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Taker fee


Maker fee


Withdrawal fee

Bitcoin Logo 0.00049

Funding methods

Wire Transfer


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US Investors Permitted


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Coineal Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Coineal consists of four parts: general information, fees, deposit methods and security.

General Information

Coineal is a cryptocurrency exchange that launched in April 2018 and is from the nation of South Korea. There is a large number of South Korean cryptocurrency exchanges, as the country has been one of crypto’s strongholds since early on. In addition to this exchange, the list also includes (but is not limited to): BithumbKorbitCoinone, CoinrailGopax, UPbit, CPDAX and Allbit.

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 arising from 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” (presumably only if those projets get listed on Coineal).

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

Coineal Advantages


When looking at the liquidity at this trading platform, it is very good. On the date of first writing this review (18 December 2018), Coineal had a 24 hour trading volume amounting to USD 122 million. This placed the exchange on place no. 25 on the list of the world’s exchanges based on 24 hour trading volume. But, on the date of last updating this review (5 July 2019), the exchange’s 24 hour trading volume was an incredible USD 1.29 billion! That’s more than ten times the number in December 2018. This amount placed Coineal on place no. 11 on the list of the exchanges in the world with the highest 24 hour trading volumes.

Coineal Team

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 cryptocurrency world for some time and are deeply experienced.

Coineal Trading View

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 cryptocurrency 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

Coineal Fees

Coineal Trading fees

This exchange doesn’t differentiate between takers (persons taking orders off the order book), and makers (persons placing the orders that the first group of persons take off the order book). Instead, they charge something that we call a “flat fee”. This means that they charge both takers and makers 0.15%.

0.15% is a quite competitive trading fee. Global industry average is arguably around 0.25%, and Coineal’s fees are accordingly a fair bit lower than global industry average.

Coineal Withdrawal fees

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 0.000812 BTC for BTC-withdrawals.

Deposit Methods

Coineal does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, 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 Security

We run all exchange-websites in Mozilla’s Observatory-test ( The score in such test is one of many indicators of the exchange’s security. Coineal only received an F-score in this test. This is below industry average. However, it is worth noting here that a majority of all exchanges unfortunately receive an F-score in this test.

Also, 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.


Liquidity is something very important for all exchanges, cryptocurrency exchanges but also regular stock market exchanges. The above exchange does indeed have great liquidity. However, the following 9 cryptocurrency exchanges are also regularly among the cryptocurrency exchanges with the absolutely best liquidity in the world:

  1. Simex
  2. Bit-Z
  3. Bittrex
  4. Bithumb
  5. Coinbene
  6. BitForex
  7. IDAX
  8. BCEX
  9. DOBI Trade

Coineal Review - Cryptowisser Logo