Upbit Significantly Reduces Bitcoin Withdrawal Fees: Good News for Users

10 July, 2025, 01:29 PM

Upbit, a leading cryptocurrency exchange, has announced a substantial reduction in Bitcoin (BTC) withdrawal fees, a move welcomed by its user base. According to their official announcement, the new fee structure will take effect on July 10th at 21:00 (presumably KST). Previously, Upbit charged 0.0008 BTC per withdrawal. The updated fee is now set at a more competitive 0.0002 BTC, representing a significant decrease of 75%. This reduction makes withdrawing Bitcoin from Upbit considerably more affordable, potentially attracting more users and increasing trading activity on the platform. The reason for the fee reduction was not explicitly stated. However, it is likely driven by increased efficiency in transaction processing or a strategic move to remain competitive within the cryptocurrency exchange landscape, where lower fees can be a major draw for users. This change benefits users who frequently move their Bitcoin holdings. ```