Coinone

Coinone

  • Korea (Republic of)

  • Full trading platform

  • Coinone.co.kr

  • Since 2018

Coinone
Complex Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $6,911,710

Coinone is the first Asian exchange to introduce Multisig Wallet Technology in partnership with BitGo. It is one of the world's leading exchanges when it comes to trading volume, despite the fact that it doesn't allow trading altcoins against one another but only against South Korean Won (KRW). Coinone offers margin trading, competitive fees and support for popular cryptocurrencies.

Coinone is best suited to users with a South Korean bank account who wish to trade cryptos against KRW, as the exchange focuses on the local market. Foreigners tend to have a hard time getting an account due to exhaustive verification procedures. The UX design is clean and intuitive. The trading platform offers complex market chart views and options that experienced traders will appreciate.

Language Support

  • English
  • Korean

Country Support

  • Australia
  • Canada
  • China
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows Advanced and Basic option

Advanced
Options:

  • Limit Order

Coinone 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.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Both
Storage Type
The default is hot but there is a cold storage option

Advanced Security Features:

  • Email reports of logins
  • Ability to define a withdrawal white list

Security Features:

  • SSL
  • Protection from DDoS attackes
  • Regular Auditing Programs

Legal Registration or Compliance:

  • KYC/AML Compliant

Founded in 2014 by CEO Chan Myung Hun, Coin One Co., Ltd is a Seoul-based company offering cryptocurrency-related services. They have been in the news for launching a physical crypto exchange, for increasing tick size and for establishing a Fintech consortium. Coinone also powers Cross, a remittance service in collaboration with Daishin Securities, Sogang University, and Dayli Financial Group.

Summary:

Coinone offers competitive fees, complex trading functions and support for popular cryptocurrencies, but it's too focused on the domestic market. They need to break down language and accessibility barriers in order to engage more users. Allowing crypto to crypto trading and support for more fiat currencies besides the Korean Wan would make this exchange a serious competitor on the crypto market.

Ease of use
Complex
Transaction Fees
0.1-0.29%
Deposit/Withdrawal Fee
BTC 0.0005/Withdrawal, BCH 0.0005/Withdrawal, ETH 0.01/Withdrawal, LTC 0.005/Withdrawal, XRP 1/Withdrawal
Deposit/Withdrawal Fee c For Bank Transfer
KRW 1,000/Withdrawal
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Withdrawl funds to bank account, Send/Receive Crypto

Functionality:

With Coinone, some of the most popular coins, such as BTC, BCH, ETH, and LTC can be stored or traded against KRW using the wide range of indicators provided by platform's ProChart. The exchange allows margin trading, limit orders and OTP while providing an API for its users. Market orders, however, are no longer supported by the platform nor by the API.

Most common
customer complaint:

Strict security measures that makes it very difficult to make withdrawals and deposits. Slow customer support response.