Coincheck

Coincheck Review

What is Coincheck?

Coincheck is a Japanese centralized cryptocurrency exchange that has been active since 2014. 

Trading Volume

Coincheck allegedly has the highest Bitcoin trading volume in Japan. They have been witnessing a tremendous growth in trading volume. On the date of last updating this review (2 December 2021), the 24-hour trading volumes was approx. USD 122.9 million. In comparison, the trading volumes on 21 March 2020 were only USD 56.5 million, so a great improvement for sure.

Coincheck Mobile Support

Coincheck is also available through mobile use. You can easily download their application on Appstore or Google Play.

US-investors

The exchange supports residents from any different jurisdictions as traders on its platform. USA, however, is not one of those jurisdictions. Accordingly, Coincheck doesn’t allow US-investors. If you’re a US-investor desperately looking for somewhere to trade, don’t despair! Use our Exchange Finder to find out which alternatives you have.

Coincheck Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at Coincheck:

Coincheck Fees

Coincheck Trading fees

The one thing we can’t stress enough is that you must always ascertain the trading fees at any exchange you are interested in.

And Coincheck has 0 (zero) fees for makers, but also 0 (zero) fees for takers. This is truly an amazing offer! It started off as a campaign but is now actually their permanent trading fees. These trading fees are naturally far below the industry average which is around 0.25% and constitutes a strong competitive advantage.

Coincheck Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.

This exchange charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This fee is quite in line with the global industry average, which - the last time we made an empirical study on the subject - was 0.00053 BTC per BTC-withdrawal.

Deposit Methods

Here, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. The deposit fees and withdrawal fees can be found here: https://coincheck.com/info/fee

Coincheck Security

The exchange highlights the following three security features on its website: