Coinone Launches 'Early Bird Fee Service'

Discount up to the limit amount for 30 days
when transaction fees are prepaid

Coinone, a virtual asset exchange, announced on the 30th that it launched the ‘Fee Early Bird Service’ on the 29th, which allows users to pay virtual asset trading fees in advance and enjoy discounted benefits depending on the amount.

The Fee Early Bird is a new service that offers up to an 82% discount compared to the basic fee rate (0.2%) for 30 days within a limit amount when virtual asset trading fees are prepaid.

Coinone provides a total of five Fee Early Bird products ranging from a minimum of 1,000 KRW to 350,000 KRW. Depending on the product, trading fees can be discounted from a minimum of 50% up to a maximum of 82%. The transaction limit amount eligible for the discount also varies from 1 million KRW to 1 billion KRW. Customers can choose the product that best suits their monthly trading frequency and scale. Multiple products can be purchased simultaneously.

When purchasing an Early Bird product, the corresponding amount is deducted from the held KRW balance, and the Early Bird trading fee discount benefit is applied for up to 30 days until the limit amount is exhausted. If the 350,000 KRW product is purchased in advance, virtual assets can be traded at the industry’s lowest fee of 0.035% up to a limit amount of 1 billion KRW. However, any unused amount within the period will expire.

Cha Myung-hoon, CEO of Coinone, stated, "As the number of virtual asset investors increases, the types of users, such as investment amounts and frequency, are diversifying. Accordingly, we have introduced a new trading fee service that provides a reasonable fee structure suitable for this and expands customer choice."