Coinone Review 2024

Our veredict

Coinone is a well-established cryptocurrency exchange based in South Korea, catering primarily to Korean users but also accessible to a global audience with support for English. The platform offers a wide range of digital assets, including popular cryptocurrencies like Bitcoin and Ethereum, as well as various altcoins. Coinone is known for its robust security measures, including multi-signature vaults, two-factor authentication, and strict ID verification processes, making it a secure choice for crypto trading. The exchange also provides features like Coinone Swap for easy trading and Coinone Plus for staking, enhancing its appeal to both novice and experienced traders​.
However, there are some downsides to consider. The platform’s user interface is primarily designed for Korean users, which might be challenging for non-Korean speakers despite the English support. Additionally, the withdrawal fees are relatively high compared to other exchanges, and the platform supports a limited number of fiat currencies for deposits and withdrawals. Overall, Coinone is a solid choice for security-conscious traders looking to access a variety of cryptocurrencies, especially those interested in the Korean market.

Pros

Cons

3

Threenvest Score

Fees

0.10% (Maker), 0.10% (Taker)

U.S Legal

No

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose Coinone?

Choosing Coinone as your cryptocurrency exchange can be a wise decision due to several compelling reasons. Firstly, the platform is renowned for its robust security measures. Coinone employs multi-signature vaults, two-factor authentication, and a stringent ID verification process to ensure the highest level of security for users’ assets. The exchange’s proactive approach to security is a significant factor for traders who prioritize safety​.
Secondly, Coinone offers a comprehensive range of cryptocurrencies, including major coins like Bitcoin, Ethereum, and a variety of altcoins. This diversity allows traders to build a well-rounded portfolio and explore different investment opportunities within a single platform. Additionally, the user-friendly interface, combined with advanced trading tools such as Coinone Pro Charts, caters to both novice and experienced traders, making it a versatile choice for a broad audience.
Lastly, Coinone’s additional features enhance its attractiveness. The Coinone Plus feature allows users to earn passive income through staking, providing an opportunity for consistent returns without active trading. The platform also includes an NFT marketplace, adding another dimension to its service offerings. Despite some limitations, such as higher withdrawal fees and a primary focus on the Korean market, Coinone’s strong security, diverse asset support, and innovative features make it a reliable choice for cryptocurrency trading.
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EIP and Cryptocurrency Investor

As an expert on our site, I highly recommend Coinone for its robust security measures and comprehensive range of supported cryptocurrencies. The platform’s user-friendly interface is perfect for both beginners and experienced traders. Moreover, features like Coinone Plus for staking and an NFT marketplace add significant value, making it a versatile choice for anyone looking to explore and invest in the crypto market.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.