how upbit payout works

To withdraw funds from Upbit, log in to your account, select the asset in "My Assets," choose the withdrawal method, confirm, and expect processing times that range from 15 minutes for cryptocurrencies to 24 hours for KRW withdrawals.

Oct 27, 2024 at 10:02 pm

How Upbit Payout Works

1. Withdraw Funds

Log into your Upbit account.
Go to the "My Assets" page.
Select the asset you want to withdraw.
Enter the amount you want to withdraw.
Choose your withdrawal method (KRW or any supported cryptocurrency).
Confirm the withdrawal.

2. Payout Processing Time

The payout processing time varies depending on the withdrawal method:
- KRW withdrawals are processed within 24 hours.
- Cryptocurrency withdrawals take up to 15 minutes to process.

3. Bank Account Deposit

If you withdraw KRW, the funds will be deposited into your registered bank account within 24 hours.

4. Cryptocurrency Wallet Deposit

If you withdraw cryptocurrency, the funds will be sent to the specified wallet address within 15 minutes.

5. Withdrawal Fees

Upbit charges a small withdrawal fee for each transaction. The fee varies depending on the asset and withdrawal method.
Withdrawal fee schedules are available on the Upbit website.

6. Withdrawal Limits

Upbit imposes daily withdrawal limits for all accounts.
The withdrawal limits are based on your account verification level and transaction history.
Withdrawal limits are subject to change.

7. Additional Notes

Please ensure you have sufficient funds in your account before withdrawing.
The payout processing time may be extended during periods of high demand.
Upbit reserves the right to delay or freeze withdrawals if necessary for security or compliance reasons.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

SOS

$0.3622

255.72%

Trade Now
RED

$0.8124

43.69%

Trade Now
QUBIC

$0.0...01265

30.24%

Trade Now
ZRO

$2.2982

28.67%

Trade Now
TON

$3.4676

20.55%

Trade Now
CAKE

$1.9208

17.66%

Trade Now

Latest Crypto News

Ethereum (ETH) May Be Heading to $1250 as It Risks Breaking Down from a Parallel Channel
2025-03-16 01:10:55
Bitcoin (BTC) Price Prediction: Will BTC/USD Break Above $85,000 Resistance to Challenge $90,000?
2025-03-16 01:10:55
They bought in haste — will they repent at leisure?
2025-03-16 01:10:55
XRP Correction Has Ended, Pointing to a Potential Price Surge
2025-03-16 01:10:55
title: Why Is Bitcoin (BTC) Price Going Up? How High Can It Go?
2025-03-16 01:10:55
BitLemons ($BLEM) Isn't Just Another Token—It's a Fully Operational Digital Gold Mine
2025-03-16 01:10:55

Related knowledge

How do domestic users trade OTC on OKX?

Mar 15,2025 at 05:21am

Key Points:OKX's OTC (Over-the-Counter) trading service facilitates peer-to-peer cryptocurrency transactions, bypassing traditional exchanges.Domestic users face challenges due to regulatory restrictions in various countries. OKX's OTC service might not be fully accessible or legal depending on your specific location.The process involves finding a selle...

How do domestic users view transaction history on OKX?

Mar 15,2025 at 06:51am

Key Points:OKX provides a detailed transaction history accessible through its website and mobile app.Accessing the history requires logging into your verified OKX account.The transaction history displays various details, including timestamps, asset pairs, amounts, and fees.Users can filter and search their transaction history for specific trades.Downloa...

How do domestic users withdraw cash on OKX?

Mar 15,2025 at 04:26pm

Key Points:OKX doesn't directly support fiat withdrawals for all regions. Users must utilize third-party services or P2P trading to convert cryptocurrency to fiat currency.The specific methods available depend on the user's location and the chosen cryptocurrency.Understanding KYC/AML regulations is crucial for successful withdrawals.Security best practi...

How do I bind a bank card to my account of OKX?

Mar 15,2025 at 11:50am

Key Points:OKX doesn't directly support bank card binding for fiat currency deposits.Deposits are made through third-party payment providers integrated with OKX.The process varies depending on your region and chosen payment method.Security is paramount; always use reputable payment providers and verify transactions.Understanding fees and processing time...

How do I participate in the bonus activities of OKX?

Mar 15,2025 at 05:05am

Key Points:Understanding OKX Bonus Activity Types: OKX offers various bonus programs, including trading bonuses, referral bonuses, and airdrops. Each has specific participation requirements.Locating Active Promotions: Bonus campaigns are usually advertised prominently on the OKX website and app. Look for banners, pop-ups, and announcements in the news s...

How do Singapore users complete the KYC verification of OKX?

Mar 15,2025 at 09:45am

Key Points:OKX's KYC verification process for Singapore users involves several steps, including identity verification and address verification.Users need to prepare valid identification documents and proof of address.The process aims to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.Failure to provide accurate informati...