Coinone

What Is Coinone?

Coinone, registered as Coinone Inc., stands as a prominent South Korean cryptocurrency exchange specifically designed to cater to clients in Asian regions. Its comprehensive services encompass the trading of digital assets, featuring an extensive array of tokens and trading pairs.

Key attributes of Coinone include a user-friendly interface facilitating efficient trading alongside tools for in-depth currency analysis, a secure wallet for storing coins, managing trades, and handling client deposits. The platform also accommodates payment methods through crypto deposits and fiat deposits via bank transfers. Users benefit from round-the-clock customer support accessible through email or phone, bolstered by security measures like a two-factor authentication system, multi-signature wallets, and ID verification.

Coinone extends three service types to users: simplified, professional, and lightning-quick. Additionally, investors have the opportunity to generate passive income through staking. However, the exchange lacks referral programs, demo accounts, or educational resources.

With a substantial presence in the market, Coinone is financially backed by Kakao Ventures.

Who Are the Coinone Founders?

Myunghun Cha, a computer science graduate from Postech, serves as the founder and current CEO of Coinone. Recognized as a white hat hacker with a decade-long background, Cha played a pivotal role in developing the Coinone security system. His cybersecurity expertise is underscored by accolades in international hacker competitions such as DEFCON CTF and Codegate.

When Did Coinone Launch?

Founded in 2014, Coinone officially launched its platform in 2015.

Where Is Coinone Located?

Coinone's headquarters are situated in Seoul, South Korea.

Coinone Restricted Countries

Primarily tailored for South Korean citizens and investors, Coinone's services are not explicitly restricted to residents of other countries.

What Coins Are Supported on Coinone?

As a centralized cryptocurrency exchange, Coinone facilitates the trading of over 200 digital assets, including BTC, ETH, XRP, ETC, ADA, SOL, DOGE, DOT, ATOM, and more. The platform exclusively supports South Korean Won (KRW) as its fiat option.

How Much Are Coinone Fees?

Coinone imposes a flat fee of 0.2% for the main market, encompassing both Maker and Taker fees. Maker fees range from 0-0.1%, potentially lower, while Taker fees fall between 0.02-0.1%. Notably, Coinone enforces a withdrawal fee of 0.0015 BTC, with fiat currency withdrawals incurring a 1000 KRW fee. No deposit fees are applied.

Is It Possible To Use Leverage or Margin Trading on Coinone?

Due to accusations of providing gambling services by Korean authorities in 2017, Coinone removed margin trading from its platform.