Coincheck Cryptocurrency is Japan’s answer and successor to Mt Gox. A decent exchange that is seeing high volume on Japans warming relation to digital currency. Fees are low with an extra surcharge for withdrawing your Yen quicker and a trading fee that encourages orderbook liquidity with with maker taker model.
About Coincheck Cryptocurrency
A Coincheck Cryptocurrency review reveals that this cryptocurrency exchange captures the bulk of the Bitcoin spot trading volume generated in Japan. They also seem to offer margin trading, price alerts, charts and more. They also seem to offer a limited number of cryptocurrency pairs. Coincheck is a Japanese cryptocurrency exchange, which allegedly has the highest Bitcoin trading volume in Japan (referring to credible sources).
On 4 July 2019, Coincheck Exchange had a 24 hour trading volume of USD 62.8 million. This is a perfectly decent trading volume. Sure, it’s far from the absolute giants in the industry who rarely have a 24 hour trading volume below USD 1 billion, but it is still quite good.
How To Sign Up & Start Trading
You Sign Up For A User Account By Providing Basic Information.
On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange
You Then Receive An E-mail In Your Mailbox To Activate Your Account.
Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.
For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.
Coincheck Hosting Information
|Hosting:||AS16509 Amazon.com, Inc.|
|Registrar:||Amazon Registrar, Inc.|
|Name Servers:||NS-1515.AWSDNS-61.ORG , NS-1985.AWSDNS-56.CO.UK|
|Creation Date||2001-12-10 11:05:42|
|Expiration Date||2021-12-10 11:05:42|
|Updation Date||2020-06-03 08:26:38|
Enable 2-Factor Authentication (2FA)
When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.
After completing these three steps, you’re through with fixing your account.
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 in line with or slightly below the industry average, so consider this as fair.
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.
Transfer & Deposit funds instantly
If you have the address, you can send cryptocurrencies to anywhere in the world, instantly. You can also display your QR code to receive coins immediately.
Trade safely and securely
Customer assets are secured offline, providing top level security.
We’ve confirmed the security and efficiency of our systems with multiple information security firms from around the world.
Coincheck requires users to perform two-factor verification during login, helping you protect your account from malicious third parties with both a password and your phone.