Coinone review
Coinone is the Korean exchange for people who bank with Kakao, and its fee schedule rewards volume more steeply than its larger rivals.
As with every Korean platform offering won pairs, access starts with the bank. Coinone's real-name partner is Kakao Bank, the internet bank many younger Koreans already use as their primary account. That pairing is the practical qualifier: no Kakao Bank account, no won deposits.
It is registered with the Korea Financial Intelligence Unit as a Virtual Asset Service Provider. The main market charges a flat 0.2 percent, which is well above Upbit and Bithumb, but taker fees tier down from 0.1 percent to as low as 0.02 percent with volume. For an ordinary buyer the number that applies is the higher one; for someone trading regularly the schedule becomes competitive quickly.
Coinone has operated since 2014, making it one of Korea's longest-running exchanges. Capital gains tax on crypto remains postponed rather than repealed nationally, so keep purchase records whichever platform you use.
- Founded
- 2014
- Headquarters
- Seoul, South Korea
- Fees
- A flat 0.2 percent on the main market, with taker fees tiering down from 0.1 percent to 0.02 percent on volume. Requires a Kakao Bank real-name account.
- KYC
- Required
- Payment methods
- Local bank transfer
- Status
- Operating
How you can pay on Coinone
Every deposit rail Coinone supports in at least one market. Which of them you can use depends on your country; the country guides below list the exact methods per market.
- Domestic bank rail
- Local bank transfer
As published by Coinone: Real-name KRW bank account.
Pros and cons
What works
- Partnered with Kakao Bank, which many younger Koreans already use as their main account
- Taker fees fall to 0.02 percent at volume, the steepest discount schedule of the major Korean platforms
- KoFIU-registered and operating since 2014, one of Korea's longest-running exchanges
What to watch
- The flat 0.2 percent main-market rate is four to five times what Upbit and Bithumb charge
- The cheap taker tiers require volume most personal buyers will never reach
- Requires a Kakao Bank real-name account specifically, so your bank decides your access
Fees in detail
- maker
- Flat 0.2 percent on the main market
- taker
- Tiered from 0.1 percent down to 0.02 percent by volume
- spread note
- The headline 0.2 percent is what most ordinary buyers pay; the cheap tiers need trading volume to reach.
- deposit note
- Won deposits require a real-name account at Kakao Bank, the designated partner.
- withdrawal note
- Won returns to the linked Kakao Bank account; bitcoin withdrawals to self-custody are supported.
Where we recommend Coinone
Countries where Coinone ranks in our local guide. Availability beyond these is possible but unverified by us.
South KoreaFrequently asked questions
Which bank does Coinone use?
Kakao Bank. Korean rules require each exchange to verify customers through a real-name account at one designated partner bank, so a Kakao Bank account is the prerequisite for won deposits here.
Is Coinone expensive?
At the entry tier, yes: a flat 0.2 percent against 0.04 percent at Bithumb and 0.05 percent at Upbit on won markets. Taker fees drop to 0.02 percent at volume, but most personal buyers pay the headline rate.
Is Coinone registered in Korea?
Yes, with the Korea Financial Intelligence Unit as a Virtual Asset Service Provider, which is the registration required to offer Korean won trading pairs.