Coinzest.co.kr With the world’s most authoritative certification and the world’s highest level of information protection management, Coinzest’s technology helps secure and convenient financial transactions” CoinZest is an exchange registered in South Korea that launched in June 2018. Accordingly, the exchange recently celebreated its 1 year-anniversary.
The exchange provides information on its parent company (Zest C&T Co., Ltd) and its CEO (Jeon Jonghee, Kim Seungyong) on its website. This is not in itself an indicator of quality, but an exchange that tried to scam people would probably not provide this information at all. So it is slightly comforting at least.
How To Start With Coinzest.co.kr
To start trading with Coinzest.co.kr , Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Coinzest.co.kr website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Coinzest.co.kr account.
CoinZest Trading fees
Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Each party to a transaction pay the same fee: 0.10% of the order value.
0.10% is below the industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead.
CoinZest Withdrawal fees
CoinZest charges a withdrawal fee amounting to 0.0015 BTC when you withdraw BTC. This is actually a bit above the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. CoinZest’s withdrawal fees are thus roughly 85% higher than industry average.
To understanding, you can actually deposit fiat currencies here. However, you can only do so via wire transfer and not via credit card deposits. By at all enabling fiat currency deposits, this exchange qualifies as a so called “entry-level exchange”. This means that new cryptocurrency traders can start off their trading career on the Coinzest.co.kr trading platform.
Two-Factor authentication is available here at Coinzest.co.kr, which is not surprising since the second requirement to get your account verified is an active mobile number. What we found interesting is not their ability to translate Korean to English with just one click, but their ability to be a multi-sig wallet as well. Yes, you read that right. The website is not just an exchange platform, but doubles as a wallet too!
Is it safe to use Coinzest.co.kr?
Coinzest.co.kr enforces two-factor authentication (2FA) to protect your account. So users have to verify that they actually are the account holder before they can log in. The use of 2FA means you get extra security against any hacking attempts. It also helps in decreasing the risk of identity theft.
Coinzest.co.kr Customer Support
You can get access to customer support at CoinDCX through a customised ticket system. To raise a query, enter your name, email address, write a brief description and one of the listed categories in a drop-down menu and submit the ticket.There is also a frequently asked questions (FAQ) section which addresses most basic queries. In addition, you can send an email at [email protected]Coinzest.co.kr.