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. The platform also features a wallet hosting service available as an app (Android and iOS) The trading view itself is well designed with intuitive usability to accommodate both experienced and inexperienced users.
with Keisuke Wada as the CEO and Yusuke Otsuka as the COO.īesides providing crypto exchange service and Bitcoin storage service, Coincheck offers several other services as well including a crypto lending system with interest of up to 5% paid on deposits, a crypto payment system, a Bitcoin prepaid Visa debit card and has partnered with some power utility companies in Japan to provide electricity, allowing bills to be paid in Bitcoin.Ĭoincheck has a technology-driven trading platform that allows users to seamlessly buy and sell cryptocurrencies for as low as 500 JPY 24/7 and instantly transfer & deposit funds. 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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