Ultimate guide on how to
buy Lisk (LSK) on Upbit

Step by step overview on how to buy Lisk (LSK) on Upbit

Three months after its launching, Upbit became one of the largest cryptocurrency exchanges in South Korea. It boasts a list of over 120 cryptocurrencies and ranks among the top three in Bitcoin trading. Also, Upbit does not charge fees for deposits regardless of payment methods.

In this guide, we present to you the steps on how you can start trading on Upbit.

  1. Sign-up for an account on Upbit
  2. Create a Kakao account for Upbit
  3. Pass Security Certification on Upbit
  4. Fund your Upbit account
  5. Start trading on Upbit

1. Sign-up on Upbit

Before starting please take note that this exchange platform is intended for South Koreans only. However, foreigners can also join as long as the four certificates as domestic Koreans are met (using regular KakaoTalk, log in through KakaoTalk account, KakaoPay certificate, & real name verification through Korean carrier).

If you are a foreigner and plans to open a foreign account on Upbit, do check the details below.

how to register foreign accounts on Upbit

Let’s start the registration process by accessing the exchange site. Please click here.

Since the platform is in Korean, you may set your browser’s language settings according to your preference. For Chrome browser as shown in the image below, click on the ‘Translator’ icon> Go to Options> Change Languages and choose your language. Additionally, you can also check “Always translate Korean” so you don’t have to hit ‘Translate’ every time you open a new page manually.

how to register on Upbit

After setting your language preference hit on the “Sign Up” button to proceed with the registration process.

how to register on Upbit

Click the “Login to cacao account” button.

how to register on Upbit

Upbit subscription/registration requires you to have a Kakao account. If you don’t have one yet, please proceed to “STEP 2” and follow the instructions. If you already have one, log-in using your registered email address and password.

how to log-in on Kakao for Upbit

Check all required “Agreement” boxes and click the “Upbeat subscription” button.

how to register on Upbit

At this point, your account registration is already complete.

how to register on Upbit

Great job! You now have an account on Upbit.

 

2. Create a Kakao account for Upbit

If you don’t have a Kakao account yet, please refer to the steps below to help you create one.

To get one, click on the “Sign Up” button.

how to create kakao account for Upbit

Check the terms you want to agree. You may check all or only those that are required. After this, click Next.

how to create kakao account for Upbit

Type in your email address, password, and nickname. Hit ‘Next’ to go to the next page.

how to create kakao account for Upbit

Check your email for the verification code and enter it on the box provided. Click ‘Next’ once done.

Below is a sample email with a verification code.

To complete the process, hit on the “Confirm” button. Since we used the “Log-in to Kakao account” link from Upbit, completing your Kakao account creation will redirect you to the next phase of the Upbit subscription. Check “Step 1” to finish your Upbit registration.

Perfect! You have created a Kakao account for Upbit.

 

3. Pass Security Certification on Upbit

Now that you’ve created an account on Upbit, our next step is to pass the Security Certification.

On the “Completed membership” page click on Security Certification.

how to pass security certification on Upbit

There are four levels in this step. Level 1 will require you to verify your email address, Level 2 is for ‘Real Name Verification’ via a Korean mobile carrier, Level 3 is for Upbit account verification to enable the Deposit and Withdrawal functions, and lastly, Level 4 is to secure transactions through KakaoPay certification.

To do Level 1, enter your email address on the “Email Authentication” box and hit Authenticate.

how to pass security certification on Upbit

An email will be delivered to you to complete the verification.

how to pass security certification on Upbit

Open the email and click on the “Confirm” button as illustrated below.

how to pass security certification on Upbit

The link will then forward you to Level 2. Here you will need a Korean carrier to pass the “Real Name” verification. Click “Authenticate” to continue.

Choose your carrier and follow the next instructions to pass Level 2.

Do the same with Levels 3 and 4. After passing the “Security Certification” process, you can now make a deposit and withdrawal and proceed with trading knowing that your transactions are secured.

For foreign accounts, please follow the instructions provided on the image below for account registration/authentication.

how to register foreign accounts on Upbit

Excellent! You have verified your identity on Upbit.

 

4. Funding your Upbit account

To put money into your Upbit account or make a deposit click on the “Disbursement” tab at the top of the page.

Note: Only Korean currency or bank accounts are accepted when making deposits. The good news is, there is no deposit fee regardless of what payment method you will use.

how to deposit on Upbit

Enter the required information under “KWR charge” to initiate your deposit. Verify if all information is correct and up-to-date. You can view your balance on the ‘Total Assets’ section.

Click this to get more information about “Deposits” on Upbit.

how to deposit on Upbit

Nice! You have added funds on your Upbit account.

 

5. Start trading Lisk (LSK) on Upbit

After your deposit is successful, you can now buy Lisk (LSK) on Upbit.

On the Upbit homepage scroll down and locate the “Buy/Sell” panel. It’s just below the Disbursement and Coin Trend tabs. The first thing you need to do is select your ‘Product’ or ‘Trading Pair’ on the right panel. After this, go to the Buy/Sell section and input the desired amount of Lisk (LSK) you want to buy. If you agree to the total amount, click on the “Buying” button.

how to buy Lisk (LSK) on Upbit

A summary page will pop-up. Review the details and if everything is correct hit on the confirmation button.

If you want to view the transaction you just made, click either the “Investment” or “Investment History” tab on the top of the page. Both options will direct you to the same page.

how to buy Lisk (LSK) on Upbit

Here, you will see all the details of your purchase. You can also check your ‘Transaction history’ and ‘Deposit/Withdrawal’ from here.

how to buy Lisk (LSK) on UpbitCongratulations! You just got your first Lisk (LSK) on Upbit.

Transferring Lisk (LSK) from Upbit to other exchanges.

Transferring Lisk (LSK) from Upbit to wallets.

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