Bitbuy vs Upbit

How Bitbuy vs Upbit compare on our ratings, exchange specs, funding, pros and cons.

Bitbuy4.0/5
VS
Upbit3.1/5
Feature
Ratings
Our score4.0/53.1/5
User ratingNo reviews yetNo reviews yet
Fees3.53.0
Security & trust4.52.5
Asset selection3.54.0
Ease of use4.03.5
Support4.03.0
Specs
MarketsSpot, OTCSpot
Coins listed45350
Fiat deposit methodsBank transferNot disclosed
KYC required YesNot disclosed
Accepts US customers NoNot disclosed
Staking / earn YesNot disclosed
Mobile app Yes Yes
Licenses & registrationsOSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSBVirtual Asset Service Provider registration, South Korea
Security featuresCold Storage, Custodial Insurance, CIPF ProtectionEmergency withdrawal suspension, Internal wallet audits
Futures & perpetuals NoNot disclosed
Copy trading NoNot disclosed
P2P market NoNot disclosed
Earn / savings products YesNot disclosed
User protection fund YesNot disclosed
Referral program YesNot disclosed
Company
Founded20162017
HeadquartersCanadaSouth Korea
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Operates under CIRO member dealer status registered with the OSC and CSA
  • Cash balances covered up to $1M CAD per account by CIPF
  • Digital assets stored 1:1 in cold storage with insured custodians
  • Instant CAD deposits and withdrawals supported through Interac e-Transfer
  • About 350 coins and 514 trading pairs
  • KRW markets for South Korean traders
  • Licensed as a South Korean VASP in September 2021
  • iOS and Android apps available
Cons
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
  • Custodial exchange exposure to Dunamu and its wallet infrastructure
  • KYC is required for account access
  • Approximately $48.5 million in Ethereum was stolen in 2019
  • A wallet vulnerability and unauthorized withdrawals were disclosed in November 2025
Best forCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheetsSouth Korean spot traders, KRW cryptocurrency markets, Mobile exchange users

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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