Travel Rule User Guide

As Upbit complies with the travel rule for deposits and withdrawals of 1 million won or more, withdrawals are only possible to virtual asset businesses linked to the travel rule solution, virtual asset businesses that can verify the account holder, and registered personal wallet addresses.

[How to withdraw digital assets after travel rule is implemented]

Digital assets with a USDT conversion value of less than 1 million won are subject to this. contentPlease check.
When withdrawing digital assets worth more than USDT 1 million, the process is as follows.
1. When withdrawing money to a travel rule-linked virtual asset business
  - individual memberWhen withdrawing money to [Exchange] select and [Recipient Name]You must enter
  Withdrawal is possible only if it matches the recipient's account information on the relevant exchange.
  - corporate memberWhen withdrawing money to [Exchange] select and [Corporation name and representative name]You must enter
  Withdrawal is possible only if it matches the recipient's account information on the relevant exchange.
2. When withdrawing money to a virtual asset business linked to account holder confirmation
  After selecting the exchange to receive the deposit, the money will be withdrawn when it is confirmed that the Upbit account holder and the account holder receiving the deposit are the same person.
  Account holder can be verified Virtual asset business operator View list >
3. When withdrawing money to the member’s personal wallet
  Free withdrawal is possible only for personal wallets registered with Upbit.
  Currently, personal wallets support Metamask, Kaia, Phantom, Polkadot, and Kepler wallets.
  MetaMask can be registered through PC web and mobile app (Android/iOS), while Kaia, Phantom, Polkadot, and Kepler wallets can only be registered through PC web.
  View personal wallet registration guide >

[How to deposit digital assets after travel rule is implemented]

Digital assets with a USDT conversion value of less than 1 million won can be deposited as before.
When depositing digital assets worth more than USDT 1 million, additional confirmation is not required in the following cases.
1. When deposited from a travel rule-linked virtual asset business
  Your deposit will be reflected without any additional confirmation required.
  View virtual asset businesses that can make deposits >
2. If the deposit is made from the member's personal wallet
  Your deposit will be reflected without any additional confirmation required.
  Deposits made before registering your personal wallet address will be reflected after registering your personal wallet.
  Currently, personal wallets support Metamask, Kaia, Phantom, Polkadot, and Kepler wallets.
  MetaMask can be registered through PC web and mobile app (Android/iOS), while Kaia, Phantom, Polkadot, and Kepler wallets can only be registered on PC web.
When depositing digital assets worth more than USDT 1 million, additional confirmation is required in the following cases.

1. If the deposit is made from a virtual asset business linked to account holder confirmation
  When requesting a deposit pending, click the [Add Confirmation] button to proceed with the account holder verification service process, and once it is confirmed that the sender and recipient are the same person, the deposit will be reflected.
2. If the deposit is made from an overseas virtual asset business that passes the risk assessment
  A separate explanation procedure is required for individual members only, i.e. Check deposit sourceIf it is confirmed that the deposit is between accounts of the same owner, the deposit can be reflected.
  View deposit source confirmation guide>

※ Precautions

After the travel rule is implemented, immediate withdrawals to Upbit Singapore and Indonesia are restricted.
Direct withdrawals between members within Upbit Korea are supported as before.
General withdrawal of digital assets through Open API is only possible to registered withdrawal addresses.
After August 8, 2022, withdrawals will not be possible using previously registered withdrawal addresses, so you must register and use a new withdrawal address.
Withdrawal address registration Digital asset withdrawal address managementThis is possible.
Deposits that do not comply with the travel rules cannot be reflected in the deposit, so please refer to the deposit return procedure and apply for a return for the deposit.
Please note that if deposits and withdrawals of less than 1 million won occur repeatedly, it may be considered an abnormal deposit and withdrawal and the deposit or withdrawal may be rejected.