Description of Coinone
What Is Coinone?
Coinone is a South Korean crypto exchange registered as Coinone Inc. The project was created with a focus on clients from Asian territories. It offers trading of digital assets, providing a wide range of tokens and trading pairs.
The main features of Coinone are convenient interface for efficient trading with tools for in-depth analysis of currencies; a wallet for storing coins, trading and client deposits; a payment method in the form of crypto deposits and fiat deposits via bank transfers; round-the-clock support service available by email or phone; security mechanisms such as a two-factor authentication scheme, multi-signature wallets and ID verification.
The platform offers its users three types of service: simplified, professional and lightning-quick. Investors also have the option of earning passive income through staking. The exchange does not have referral programs, demo accounts or educational materials.
Coinone has been on the market for a long time, and is funded by Kakao Ventures.
Who Are the Coinone Founders?
Myunghun Cha is the founder and the current CEO of Coinone. Cha graduated from Postech, where he studied computer science. Known as a white hat hacker with a ten-year background, he developed the Coinone security system. His expertise and knowledge in cybersecurity are confirmed by prizes in international hacker competitions, such as DEFCON CTF and Codegate.
When Did Coinone Launch?
The project was founded in 2014. However, the platform launched in 2015.
Where Is Coinone Located?
Coinone's headquarters is in Seoul, South Korea.
Coinone Restricted Countries
The exchange and its services/products are mainly targeted at citizens of South Korea and focused on South Korean investors. There is no information about restrictions for residents of other countries as well.
What Coins Are Supported on Coinone?
Coinone is a centralized crypto exchange that allows users to trade more than 200 digital assets, including BTC, ETH, XRP, ETC, ADA, SOL, DOGE, DOT, ATOM and more.
The platform supports South Korean Won (KRW). It’s the only fiat option.
How Much Are Coinone Fees?
The Korean exchange offers a flat fee of 0.2% for the main market. Coinone has both Maker fees and Taker fees. For makers, those are 0-0.1%, and they can also get lower. Meanwhile, for takers it’s 0.02-0.1%. Coinone also has a withdrawal fee of 0.0015 BTC. Withdrawals in fiat currency are charged a 1000 KRW fee. No deposit fees.
Is It Possible To Use Leverage or Margin Trading on Coinone?
Following the accusations of providing gambling services from the Korean authorities, in 2017 margin trading was removed from the platform.