Coincheck is a cryptocurrency exchange that is based in Japan, providing traders with its own in-house-developed trading platform for the exchange of multiple cryptocurrencies, such as Bitcoin, Ethereum, Ethereum Classic, Litecoin, Bitcoin Classic, and many others.
Coincheck Review, Pros & Cons
- A proprietary mobile trading platform
- A selection of educational resources
- Supports fiat currency
- Multiple cryptocurrencies
- Cryptocurrency trading only
- No MetaTrader or cTrader trading platforms
- No contact telephone number
- No USA clients
In this detailed Coincheck review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Coincheck is a leading Bitcoin and cryptocurrency exchange in Asia. They have OTC trading and lending feature that allows traders to earn interest just by lending to the Exchange. Their proprietary mobile trading app is used for the buying and selling of multiple cryptocurrencies.
The Exchange implements the two-factor authentication and also stores clients’ funds in secured cold wallets to ensure optimum security. But there is no regulatory information on the Exchange’s website at the moment, which could pose a red flag to potential traders. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Coincheck allows traders from different parts of the world to open a trading account with them if their countries of residence permit online trading with international exchanges.
Some Coincheck features and products mentioned within this Coincheck review may not be available to traders from certain countries because of legal restrictions.
The Exchange provides traders with the Coincheck mobile trading app; it has advanced technology and is designed with an intuitive interface that suits traders of all experience levels. The Coincheck mobile app can be downloaded on Android and iOS devices, and it is used to trade Bitcoin and other cryptocurrencies. It also offers cryptocurrency wallet hosting services to clients.
Coincheck Trading Tools
The Exchange provides traders with useful trading tools, such as TradeView Charts and APIs, to ensure a hitch-free trading process.
There is a good selection of educational resources on the Coincheck’s website. They help to update traders on the latest happenings in the financial markets, and they include blogs, press releases, FAQs, articles, guidelines, and more.
Coincheck offers the following Cryptocurrencies: Bitcoin, Ethereum, Ethereum Classic, Litecoin, Bitcoin Classic, and more.
Coincheck Accounts & Fees
Traders are allowed to create an individual or a corporate account depending on their trading objectives. The required minimum deposit is 500 JPY.
As broker fees can vary and change, there may be additional fees that are not listed in this Coincheck review. It is imperative to ensure that you check and understand all of the latest information before you open a Coincheck broker account for online trading.
Coincheck offers a client support team that can be contacted via Live Chat and social media.
Coincheck Deposit & Withdrawal
Traders can deposit and withdraw funds to and from their trading accounts using any of the following payment methods:
- Bank wire transfer
- Credit/Debit cards
Coincheck Account Opening
To open an account, click on the ‘Create Account’ button on the Coincheck’s website and fill in your email and password. Alternatively, you can use your Facebook or Apple account to create an account with the broker.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Coincheck is a cryptocurrency exchange that was founded in 2014 in Japan. The Exchange provides traders with an intuitive mobile app, which allows them to trade multiple cryptocurrencies from anywhere, even on the go. Traders also benefit from a range of useful trading tools and educational resources. However, there is no regulatory information on the Exchange’s website at the moment, and some traders may not want to trade with an unregulated exchange as they do not offer the same level of protection as the regulated ones. You can see a list of regulated brokers on our best brokers page.
The risk of loss in the exchange of crypto assets can be substantial, and therefore you should understand the possibility of losses associated with the exchange of crypto assets and must assume responsibility for all the risks associated with such exchanges and for their results.