There are a large number of crypto exchanges which have evolved in recent times which differ from each other in their features, fees, trading, and other prospective.
In the fast-growing blockchain and crypto industry in South Korea, Coinone has been one of the pioneering exchanges which have widely grown into popularity.
In this article, we will provide you with the complete guide on the Coinone exchange and look into its aspects such as its features, fees, pros and cons, and much more. Let us look into detail in this Coinone exchange review now.
| Legal Name | Coinone Exchange |
| Headquarters | Seoul, South Korea |
| CEO | Cha Myung Hun |
| Year Founded | 2014 |
| Exchange Type | Centralized |
| Trading Fees | Maker: 0.10%/ Taker: 0.10% |
| Deposit Methods | Wire Transfer and Cryptocurrency |
| Supported Cryptos | Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), and Qtum (QTUM) |
| Fiat | South Korean Won (KRW) |
| Customer Service | Email, Phone |
| Trading Options | Spot Trading |
Coinone Exchange is a South Korean cryptocurrency exchange which is registered in Seoul as Coinone Inc. Coinone was founded by Myunghun Kevin Cha in February 2014. Currently, KRW (South Korean Won) is the only fiat currency that can be stored and exchanged on the cryptocurrency exchange.
Coinone is currently the second-largest cryptocurrency exchange located in South Korea, behind Bithumb alone. Coinone ranks in the top 10 cryptocurrency exchanges worldwide in terms of trade volume.
Step 1: To create an account, Navigate to the Official website and click on “Register” found on the upper right-hand side of the website.
Step 2: Now enter your active email address, and choose a strong password for your new account.
Step 3: Complete the CAPTCHA game and then click on ‘Register’.
Step 4: You will get a confirmation link sent to your email.
Step 5: Just click on that and you will be redirected to the website again.
Step 6: Now complete the security verification to complete the registration.
Click the login button at the top of the homepage and click the “Forgot Password” Option. Enter the registered email address. You will get a link to the registered email. Log in with the registered email and you can generate a new password
Step 1: Login to your account. Then go to the ‘Assets’ Page.
Step 2: Now click the ‘Deposit/Withdrawal’ Option.
Step 3: Select ‘Won (KRW)’ from the coin list. Then select ‘Deposit’
Step 4: Enter the desired deposit amount and select the ‘Next button.
Step 1: Log in to your account. Then go to the ‘Assets’ Page.
Step 2: Now click the ‘Deposit/Withdrawal’ Option.
Step 3: Select ‘Won (KRW)’ from the coin list. Then select ‘Withdraw’.
Step 4: Enter the desired withdrawal amount and select the ‘Next button.
Step 1: Log in to your account and go to the Exchange page
Step 2: Here you can place an order by clicking the ‘Buy’ Option.
Step 3: Now, The Coinone order tab displays the status of the amount of KRW and cryptocurrency that can be bought.
Step 4: Check out the details once again and then submit the order.
Step 5: The transaction details can be searched found in Assets>Transaction Records
Step 1: Log in to your account and go to the Exchange page
Step 2: Here you can place an order by clicking the ‘Sell’ Option.
Step 3: Now, The Coinone order tab displays the status of the amount of KRW and cryptocurrency that can be sold.
Step 4: Check out the details once again and then submit the order.
Step 5: The transaction details can be searched found in Assets>Transaction Records
Coinone charges no deposit fees but has a withdrawal fee of 0.0015 BTC per 1 BTC withdrawal. This is high when compared to that of other exchanges. It has a withdrawal fee of 0.01 ETH per 1 Ethereum and 0.0005 BCH per 1 BitcoinCash. Withdrawal fees vary with the choice of coins, Click here to know more.
The Coinone exchange has a flat trading fee of 0.10% for both makers and takers in any trade transaction. This is slightly lower than the global industry average of 0.25% in comparison.
Click here for a detailed analysis of trading fees.
There is currently a withdrawal limit on accounts of 100 million KRW and a transactional limit of 20 million KRW.
Coinone gives access to Crypto deposits. As side support, it also facilitates fiat deposits via traditional routes such as bank wires in Korean currency (KRW). One should note that it doesn’t support any credit card or debit card for payment methods.
The Coinone exchange supports the following cryptocurrencies:
The only fiat currency that can be deposited and traded on the exchange is KRW (South Korean Won).
Coinone can be downloaded from both the App Store and Google Play. It is also available as a download client for both macOS and Windows.
This application allows users to trade, access wallet, fund account, receive notifications and check transaction history on the go. Apps pleasing design further simplifies crypto trading with your smartphone.
Coinone facilitated a Special offer program for its users in order to earn exciting rewards.
Eligibility:
Benefits:
To participate in this program and to know more click here.
Coinone operates the Market Making (MM) program for customers who provide liquidity to promote a stable market. Market makers have a role in supplying continuous liquidity to market quotation windows by creating orders for stable price formation and smooth trading of virtual assets on exchanges.
Eligibility:
Benefits:
Yes, the Coinone exchange is one of the safest exchanges since there have been no hack events since its inception.
Coinone has an expert team that takes care of security, to keep the users’ assets and funds secure at all times. In addition to this, the platform also supports other security features such as:
It is evident from our review that Coinone is one of the fastest-growing exchanges in the global crypto world. It has become one of the top pioneers within the South Korean crypto industry.
With its exceptional user interface, enhanced security measures, and multiple coins traded on its exchange, Coinone remains one of the highly recommended exchanges for crypto users and traders in South Korea and across the Asian borders.
Q1. Is Coinone Exchange Regulated?
No, this exchange is not regulated by any local or global financial agency.
Q2. Is Coinone exchange available for US citizens?
No, at present Coinone exchange is not available in the US.
Q3. Is Coinone safe?
Yes, Coinone’s trading platform is prudent, accurate, and secure.
Q4. Where is the Headquarters of Coinone Exchange?
Coinone’s Headquarters is located in Seoul, South Korea.
Q5 What are the deposit methods supported by Coinone Exchange?
Coinone supports wire transfer and cryptocurrency deposit methods.
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