Coinone Crypto Exchange General Overview
Coinone is one of the most important cryptocurrency exchanges in South Korea. The main goal of Coinone is to bring and spread blockchain around the world. Indeed, it slogan is:
‘Bringing Blockchain into the World, a world permeated with a new way of connecting.’
At the moment, Coinone is the 24th virtual currency exchange in the market by trading volume with $89.08 million dollars of activity in the last 24 hours. The top 10 most trading pairs are EOS/KRW, XRP/KRW, BCH/KRW, IOTA/KRW, ETH/KRW, BTC/KRW, QTUM/KRW, ETC/KRW, LTC/KRW, OMG/KRW accounting for almost 100% of the total trading volume of the platform.
The Coinone exchange offers a wide variety of cryptocurrencies and allows its users to directly change them for South Korean won (local currency in Korea).
The exchange has been operating in the South Korean market since 2014 and has an important team of experts behind that is related to the cryptocurrency and financial world in the country. In order to provide an important security to its users, Coinone has implemented two-factor authentication (2FA) for individuals to access their accounts. Moreover, the platform uses multi-signature wallets and stores users funds in cold storage devices.
During 2018, Coinone has decided to expand its operations in many different ways. Back in January, they launched a mobile application with enhanced security and an easy to use interface. Later in March, the company signed a Gold Sponsorship with Nexen. In April, Coinone became the first cryptocurrency exchange in Korea to expand its operations overseas. The exchange established a new branch in Indonesia. Additionally, it started to list Omisego (OMG) during the same month.
Values Of Coinone Crypto Exchange
Coinone is based on three different values:
- Trust: Coinone prioritizes transparency and honesty for making businesses. The intention is to build a financial environment where each and every individual can trust each other.
- Innovation: The Cryptocurrency environment needs constant actualization and development. This is why, Coinone always takes the lead in making changes and challenges. Coinone wants to innovate in all areas of finance and led the ecosystem to the future.
- Professionalism: The two previous values are not able to be carried out without a professional team of experts working day after day in making Coinone a great platform. As a pioneer of the blockchain ecosystem, Coinone leads the blockchain industry with in-depth analysis performed by the most decorated experts.
Coinone Exchange Features
Coinone is a leader in the cryptocurrency exchange market with a selective listing of cryptocurrencies and operating with a professional blockchain research team. It is not just an exchange, but Coinone provides cryptocurrency and monitoring reports for investors all over the world.
The South Korean exchange provides a trading platform with superior UI/UX that includes a trademark market monitoring chart that has been popular among market watchers. The exchange is also equipped with a stock MTS-level security solution that allows for safe and quick trading. And if you are a frequent user, you will be able to trade with the mobile application anytime and anywhere.
Coinone works constantly to improve users’ security when they use the platform. It is the first Korean crypto exchange that has obtained a cyber-liability insurance contract, employee professional consultants to regularly monitor various structural security levels, and deploy a 24-hour security control service to perform real-time risk monitoring.
In addition to these features, Coinone’s mobile app allows users to trade at any time and with a transaction and price notification service. The application maintains a top-class security level by deploying various authentication methods such as USIM, biometric, and non-face-to-face verification.
The exchange does not charge fees on deposits – regardless of the methods of payment. Other platforms are charging between 2-10% when the user deposits fiat currencies. Furthermore, the exchange offers competitive trading fees with a maximum of 0.1% trading fee. Withdrawal fees are just okay, as most of the platforms in the market.
The platform offers margin trading to the most experienced users. The maximum leverage ratio is 1:4, which allows investors to borrow coins from other traders and obtain higher returns. Of course, it is a very risky way of investing and it is always recommended to invest what the user can afford to lose.
Coinone does not offer the possibility to trade cryptocurrencies against each other. Users can only buy and sell the listed virtual currencies for KRW.
Final Thoughts On Coinone Cryptocurrency Exchange
Coinone is an established cryptocurrency exchange in Korea that has an important focus on security. Users can feel safe while using the platform – it is important to mention that there are no important security complaints from users. It offers the possibility to deposit fiat currencies (just Korean won), and it has over 10 different cryptocurrencies available for trading.
For professional investors, the exchange offers margin trading with a maximum leverage ratio of 1:4.