Volume 24H: $2,339
Coinnest is the 4th largest cryptocurrency exchange in South Korea. It offers well-known digital coins like Bitcoin, Ethereum, Ethereum Classic, as well as many lesser-known coins and tokens: TRON, Bitcoin Diamond, Cardano, NEO etc. By offering these obscure cryptocurrencies, many of which are not on most exchanges, this relatively new platform has managed to attain large volumes of transactions.
The Coinnest platform interface looks modern and professional with a lot of features for trading, such as several chart types, adjustable indicator parameters, and analysis etc. The charts offer data from 1 minute up to 1 week. Users complain that the site lacks information about trading and deposit options. It is best for experienced traders interested in lesser-known cryptocurrencies.
Crypto Currencies Support
- Korea (Republic of)
- Web Interface
Stock Market Options
- Allows customization of charts
- Allows light and dark theme
- Limit Order
- Market Order
Coinnest security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.
Coinnest was launched by the Korea Cyber Technology Co., Ltd. The company is based in Seoul, South Korea and was founded in October 2016 by Mr. Kim, a longtime digital asset manager. There are no other details available about the team. Coinnest is committed to offering 2nd-generation cryptocurrencies and to offering its users a secure, stable, and high-quality trading experience.
Coinnest is the fastest growing Korean crypto exchange with a notable trade volume in 2017. Besides BTC and ETH, Coinnest is focused on obscure coins like TRON, Hshare, Walton, and Energo that are not traded on most platforms. Fees are low, there are several payment options, and the platform is aimed at experienced traders. Little info is available about the team, company and exchange.
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party, Send/Receive Crypto
Coinnest has a six-level membership system with the higher levels allowing higher deposit/withdrawal amounts. Both fiat and crypto deposits are free. Withdrawals carry a 1000 Won fee for fiat and a 0.1% fee for crypto. Fees apply to all users. The best way to deposit money is via wire transfer, since other payment methods (credit card, cash, 3rd services) will usually carry a higher fee.
Weak user guide with not enough information, only offers Won as fiat currency