Coinone Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Coinone trading signals. You will learn what kinds of trading signals Coinone offers and what the conditions for using them are.
Short introduction of 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.
| 💰 Account currency: | Cryptos, currencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:4 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, South Korean won |
| 💹 Margin Call / Stop Out: | No |
Coinone Pros and Cons
👍 Advantages of trading with Coinone:
•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.
👎 Disadvantages of Coinone:
•only Korean won is presented as fiat funds;
•no referral program;
•lack of demo accounts and guides that are crucial for newbies.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Coinone Trading Signals
Coinone Exchange charges trading fees. The amount of fees depends on the trader's trading level. The trading level is determined by the trading volume. Please note that trading volumes are counted in South Korean won only. At a basic level, the fee is within 0.03% and 0.1%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.1% per order | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Coinone does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.