How do the BTC market and the USDT market differ?

Upbit consists of three markets (USDT market, BTC market, and USDT market).

1. USDT (USDT) Market

Buy and sell digital assets in USDT (USDT).
The sale price is settled in USDT.

2. BTC (Bitcoin) Market

Buy and sell other digital assets with BTC (Bitcoin).
The sale price is settled in BTC.
In other words, when you buy a digital asset in the BTC market, BTC is deducted, and when you sell it, you keep BTC.
The price of the digital asset for sale is determined in BTC, and the USDT conversion price (BTC base price x BTC/USDT current price) is also displayed for reference.

3. USDT (Tether) Market

Buy and sell other digital assets with USDT (Tether).
The price of the digital asset subject to trading is determined in USDT, and the USDT conversion price (USDT base price x USDT/USDT current price) is also displayed for reference.

Detailed information regarding transaction fees for each market can be found through the link below.

Go to >
*This page is not supported on mobile devices, so please check through the PC web.

※ UPbit Co., Ltd. (Upbit) provides cross-trading services through partnerships with Upbit Indonesia and Thailand in the BTC and USDT markets in accordance with Article 8 of the Specific Financial Information Act, Article 10-20 (6) of the Enforcement Decree of the same Act, and Article 28 (1) of the Specific Financial Transaction Information Reporting and Supervision Regulations, and is complying with related obligations. When trading in the market, a transaction may be made with a member of Upbit Indonesia or Upbit Thailand, and cross-trading does not affect the use of services, such as orders and transactions in the market, and the member's assets and transaction fees related to the transaction.
In addition, consent to provision of cross-transaction information and overseas transfer is required, which can be confirmed through the path below.

PC : [My Page (human emoticon)] > [Use consent settings] > [Consent to provision of cross-transaction information and consent to overseas transfer of cross-transaction information]
Mobile App: [More] > [Terms and Policies] > [(Required) Consent to Use] > [Consent to provision of cross-transaction information and consent to overseas transfer of cross-transaction information]

If you sell your coins to the USDT market, they will be held in USDT, but if you sell them to the BTC market or USDT market, they will be held in BTC or USDT.
BTC and USDT held through unintentional transactions will be converted to USDT when sold in the USDT market.
* When trading digital assets, please keep the above in mind and select the market correctly.