Coinone Introduces Additional Channel Authentication with Naver Simple Verification

Domestic virtual asset exchange Coinone announced on the 23rd that it has introduced Naver Simple Authentication as an additional channel authentication method.

Additional channel authentication is a step that must be completed for deposits, withdrawals, and trading after signing up for Coinone. After the mandatory identity verification via mobile phone authentication, an additional authentication step has been added to enhance the security of service use. With the introduction of Naver Simple Authentication, Coinone now offers a total of three additional channel authentication methods, including the existing OTP authentication and Kakao Simple Authentication. Diversifying authentication method options increases customer convenience. By adding a new method to the two existing additional authentication methods, the plan is to achieve both security and simplicity.

Naver Simple Authentication can be registered on the Coinone website and application (app). Once registered with Simple Authentication, users can complete authentication via the Naver app without separate login in situations requiring additional authentication. Using Naver Simple Authentication also provides benefits such as increased withdrawal limits. Customers who have completed all verifications up to the KRW account can directly increase their withdrawal limit up to 500 million KRW.

Coinone CEO Cha Myung-hoon said, "As virtual asset investment becomes more popular, smishing and phishing attempts maliciously targeting customer accounts are also increasing," adding, "We hope users strengthen their personal security by using the Naver Simple Authentication additional channel authentication and enjoy Coinone’s services more conveniently and safely."

This content was produced with the assistance of AI translation services.