Pros
- Help teams work faster.
- The diversity of cryptocurrencies is increasing.
- There is a lot of demand in Asia.
Cons
- This shortcoming is actually limited to traders who think they are from Korea, which is not easy to find outside the region.
Coinone Review
26
·
Average
Rating
3.3
Crypto Exchanges
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.
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Pros
- They made partnerships to increase security measures
- Much cheaper transaction opportunity than banks
- Transparent transactions
Cons
- Registration and approval system takes a long time
Pros
- Coinone is an exchange that provides security and transparency for their investors
- It does not have any record of hacking
- The withdrawal fee is fair
- It charges flat fee of 0.10 on takers and makers
- App is available for iOS users and Android users
- It supports multiple coins including the major ones like BTC, eth, ripple etc
Cons
- The flat currency supported is not globally used hence limiting the suitability to South Korea region
Pros
- Active social media
- Interactive group in telegram
- Affordable fees
Cons
- Hard navigation
- Less languages supported
Pros
- Very safe platform
- Deeply liquid
- Affordable fees
- Unlimited advantage
Cons
- A but time consuming KYC
Pros
- It's easy to use
- Nice Users interface
- Great security features
Cons
- Non for now
Pros
- It permits foe margin buying and selling
- Its an change that has spent some time within side the crypto-international therefore it may be relied on
- Its widespread outlook is attractive
- It permits for twine switch and crypto coins as a style of deposit
- Prudency, Accuracy and protection indicates its willpower for being one of the pinnacle exchanges within side the Korea
Cons
- Registration takes pretty some time, as much as numerous hours
- The reaction of aid group isn't as much as expectations
- There is a hassle on navigation the employer ought to paintings on
- The translation isn't 100% efficient
- Credit and debit playing cards aren't supported here
- It is domestically primarily based totally and now no longer an worldwide change
Pros
- They made associations to expand safety efforts
- A lot less expensive exchange opportunity than banks
- Straightforward exchanges
Cons
- Enrollment and endorsement framework consumes a large chunk of the day
Pros
- Support teams are fast
- Cryptocurrency diversity is increasing
- Extremely popular in Asia
Cons
- The International area needs to develop itself.
Pros
- It hasn't been hacked before; it was supposedly developed by a white hacker who worked on the possible weaknesses of this exchange
- The user interface is user friendly
Cons
- It has been in existence for quite a while, but has nothing positive to show for it
- It is still operating at a local level, hence cannot compete with other major exchanges
- The only fiat supported here is the the Korean Won
- KYC verification is a tiring task
- The support team of Coinone is not even Functioning
- The content of this platform is mostly in Korean
Pros
- Its watchword: Prudency, Accuracy and security shows its determination for being one of the top exchanges in the Korea
- It allows for wire transfer and cryptocoins as a mode of deposit
- Its general outlook is attractive
- Its an exchange that has spent a while in the crypto-world hence it can be trusted
- It allows foe margin trading
Cons
- It is locally based and not an international exchange
- Credit and debit cards are not supported here
- The translation is not 100% efficient
- There is a problem on navigation the company should work on
- The response of support team is not up to expectations
- Registration takes quite a while, up to several hours
Pros
- It has mobile applications and offers a very good interface that is very well designed for all users.
- Supports large trading pairs to exchange cryptocurrencies.
- Very good security.
Cons
- It has several areas in restriction
Pros
- The exchange has a certain number of users with a stable monthly trading volume.
- Price of BTC and other coins is guaranteed to be stable
- Good security
- Optimized and compatible for Android and iOS operating systems
- Support staking some coins
Cons
- Its disadvantage is that it is only limited to traders counting from Korea, it is difficult to create an account outside of this area.
Pros
- It has had great growth due to the capital it manages.
- It supports a large number of cryptocurrencies.
- It is easy to use for users with less experience.
Cons
- works in few countries
Pros
- Very low transaction fee, only 0.1% for each successful order
- Low withdrawal fees, they do not charge a deposit fee
- Good security, reputation for users
- Coinone's ecosystem is constantly expanding and developing, from trading platform to expanding payment services
Cons
- The exchange is only suitable for Korean users, cryptocurrency transactions must use KRW as the base currency.
- The KYC process is complicated and the processing time is longer if you are not a Korean citizen
Pros
- Supports ETN, BCH, ETS.
- supports fiat currency
- liquidity in highly satisfactory transactions
Cons
- only operates in south korea
- only supports south korean won
Pros
- Excellent services
- Good references
- Low rates
Cons
- None
Pros
- low rates
- accepts multiple cryptocurrencies
- mobile app
Cons
- not available in several countries
Pros
- Supports currency like Bitcoin, Litecoin, Ethereum
- Very good and optimized interface
- Works with Android and iOs
- very fast transaction liquidity
Cons
- works in few countries
Pros
- High quality security with different features so that users feel the confidence and tranquility of using it
- Fast transactions, with a comfortable and easy-to-use interface.
- Mobile app.
Cons
- Few cryptocurrencies available.
- Few countries available.
