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Coinone: The future of your finances is here!

Safety and security are two of the most important things to prioritize when you are looking to entrust your finances to an exchange site where bulk trading activities occur every day. By providing crypto users security, crypto exchange sites allow users to buy, trade and sell their digital assets without worrying about scammers and hackers. 

It is for this reason that Coinone became one of the top exchange platforms in South Korea. Coinone uses technology that ensures safety for its clients’ accounts and funds. It is also known for its exceptionally user-friendly interface that allows you to navigate the site with ease, as well as multiple coin options that are not limited to the top cryptocurrencies. 

Get to know more about Coinone and the features that made it the top-recommended crypto exchange site in Korea!     

What is Coinone?

Coinone is an exchange platform founded in South Korea by Myunghun Kevin Cha. It began operations in 2014 and progressively became one of the trusted platforms when it comes to crypto exchange. In fact, it comes second only to Bithumb, Korea’s most popular crypto exchange site. Coinone is a unique site that doesn’t just let its users store crypto, but also allows them to trade and store their South Korean won. 

Its user-friendly interface makes trading crypto easier for the people of South Korea and other Asian countries. For this reason, it landed itself in 10th place in the list of exchanges with high trade volume in Asia. However, Coinone doesn’t support crypto to crypto exchange and only allows fiat to crypto trades. 

The exchange rate on this platform is also noticeably lower than the global industry average of 0.25% per exchange. Instead, what it has is a flat rate of 0.10%.    

Features of Coinone

Coinone has plenty of features that would be beneficial for the users. Check them out below:

Payment method

As an exchange platform centred on crypto, Coinone’s main payment options are crypto deposits. However, they also accept Korean Won through bank transfers. As of writing this article, there is no other fiat recognized by the platform. Moreover, it doesn’t accept deposits from debit or credit cards. 

Wallet

Coinone has a wallet service that allows its users to store their tokens. After you purchase your cryptocurrency, you have the option to trade it, send it to another wallet or keep it safe in your Coinone wallet until you are ready to liquidate your coins. 

User Interface 

Coinone has an impressive interface that is easy to understand even for crypto novices. There is a Prochart tool in the platform that users can utilize to see an in-depth analysis of different currencies during a trade. This tool makes it easier for both veterans and newbies to select the best cryptocurrency to trade. 

Customer Support 

It is easy to reach out to customer service in Coinone. All you have to do is to send a message via email or phone. A representative will get in touch with you to guide you through your exchange or answer your questions about the platform. Additionally, Coinone has a dedicated support forum where you can see other users’ previous inquiries and check if your concern has already been answered before. 

Top 10 supported currencies

There are multiple cryptocurrencies available for trade in Coinone and this includes the major tokens in the crypto world. You can use your South Korean won and trade it with your preferred crypto token. Check out the top 10 cryptocurrencies supported by Coinone below: 

  • BTC
  • ETH
  • XRP
  • BCH
  • XLM
  • TMC
  • KLAY
  • LTC
  • BSV
  • EOS.

Mobile and desktop version  

Trading has never been this easy! Coinone makes sure that their users will experience a comfortable trade wherever they go by making their platform available on both mobile and desktop devices. Moreover, it is supported by iOS and Android so you can download the app on your smartphone for easy trading. 

Guide on how to sign in with Coinone

Before you can access the services of Coinone, you need to create an account first. Take note that the platform will be in Korean, but you have the option to change it to English. To access the features of the platform, you must give proof that you are a Korean citizen. A picture of your Korean passport will do. 

To better understand the sign-up process, check out the step by step guide below: 

Step 1: Visit the Official Coinone website

Google Chrome is the recommended browser by Coinone, so if you are going to search for their website be sure to use Chrome. Once you click on the website, you can change the language on the top right corner of the page. After that, click on the sign-up tab below the language option.  

Step 2: Create an account

Creating an account with Coinone is easy. First, you must consent to Coinone’s terms and policy. Once you are done reading the agreement, you can proceed to the info form where you will state your preferred email and password. Verify the CAPTCHA and click on the completion button. 

Step 3: Verify your email

An email will be sent to you by Coinone. Once you receive it, click the ‘verify your account’ button and it will redirect you to the site. After that, you are done! 

*If you are a foreign user, please note that Coinone is enforcing a strict barrier against off-shore users in accordance with the government’s move to tax virtual assets.  

How to purchase cryptocurrencies in Coinone

To purchase your cryptocurrency in Coinone, you need to click on the exchange tab located at the top right corner of your screen. Once you’re done, you can choose between margin trading, crypto trading, deposit or withdrawal to begin your transaction with Coinone. 

All the necessary information like the current price of each token and the exchange rate of the cryptocurrencies will be provided on the platform so make sure to review it first before proceeding with your transaction. A live order book is also shown on the screen to keep you updated on the latest activities of cryptocurrencies. 

Once you are sure with your trade, select the token that you would like to purchase and deposit the required amount through bank transfer. To check the status and history of your transaction, click on the transaction tab.

Experience safe and easy trading with Coinone!

Now that you have everything you need to know about Coinone, you can decide whether it’s time to sign up and start trading with one of the best platforms in South Korea. With the easy-to-navigate user-interface of this platform, trading crypto will be a piece of cake! 

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