Travel Rule Guide for any transaction between Haru Invest and Upbit exchange in S.Korea

Starting March 25, 2022, the Travel Rule now applies to all South Korean crypto exchanges.

Due to this, transactions (both deposit and withdrawal) from your Haru Invest account to a South Korean crypto exchange will be restricted - with exception to UPbit.
(Travel Rule is only imposed for transfer of cryptocurrency above KRW 1,000,000)


With Haru Invest approved as a member of VerifyVASP Alliance, you will be able to deposit and withdraw from your Haru Invest account to UPbit,

 

Depositing crypto from UPbit to Haru Invest

a) Before making the transfer, please check if your personal information (name and DOB) are identical on
Haru Invest and UPbit. If they aren’t identical, please reach out to Haru Invest support for assistance.

b) Enter the address and select Haru Invest

c) Once Haru Invest is selected, UPbit will check your personal information (name and DOB) with Haru Invest via encrypted API. Only when matched, the transfer will be carried out.


Withdrawing crypto from Haru Invest to UPbit

a) Before making the transfer, please check if your personal information (name in English and DOB) are identical on Haru Invest and UPbit. If they aren’t identical, please reach out to Haru Invest customer support for assistance.

b) Proceed with withdrawal by selecting the crypto asset type, amount and entering UPbit wallet address

c) Check on the withdrawal status on Haru Invest

d) Once the withdrawal has been confirmed, proceed with identity verification on UPbit.
Only proceed with your identity verification on UPbit, ONCE the withdrawal has been completed on Haru Invest. Completing identity verification on UPbit first will lead to transfer failure.

 

 

 

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