Coinone vs SimpleSwap

Coinone3.2/5

VS

SimpleSwap4.1/5

Feature	CoinoneVisit	SimpleSwapVisit
Ratings
Our score	3.2/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	3.0	3.0
Security & trust	3.0	4.0
Asset selection	3.5	5.0
Ease of use	3.5	4.5
Support	3.0	4.0
Specs
Markets	Spot	Spot
Coins listed	Not disclosed	2,800
Fiat deposit methods	Not disclosed	Card
KYC required	Yes	No
Accepts US customers	No	Not disclosed
Mobile app	Not disclosed	Yes
Licenses & registrations	South Korea FIU VASP	Not disclosed
Security features	Not disclosed	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	No	No
Copy trading	No	No
P2P market	No	No
Referral program	Not disclosed	Yes
Company
Founded	2014	2018
Headquarters	South Korea	—
Investors	Korea Investment & Securities, OKX Ventures	Not disclosed
Strengths and weaknesses
Pros	Registered VASP regulated under South Korea's Financial Intelligence Unit Backing from OKX Ventures and Korea Investment & Securities totaling $106 million Over a decade of operating history dating back to 2014 REST and WebSocket APIs for automated trading	No account registration required for standard crypto-to-crypto swaps Non-custodial model delivers converted assets directly to personal wallets Extensive catalog covering more than 2,800 cryptocurrencies Choice between fixed guaranteed rates and floating market rates
Cons	Restricted primarily to South Korean residents with local bank verification Fined 5.2 billion won in April 2026 for anti-money laundering compliance breaches No futures, options, margin trading, or leverage offered Centralized custody model exposes user deposits to counterparty risk	Built-in exchange spreads can exceed traditional spot order-book trading fees Transactions flagged by automated AML risk scoring trigger sudden KYC holds No order books, limit orders, futures, or margin trading Fiat purchases rely on third-party processors with separate fees and verification
Best for	South Korean retail spot traders, Algorithmic traders using KRW pairs, Investors requiring local banking integration	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

More comparisons