Stoppage of Business

Score

0123456789.01234567890123456789
/10

コイネージ

Japan

|

Stoppage of Business

5-10 years|

Digital Currency License|

High potential risk

https://coinage.co.jp/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

Japan 2.35

Better than 93.68% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
C

Licenses

FSA

FSARegulated

Digital Currency License

Exchange Info

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Company Name
コイネージ
Phone of the company
0570-037-851
Company website
More
Customer Service Email Address
customer@coinage.co.jp

WikiBit Risk Alerts

2
Previous Detection 2024-06-15

This Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

Website

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Keywords

Time Machine

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Note: Coineage's official site - https://coinage.co.jp is currently not functional and the company is under stoppage of business status. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Aspect Information
Company Name Coineage
Registered Country/Area Japan
Founded year 5-10 years
Regulatory Authority Financial Services Agency (FSA)
Cryptocurrencies offered/available Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), etc.
Maximum Leverage 1:10
Trading Platforms Cryptocurrency platform
Fees Maker fee: 0.05%; Taker fee: 0.1%
Deposit & Withdrawal Bank transfer, Cryptocurrency
Educational Resources Live webinars, Educational articles, Trading guides
Customer Support Email:customer@coinage.co.jp, Phone: 0570-037-851

Overview of Coineage

Coineage was a virtual currency exchange based in Japan. It was regulated by the Financial Services Agency (FSA). The exchange offered a variety of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) etc. With a maximum leverage of 1:10, users had the opportunity to amplify their trading positions. The exchange supported both bank transfers and cryptocurrency deposits and withdrawals, providing flexibility for users when managing their funds.

In terms of educational resources, Coineage offered live webinars, educational articles, and trading guides to assist users in expanding their knowledge and improving their trading skills. Additionally, the exchange provided customer support through email and phone, social media (accounts not exist now) such as Facebook and Twitter.

Pros and Cons

Pros Cons
Regulated by Financial Services Agency in Japan Website inaccessible
Wide range of cryptocurrencies

Pros:

Coineage has several advantages that make it a competitive virtual currency exchange. Firstly, the exchange is regulated by the Financial Services Agency (FSA) in Japan. This regulatory oversight ensures compliance with industry standards and provides users with a sense of security and trust.

Secondly, Coineage offers a wide range of cryptocurrencies for trading. Users have the opportunity to trade popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) etc. This diversity allows for more trading options and potential for profit in different market conditions.

Cons:

The significant drawback of Coineage is its website's inaccessibility, hindering users from accessing crucial information and engaging with the platform, thereby impeding the seamless utilization of its services and features.

Regulatory Authority

Coineage is regulated by the Financial Services Agency (FSA) in Japan, which ensures that the exchange operated according to regulatory standards. The License No. was Director-General of Kanto Local Finance Bureau No. 00021. This regulatory oversight provided users with a sense of security and trust when trading on the platform.

regulated FSA license

Security

The security of Coineage was a crucial aspect for traders. The exchange implements various protection measures to safeguard user funds and information. This included strong encryption, secure storage of cryptocurrencies offline in cold wallets, and regular security audits and updates to ensure the platform remains resistant to potential threats.

In addition to these measures, Coineage maintains a transparent approach to its security practices. The exchange provides information about its security protocols on its website, including details on its cold storage methods and multi-factor authentication options. This transparency allows users to have a better understanding of the security measures in place and make informed decisions when trading on the platform.

Trading Markets

Coineage offers a wide range of cryptocurrencies that users can trade on their platform. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). The availability of these cryptocurrencies allows users to diversify their portfolios and take advantage of different market trends.

When trading cryptocurrencies, it's important to note that prices can fluctuate on exchanges. The prices of cryptocurrencies are determined by supply and demand factors, and they can vary across different exchanges. This means that the price of a specific cryptocurrency on Coineage differs from its price on other exchanges. These price fluctuations can create trading opportunities for users who are able to identify and take advantage of them.

Cryptocurrencies available

Services

In addition to trading cryptocurrencies, Coineage offers other products and services related to virtual currency trading. This includes features such as margin trading, where users can trade with borrowed funds to potentially increase their trading positions.

Furthermore, Coineage also offers additional services such as cryptocurrency lending, staking, or other investment products. These services can provide users with alternative ways to potentially generate income from their cryptocurrency holdings.

Fees

  • Spot trading: Coineage charges a maker-taker fee model for spot trading. The maker fee is 0.05%, while the taker fee is 0.1%.

  • Margin trading: Coineage charges an interest rate of 0.03% per day for margin trading.

  • Deposit fees: Coineage does not charge any deposit fees for cryptocurrencies. However, there may be fees charged by your cryptocurrency exchange or payment processor.

  • Withdrawal fees: Coineage charges a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals.

Service Fee
Spot trading Maker fee: 0.05%; Taker fee: 0.1%
Margin trading Interest rate: 0.03% per day
Deposit fees No fees for cryptocurrencies
Withdrawal fees 0.0005 BTC for Bitcoin withdrawals

Deposit & Withdrawal

Coineage supports both bank transfers and cryptocurrency deposits and withdrawals. Users can deposit funds into their accounts by initiating a bank transfer from their personal bank accounts. Cryptocurrency deposits can be made by transferring the desired cryptocurrency to the designated wallet address provided by Coineage.

For withdrawals, users can request a withdrawal of funds to their personal bank accounts by providing the necessary banking details. Cryptocurrency withdrawals can be made by specifying the desired cryptocurrency and the recipient wallet address.

The processing time for deposits and withdrawals on Coineage can vary depending on factors such as the chosen deposit/withdrawal method and the network congestion of the respective cryptocurrency. Bank transfers typically take a few business days to process, while cryptocurrency deposits and withdrawals are usually processed within a shorter timeframe, often within a few hours.

It is important for users to carefully review and follow the provided instructions when making deposits and withdrawals to ensure the successful and timely processing of their transactions.

Educational Resources

Coineage provides trading guides and tutorials on their website, which can serve as a starting point for beginners to learn about the basics of trading. These resources cover topics such as how to place orders, manage risk, and analyze market trends.

In addition, Coineage offers webinars or educational events from time to time. These events can provide traders with insights and strategies from industry experts, helping them to stay informed and make more informed trading decisions.

Furthermore, traders can also make use of external educational resources and tools available online, such as reputable cryptocurrency websites, blogs, and online courses. These resources can provide a more comprehensive and detailed understanding of cryptocurrency trading concepts and techniques.

It is important for traders to actively seek out educational resources and tools, both from Coineage and other reputable sources, to continuously improve their trading skills and knowledge in the rapidly evolving cryptocurrency market.

Is Coineage a Good Exchange for You?

Coineage is suitable for a wide range of traders, including both beginners and experienced traders, due to its user-friendly platform and diverse range of cryptocurrencies available for trading.

For beginners, Coineage can be a good choice as it provides a user-friendly interface and can offer trading guides and tutorials on its website. These resources can help beginners learn the basics of trading, such as how to place orders and analyze market trends. Beginners can also benefit from the availability of popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin, allowing them to start trading with familiar assets.

Experienced traders can also find value in using Coineage as it offers a variety of cryptocurrencies and potentially profitable trading opportunities. The availability of margin trading can also be appealing to experienced traders, as it allows them to potentially increase their trading positions and amplify their profits.

Furthermore, Coineage attracts traders who are interested in alternative ways of generating income from their cryptocurrency holdings. Services such as cryptocurrency lending, staking, or other investment products can provide additional income streams for these traders.

It is important for traders of all levels to consider their own investment goals, risk tolerance, and trading strategies when choosing a platform like Coineage. It is also recommended for traders to stay informed about the cryptocurrency market and monitor price fluctuations to make informed trading decisions.

Conclusion

In conclusion, Coineage, the virtual currency exchange, offers a user-friendly platform and a diverse range of cryptocurrencies for trading. The exchange provides resources such as trading guides and tutorials, which can benefit beginners in learning the basics of trading. Additionally, experienced traders can find value in the availability of margin trading and potentially profitable trading opportunities.

However, it is important to note that user experiences can be vary, and factors such as access speed, fees, and the trading platform's interface could impact individual satisfaction. It is recommended for users to carefully evaluate their own needs and preferences when considering Coineage as a trading platform.

Frequently Asked Questions (FAQs)

Q: What deposit methods does Coineage support?

A: Coineage supports bank transfers and cryptocurrency deposits.

Q: Can I withdraw funds from Coineage to my personal bank account?

A: Yes, you can request a withdrawal of funds to your personal bank account on Coineage.

Q: Is Coineage suitable for beginners?

A: Coineage can be a good choice for beginners due to its user-friendly interface and availability of trading guides and tutorials.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.