What is Coinone?
Coinone, a prominent South Korean cryptocurrency exchange, operates as Coinone Inc. The platform caters to clients primarily from Asian regions, offering a diverse range of digital assets and trading pairs.
Expansion and Vertical Integration:
Originally established in 2014 and officially launched in 2015, Coinone has evolved beyond its core exchange services. Notably, in 2018, it acquired Ifunfactory, an online gaming company, expanding its reach in the blockchain industry.
Unique Trading Terminal:
Coinone boasts an innovative proprietary trading terminal developed on Coinone Core, setting it apart from the popular "Tradingview" interface. The exchange promotes an accessible interface, accommodating both novice and experienced traders.
Financial Accessibility:
Coinone prides itself on being accessible to all investors, with no minimum deposit limit. Users can initiate trading with as little as $1. However, it's noteworthy that the platform exclusively accepts the South Korean Won as its fiat currency.
Features and Security Measures:
The exchange offers a user-friendly interface for efficient trading, advanced tools for currency analysis, a secure wallet for coin storage and deposits, and supports both crypto and fiat deposits. Security measures include two-factor authentication, multi-signature wallets, and ID verification.
Service Offerings:
Coinone provides three types of services: simplified, professional, and lightning-quick, catering to various investor preferences. Additionally, users can engage in passive income through staking. However, the exchange does not feature referral programs, demo accounts, or educational materials.
Leadership and Founder:
Myunghun Cha, a computer science graduate from Postech, serves as the founder and CEO of Coinone. With a background in white hat hacking, Cha developed the platform's robust security system, earning recognition in international hacker competitions.
Launch Date:
While founded in 2014, Coinone officially launched its platform in 2015.
Headquarters Location:
Coinone's headquarters are situated in Seoul, South Korea.
Supported Coins:
Coinone, as a centralized exchange, facilitates the trading of over 200 digital assets, including popular cryptocurrencies like BTC, ETH, XRP, ETC, ADA, SOL, DOGE, DOT, ATOM, and more.
Fee Structure:
Coinone imposes a flat fee of 0.2% for the main market, with varying Maker and Taker fees ranging from 0-0.1%. Withdrawal fees include 0.0015 BTC for cryptocurrencies and a 1000 KRW fee for fiat currency withdrawals.
Leverage and Margin Trading:
In response to accusations from Korean authorities in 2017, Coinone discontinued margin trading services on its platform.
What are the trading fees on Coinone?
Coinone imposes a flat fee of 0.2% for the main market, with varying Maker and Taker fees ranging from 0-0.1%. Withdrawal fees include 0.0015 BTC for cryptocurrencies and a 1000 KRW fee for fiat currency withdrawals.
Does Coinone offer leverage trading?
In response to accusations from Korean authorities in 2017, Coinone discontinued margin trading services on its platform.
Is Coinone safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
