1 Level
41 Review
50 Karma
Review on Coincheck by Arun Kaul
The easiest way to buy and sell Bitcoin and cryptocurrency - CoinCheck
Coincheck is a very high-quality cryptocurrency exchange and also offers some useful additional services such as prepaid Visa cards that can be funded by Bitcoin.
The level of the technology the exchange runs on is one of the best internationally and it is also extremely easy to navigate.
The fact that the verification process for international account holders is slightly complex and may put some off.
Also, supporting additional fiat currencies to USD and JPY with options such as euro would increase international appeal.
Coincheck’s exchange also supports a range of other cryptocurrencies. Ethereum, Ethereum Classic, Lisk, Ripple, Zcash, Dash, Litecoin, and Monero are some, though not all of the other cryptos that can be traded on the exchange.
Coincheck account holders can fund their accounts by either bank transfer or debit and credit card if adding fiat currency. Yen bank transfer deposits are not charged but deposits made in USD are charged a flat fee of $25 or ¥2500 from bank accounts not located in Japan.
Account holders can also transfer supported cryptocurrency holding into their account if they wish to make cross-cryptocurrency purchases.
Like most cryptocurrency exchanges that support fiat currency deposits and withdrawals, Coincheck has two tiers of accounts that come with two levels of personal identity verification requirements.
Depositing up to $500 or withdrawing up to $300 a day requires only email address verification and a valid mobile number for SMS verification. Account holders who wish to take advantage of higher deposit or withdrawal levels will have to provide personal identification documents such as a passport or other form of government-issued ID and proof of address.
Wallets hosted by Coincheck offer 2-factor authentication security and ‘cold storage’. This means they are generally not accessible online by anyone who hacked the exchange.
Overall, Coincheck Exchange is best exchange for japanese users with fiat currency support. but anyone can use coincheck exchange around the world.
Pros
- Coincheck is very nicely designed exchange which is very easy to use.
- Credit card payments accepted in coincheck exchange.
- Coincheck exchange supports JPY and USD Fiat Currencies.
- Coincheck supports strong range of major cryptocurrencies.
- CoinCheck exchange has Good reputation in cryptocurrency market.
Cons
- Coincheck does not provide telephone or chat-based customer support.
- Verification process for international account holders is very complex in coincheck exchange.
