Coinnest is an example of the platform that was created to contribute to promotion of digital coins in Asia. National exchanges take their small niche among the local communities and do not want to acquire international fame. For instance, Turkish Bitcoin exchange Paribu has the same policy but targets Turkish customers.
This South Korean exchange can be used by any person though its specific is definitely Korean. The site was made to cater the needs of local users, and this feature makes the site stand out. It still provides service mainly for Korean users. The 24 hour trade volume of Coinnest shown on Coinmarketcap is 37.75 BTC and the third of all trades refers to BTC/KRW trading pair.
The customers should not worry about safety thanks to 2-factor authentication and SSL encryption. The service of online storage is well protected by advanced security mechanisms. They also guarantee instant payout when necessary. The platform can be accessed from any country of the world.
It is necessary to pass verification procedure to confirm the identity of the account holder.
Deposit to Coinnest using bank cards (credit/debit cards), cash or gift card.
There is public Coinnest API that does not require secret key when you want to get access to it. Additionally, there is private Coinnest API enabling full-privileged access.
In accordance with Coinnest news, integration of GAS/KRW market into the website has been implemented lately. The service is going to make Gas Drops due to it just like Kucoin and Binance.
The platform prefers to deal with informed customers therefore educates them. Clients regularly get Coinnest news so that they could adjust to the changes fast and had common notion about the situation on the market. The service delivers information about one day trade volume, fluctuation of price and the latest trends.
We tried to find Coinnest Twitter, Facebook or some other accounts in social networks. However, the platform is not presented in famous social networks. It is easy to find some information about Coinnest in Reddit threads.
The number of Coinnest currency pairs is high so customers are attracted by a good selection of cryptocoins. It also supports conversion of several trading pairs with fiat money, KRW, in particular. By the way, Coinnest was the first cryptoexchange, which included NEO to the list of coins traded. At present only Coinnest offers NEO for trading in South Korea.
Coinnest is a good place to convert Ethereum just like Etherdelta, but Ether takes just the forth place in volume there.
The site also has a mobile app developed to follow the events and trade on the move.
Coinnest app resembles Coinbase APK wallet, a free finance app for Android devices. It is possible to withdraw from Coinbase with it. Coinbase withdrawal became much easier for mobile users. Coinnest seems to follow their pattern.
National promotion of virtual coins leaves its mark and does not let platforms develop on the international crypto scene. If you have doubts concerning Coinnest, you can try these alternatives instead: