Coinone

Coinone is one of South Korea's four KoFIU-registered VASP exchanges, operating under government-mandated AML and KYC rules with a licensed real-name bank account. Security measures include mandatory 2FA, cold storage for the majority of assets, multi-signature wallets, anti-phishing codes, IP whitelisting, and ISMS certification from KISA. The exchange has not experienced a hot-wallet hack since its 2014 founding, though a 2019 court case found it partially liable for a credential-compromise incident affecting one user.

Yes. Coinone holds a VASP registration with the Korea Financial Intelligence Unit (KoFIU) under the Act on Reporting and Using Specified Financial Transaction Information. It also holds KISA ISMS certification, a technical prerequisite for registration. Coinone is one of only four exchanges — alongside Upbit, Bithumb, and Korbit — granted KoFIU registration with a real-name bank account, making it among the most tightly regulated crypto exchanges in South Korea.

No. Coinone is exclusively available to South Korean residents. KYC verification requires a Korean resident registration card or driver's license, and account funding relies on Kakao Bank real-name verification. All trading pairs are denominated in Korean Won (KRW), with no support for other fiat currencies. Non-Korean nationals cannot complete identity verification and are unable to open an account.

Yes, Coinone offers staking through its Coinone Plus program. Supported assets include Ethereum (ETH), Solana (SOL), Cosmos (ATOM), Polkadot (DOT), and Kaia (KAIA), with APRs ranging from around 3.88% on ETH to up to 16.34% on ATOM. In August 2025, Coinone also launched South Korea's first Bitcoin staking service using the Babylon protocol with no lock-up period.

Coinone does not publish ongoing cryptographic proof-of-reserves audits. A one-off financial reserve audit by Korean accounting firm DongHaeng was disclosed in October 2022, but Coinone has not adopted a regular Merkle-tree-based PoR programme. Users must rely on KoFIU regulatory obligations and the licensed banking partner relationship for solvency assurance, rather than independently verifiable on-chain attestations.