Crypto Exchanges
Coincheck Crypto Exchange Review- Is Coincheck.com Safe and Legit?
Coincheck has a major user community from Japan and also millions of registered users at the global level. It offers different products i.e., NFTs, staking, IEOs (initial exchange offerings), OTC (over-trade-counter), and many others along with payments solution.
Coincheck: An Overview
Coincheck.com is a Japan-based centralized cryptocurrency exchange (CEX). Coincheck is the one of leading trading platforms in Asia in terms of user traffic, trading volume and liquidity.  As the Coincheck crypto exchange is a centralized exchange, it is regulated by the Financial Services Agency (FSA) of Japan and is audited by Japan’s Blockchain Association.
Coincheck cryptocurrency exchange was founded in 2012 by crypto enthusiasts, Koichiro Wada (CEO) and Yusike Otsuka (COO). Coincheck has a major user community from Japan and also millions of registered users at the global level. It offers different products i.e., NFTs, staking, IEOs (initial exchange offerings), OTC (over-trade-counter), and many others along with payments solution.
Coincheck’s Prominent Mobile App
Coincheck trading platform is best known for its mobile application which is unique among other crypto mobile applications. The mobile application of Coincheck.com crypto exchange is available for both Android and iOS users. It has a friendly user interface for both mobile and website interface.
Coincheck Supported Currencies
Coincheck trading platform supports 17 of the major crypto assets of the market. The native currency of Japan, Japanese Yen is the main fiat currency of the exchange and it also accepts US Dollar for fiat currency.
For trading over Coincheck.com, Bitcoin (BTC) is the leading digital asset. Coincheck also supports other prominent altcoins like Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Litecoin (LTC), Stellar (XLM) and a few others. Users can deposit the funds in the form of fiat currencies through bank cards, bank transfers and digital assets stored in cold wallets.
Coincheck Fee Structure
Coincheck crypto exchange offers a very low and economical fee structure as compared to the other trading platforms. Depending upon the volume of cryptocurrencies, the Coincheck trading platform follows a maker/taker module for fee and commission.
For Bitcoin (BTC), the maker-taker fee is zero percent (0%) while for Ethereum (ETH) it takes 0.5% from the maker and 0.10% from the taker. For deposits or withdrawals, Coincheck crypto exchange takes a 0.1% to 0.5% fee which is quite low as compared to other competitive cryptocurrency exchanges.
Coincheck Trading View
Coincheck.com is the best trading platform in terms of its trading view which is quite simple and easy to use. Â It has a very professional interface with detailed trading previews on the website. Coincheck offers the simple and easiest way to buy, sell or trade bitcoin (BTC) and other digital assets. On the trading view of the trading platform, you can see the order book and estimate the order value by using the website’s built-in calculator.
Is Coincheck Safe?
Coincheck.com is considered to be the most secure and reliable cryptocurrency exchange. It utilizes advanced security systems to ensure the safety of the digital assets of the users. The digital assets of the customers are stored in cold wallets under top security. Moreover, the system security of the exchange utilizes efficient security systems around the globe and asks users for Two-Factor Authentication (2FA) to protect digital assets from malicious attacks.
Customer Support Services
Coincheck crypto exchange has a detailed FAQ section which covers most of the queries of the users. FAQ sections are available in multiple languages. Users can contact the ‘Help Centre’ the email-based ticketing system.
Pros and Cons
Pros
- Friendly-user interface and easy-to-use trading platform
- NFT and Toke Marketplace over a single platform
- Efficient Mobile Application
- Japanese-based users can pay their utility bills
Cons
- Limited supported digital assets
- No live chat assistance for customer services
- Not available for US investors/traders
Final Verdict
Coincheck.com trading platform has evolved in the last couple of years and enhanced its services for the global crypto community. Still, it isn’t available for US-based crypto investors and traders but it is facilitating the Japanese users with its ultimate features.
Although Coincheck crypto exchange supports a limited range of digital assets it ensures the safety of the digital assets and is hence considered to be one of the safest and secure crypto exchanges. Due to its dynamic features, it is accepted and appreciated at the global level.
