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Exchange Review
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why Coineal has received the inactive flag.


Exchange Fees

BTC Withdrawal Fee 0.000046 Taker Fee 0.15% Maker Fee 0.15%

Deposit Methods

No Wire Transfer No Credit Card

UPDATE 1 November 2021: Coineal stopped registration and identity verification for new users in mainland China on 27 April 2019, and will officially cease operations on 15 November 2021.

Accordingly, we have marked the platform as "dead" in our Exchange Graveyard

To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.

Coineal is a crypto exchange that launched in April 2018 and is from the nation of South Korea. 

Coineal proudly declares on its website that it has “independent operation centers” in both South Korea and China, and that it will “complete the layout” in the near future for countries such as Japan, Russia, Singapore and USA as well. Based on that statement, we do believe that US-investors may trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues due to their citizenship or residency.

The support at this exchange is open 24/7, and they also have its own token: the NEAL Token. When holding the NEAL Token, you as a trader receive discounts on the trading fees. You can receive tokens from “new qualified projects”. We assume that this only goes for projects that in fact get listed on Coineal though.

As a few of its advantages, Coineal lists that they have “bank level risk management”, “rapid trading” and “global outreach”.

Coineal Advantages

On the date of last updating this review (2 December 2021) the 24-hour trading volume had fallen from USD 98 million vis-a-vis USD 116.8 million on 21 March 2020. Although the sharp fall in barely 20 odd months is a bit concerning, the liquidity figure is still pretty decent compared to many other exchanges out there.

We have not been able to identify any members of the team behind the exchange on the exchange’s website. This is not a red flag per se, but it’s always nice to have names and faces on the creators of an exchange. The exchange itself states that the platform has been built by Chinese and South Korean “blockchain practitioners, cryptocurrency investors and technology geeks.” All of these people have allegedly also been heavily involved in the crypto space for some time and are deeply experienced.

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the trading views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at Coineal:

Coineal Trading View

Most crypto exchanges charge two different types of trading fees: taker fees and maker fees. The taker is the person who picks up an existing order from the order book. The maker, on the other hand, is the person who creates an order that is not immediately matched against an existing order on the order book. Makers are often rewarded for creating liquidity on the platform by a lower trading fee than takers. Exchanges that do not make a distinction between takers and makers charge what we call “flat fees”. Coineal charges 0.20% for both takers and makers.

According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is currently 0.221% and the average spot trading maker fee is currently 0.178%.

Compared to those average trading fees, Coineal's taker fee is less than the industry average and the maker fee is above the industry average.

There are a few exchanges out there that have competitive trading fees but then disappoint you when you’re withdrawing crypto by charging excessive withdrawal fees. Luckily for investors interested in trading at Coineal, however, this is not an issue here. To our understanding, this exchange only charges the network fees when you withdraw crypto assets. This is very competitive as the global industry average for exchanges charging fixed withdrawal fees is 0.00053 BTC for BTC-withdrawals.

Coineal does not accept any deposits of fiat currency. This means that new crypto investors (i.e., investors without any previous crypto holdings) can’t trade here. In order to purchase your first cryptos, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

Coineal has a Distributed Architecture & Anti-DDoS System. In addition, 98% of all user funds are stored in cold storage (i.e. not connected to the internet). This is very good.