Coinone account opening

  • Ultima actualización: 26/08/2024
Opening an account on Coinone can seem daunting, but you’ve come to the right place. Here, you’ll find a clear, step-by-step guide to help you navigate the process effortlessly, ensuring you can start trading and investing in cryptocurrencies with ease. Whether you’re a beginner or an experienced trader, our comprehensive instructions will get you up and running quickly. Let’s dive into the details and unlock the potential of your crypto journey with Coinone!

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Quick overview of how to create Coinone account

First of all, click on the button to start the account opening process.

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  1. Provide Personal Information: Fill in your name, email address, password, and country of residence. Accept the terms and conditions to proceed.
  2. Email Verification: Check your email for a verification link from Coinone. Click the link to verify your account.
  3. Phone Verification: Enter your phone number and complete the verification process. Note that a Korean phone number is required.
  4. Complete KYC Verification: Submit personal identification documents to complete the KYC process. This is mandatory for withdrawing funds and increasing transaction limits.
Key Points:
  • KYC Requirement: Yes, KYC is required for full account functionality.
  • Legality in the USA: Coinone does not operate in the United States.
  • Supported Countries: Available predominantly in South Korea and some other Asian countries, but requires a Korean phone number for full access.

Step-by-step video on how to create an account on Coinone

Detailed Process for Opening an Account on Coinone

  1. Visit the Coinone Website:
    • Go to the official Coinone website.
    • Change the language to English by selecting “EN” in the top right corner if needed.
  2. Create an Account:
    • Click on the “Sign Up” button.
    • Enter your email address, create a strong password, and select your country of residence.
    • Accept the terms and conditions and click “Create Account”.
  3. Verify Your Email:
    • Check your email inbox for a verification link from Coinone.
    • Click on the link to verify your email address.
    • Log in to your Coinone account after verification.
  4. Phone Number Verification:
    • Enter your phone number for additional verification. Note that a Korean phone number is required for full verification.
    • Enter the verification code sent to your phone to complete this step.
  5. Complete KYC (Know Your Customer) Verification:
    • Navigate to the account settings or verification section on your Coinone dashboard.
    • Provide personal identification documents such as a passport or national ID card.
    • Submit proof of address if required.
    • Follow the on-screen instructions to upload the documents and complete the verification process.
  6. Link a Payment Method:
    • Link your bank account or preferred payment method for deposits and withdrawals.
    • Coinone supports bank transfers, but note that only accounts with the Korean bank Nonghyup are fully compatible.

Different Types of Accounts on Coinone

  1. Basic Account:
    • Description: The entry-level account for all users.
    • Features: Allows for basic trading functionalities, limited withdrawal limits, and access to a smaller range of trading pairs.
    • Verification: Requires basic KYC verification, including email and phone number verification.
  2. Advanced Account:
    • Description: An upgrade from the Basic Account, offering enhanced features and higher limits.
    • Features: Access to more trading pairs, higher withdrawal limits, and eligibility for margin trading.
    • Verification: Requires full KYC verification, including submission of personal identification documents and proof of address.
  3. VIP Account:
    • Description: Designed for high-volume traders.
    • Features: Offers the highest trading limits, reduced fees, and access to Coinone’s PRO services, including advanced trading tools and dedicated customer support.
    • Eligibility: Requires a minimum monthly trading volume of 3 billion KRW (approximately 2.5 million USD).
    • Verification: Full KYC verification and additional criteria as determined by Coinone’s compliance team.
  4. Institutional Account:
    • Description: Tailored for corporate entities and institutional investors.
    • Features: Customizable trading solutions, dedicated account managers, and advanced reporting tools.
    • Verification: Comprehensive KYC process, including corporate documents and verification of authorized personnel.

Minimum Deposit Requirements on Coinone

  • Fiat Currency Deposits: Coinone only accepts deposits in Korean Won (KRW) through bank wire transfers. There is no minimum deposit requirement specified for fiat currency deposits. However, users must have a verified account with Nonghyup Bank to deposit KRW.
  • Cryptocurrency Deposits: Coinone does not impose a minimum deposit amount for cryptocurrencies. Users can deposit any amount of supported cryptocurrencies into their Coinone account without any restrictions on the minimum value.

Fees:

  • Fiat Deposits: Typically, Coinone does not charge any fees for depositing KRW, but users should check with their bank for any applicable wire transfer fees.
  • Cryptocurrency Deposits: Deposits are free of charge, but users will need to pay the network fee associated with the blockchain transaction.

Countries Eligible to Open a Coinone Account

Eligible Countries:

  • South Korea: Coinone primarily serves users from South Korea, offering full functionality and support for all its features.
  • Other Asian Countries: Users from certain other Asian countries can access Coinone, but they might need to fulfill specific criteria, such as having a Korean phone number and a bank account with Nonghyup Bank for full functionality.

Restricted Countries:

  • United States: Coinone does not allow users from the United States to open an account or use its services.
  • Other Restricted Countries: Coinone is not available in Afghanistan, Haiti, Iran, Iraq, Jordan, Kazakhstan, Kosovo, Lebanon, Libya, Macau, North Korea, Palestinian Territories, Panama, Sierra Leone, Syria, and Yemen.
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