Coincheck Review 2023

Coincheck screenshot

Coincheck is a leading cryptocurrency exchange and trading platform. They support 2 coins across 3 markets.

In this review, we'll cover everything you need to know before signing up. All the main features, pros and cons, included.

Coincheck Overview

Coincheck was built by Koichiro Wada and Yusuke Otsuka in 2012, and has been in operation since.

The exchange is based in Japan, and serves many customers all over the world. Provided you're in one of the supported countries, you're free to trade.

Coincheck Services

  • Spot Trading. Coincheck allows you to trade, buy, and sell, crypto on spot markets. Meaning you're trading the real thing. You can deposit and withdraw this crypto.
  • Launchpad. Coincheck has a launchpad for new, exciting tokens. Often low marketcap tokens that are yet to blossom into maturity.

Coincheck Payment Methods

Coincheck supports 10 payment method(s). You can use the following the deposit/withdraw to/from the exchange.

  • Credit/Debit Card
  • Bank Transfer

Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.

Coincheck supports over 1 fiat currencies: JPY.

Coincheck Security

Coincheck offers 2 layer(s) of security. Aside from the obvious, email and password.

    Coincheck requires KYC to use their services. KYC usually involves sharing your full details, some form of ID, and a mobile phone number.

    Coincheck Fees

    Like other centralized exchanges, Coincheck charges fees. This is how they generate revenue, and keep their operation running.

    • Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
    • Withdrawal fees. Coincheck charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by Coincheck.
    • Coincheck's maker fees: 0.1%*
    • Coincheck's Taker fees: 0.1%*

    Maker/taker fees are tiered. As you trade more and generate volume, they often fall.