coinone exchange wallet address

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What is coinone exchange?

Coinone Exchange is a South Korean cryptocurrency exchange which is registered in Seoul as Coinone Inc. Coinone was founded by Myunghun Kevin Cha in February 2014. Currently, KRW (South Korean Won) is the only fiat currency that can be stored and exchanged on the cryptocurrency exchange.

Where is coinone based?

The exchange is based in Seoul, South Korea. The project was conceived in 2014, but the exchange officially launched in 2015. Coinone also opened one branch in Malta, but it was closed due to undisclosed reasons. Who created Coinone? The Coinone security system was created and designed by Myunghun Cha – a computer science graduate from Postech.

Is coinone a scam?

Probably not! Coinone is a Korea-based exchange and predominantly supports South Koreans. Furthermore, Coinone verifies bank accounts before withdrawals, and the only accepted bank is Nonghyup. Additionally, Coinone doesn’t have FINRA or SEC licenses – the essential financial requirements to exchange regulation in the US.

Do you need a bank account to use coinone exchange?

The last one, bank account verification, is also required for you to participate in the chat feature on the exchange’s website. Coinone exchange predominantly supports South Korean residents. Even though users can come from other Asian countries, they need to have South Korean roots to enjoy the full services of the exchange.

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