Crypto Gloom

Upbit begins BTC ID trading!

Cryptocurrency Live News

author: Mustafa Mullah

Mustafa has been writing about blockchain and cryptocurrencies for several years. He has previous trading experience and has been working in the fintech industry since 2017.

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Upbit has added ID to the BTC market, and deposits are scheduled to open in 3 hours. Upbit only supports ID deposits on the Ethereum network, and deposits exceeding a certain amount may be subject to audit. ID trading is scheduled to begin at 6 PM (KST) on November 30th. Buy orders will be limited during the opening period, and sell orders below -10% will not be accepted. Upbit recommends caution before investing due to the volatility of digital assets, and points out that there may be price differences between domestic and overseas exchanges. A screening process is required when depositing on an unlisted exchange, and investors can deposit and withdraw digital assets only to their self-certified personal wallet address. Upbit is taking steps to create a stable trading environment, but may display an order stabilization message during periods of investment overheating.