Header banner
Revain logoHome Page

Reviews

Global ratings 26
  • 5
    2
  • 4
    9
  • 3
    13
  • 2
    2
  • 1
    0

Type of review

Revainrating 5 out of 5

Coinone is one of the major South Korean cryptocurrency exchanges.

Coinone is a South Korea-based exchange platform that allows users to buy, sell and store Bitcoin, Ether and Ether Classic. The market allows users to exchange these cryptocurrencies for South Korean Won (KRW) and offers margin trading services.

Pros
  • Coinone’s security.
Cons
  • Different exchanges have different trading views.

Revainrating 4 out of 5

Coinone is essentially a trading platform that trades a few altcoins. However, you cannot exchange one cryptocurrency for another on Coinone. You can only trade with KRW (Korean fiat currency).

Registered as Coinone Inc. in South Korea, one of the world's largest hubs for cryptocurrency trading, Coinone allows users to buy and sell cryptocurrency. Launched in 2014 with the aim of creating a more user-friendly South Korean cryptocurrency than the other platforms that existed at the time. Coinone offers trading in many cryptocurrencies, although it is still quite limited. The platform is more focused on providing practical functionality rather than a wide variety of cryptocurrencies.…

Pros
  • Established player with a strong team
  • High level of security with multi-signature wallets, two-factor authentication (2FA) and cold storage
  • Accepts fiat currency via Korean bank transfers
  • No fees on deposits
  • Offers margin trading
  • Has a nice trading platform
Cons
  • Focus on Korea
  • Allows trading only against KRW (Korean currency)
  • Few user reviews (mostly negative)

Revainrating 3 out of 5

It has been around since 2014.

Security seems to be a top priority for the user, as the company has multi-signature wallets, two-factor authentication (2FA) and cold storage. There is no 100% guarantee of future security, but these reasons are great.

Pros
  • Nice trading platform.
  • High level of security.
  • Low fees.
  • Korean bank transfers accepted.
  • No fees on deposits.
Cons
  • Based only on Korea.
  • High withdrawal fees.

Revainrating 5 out of 5

Coinone is not for international users.

Coinone is one of the major Korean cryptocurrency exchanges.This platform of exchange and crypto wallet is designed for local use and expressly intended for adopters,traders and users of blockchain and cryptocurrency domiciled in the south korean region.

Pros
  • Security seems to be a top priority for coinone.
  • Coinone accepts deposits in fiat money,by bank transfer.
  • Two-factor authentication and cold storage is available.
  • No deposit fees.
Cons
  • Withdrawal fees are not attractive enough.
  • Payments are sometimes slow.

Revainrating 3 out of 5

Coinone based in South Korea, the second largest platform in that country with…

Coinone based in South Korea, the second largest platform in that country with great experience and volume in transactions on the page, its commissions quite attractive to South Korean users, its security is stable in which it is very comfortable to work in addition to have a simple system to attract liquidity on the platform by lowering the commissions while the page is being operated, where the exchange has a support customer service team to address user problems.

Pros
  • It supports a wide variety of cryptocurrencies such as BTC, ETH, XRP, EOS, among others. It complies with modern features, in which it is based on helping the user to control fund deposits and Bitcoin operations. In addition to presenting various functions the unusual is that it is the first Asian stock exchange to use Multisig Wallet technology. Its security levels on the platform is based on two-factor authentication and provides extra security in the wallet with multiple signatures when confirming transactions Your customer support is based on a forum capable of solving irregular transaction problems.
Cons
  • Focused only for the South Korean population, in which their language system is based only on one. Your verification process is excessive when operating on the page. It only works with a Fiat currency, in this case the Won. Your payment processes are really slow.

Revainrating 4 out of 5

Coinone Review

Coinone is one of the leading Korean cryptocurrency exchanges. They have been around since 2014 and acts as an entry level service for locals. Additionally the company provides access to “Jikgu” payments (a term used for Koeran online shopping from other countries). The actual exchange platform is rather well-designed, which is probably one of the contributing factors to this venue’s popularity. At the time of writing of this review, they are only surpassed by Bithumb, in terms of BTC/KRW…

Pros
  • Established local player – Coinone has been around since 2014 and the team behind this exchange looks very solid. There aren’t any reports of a major hack at this exchange, which is not the case with one of their major competitors – Bithumb.
  • High level of Security – Security seems to be a top priority for Coinone, as the company includes multi-signature wallets, two-factor authentication (2FA) and cold storage. While there is no 100% guarantee of future safety, these factors are nice.
  • Low Fees – The costs of trading at Coinone are very competitive, with the offers by other exchanges. With a 0.10% maximum fee (which goes even lower, if you trade bigger volumes) this exchange is one of the cheapest.
Cons
  • Focus on Korea – Dealing with this company if you are not Korean will be hard, or even impossible, as they require having a local bank account. It is technically possible, but you will have to go through a lot of hassle.
  • Trading only against KRW – While this exchange offers several altcoins they can’t be freely traded against one another. Some clients may even see this as a positive, but at the end of the day, having the ability to quickly convert one coin into another will be viewed highly by others.