Coincheck
- Overview
- Security
- User Experience
Volume 24H: BTC 110931/24h
Coincheck is a Tokyo- based cryptocurrency exchange. It is licensed by the Japan Financial Services as a"virtual currency exchange" but designed to be used worldwide. It has a clean and easy interface and is available 24/7. It covers a few common altcoins and USD and YEN. They have good security measures in place.
The Coincheck exchange platform is best suited for Japanese customers as they have no transaction fees for withdrawals or deposits in Japan.The content is often only in Japanese and much of the user interface may seem confusing to foreign users. The company has a good reputation and the platform has smooth functionality. Cryptocurrency transaction fees differ from one coin to another.
Crypto Currencies Support
- BTC
- ETC
- ETH
- LSK
- XMR
- ZEC
Traditional Currency Support
- JPY
- USD
Language Support
- Chinese
- English
- Indonesian
- Japanese
Country Support
- Australia
- Canada
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- United States of America
Platforms Systems
- — Api
- — Web Interface
Stock Market Options
Coincheck has a good security reputation and no major breaches thus far. They inform users that they use cold storage but no other security information is provided. They are a member of the Japan Blockchain Association and follow AE-256 standards when encrypting the wallets.They also use an SMS verification when confirming an account.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | They Claim To Hold User Funds In Cold Storage But Are Not Specific About It |
Coincheck claims to be the largest Crypto exchange in Asia. In fact, they offer a low security level and limited coins to trade compared to their major American counterparts. The platform was founded by Koichiro Wada and Yusuke Otsuka in 2014 and is operated by ResuPress, a company founded in 2012. Their purpose was to"open up their service to the world.
Summary:
Coincheck offers some particular features like crypto exchange, fiat currency deposits, a crypto wallet, and the possibility to deposit fiat currency through a credit card. It's best suited for Japanese nationals but could be an option for international users as well. The security of the platform is not entirely clear as they claim to use cold storage but there is no other detailed info.
| Ease of use | Developed |
| Transaction Fees | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee | 0.0005-0.15 Coins/transaction |
| Deposit/Withdrawal Fee For Bank Transfer | 25usd/withdrawal Or Deposit |
| Deposit/Withdrawal Fee For Credit Card | N/A |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | N/A |
| Anonymous Trading | Yes |
Deposit/Withdrawal Options:
Deposit using credit card, Send/Receive Crypto
Functionality:
Coincheck is a cryptocurrency platform that offers several other functions besides an exchange. They offer a platform for accepting Bitcoin payments as well as wallets for IOS and Android. Many of the services and information on the website are available only in Japanese. Users can register using their Facebook account or an email address.
Most common customer complaint:
— slow customer service, limited coins