Coinone, 'Voucher' Service Offering 0.04% Discount on Transaction Fees

Coinone, 'Voucher' Service Offering 0.04% Discount on Transaction Fees

Point refunds also provided based on transaction volume

Virtual asset exchange Coinone announced on the 3rd that it has launched a 'voucher' service that lowers transaction fees to 0.04%.

If a voucher is issued through the newly established voucher tab on the Coinone app and web, a 0.04% fee will be immediately applied to all types of transactions. Coinone explained that this is the lowest rate among domestic virtual asset exchanges.

In addition, for the stablecoin Tether (USDT), maker transactions (placing buy or sell orders on the order book) will be free of charge.

However, the fee discount only applies to transactions directly ordered and executed on the Coinone app and web. It does not apply to automated transactions using APIs (Application Program Interfaces) such as smart trading, Coin Collect, or Coin Loan repayments.

Customers who register for the voucher will also receive a refund benefit in Coinone Points based on their transaction amount.

Based on cumulative transaction amounts over 30 days after registration, Coinone Points are provided at differentiated rates for each tier: ▲ 100 million KRW to less than 1 billion KRW (0.008%) ▲ 1 billion KRW to less than 10 billion KRW (0.01%) ▲ 10 billion KRW to less than 100 billion KRW (0.015%) ▲ 100 billion KRW or more (0.02%).

The voucher service is provided for 30 days, and vouchers can be reissued an unlimited number of times. Reissue is possible starting 7 days before the benefit expires, and upon reissue, the period is automatically extended for 30 days from the original expiration date.

Cha Myung-hoon, CEO of Coinone, stated, "We will create an investor perception that 'investors can enjoy the industry's lowest transaction fees and maximum fee benefits at Coinone'."