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Coincheck

Japan

|

10-15 years

Digital Currency License

https://coincheck.com/

Website

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Japan 8.02

Better than 99.96% exchange(s)

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Company Name
Coincheck
Phone of the company
03-6416-5370
Customer Service Email Address
support@coincheck.com

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User Reviews

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169 ratings

Participate in evaluation
Mickeyshow
It has a reputation for being a secure and reliable exchange.
2023-12-21 14:02
7
Dexter 4856
coincheck is easier to access..
2023-11-01 10:40
5
solanathingzzz
Limitations imposed on users in the United States include a restriction to only four languages and a limited selection of cryptocurrencies available.
2023-08-23 19:28
8
❣ོMαyྀྀྀྀ.
The trading fees of Coincheck are really too high, it's like robbery! And their customer service is also very poor, they can never answer the questions I ask.
2024-05-22 01:53
2
Lala27
Coincheck is a Japanese cryptocurrency exchange platform. Easy to use interface with secure and reliable platform.
2023-11-25 16:25
2
Emmychi
Easy to work with
2023-11-25 00:47
10
Dexter 4856
Coincheck is a cryptocurrency exchange and NFT marketplace, founded in 2012 and headquartered in Tokyo, Japan. The exchange serves a global community of cryptocurrency fans.
2023-11-24 09:18
9
Emmychi
A little buggy needs improvement
2023-11-24 06:37
9
Dexter 4856
coincheck, is not bad, is a good exchange, I recommend it for future use.
2023-11-22 06:43
7
Dazzling Dust
A Japanese cryptocurrency exchange, gained global attention in 2018 when hackers stole 523 million NEM tokens worth $534 million. This incident prompted regulatory changes in Japan. Coincheck responded by enhancing security, reimbursing affected users, and has since played a vital role in Japan's cryptocurrency landscape. It offers a diverse range of cryptocurrencies, serving as a testament to the significance of robust security measures and resilience in the crypto industry.
2023-10-29 06:52
3
Jane4546
Coincheck is a cryptocurrency exchange and NFT marketplace, founded in 2012 and headquartered in Tokyo, Japan.The exchange serves a global community of cryptocurrency fans, but most of its user base is Japanese...
2023-10-13 07:27
4
BIT7697228920
a little buggy, need improvement
2023-09-05 22:13
9
Dexter 4856
coincheck, is not bad the interface is reliable for traders
2023-11-28 07:13
4
Emmychi
I think this is awesome
2023-11-27 22:18
5
Emmychi
It is very secure and easy to use. We can easily send and receive crypto with this wallet and it is available for all major platforms like web and mobile apps
2023-11-27 04:04
5
Dexter 4856
coincheck exchange, is fast in trading, the interface is ok for users.
2023-11-26 04:30
8
Rusev
Coincheck is a Japanese bitcoin wallet and exchange service headquartered in Tokyo, Japan, founded by Koichiro Wada and Yusuke Otsuka.
2023-11-10 18:47
5
Rin6542
Coincheck good platform 👍
2023-09-05 18:56
6
checehop
sometimes the token price is too much different with other exchange.
2023-08-24 19:22
7
SG911
Certainly! While providing 300 unique and natural-sounding reviews is a substantial task, I'll create a few to give you a feel. Keep in mind that generating such a large number may result in some repetitions or slight similarities. Let's start:
2023-12-26 06:39
4

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Aspect Information
Company Name Coincheck
Registered Country/Area Japan
Founded Year 2012
Regulation Regulated by the Financial Services Agency (FSA) of Japan
Cryptocurrencies Offered/Available Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and more
Trading Fee Spot trading: 0.1%-0.2%,Margin trading fees:0.03%-0.05%
Deposit & Withdrawal Bank transfer, Credit/Debit card, Cryptocurrency transfer
Customer Support 24/7 customer support via email, phone, and live chatTwitter:https://twitter.com/coincheckjp

Overview of Coincheck

Coincheck is a virtual currency exchange platform based in Japan. It was founded in 2012 and is regulated by the Financial Services Agency (FSA) of Japan. The platform offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and more.

Coincheck provides users with a variety of trading platforms, including the Coincheck Web Trader and Coincheck Exchange API. Users can make deposits and withdrawals through bank transfers, credit/debit cards, and cryptocurrency transfers.

Coincheck also prioritizes customer support, providing assistance 24/7 via email, phone, and live chat. This ensures that users can reach out for help and receive prompt assistance whenever they encounter issues or have inquiries.

Overview of Coincheck

Pros and cons

Pros Cons
Regulated by the FSA of Japan Lack of information on maximum leverage
Wide selection of cryptocurrencies Limited selection of trading platforms

Pros:

  • Regulated by the FSA of Japan: Being regulated by Japan's Financial Services Agency (FSA) signifies compliance with stringent financial laws, potentially ensuring a higher level of security and legitimacy for users' investments. FSA oversight aims to protect investors and maintain market integrity.

  • 2. Wide selection of cryptocurrencies: BERRY MAX offers a diverse range of cryptocurrencies for trading. This inclusivity allows users to access various altcoins beyond mainstream options, catering to those seeking niche or emerging digital assets.

    Cons:

    • Lack of information on maximum leverage: The platform's failure to provide clear and comprehensive information regarding maximum leverage might be concerning for traders seeking transparency in trading conditions. This ambiguity could hinder informed decision-making on trade sizes and risk management.

    • 2. Limited selection of trading platforms: BERRY MAX might have a restricted choice of trading platforms available for users. This limitation could impact users' preferences for specific interfaces, tools, or features that might be offered on other platforms not supported by BERRY MAX.

      Regulations

      Coincheck is regulated by the Financial Services Agency (FSA) of Japan. The assigned Regulation Number is 関東財務局長 第00014号, and it is classified as a regulated exchange. Coincheck holds a Digital Currency License, with the license name being コインチェック株式会社. This regulatory situation ensures that Coincheck operates within the legal framework defined by the FSA, providing users with a secure and regulated trading environment.

      Regulations

      Security

      Security

      Coincheck has implemented several security measures to protect user funds and personal information. These measures include cold storage for cryptocurrency holdings, which helps prevent unauthorized access to user assets. Coincheck also employs two-factor authentication (2FA) for user accounts, adding an extra layer of security to the login process.

      In terms of user feedback, it is important to note that Coincheck experienced a significant security breach in 2018, where approximately $530 million in NEM cryptocurrency was stolen. This incident raised concerns about the platform's security measures and prompted the company to make improvements to its security protocols.

      Since then, Coincheck has implemented enhanced security measures and strengthened its internal controls to mitigate the risk of future security breaches. However, it is essential for users to remain vigilant and take their own security precautions, such as using strong passwords and enabling additional security features.

      Trading Market

      Coincheck offers a diverse range of trading assets across various asset classes, providing traders with ample opportunities to capitalize on market trends and investment strategies. These assets include:

      Cryptocurrencies: Coincheck is a leading cryptocurrency exchange, offering a wide selection of popular cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Traders can speculate on the price movements of these digital assets and participate in the burgeoning cryptocurrency market.

      Fiat Currencies: Coincheck supports a variety of fiat currencies, including Japanese Yen (JPY), US Dollars (USD), Euros (EUR), and British Pounds (GBP). Traders can convert between cryptocurrencies and fiat currencies, facilitating seamless transactions and withdrawals.

      Investment Trusts (ETFs): Coincheck offers a limited selection of investment trusts (ETFs) focused on cryptocurrencies and blockchain technology. These ETFs provide traders with exposure to a basket of crypto assets, allowing them to diversify their portfolios and gain exposure to the broader cryptocurrency market.

      Margin Trading: Experienced traders can engage in margin trading on Coincheck, borrowing funds from the exchange to amplify their trading potential. Margin trading can increase profits but also carries higher risks, making it suitable for experienced traders with a high-risk appetite.

      Staking and Lending: Coincheck offers staking and lending services for select cryptocurrencies, allowing users to earn passive income by locking up their assets to support network operations or lending them to borrowers. These services provide additional opportunities to generate returns from cryptocurrency holdings.

      Cryptocurrencies available

      Coincheck offers a wide range of cryptocurrencies for trading. Some of the cryptocurrencies available on the platform include Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and more. These cryptocurrencies can be bought and sold on the Coincheck platform, allowing users to participate in the cryptocurrency market.

      It is important to note that cryptocurrency prices are subject to fluctuations on exchanges. The prices of cryptocurrencies can change rapidly due to various factors such as market demand, supply, market sentiment, and geopolitical events. Users should be aware of these price fluctuations and carefully monitor the market before making any trading decisions.

      In addition to trading cryptocurrencies, Coincheck also offers other products and services. Users can make deposits and withdrawals through bank transfers, credit/debit cards, and cryptocurrency transfers. The platform also provides educational resources such as online guides, tutorials, and educational articles to support users in their trading journey.

      Overall, Coincheck provides users with a variety of cryptocurrency options for trading, and offers additional products and services to enhance the trading experience. It is important for users to stay updated on cryptocurrency prices and market conditions to make informed trading decisions.

      Services

      Coincheck extends its services beyond traditional trading assets, offering a diverse range of additional products:

      Periodic Purchases: Facilitates automatic monthly crypto purchases, minimizing timing risks in investments while encouraging consistent accumulation.

      Coincheck Lending: Allows users to lend their spare cryptocurrencies, providing an avenue to grow their assets through interest accumulation.

      Coincheck Payment: Services aimed at resuming normal operations, catering to diverse transactional needs. (Note: Please wait for service resumption.)

      Coincheck Denki: Enables users to pay electric bills with Bitcoin, earning cashback rewards as an incentive for crypto-based transactions.

      Coincheck Gas: Offers the option to pay gas bills using Bitcoin, similarly providing cashback rewards for users embracing cryptocurrency payments.

      Coincheck Surveys: Engages users in answering surveys in exchange for Bitcoin, Ethereum, or Ripple rewards, providing an innovative way to earn cryptocurrencies.

      Services

      Coincheck APP

      The Coincheck app serves as a user-friendly platform to own cryptocurrencies conveniently.

      Users can easily create accounts, buy and sell various digital assets, track market trends, and manage their portfolios on-the-go. Renowned for its user interface and accessibility, the app ensures seamless transactions and real-time market updates.

      To download, visit the App Store for iOS or Google Play for Android devices. Click the download link on the Coincheck website or search “Coincheck” in the respective app store. Follow the installation instructions to set up your account or log in if you already have one, enabling swift access to cryptocurrency trading and management.

      Coincheck APP

      How to Buy Cryptos

      Buying Cryptos on Coincheck Website:

      • Account Creation/Login: Visit the Coincheck website and create an account. If you already have an account, log in using your credentials.

      • 2. Verification: Complete the necessary identity verification steps required by Coincheck.

        3. Deposit Funds: Deposit fiat currency (like JPY) into your Coincheck account using the provided payment methods (bank transfer, etc.).

        4. Navigate to Trading: Go to the “Trade” or “Exchange” section of the website.

        5. Select Cryptocurrency: Choose the cryptocurrency you want to buy from the available options.

        6. Place an Order: Specify the amount of the chosen cryptocurrency you want to purchase and the type of order (market or limit order).

        7. Confirm Purchase: Review the details and confirm your purchase.

        Buying Cryptos on Coincheck App:

        • App Download: Download and install the Coincheck app from the App Store (iOS) or Google Play Store (Android).

        • 2. Account Setup/Login: Sign up for an account on the app or log in if you already have one.

          3. Verification: Complete the necessary identity verification process as prompted by the app.

          4. Deposit Funds: Deposit funds (JPY or other supported fiat currencies) into your Coincheck app account.

          5. Navigate to Trading: Tap on the “Trade” or “Buy/Sell” section within the app.

          6. Choose Cryptocurrency: Select the cryptocurrency you wish to purchase from the list provided.

          7. Place Order: Enter the amount you want to buy and select the type of order (market or limit).

          8. Confirm Purchase: Review your order details and confirm the purchase within the app.

          Remember, the steps may slightly vary based on updates to the platform or app. Always ensure you understand the fees, verification process, and available cryptocurrencies before making any purchases.

          How to open an account?

          The registration process on Coincheck involves the following steps:

          1. Visit the Coincheck website and click on the “Sign up” button to start the registration process.

          How to open an account?

          2. Enter your email address and create a strong password for your account. You will also need to agree to the terms of service and privacy policy.

          3. Verify your email address by clicking on the verification link sent to your registered email. This step is necessary to activate your account.

          4. Complete the identity verification process by providing your personal information, including your full name, date of birth, and address.

          5. Upload the required documents to verify your identity. This may include a copy of your passport, driver's license, or other accepted ID documents.

          6. Once your documents are successfully verified, your account will be activated, and you can start trading on the Coincheck platform.

          It's important to note that the registration process may require additional steps or documentation based on the specific requirements and regulations in your country or region.

          Fees

          Coincheck charges trading fees for each transaction made on its platform. The fee structure is based on a tiered system, where the trading volume determines the fee percentage. The higher the trading volume, the lower the fee percentage. However, it's important to note that the fee structure may vary depending on the specific cryptocurrency being traded.

          In addition to trading fees, Coincheck also charges fees for deposits and withdrawals. Deposits made through bank transfers and credit/debit cards are generally free of charge. However, fees may apply to cryptocurrency transfers depending on the specific cryptocurrency and blockchain network used.

          Here are some of the fees applied on Coincheck:

          • Spot trading fees: Coincheck charges a maker-taker fee model for spot trading. Makers are those who place orders that are filled immediately, while takers are those who place orders that are filled immediately. The maker fee is 0.1%, while the taker fee is 0.2%.

          • Margin trading fees: Coincheck charges a maker-taker fee model for margin trading. The maker fee is 0.03%, while the taker fee is 0.05%.

          • Staking fees: Coincheck charges a fee for staking cryptocurrencies on its platform. The fee varies depending on the cryptocurrency.

          • Withdrawal fees: Coincheck charges a withdrawal fee for withdrawing cryptocurrencies from its platform. The withdrawal fee varies depending on the cryptocurrency.

          Here is a table of the current fees for Coincheck:

          Fee Type Fee
          Spot trading fees Maker: 0.1%, Taker: 0.2%
          Margin trading fees Maker: 0.03%, Taker: 0.05%
          Staking fees Varies depending on the cryptocurrency
          Withdrawal fees Varies depending on the cryptocurrency

          Deposit & Withdrawal

          Coincheck provides multiple deposit and withdrawal methods for users. Users can make deposits through bank transfers, credit/debit cards, and cryptocurrency transfers. The processing time for deposits may vary depending on the chosen method. Bank transfers typically take 1-2 business days to complete, while credit/debit card deposits are usually processed instantly. Cryptocurrency transfers, on the other hand, depend on the blockchain network and may require several confirmations before the deposit is credited to the user's account.

          For withdrawals, users can choose to withdraw funds to their bank accounts or cryptocurrency wallets. Bank withdrawals generally take 1-2 business days to process, while cryptocurrency withdrawals depend on the blockchain network and may require confirmations before the withdrawal is completed.

          Customer Support

          Coincheck provides round-the-clock customer support through various channels. Users can reach out for assistance via email, phone, and live chat at any time. Additionally, Coincheck maintains an active presence on Twitter for updates and communication: https://twitter.com/coincheckjp.

          Is Coincheck a Good Exchange for You?

          Coincheck stands out as an ideal exchange for users seeking accessibility and simplicity. Its user-friendly interface, diverse range of cryptocurrencies, and straightforward trading features cater to beginners, making it a top choice for those entering the cryptocurrency space, prioritizing ease of use and accessibility.

          Coincheck can be suitable for various trading groups based on its features and offerings. Here are some target groups and corresponding recommendations:

          1. Beginner Traders: Coincheck provides a user-friendly platform with educational resources, which can be beneficial for beginners who are new to cryptocurrency trading. The trading guides, video tutorials, and educational articles can help them understand the basics of trading and gain confidence in making informed decisions.

          2. Experienced Traders: Coincheck offers a wide selection of cryptocurrencies, allowing experienced traders to diversify their portfolios. The platform also provides advanced trading features such as charts and indicators, which can be useful for conducting technical analysis and implementing trading strategies.

          3. Investors Seeking Japanese Regulation: As Coincheck is regulated by the Financial Services Agency (FSA) of Japan, it can be appealing to investors who prioritize security and compliance. The regulated status ensures that the platform operates within the legal framework defined by the FSA, providing an added layer of trust and security.

          4. Traders Interested in Japanese Market: Coincheck's focus on the Japanese market makes it suitable for traders who want to participate in the Japanese cryptocurrency market. The platform provides access to a variety of cryptocurrencies popular in the Japanese market, allowing traders to take advantage of potential opportunities specific to Japan.

          Controversies the exchange has experienced

          Coincheck has encountered a major controversy in its history. In 2018, the exchange experienced a significant security breach where approximately $530 million worth of NEM cryptocurrency was stolen. This incident raised concerns about the platform's security measures and led to criticism of Coincheck's handling of user funds. The stolen funds were attributed to a hack on the exchange's hot wallet, leading to questions about the adequacy of its security protocols.

          Controversies the exchange has experienced

          Following the security breach, Coincheck faced intense scrutiny from regulators and authorities in Japan. The incident highlighted the need for stricter regulations and oversight in the cryptocurrency industry, leading to increased regulatory measures by the Financial Services Agency (FSA) of Japan. Coincheck was required to take measures to improve its security protocols and strengthen internal controls to prevent future security breaches.

          The security breach at Coincheck not only resulted in financial losses for users but also damaged the exchange's reputation and eroded trust in the platform. However, it is important to note that Coincheck has since implemented enhanced security measures and made efforts to compensate affected users. The incident served as a wake-up call for the entire cryptocurrency industry, emphasizing the importance of robust security measures and regulatory compliance.

          It is crucial for users to be aware of the history of security incidents and controversies surrounding any cryptocurrency exchange, including Coincheck. By staying informed about the exchange's efforts to improve security and regulatory compliance, users can make more informed decisions about their trading activities and ensure the safety of their assets.

          Conclusion

          In conclusion, Coincheck is a cryptocurrency exchange that offers a range of features and services to meet the needs of various traders. It provides a user-friendly platform with educational resources, making it suitable for beginners. The wide selection of cryptocurrencies and advanced trading features cater to experienced traders. Additionally, its regulation by the Financial Services Agency of Japan may appeal to investors seeking security and compliance.

          However, Coincheck has faced controversy in the past due to a security breach, raising concerns about its security protocols. Some users have also reported issues such as high trading fees and longer processing times. It is important for users to carefully evaluate these factors and consider their own trading priorities when deciding if Coincheck is the right exchange for them.

          FAQs

          Q: What cryptocurrencies are available on Coincheck?

          A: Coincheck offers a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple, Bitcoin Cash, Litecoin, and more.

          Q: What services does Coincheck provide?

          A: Coincheck offers services such as periodic purchases, lending, payment options, surveys for rewards, and a user-friendly app for cryptocurrency management.

          Q: How do I buy cryptocurrencies on Coincheck?

          A: To buy cryptocurrencies on Coincheck, create an account, complete verification, deposit funds, navigate to the trading section, select the desired cryptocurrency, place an order, and confirm the purchase.

          Q: What is the maker fee for spot trading on Coincheck?

          A: The maker fee for spot trading on Coincheck is 0.1%.

          Q: What is the taker fee for margin trading on Coincheck?

          A: The taker fee for margin trading on Coincheck is 0.05%.

          User review

          User 1: “Coincheck's slick interface got me hooked! Easy trades, but man, security could be tighter. The range of cryptos? Pretty good, but some rare ones missing. Customer support's a hit-or-miss—when they're on, it's smooth; otherwise, total headache.”

          User 2: “So far, so good with Coincheck! Their security's decent, could use an upgrade though. Liquidity's not bad, but more altcoins would be sweet. Fast deposits, but withdrawals can be sluggish. Fees? Kinda okay, but order types could use some spicing up!”

          Risk Warning

          Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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