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Terms of Use

Open API Terms of Use

These Terms of Use between Dunamu Inc. (hereinafter referred to as “Dunamu Inc.”) and users of the Upbit Open API Service (hereinafter referred to as “Users”) are regarding the use of the Upbit Open API Service (hereinafter referred to as the “Service”). By clicking the Agree button to these Terms of Use, the User agrees to these Terms of Use without objection.

Article 1 (The purpose)

The Terms of Use is intended to stipulate the necessary matters for Users when using Service.

Article 2 (Definition)

1. “Open API Service” refers to the connection module provided by Dunamu Inc., which is the open API service that enables Users to connect their web services, mobile applications, and other applications they provide or have created directly to the Upbit system provided by Dunamu Inc., and execute quotations and balance inquiries, order functions (order inquiry, order placement), and deposit/withdrawal functions (deposit/withdrawal inquiry, deposit/withdrawal).

2. The term "Important Partner Company" refers to a company that has entered into a partnership agreement with Dunamu Inc. to provide significant features of the Upbit or Open API services (including but not limited to, login functions, digital asset exchange linkage, and digital asset wallets).

3. "Open API Docs (Upbit Developer Center Documents)" refers to the descriptions of APIs, example codes, and example responses thereto provided by Dunamu Inc. to facilitate Users' use of the Open API service.

Article 3 (Disclaimer)

  1. Dunamu Inc. is not responsible for any consequences resulting from the programs, etc created by the User for the purpose of using the Open API Service, and the responsibility lies with the User.
  2. If a User provides a program created using the Open API Service to a third party and problems arise as a result, the User is responsible for any resulting liabilities.
  3. Dunamu Inc. is not responsible for damages incurred due to Open API Service power outage, fire, disruptions or interruptions caused by computer failures, communication failures, natural disasters, or other force majeure events.
  4. Dunamu Inc. is not responsible for any damages caused by the User's fault, such as the User's computer status, communication line issues, or errors in operating computer equipment.
  5. Dunamu Inc. shall not be held responsible for any damages or losses arising from the user's disclosure or negligent management of any information required for account access, including account passwords and API keys.
  6. Dunamu Inc. is not responsible for errors caused by the following factors, among others: sudden changes in market prices, excessive order volumes, and the like.
    1. Errors such as unprocessed or unfulfilled orders may occur due to delays or sudden changes in market data transmission or processing errors related to "Important Partner Companies."
    2. Due to order processing delays, missing or delayed receipt of execution confirmations, it may result in non-processing orders, non-trading orders, or differences in concluding orders.
    3. In the event of a system failure, the backup server may be activated, resulting in order suspension and other processing measures.
    4. If it is deemed necessary to suspend the Service due to a total or partial system failure, errors in specific parts (operating equipment, programs, market data), system backup switching, or other reasons, all or some of the orders may be suspended.
  7. If Dunamu Inc. is held liable for damages or claims for compensation, litigation, or other objections from third parties, other than the User, due to illegal acts or violations of these Terms of Use by the User while using the Open API Service, the User must indemnify and hold Dunamu Inc. harmless at their own responsibility and expense. The User must also compensate Dunamu Inc. for any damages caused to Dunamu Inc. as a result.
  8. However, if damages occur due to Dunamu Inc.'s intentional or negligent acts, Dunamu Inc. shall be responsible for the extent of the damages caused.
  9. This provision does not waive the applicability of Article 20 (Limitation of Liability) of the Upbit Terms of Use.

Article 4 (Limitation and Termination of Service Provision)

  1. If the User engages in any of the following activities while using the Open API service, Dunamu Inc. may take measures to restrict the provision of Upbit or Open API services to the user, including but not limited to blocking access to Upbit or Open API services, blocking the user's IP address, and restricting all or part of the Open API services usage (including limiting API requests):
    1. In case of violation of Article 6 of the Terms of Use
    2. In case of violation of Article 10 (Member's Obligations) of the Upbit Terms of Use
    3. In cases of the reasons specified in Article 17 (Restriction of Use, etc.) and Article 18 (Termination of Use Contract) Paragraph 2 of the Upbit Terms of Use
    4. In case it is deemed that accounts registered or accessed by a specific individual or group are using others' names, such as multiple accounts being registered or accessed from a single IP address.
    5. In case it is deemed that the act may have a negative impact on the normal operation of Dunamu Inc.'s computer system, security management, and other related matters.
  2. Dunamu Inc. may restrict a User's use of the Upbit or Open API services for a certain period of time or restrict the API rate limit and request that the User take corrective action if the User engages in any of the following: if the User fails to comply with the corrective action request within a reasonable period of time, or the User engages in the same violation two or more times despite the corrective action request, these Terms of Use may be terminated.
  3. Members can only use the Open API service from the IP address that the Member has pre-registered. Registration may be refused for an IP address that is deemed to have a high risk of being used or have been used for criminal activities, or for IP addresses associated with violations of these Terms of Use. If there are unavoidable circumstances where a Member needs to use an IP address that has been rejected at the time of registration, and there are significant reasons to assess the risk associated with the IP address differently from what is assumed, the Member can request a re-evaluation of the risk associated with the IP address through the Support Center. In this case, the Company may ask the Member for relevant information to determine whether it is reasonable to judge otherwise regarding the risk associated with the IP address.
  4. This provision does not waive the applicability of Articles 10, 17, 18, 20 of the Upbit Terms of Use.

Article 5 (Copyright)

All data and contents provided on the Open API service and Open API Docs are copyrighted by Dunamu Inc., and Users are prohibited from using, copying, distributing, modifying, or using them for commercial purposes without permission.

Article 6 (User’s Obligations and Responsibilities)

  1. As any notice of changes to the following items will be provided in advance through the Upbit Developer Center, Users must confirm it. In the case of changes to the Service content, Users must directly reflect the changes in the applications, etc they have created.
    1. Notice of API updates and changes
    2. Notice of system changes
    3. Notice of Dunamu Inc.-Upbit policy changes
    4. Other urgent notices
  2. Users must comply with the usage guide, limit (quota), and other guidance provided on the Upbit Developer Center(https://docs.upbit.com) for each open API usage.
  3. Users cannot transfer, distribute, or allow others to use programs that enable the use of Open API services for a fee. And vice versa, the use of programs that have been transferred, distributed, or allowed for use by others for a fee is not allowed when using Open API services.
  4. All information required for user account access (including API keys, but not limited to them) can only be used by the user themselves and cannot be provided, disclosed, shared, transferred, or delegated to others. Users cannot allow others to access the company's Open API services through other means.

Article 7 (Changes to the Terms of Use, etc)

  1. Dunamu Inc. may revise these Terms of Use if deemed necessary within the boundaries that comply with applicable laws and regulations.
  2. If Dunamu Inc. revises these Terms of Use, it will announce or notify all users of the content and effective date of the revision no later than the day before the effective date, by posting on the Upbit Developer Center (https://docs.upbit.com), announcement, pop-up screen, or individually notifying users via email, memo, in-app message, text message (LMS/SMS), or other means as provided in Article 19(1) of the Upbit Terms of Use. However, in cases where these Terms of Use must be urgently revised and implemented in order to comply with revised related laws and regulations, policies and orders of government agencies, etc., the revised Terms of Use may be implemented simultaneously with the announcement and individual notification to Members (limited to cases where the revised Terms of Use are not unfairly disadvantageous to Members).
  3. If Dunamu Inc. provides notice or notification in accordance with the relevant provisions and the user fails to express their intention prior to the effective date, it shall be deemed that the user has expressed their intention. Despite being informed clearly that failure to express refusal shall be considered as agreement to the revised terms, if the user does not explicitly refuse, it shall be deemed that they have agreed to the revised terms.
  4. If the User does not consent to the revised terms, they have the option to express their refusal to Dunamu Inc. and terminate the service agreement prior to the effective date.

Article 8 (Effectiveness and Validity Period)

These Terms of Use shall come into effect at the time of the User's consent and shall remain valid until the reasons for termination of Upbit and Open API services by User or Dunamu Inc., etc.

Article 9 (Others)

  1. Matters not specified in these terms and conditions shall be subject to the Upbit Terms of Use and relevant laws and regulations, and matters not stipulated in relevant laws and regulations shall be subject to general practice.
  2. In the event there arises a conflict between these Terms of Use and the Upbit Terms of Use, these Terms of Use shall take precedence.

Article 10 (Competent Court)

If a dispute arises between Dunamu Inc. and the User regarding a transaction under these Terms of Use, a competent court shall be determined in accordance with the「Civil Procedure Act」.

<Supplementary Provisions>

These Terms of Use will be applied from October 30, 2024.
The previous version of the Terms of Use can be found below.

※ This English version of the Upbit Open API Terms of Use is a translation based on the original Korean version of the Upbit Open API Terms of Use . If there is any conflict between the original Korean version and this English version, the original Korean version of the Upbit Open API Terms of Use shall prevail.

- Link to OPEN API Terms of Use (2023.12.15 ~ 2024.10.29) >
- Link to OPEN API Terms of Use (2023.10.11 ~ 2023.12.14) >
- Link to OPEN API Terms of Use (2021.05.07 ~ 2023.10.10) >
- Link to OPEN API Terms of Use (2018.06.21 ~ 2021.05.06) >