Comparison of Upbit vs Coinzoom [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Upbit vs Coinzoom comparison!

Your expert: Alejandro Borja

upbit

Upbit

Your expert: Xavier Tarrasó

coinzoom

Coinzoom

Main points

Fees

≈ 0,20%/0,25%

Earns

Yes

Customer service

4/5
0,18%/0,44%

Fees

No

Earns

4/5

Customer service


Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

No

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.0 – Competitive fees with strong local support in South Korea and Southeast Asia.
3.9 – Competitive fees with additional benefits for cardholders.

Level

≈ 0,20%/0,25%
0,18%/0,44%

Brief explanation

Upbit’s commission structure is designed to accommodate a range of trading volumes and styles, which makes it appealing for both high-volume traders and casual participants. The exchange typically employs a tiered fee system, where the trading fees decrease as the user’s monthly trade volume increases. This structure incentivizes frequent trading and larger transactions. However, it’s important for users to note that fees may vary depending on the market conditions and the specific cryptocurrencies being traded. Overall, Upbit’s fees are competitive within the industry but require users to stay informed about the specific details applicable to their trading activities.
CoinZoom implements a competitive and transparent fee structure, tailored to benefit both high-volume and casual traders. For spot trading, fees are tiered based on the trader’s 30-day trading volume, starting from 0.20% for both makers and takers, and decreasing with increased trading activity. This system incentivizes frequent trading while maintaining affordability for newer users. Additionally, CoinZoom’s derivatives trading includes a separate fee schedule, ensuring that fees remain competitive across different market conditions. Overall, the fee strategy at CoinZoom is designed to accommodate a wide range of trading strategies and volumes, making it an attractive platform for diverse trading needs.

Upbit

Coinzoom

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Product selection

Native token

No
No

Earns

Yes
No

NFT marketplace

Yes
No

Cripto/debit card

Yes
No

Company information

Full name

Dunamu Inc.
CoinZoom, Inc.

Regulation

Regulated in Corea del Sur
Regulated in the EE. UU.

Year founded

2017
2018

Founder

Song Chi
Todd Crosland

Payment methods

Transfers

Yes
Yes

Mastercard

Yes
Yes

Wire transfer

Yes
Yes

Card

Yes
Yes

Comparative table

Upbit FEATURES Coinzoom
Upbit allows users to trade with relatively small amounts, making it accessible for beginners.
Minimum Trade
CoinZoom allows for flexible trading sizes, catering to both beginners and those looking to execute smaller transactions, making it highly accessible.
The fees are competitive but the structure can be complex and confusing for new users.
Trading and Transaction Fees
CoinZoom offers competitive trading fees, especially attractive for high-volume traders. Fees are tiered based on activity, encouraging more frequent trading.
Upbit offers a wide array of over 150 cryptocurrencies, catering to diverse trading preferences.
Number of Cryptocurrencies
CoinZoom supports trading in over 120 cryptocurrencies, providing a diverse range of options for traders looking to explore different digital assets.
Provides an extensive range of trading pairs, supporting various crypto-to-crypto transactions.
Crypto-to-Crypto Trading Pairs
The platform boasts a broad selection of crypto-to-crypto trading pairs, offering robust market depth and trading flexibility.
Generally transparent about trading conditions and security policies, though some information like fee structures could be simplified for better clarity.
Website Transparency
CoinZoom’s website provides clear and detailed information on trading conditions and fees, though it could improve by offering more insights into its security practices and fund management.
Lacking a dedicated exchange card, Upbit misses an opportunity to integrate cryptocurrency spending into everyday transactions for its users.
Credit/Debit Card
Currently, CoinZoom does not offer a dedicated exchange card for in-store purchases or other benefits, which could be a point of improvement.
Offers secure storage solutions, though it’s primarily an exchange, not a dedicated wallet service.
Storage Offering
CoinZoom ensures the security of digital assets with cold storage solutions, enhancing safety against potential cyber threats.
Offers competitive staking options and rewards, providing users with opportunities to earn from their holdings.
Staking and Rewards
While CoinZoom offers some forms of passive income through its Flipster Earn Pool, it lacks a comprehensive range of staking options found on some other platforms.
Both platforms are user-friendly and offer full functionality, facilitating trading on-the-go and from desktop setups.
Mobile App and Desktop
CoinZoom provides a highly rated mobile app and desktop platform that are user-friendly, ensuring traders can operate efficiently on any device.
Available and responsive, though some users report delays during peak times, which could be improved.
Customer Service
CoinZoom offers responsive customer service, though there is room to enhance support channels and decrease response times.
Efficient processes with some limits on international transactions, reflecting the need for broader accessibility.
Deposit and Withdraw
Deposits and withdrawals are handled efficiently, with multiple crypto options available. However, adding support for fiat currencies could improve accessibility and convenience.

Key features

Analysis tools

Advanced charting tools, technical analysis
Advanced charting tools, indicators

Mobile APP

Yes
No

Security

High 4,9/5
High 4,5/5

Additional features

Margin trading, staking, Upbit Earn, fiat on/off ramps
Crypto debit card, staking, ZoomMe payment service, CoinZoom Earn

Anonymity

No
No

Key points

Available cryptocurrencies

200+
50+

User-friendliness

Upbit features an intuitive and user-friendly interface that is easy to navigate, making it suitable for beginners. The platform focuses on providing a seamless trading experience.
CoinZoom provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Value for money

Delivers good value for money with competitive fees and a wide range of supported cryptocurrencies, making it an affordable option for traders.
Delivers reasonable value for money with competitive fees and a user-friendly platform, making it a good choice for beginners.

Countries of operation

South Korea, Singapore, Indonesia, Thailand
United States, Canada, Europe, Australia, Singapore

Best for

Best for South Korean, Singaporean, Indonesian, and Thai investors seeking a reliable platform with competitive fees.
Ideal for traders of all experience levels looking for a platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

KRW, BTC
USD, BTC

Account

Trading

Upbit is a major exchange in South Korea, offering a wide range of cryptocurrencies and high liquidity. It provides advanced trading tools but can be complex for beginners.
CoinZoom offers a secure platform with easy fiat integration and a wide range of cryptocurrencies. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

Upbit is a major exchange in South Korea, offering multiple deposit and withdrawal methods. Withdrawals are processed quickly, with competitive fees.
CoinZoom provides multiple deposit options, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Account opening process

Upbit offers an easy and quick account registration process. Users need to provide personal information and verify their identity. The process is fully digital and typically takes less than a day to complete.
CoinZoom provides a straightforward and fully digital account registration process. Users need to submit personal information and verify their identity. The process is quick and typically takes less than a day to complete.

KYC required?

Yes
Yes

Customer Service

Upbit offers extensive customer support via email, live chat, and phone. The support team is responsive and available 24/7, making it reliable for users globally.
CoinZoom provides extensive customer support via email, live chat, and phone. The support team is responsive and available 24/7, making it reliable for users globally.

Security

Upbit ensures security through 2FA, encryption, and cold storage. It is regulated by Korean authorities, providing a secure environment for investors.
CoinZoom offers extensive security features, including 2FA and encryption. It is regulated by U.S. authorities, ensuring high security for investors.

Which of these exchanges is for you?

As an expert reviewing Upbit, I’d recommend this exchange for users interested in a wide variety of cryptocurrencies and robust trading options. Its comprehensive security measures and high liquidity make it a reliable choice, especially for traders who prioritize a secure trading environment. However, newcomers should take time to familiarize themselves with its interface and fee structure to fully leverage Upbit’s offerings effectively.
As one of the experts reviewing CoinZoom here at our website, I must say that this platform truly impresses with its wide array of trading options and exceptional liquidity, especially for altcoins. CoinZoom’s innovative features, like the Flipster Earn Pool, provide both new and seasoned traders with unique opportunities to maximize their investments. Whether you’re looking to actively trade or earn passively, CoinZoom offers a comprehensive, user-friendly experience that caters well to the diverse needs of the crypto community.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Upbit and Coinzoom