Coinone Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary based on the Coinone Core
- The most popular cryptocurrencies, fiat won, proprietary trading terminal, profitable investment in staking and P2P lending, low fees
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary based on the Coinone Core
- The most popular cryptocurrencies, fiat won, proprietary trading terminal, profitable investment in staking and P2P lending, low fees
Our Evaluation of Coinone
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Coinone is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.56 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Coinone clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Coinone exchange is designed to take into account the specifics of the Asian cryptocurrency market. It is convenient and reliable and characterized by high trading volumes. It has its proprietary terminal and not a typical TradingView platform like the vast majority of its competitors. Even at the basic trading level, the fees are low — no more than 0.1%. There is an integrated news service, analytics, and significant leverage. However, when working with the exchange, some problems may arise. For example, you need a phone number registered in Korea to confirm the data.
Brief Look at Coinone
The Coinone exchange is a renowned platform for buying, selling, and exchanging cryptocurrencies in the Asian market. Bitcoin, Ethereum, Ripple, Litecoin, USDT, Klaytn, Celeb, and other crypto assets are traded on it. Only the South Korean won represents fiat money. The site has its proprietary trading terminal, developed from scratch based on Coinone Core. There are three services — simplified, professional trading, and lightning-quick exchange. The leverage is 1:4 and is available for margin trading. The company recently released its proprietary mobile trading application. Staking is available to users of the platform as a way to generate passive income. The fees are below average for the segment, depending on the trading volume. The exchange does not offer referral programs, demo accounts, or training guides.
- the most popular cryptocurrencies are traded on the exchange;
- the proprietary trading terminal has extensive functionality;
- top-notch protection of user funds and data;
- mobile application with a convenient, intuitive interface;
- a vast array of staking programs from which to choose;
- the ability to provide loans to other traders;
- leverage of 1:4 is available for margin trading.
- only Korean won is presented as fiat funds;
- no referral program;
- lack of demo accounts and guides that are crucial for newbies.
TU Expert Advice
Financial expert and analyst at Traders Union
The Coinone cryptocurrency exchange has been operating since 2014, and is registered in South Korea. It provides a vast array of crypto trading and cryptocurrency exchange services. The key feature of the site is its focus on Korean residents. However, no restrictions are imposed on residents of other countries. The difficulty may arise only with registration since a telephone number registered in Korea is required to confirm the data.
The exchange is developing steadily, as new assets and functions are constantly being introduced. Traders note the convenience of the proprietary trading terminal, which was developed based on the Coinone Core matrix. It is similar to TradingView, but with simplified functionality and several integrated services. The mobile application is based on the web version, so the functionality is the same.
All major cryptocurrencies are traded on the exchange. Of the fiat, only the Korean won is represented, which may be a limiting factor for some traders. On the other hand, the site has objectively low fees starting at 0.1% at the base trading level. The plus for beginners is that the site does not set a minimum deposit. But there are no guides or demo accounts, and this can be viewed as a relative disadvantage.
According to the results of expert testing, the site was assessed as stable, no technical errors were noted. Also, we did not find any evidence of fraud or non-fulfillment by the exchange of its obligations to users. The site is rated as progressive, and is convenient for active traders and investors.
- You are located in South Korea, as Coinone is a South Korean cryptocurrency exchange and is well-suited for users in that region. Being locally based can offer advantages such as better integration with local banking systems and compliance with local regulations.
- You want to trade a wide variety of cryptocurrencies, as Coinone supports over 200 digital assets, providing you with access to a diverse range of cryptocurrencies for trading.
- You are located outside of South Korea, as Coinone has limited international support and may not be available in your region.
- You are a beginner, as the platform can be somewhat complex for new users, and the lack of English support might be a barrier. If you are new to cryptocurrency trading and prefer a more user-friendly platform with comprehensive English support, you may find other exchanges more suitable for your needs.
Coinone Summary
| 💻 Trading platform: | Proprietary based on the Coinone Core |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos, currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:4 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, South Korean won |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | The most popular cryptocurrencies, fiat won, proprietary trading terminal, profitable investment in staking and P2P lending, low fees |
| 🎁 Contests and bonuses: | Not indicated |
The Coinone cryptocurrency exchange does not list a minimum deposit. To trade on the site, you just need to register and confirm the data. Traders determine the amount and input channel themselves. Leverage (up to 1:4) is provided for margin trading. Funds for leverage are taken from the general fund in which users of the site invest. The technical support service is available without interruption at the time indicated above via the online chat, the ticket system, and by email. The company also has a call center, the multichannel number is indicated in the footer on the website.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 0.1% per order | No |
The fee can be reduced by increasing the trading level. Users can also purchase a VIP package on individual terms (they are discussed in the corresponding section of the site). With this package, fees will be reduced by default to 0.03%/0.04% for the maker/taker at the first trading level.
| Broker | Average commission | Level |
|---|---|---|
|
$0.1 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Coinone exchange offers two options for earning a return on investment. The first option is classic staking. The company has partnered with several well-known blockchain projects such as Tezos XTZ and Cosmos Atom. These projects need to borrow funds, which users of the site can provide. In return, the blockchain platform pays interest to the investors.
New programs are regularly being added to the pool. You can choose any of them and make a deposit. Please note that all programs are limited in time. As soon as the project has collected the required amount within the framework of a cryptocurrency loan, the program is closed. It is more profitable to invest in programs that are still far from completion, so you will receive more payments. The interest rate varies, on average up to 8%.
To select a program, go to the "Plus" section of the website. There you will see a list of available programs needing to borrow money. For each of them the following information is provided:
required cryptocurrency;
minimum deposit;
duration of the program;
interest rate;
whether it is possible to cancel the transaction;
whether it is possible to withdraw the deposit.
Some programs allow you to withdraw a deposit or part of it at any time — a user can leave several programs at his own will before their completion. Often, to motivate investors, Coinone Exchange provides additional bonuses for participating in popular programs.
The second investment option is technically no different from staking, where you also make a fixed deposit and receive interest payments. The difference is that you do not invest in blockchain projects, but provide loans to other users of the site. The funds are used to provide leverage
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Coinone’s affiliate program
There is no active referral program on the Coinone platform. Users can earn exclusively by buying and selling cryptocurrencies, as well as investing. Some traders believe that the lack of a referral program speaks in favor of the site. This means that it is popular and does not need to further motivate traders to attract new partners.
User Satisfaction