How to buy and sell coins on Upbit Exchange? Detailed steps

To purchase coins on Upbit, first create an account, fund it, search for the desired coin, and place a buy order for the desired amount at the current market price.

Oct 07, 2024 at 07:48 pm

How to Buy and Sell Coins on Upbit Exchange: Detailed Guide

1. Create an Account

Visit the Upbit website: https://upbit.com/
Click on "Sign Up" and follow the instructions to create an account.
Verify your email address and phone number.
Complete the account verification process by submitting your KYC documents.

2. Fund Your Account

Log in to your Upbit account and click on "Deposit."
Select the deposit method you prefer (e.g., bank transfer, credit card, crypto).
Follow the instructions to deposit funds into your account.

3. Find the Coin You Want

Search for the coin you want to buy or sell in the search bar at the top of the page.
Click on the corresponding coin pairing to view the trading chart.

4. Place an Order

Buy Order:
- Click on the "Buy" tab.
- Select the market order option to buy at the current market price.
- Enter the amount of the coin you want to buy.
Sell Order:
- Click on the "Sell" tab.
- Select the market order option to sell at the current market price.
- Enter the amount of the coin you want to sell.

5. Review and Confirm Order

Check the order details (coin pairing, quantity, price, fees).
If everything is correct, click on "Buy" or "Sell" to confirm the transaction.

6. Monitor Your Order

Once your order is placed, it will be listed under "My Orders" in your account.
You can track the status of your order and cancel it if needed.

7. Withdraw Funds

After selling coins, you can withdraw the funds by clicking on "Withdraw."
Select the withdrawal method (e.g., bank transfer, crypto).
Enter the amount you want to withdraw and the recipient address.
Confirm the transaction by entering your password.

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