Crypto exchange Upbit will stop serving unverified users

From October 13 the site will close access to trading, depositing and withdrawing funds to clients who have not passed identity verification

South Korean crypto exchange Upbit has notified that from October 13 it will stop serving users who have not undergone identity verification (KYC). Such users will be denied access to the trading terminal, deposits and withdrawals from the platform.

After identity verification, users will have access to all the features of the crypto exchange. From October 10, new Upbit clients will be able to access depositing and trading only after KYC procedure. Also, starting October 10, Upbit users who have not verified their identity will not be able to open transactions of more than 1 million Korean won ($842).

Eddie Elzer

Crypto Social Media Global Influencer
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