Security and PrivacyĬoincheck leverages three primary security features to keep wallets safe: two-factor authentication, cold wallet, and system security. However, the platform is expected to charge trading fees at some point as this is perceived as a means of attracting more users following the 2018 hacking incident. Compared to the average industry trading fees, which is around 0.25%, this gives the platform an edge over other exchanges. This means that the platform doesn’t charge trading transaction fees therefore, buying and selling cryptocurrencies on the platform is completely free. Ĭoincheck imposes zero fees for makers and thus zero fees for takers. Find the complete information on the deposit fees and withdrawal fees here. For instance, BTC is charged 0.001 BTC while ETH, 0.01 ETH and LTC, 0.001. Cryptocurrency withdrawals are charged based on the crypto in question. USD withdrawals are charged ¥2500, while Yen withdrawals are charged ¥400. Withdrawal Fees and MethodsĬoincheck allows withdrawals to a bank account or credit card for fiat currency and wallets in the case of cryptocurrencies. Users can also make deposits using cryptos for cross-cryptocurrency purchases.
Yen bank transfer deposits aren’t charged a deposit fee, but deposits made in USD are charged a flat rate of $25 or ¥2500 from non-Japan bank accounts. Deposit Fees and MethodsĬoincheck allows users to fund their accounts using several methods, including bank transfers or debit/credit card if funding an account using fiat currency. In addition to Bitcoin, the platform supports other cryptocurrencies, including ETH, ETC, LSK, FCT, XNR, REP, XRP, ZEC, XEM, LTC, DASH, and BCH. with Keisuke Wada as the CEO and Yusuke Otsuka as the COO. In April 2018, Monex Group acquired Coincheck for 3.6 billion yen, and it’s currently being operated by Coincheck, Inc. The platform was founded in August 2014 by Koichiro Wada and Yusuke Otsuka through their startup ResuPress, Inc., which was founded in 2012. About CoincheckĬoincheck is among the leading cryptocurrency exchange and Bitcoin wallet in Asia, boasting the largest volume of Bitcoin trading in Japan since 2017. Is Coincheck ideal for you even after the hacking incident? Here’s an in-depth review. In January 2018, Coincheck suffered a major hacking incident involving a loss of 500 NEM tokens ($530 million). The platform is also a member of the Japan Virtual Currency Business Operator Association and General Association of FinTech with a ¥ 92 million capital reserve. This places it at position 90 on the list of the world’s exchanges with the highest 24-hour trading volumes.Ĭoincheck is licensed and regulated by the Japan Blockchain Association to operate as a crypto exchange in Japan and internationally, excluding the USA. Coincheck has the highest Bitcoin trading volume in Japan, recording an average 24-hour trading volume of USD 200 million. The platform also offers margin trading with a maximum leverage of 1:5, Bitcoin spot trading, crypto lending, and a crypto payment system that automatically converts cryptos to Japanese Yen. The multilingual exchange is headquartered in Tokyo, Japan, and offers several trading instruments, including both popular and liquid tokens and a few altcoins. Coincheck is a Japanese-based cryptocurrency exchange that provides bitcoin storage services and several crypto exchange operations as of 2014.
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