A Brief Overview Of Coinone
Coinone was founded in 2014 and is headquartered in Seoul, South Korea. While the exchange invites clients from across the globe, their website is primarily in Korean and partially translated into English. The company under the leadership of its CEO Myunghun Cha has seen tremendous growth, as the Korean market for Crypto continues to soar.
Available Assets and Securities
You can obtain the list of available assets from their order book situated on the top right of its website. These are some of the crypto assets available:
- Bitcoin Cash
- Ethereum classic
- Bitcoin Gold
Out of all these, it is only Bitcoin, Ethereum and Ethereum classic that are available for margin trading.
Based on the amount traded in a given month, the maker fees are anywhere between 0.02% to 0.1%. Taker fees, on the other hand, will range between 0.06% and 0.1%. So, the more you trade in a given month, the lesser you pay in terms of charges.
Coinone does not impose any charge when depositing. You can either deposit in South Korean local currency (KRW) or deposit in crypto.
The exchange will charge a withdrawal charge of 0.0005 BTC when withdrawing BTC, which is way below the industry’s standard.
Customer support is one of the key parts of any crypto exchange website. Coinone support is available between 10:00 and 19:00 ( UTC+9).
Support is offered through Telephone 1670-9756 or their support email https://support.coinone.co.kr.
Pros and Cons
- Margin trading is availed
- Allows FIAT and crypto deposits
- User-friendly site
- Not friendly for non-Koreans
The website has a lot to offer, and in general, we feel the site is credible enough. It has all the qualities of a great exchange and should fall in the same league as the big four exchanges.