Before Using the Lending Service
Mandatory Training Completion
Before using the Upbit Lending Service, you must complete the DAXA training and pass the eligibility assessment test to access the service.
* Even if you complete the training, service use may be restricted if you do not meet the level achievement requirements.
Check My Limit
After completing the mandatory training, verify your eligibility to check your borrowing limit.
- You can check your maximum coin borrowing limit.
- According to Article 9 of the Virtual Asset Service Provider Credit Lending Business Guidelines, borrowing limits may vary depending on conditions.
- If you meet certain conditions, you can borrow up to 1 billion KRW.
- Detailed conditions for each limit tier can be found on the My Borrowing Limit > View Details > Maximum Limit Guide page.
How to Use Lending
Apply
- You can apply for one loan at a time for various lending assets offered under [More > Lending] in the Upbit app, regardless of asset type.
- You can set KRW and digital assets held in your Upbit account as collateral assets.
- You can borrow up to 85% of the collateral asset amount, and the recognized lending ratio may vary depending on the collateral recognition rate.
> What is the collateral recognition rate? - After selecting the collateral and entering the borrowing amount, please review the application details (lending ratio, usage period, usage fee* ).
*The usage fee is calculated daily based on the maximum daily borrowing amount and is collected in full upon complete repayment. - If the collateral asset amount is 100 million KRW or more, a pledge contract is required. The same applies if the total collateral asset amount exceeds 100 million KRW with additional collateral.
- After confirming all details, please complete the application using simple authentication (biometric authentication or PIN).
- You can freely invest with the amount borrowed through coin borrowing.
How to Apply for Additional Borrowing
- You can apply for additional borrowing up to 85% lending ratio of the collateral assets you have already provided.
* Please note that forced repayment may occur if the lending ratio reaches 95%, so exercise caution when applying for additional borrowing.
Collateral Asset Deposit Function
Deposit
- Depositing collateral assets can lower a high lending ratio. However, according to the Virtual Asset Service Provider Credit Lending Business Guidelines, additional borrowing is not allowed after depositing additional collateral assets, regardless of the lending ratio.
- Deposited collateral assets cannot be traded or withdrawn until full repayment.
Repayment
Partial and Full Repayment
- You can make full or partial repayments on the borrowed amount.
- For partial repayment, select the digital asset and enter the amount to repay.
Forced Repayment (Liquidation)
- If the lending ratio exceeds 95%, forced repayment will be initiated. Please deposit additional collateral assets to lower the lending ratio.
Check Lending Application Details
If Currently Using Lending
- To view details of your active coin borrowing, select the right-side '' to go to the detailed information page.
- In the detailed information, you can check basic information such as collateral assets set, borrowed amount, estimated fees, maturity date, as well as collateral deposits and partial repayment history.
- You can also view the loan agreement and pledge contract* for the coin borrowing you applied for.
*If cumulative collateral assets are 100 million KRW or more
How to Check Borrowing History
How to Check Previous History
- You can check your previous coin borrowing history through the following paths:
1. If no application history exists: Lending Home 'Borrowing History'
2. If application history exists: Lending Home 'Repayment Completed' tab - Viewing periods of 1 week, 1 month, 3 months, and 6 months are provided. For searching a specific application date, you can use 'Direct Input' to search.
How to Check History Before Service Update
- Lending history before the update on 2026.04.09 can be viewed under 'Borrowing History > History Before 2026.04.09' at the bottom of the service main screen.
- Viewing periods of 1 week, 1 month, 3 months, and 6 months are provided. For searching a specific application date, you can use 'Direct Input' to search.