Coinone Review 2025

Coinone supports 250+ cryptocurrencies with Kakao Ventures and Daily Financial Group as its funders. Maker and taker fees range from 0.0% - 0.1% and 0.02% - 0.1%, respectively.

You can earn rewards of up to 3.88% per year on your ETH assets with Coinone exchange.

Coinone; An Introduction to the Crypto Exchange

Coinone Inc. is a centralized cryptocurrency exchange founded in 2014 in Seoul, South Korea. The company is registered as a Virtual Asset Trading Service Provider.

Led by CEO Myunghun Cha, the platform was ranked 2^nd among global virtual asset exchanges in 2017. Key features of Coinone:

• Earn program
• More than 250 cryptocurrencies
• KRW trading pairs
• ISO-certified

Coinone Exchange Table of Specifications

The Crypto exchange ranked second in global Ethereum trading volume in 2017. Let’s see what features have made Coinone so special.

Does Coinone Offer User Levels?

Coinone’s tiered user level system ranges from LV 1 to LV 9, based on monthly trading volume. Users in higher tiers benefit from reduced fees and enhanced services.

The exchange evaluates user levels on a daily basis at 00:00 GMT+9.

Trading and Non-Trading Fees

Coinone exchange offers a flat fee of 0.2% for most Spot market trades. However, traders at higher user levels enjoy reduced fees.

• Makers Fee: From 0% to 0.1%
• Takers Fee: From 0.02% to 0.1%
• Withdrawal Commission for BTC: 0.0015 BTC
• KRW Withdrawal Charge: 1,000 KRW
• No deposit fees

Listed Cryptocurrencies on Coinone

The exchange supports 250+ digital assets in its spot market. The base currency for all trading pairs is KRW.

Some of the most popular crypto tokens listed on Coinone:

• TRUMP
• XRP
• BTC
• SUI
• PEPE
• TRX
• FIL
• USDT
• SOL
• ETH
• DOGE
• UXLINK
• OM

Account Opening and KYC

To register with Coinone, you must be at least 19 and complete the KYC procedure. In this Coinone review, we’ll explore the two methods for the KYC procedure: Opening an account with Kakao Bank or verifying your phone number.

1. Navigate to Sign Up on the exchange’s official website;
2. Accept the terms and click “Start”;
3. Enter your email address;
4. Set a strong password;
5. Verify your email address;
6. Open the Coinone app on your mobile;
7. Login to your account using the credentials;
8. If you select “Authenticate with Kakao Bank”, you’ll be redirected to the bank’s website to open an account and verify it by providing a resident registration card or driver's license;
9. If you select “Verify mobile phone”, you must provide the 6-digit code sent to you via SMS and then upload your resident registration card or driving license;

• Send 1 Won to your Coinone account to activate it.

Coinone Exchange Application

The company provides its clients a proprietary WebTrader and mobile application with access to TradingView indicators and charts. The mobile application is available across two operating systems, including:

• Android
• iOS

Security Factors

Coinone founder and CEO, Myunghun Cha is a white hat hacker who developed the exchange’s security system.

He has won multiple prizes in DEFCON CTF Codegate hacker tournaments. The platform’s measures to protect user data and funds:

• Two-Factor Authentication (2FA): Adds an extra layer of security;
• Multi-Signature Wallets: Enhances cryptocurrency storage safety;
• Cold Storage: Majority of user funds are stored offline to prevent cyberattacks;
• Anti-Money Laundering (AML): Implementing a Dedicated AML Center and the CODE system for compliance with the FATF travel rule;
• Zero Hacks: Coinone has maintained a flawless record of no external breaches since its launch in 2014.

Deposit and Withdrawal

The platform supports fiat and cryptocurrency payment methods. While the supported digital assets for deposits and withdrawals are vast, KRW is the only fiat option. Important notes:

• KRW can be withdrawn to a linked bank account for a 1,000 KRW transaction fee;
• The only method for KRW deposits is bank transfer.

Coinone Reviews

While the platform is one of the biggest crypto exchanges in South Korea, it hasn’t performed well in users’ eyes.

All reviews on Coinone TrustPilot profile are negative and 1-star. The main issues in the comments are withdrawal refusal and hidden fees.

Copy Trading and Growth Plans

While the Coinone exchange doesn’t provide copy trading and social trading services, it offers various programs for earning passive income.

Coinone Plus

• Daily: rewards on your crypto holdings on a daily basis with APR of up to 6.97% on assets like Solana, Kaia, Ethereum, and Polka Dot
• Staking: APR of up to 16.34% for staking Cosmos and 3.88% for locking Ethereum

Coinone Auto Trading

Zenport Robo advisors with the following features:

• Strategy Customization with 100 indicators
• Targeting 200 coins on the 15-minute time frame
• 24/7 trading

Writer’s opinion and conclusion

Coinone provides a crypto spot trading platform offering various promotions, including up to 200,000 Won bonus on BTG deposits and a 60,000 Won gift for new users’ first transactions.

The platform supports Crypto payments as well as KRW withdrawals (with a 1,000 Won transaction fee). While the exchange is well regulated, there are negative Coinone reviews on TrustPilot resulting in a poor trust score of 2.1 out of 5.