Coincheck is a Tokyo based bitcoin wallet and exchange service, and they began operations in 2014. Coincheck users have the options of trading between Ether/Bitcoin and fiat currencies in Japan, and transactions in some parts of the world.
(Image Source : https://www.coinbase.com/)
Features
For every exchange platform, users look forward to seeing and using easy-to-use powerful features, backed with tight security. Coincheck is one platform that has all the attributes of an exchange with vision.
- Intuitive Interface: The Coincheck platform comes with a simple, responsive and intuitive interface, which can make trading more interesting, without the usual rigor and dreariness experienced on some other exchange platforms.
- Multiple Applications: On the platform, there are solutions for veteran traders, beginners, and also diverse options for businesses and investors who want to venture into the crypto world.
- Easy Trading: Coincheck users have a good platform for simple and fast trading. Selling and buying of cryptocurrencies happens within minutes. The system supports a lot of popular digital coins, and this contributes to the flexibility of the website which traders love.
- Security: Security is a priority when picking the right digital currency exchange platform. Coincheck uses a cold storage technology to store digital currency; this prevents unwanted attacks from cybercriminals. There is also the inclusion of a two-factor authentication system for better security.
- Investor and Business Solutions: Coincheck has solutions in place for investors and business solutions that will enable the businesses integrate with the platform and make cryptocurrencies a mode of payment which they will be able to accept on the platform, thereby making more room for customers and profit. Coincheck offers investors the platform to lend cryptocurrency and receive interests on the loans.
- Mobile Applications: Coincheck platform comes with cross platform mobile applications across iOS and Android devices. This enables users do their trading and transactions while on the move.
- Co-branded Debit Card: Coincheck offers its users a Visa backed debit card that can be used to top up Bitcoins.
Users on the Coincheck platform have a variety of cryptocurrencies to trade with, and also one fiat currency which is the Yen. Here is a list of cryptos supported by Coincheck.
- **Bitcoin
- **Bitcoin Cash
- **Ethereum
- **Ethereum Classic
- **Zcash
- **Ripple Coin
- **Augur
- **Factom
- **Monero
- **Lisk
Signing up on the Coincheck platform is easy and straightforward. After signing up, the next thing is to add a bank account where the user can deposit Japanese Yen. Adding a bank account will require a couple of verifications. It is a smooth sail after verification, as the user can start trading cryptocurrency.*
Pros
• Coincheck enjoys the support of the Japanese government.
• Users can enjoy leveraged and spot trading.
• Deposits can be done in both cryptocurrencies and fiat currencies.
• It has an e-wallet feature.
• Deposits can be made through debit and credit cards.
• Coincheck has its own debit card which it issues to users.
Cons
- **The only fiat currency available is the yen.
- **Poor customer service.
Coincheck is one of the top exchanges in the world and is a leader in the Japanese cryptocurrency market. However, there is room for a lot of improvements, including their customer support.