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.