South Korean government has mandated the travel rule to apply to all crypto exchanges operating in the country starting from Mar 25, 2022. Following the introduction of the rule, all transactions—deposits and withdrawals—between your Haru Invest account and South Korean crypto exchanges will be restricted, with the exception of UPbit. Please note the travel rule is only imposed for transferring crypto assets above 1 million KRW.
As an approved member of the VerifyVASP Alliance, Haru Invest will do everything in its power to ensure our members can conduct smooth transactions between their Haru Invest accounts and UPbit. Please read below for the step-by-step guide:
How to deposit crypto from Upbit to your Haru Invest account
- Before making the transfer, please check if your Haru Invest account's personal information (name and DOB) is identical to Upbit's. If they are not, please get in touch with our Support team for further assistance.
- Enter the address and select Haru Invest.
- Once you've selected Haru Invest, Upbit will check your personal information (name and DOB) with Haru Invest via encrypted API. When it's complete, the transfer will be made.
How to withdraw crypto from your Haru Invest account to Upbit
- Before making the transfer, please check if your Haru Invest account's personal information (name and DOB) is identical to Upbit's. If they are not, please get in touch with our Support team for further assistance.
- Choose the crypto asset type and the amount you wish to withdraw, then enter your Upbit wallet address.
- Check on the withdrawal status on Haru Invest.
- Once the withdrawal is confirmed, proceed with identity verification on Upbit.
NOTE—Please start your identity verification on Upbit AFTER completing the withdrawal on Haru Invest. Reversal of the process can lead to transfer failure.
If you have more questions, please click here to contact our Support team.