Coinone - Exchange Review

Early footing and regional focus

Coinone launched with South Korea in its DNA. Designed for clarity and utility, it offered KRW fiat deposits, a clean interface, and native margin trading. Founder Myunghun Cha - a noted white-hat hacker - built a platform focused on security and usability, quickly becoming one of the top three Korean exchanges alongside Bithumb and Upbit.

Tools and services - built for depth

Coinone’s toolkit goes beyond swaps. Spot trading pairs exceeding 200 assets, futures, institutional grade features, and staking options are available. Categories are segmented into simplified, professional, and lightning-quick modes, giving users control over complexity. It operates a local-fiat system - KRW via bank wire - with zero crypto deposit fees and flat maker/taker fees generally ranging from 0.0% to 0.2%.

Security, regulation, and trust

Coinone has stayed on stable ground - no major hacks reported since its inception in 2014. It enforces rigorous security in line with South Korean regulations: withdrawal restrictions on unverified external wallets, real-name KYC, ISMS compliance, and strong AML measures.

Usage metrics and accessibility

Recent 24-hour volume hovers in the tens of millions of dollars - with reports ranging from $52M to over $100M, led by USDT/KRW trades. Coinone serves a broad user base in Korea - overseas users can access it via English UI, but KRW-only deposits remain a barrier.

Risks and caveats

Despite its strengths, Coinone scores just 3.4/10 on some rating platforms - flagged as higher-than-average risk. Issues cited include withdrawal hiccups, verification barriers, and limited global accessibility. Only KRW is accepted as fiat, there are no referral programs, demo accounts, or educational tools - making it less friendly to new or global users.

Snapshot

Parameter Overview — Exchange Snapshot

Parameter	Overview
Start year	Founded 2014, launched 2015 in Seoul
Asset support	200+ tokens, dozens of trading pairs
Service tiers	Simplified, Professional, Lightning modes
Deposit fiat	KRW via bank transfer, no card support
Trading fees	Maker 0–0.1%, Taker 0.02–0.1%
Features	Spot, margin, futures, staking, mobile app
Security	No hacks, strong KYC/AML, verifiable wallets only
Volume (24h)	$50M–$100M+ KRW liquidity focus
Trust score	3.4 / 10 on select platforms
Global accessibility	Limited - best for domestic use

Final notes

Coinone is solidity carved into crypto. Strong security, clear focus, KRW infrastructure - it works well for Korean traders. If you live in Korea, it’s a reliable vessel. But globally? Fiat restrictions and regional tightening limit its appeal.

Accessible, regulated, and tried - yet niche. Not a global gateway, but a dependable South Korean anchor.