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Coinnest

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About Coinnest

Overview

It is not a very big one, compared to the large Korean exchanges like Bithumb, Coinone, Korbit, etc., but still its recent daily trading volume exceeds USD100 mln. It would be interesting what would be the fate of the Korean exchanges, if and when the government finally makes up its mind on the local cryptocurrency platforms and the possible ban on trading, considering that South Korea is the second largest cryptocurrency market in the world.

Features

Lots of Coins. Coinnest offers a wide selection of cryptocurrencies for trading: Bitcoin and all its spinoffs – BCH, BTG, BCD, ether, ether classic, WTC, HSR, QTUM, NEO, INK, TRON, TSL, ENT, ADA, GAS, MCO, KNC, BT2, BT1. They can be traded for Korean Wons.

Low Fees. Coinnest’s trading fee is 0.1%, which is relatively low. Additionally, there is no deposit fee – neither for fiat, nor for cryptocurrencies. The withdrawal fee is very small – 1000 KRW (Around USD 1) or 0.1% in cryptocurrencies.

Mobile App. Coinnest has a mobile application for iOS and Android devices that can be used for trading and offers charts, notifications and other features.

Good Platform. Unlike most exchanges, Coinnest offers a proper trading platform and charts with indicators and charting and analysis tools. There is also an order book and order history.

Key data

data refreshed every 10 minutes
Trading pairs27
Founded2017-03-27T00:00:00.000000Z

Coinnest is a centralized cryptocurrency exchange (CEX) that was founded in 2017. It is one of the trading platforms that emerged during the boom of crypto exchanges in Asia. This page gives you a quick overview of what the exchange is and what to keep in mind before using it.

Frequently asked questions

What is Coinnest?

Coinnest is a cryptocurrency exchange launched in 2017. It offers a platform for buying, selling and trading digital assets. Like most exchanges of its generation, it focuses on spot trading.

Is Coinnest centralized or decentralized?

Coinnest is a centralized exchange (CEX). This means users' funds and order matching are managed by the platform itself, rather than through on-chain smart contracts. As with any CEX, this comes with counterparty risk to consider.

When was Coinnest founded?

The exchange was founded in 2017, during a period when a large number of new crypto trading platforms appeared. Its age can be a useful signal when evaluating its track record. Always check the exchange's current operational status before depositing funds.

What should users pay attention to when using Coinnest?

Check whether the exchange is currently active and whether it supports your jurisdiction, as smaller platforms may change their status over time. Review fee structures, withdrawal limits and available liquidity before trading. It's also wise not to keep large balances on any centralized exchange.

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