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.

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