What is Coincheck?
Coincheck is a prominent centralized cryptocurrency exchange (CEX) with a global presence and a significant user base in Japan. As a leading platform in Asia, it boasts high liquidity, substantial trading volumes, and a robust community. The exchange is registered under Japanese authorities, regulated by the Financial Services Agency (FSA) of Japan, and audited by the Japan Blockchain Association.
Supported Cryptocurrencies
Coincheck supports trading in 17 popular large-cap cryptocurrencies, with the Japanese yen as the primary currency. Additionally, the platform accepts the US dollar. Fiat deposits can be made through bank transfers or bank cards, and digital assets are securely stored in cold wallets.
Diverse Products and Services
Apart from standard trading, Coincheck offers various products and services, including OTC (over-the-counter) trading, initial exchange offerings (IEOs), utility services like Coincheck Denki (paying electric bills with Bitcoin) and Coincheck Gas (paying gas bills with Bitcoin). The platform also features Coincheck Survey, where users can earn crypto by participating in surveys. Notably, Coincheck has a non-fungible token (NFT) marketplace and a staking service in beta.
User Base and Accessibility
With over 1.5 million clients, Coincheck provides a user-friendly trading experience through its web version and mobile app. The platform equips traders with essential tools for global market asset trading.
Founders of Coincheck
Launched in April 2012 by crypto enthusiasts Yusuke Otsuka (COO) and Koichiro Wada (CEO/CTO), Coincheck has its roots in the expertise of Otsuka in UX design and Wada's programming prowess since a young age. In 2018, Monex Group, Inc., a significant online brokerage company, acquired Coincheck, leading to changes in leadership roles.
Location
Coincheck is headquartered in Tokyo, Japan.
Restricted Countries
U.S. investors are restricted from using the exchange.
Supported Coins
In addition to Bitcoin (BTC), Coincheck lists various altcoins, including ETH, ETC, XRP, LTC, XLM, ENJ, SAND, DOT, and more.
Fee Structure
Coincheck charges maker and taker fees for trading, with rates varying depending on the cryptocurrency. Notably, BTC maker-taker fees are 0%, while for ETC, it's 0.05% (maker) and 0.10% (taker). The marketplace incurs fees ranging from 0.1% to 5%. Deposit and withdrawal fees vary for each coin.
Leverage and Margin Trading
Coincheck does not currently offer margin trading or leverage options.
What are the trading fees on Coincheck?
Coincheck charges maker and taker fees for trading, with rates varying depending on the cryptocurrency. Notably, BTC maker-taker fees are 0%, while for ETC, it's 0.05% (maker) and 0.10% (taker). The marketplace incurs fees ranging from 0.1% to 5%. Deposit and withdrawal fees vary for each coin.
Does Coincheck offer leverage trading?
Coincheck does not currently offer margin trading or leverage options.
