Coincheck

Coincheck

Coincheck
In Social Media:
Developed Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $9,337,309

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.

Traditional Currency Support

  • Japanese Yen (JPY)
  • US Dollar (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

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Not customizable

Advanced
Options:

  • Limit Order
  • Market Order
  • Stop Order

Discounts For
The Big Traders:

  • No Maker fees
  • Volume based discounts

Special
Services:

  • Peer to Peer margin trading
  • Margin Trading x5

Coincheck security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

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.

Security Features:

  • SSL
  • Bank Level Encryption
  • PCI DSS standards
  • Regular Auditing Programs

Legal Registration or Compliance:

  • Japan Financial Services Agency

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 c 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