoins, with tight spreads on top pairs.
• Spot Trading: Market, limit, and stop-limit order types available for all users.
• Tiered KYC: Higher fiat limits and trading features unlock as you verify through four levels.
• Mobile & Web App: Clean, fast interface localized for Singaporean users.

Security Protocols

• 98% of funds stored in cold wallets.
• AI-driven fraud detection and anti-money laundering tools.
• 2FA enabled for all accounts by default.
• Past incident in 2019 (ETH breach) fully reimbursed, leading to tighter safeguards.

Trading Fees and Limits

• Spot Trading Fees: 0.25% standard, lower on USDT pairs (0.20%).
• Deposit Fees: None for SGD and crypto deposits.
• Withdrawal Fees: Vary by asset (e.g. 0.0005 BTC, 0.01 ETH).
• Daily Fiat Limits: Up to SGD 100,000 with Level 4 verification.

Liquidity and Performance

Top pairs such as BTC/SGD and ETH/SGD offer high liquidity and fast execution. However, smaller-cap coins may suffer from lower volume and wider spreads, especially during volatile periods.

Customer Support

• Support is available through email and ticket system.
• Mixed reviews: Some praise timely replies, others report delays—especially with KYC approvals or fiat withdrawals.

Who Should Use Upbit SG?

• Residents in Singapore looking for a legal and fast way to trade crypto with SGD.
• Long-term holders and casual traders prioritizing safety and convenience.
• Users not interested in margin or futures trading.

How It Compares

Against global players like Binance and Kraken, Upbit SG offers fewer features but shines in local fiat support and regulatory clarity. It’s simpler than KuCoin or Bybit, but lacks advanced tools like leveraged tokens or automated strategies.

Best Practices When Using Upbit SG

• Complete Level 4 KYC early for seamless deposits and withdrawals.
• Stick to major pairs for tighter spreads.
• Use cold wallets for storing large amounts long-term.
• Track verification and withdrawal statuses through the dashboard before contacting support.

Conclusion – Is Upbit SG Worth It in 2025?

Absolutely—for Singapore-based users who need a secure, fiat-supported crypto exchange. Upbit SG delivers where it matters: regulation, fiat access, and security. While it lacks derivatives and advanced tools, it’s perfect for buy-and-hold investors and safe spot traders in Singapore’s regulatory environment.

FAQs

1. Can I deposit SGD to Upbit SG?

Yes—via PayNow and FAST after Level 4 verification.

2. Is Upbit SG secure?

Yes, with ISO standards, cold wallets, and AI fraud detection in place.

3. Does Upbit SG support margin or futures trading?

No—it’s strictly a spot exchange for now.

4. How many coins does Upbit SG list?

Over 200 coins, including BTC, ETH, SOL, ADA, and many altcoins.

5. Can users outside Singapore join?

Currently focused on Singapore. No fiat options for global users.