Review on Coincheck by Olugbenga Ajayi
Coincheck offers crypto lending
Coincheck is an exchange from Japan. It was established in 2014 by Keisuke Wada and Yusuke Otsaka. The exchange is licensed and a member of the Japan Blockchain Association (JPA).
This exchange is in control of the most part of Bitcoin spot trading in Japan. Besides Bitcoin, it offers BTC, ETH, LSK and XRP. The exchange provides other services like crypto lending which allow one trader to loan another and earn the interest of 5%. It also support purchase of Bitcoin and altcoins. It equally support flat currencies majorly YEN and USD
The exchange has a platform that is intuitive and easy to navigate. It is also multilingual supporting Japanese and English language.
This exchange does not charge on takers but I consider the 0.001 BTC it charges too expensive.
The exchange uses many security features to protect assets but it may likely suffer poor patronage for a while due to the hack it suffered in 2018.
Pros
- The exchange has intuitive platform that is easy to navigate
- It is licensed and regulated
- It supports many crypto assets and flat currencies
- It supports crypto lending
- It supports mobile trading
Cons
- Tge exchange is not really secure
