Upbit Launches ID Trading for BTC!

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Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Upbit has added ID to its BTC market, with deposits set to open in three hours. Upbit will only support the Ethereum network for ID deposits, and deposits over a certain amount may be audited. ID trading is set to begin on November 30 at 6 p.m. KST, with buy orders limited for the opening period and sell orders below -10% not allowed. Upbit advises caution before investing in digital assets due to their volatile nature and notes that differences in market prices between domestic and foreign exchanges may occur. Deposits from unlisted exchanges require a review process, and investors can only deposit or withdraw digital assets from or to a self-verified personal wallet address. Upbit takes measures to create a stable trading environment but may display order stabilization messages during overheated investment periods.


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