Coinnest

Coinnest

Coinnest
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $2,732

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

Language Support

  • Chinese
  • English
  • Korean

Country Support

  • Korea (Republic of)

Platforms Systems

  • Web Interface

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows light and dark theme

Advanced
Options:

  • Limit Order
  • Market Order

At the moment, there is very little information regarding the basic security features and legal registration of Coinnest. They offer 2FA, but funds are stored in online hot storage, making it more susceptible to hacking. Coinnest does not allow anonymous trading and new users are required to complete an identity verification process.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
Hot storage

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.

Summary:

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.

Ease of use
Intuitive
Transaction Fees
1000 WON
Deposit/Withdrawal Fee
0-0.09%
Deposit/Withdrawal Fee c For Bank Transfer
It's free (fees may be hidden)
Deposit/Withdrawal Fee For Credit Card
It's free (fees may be hidden)
Deposit/Withdrawal Fee Charged For 3rd party Payments
It's free (fees may be hidden)
Anonymous Trading
Yes

Deposit/Withdrawal Options:

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

Functionality:

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.

Most common
customer complaint:

Weak user guide with not enough information, only offers Won as fiat currency