The message of the review is too important. For the people and everyone involved, it’s become more than just the brief surveys of the top crypto exchanges. Here we suggest to find out about all aspects of trading, applied payment methods, clarity of verification process and many more considering the specifics of an exchange, in particular we are interested in Coincheck features.
Coincheck is the first licensed and regulated exchange from Japan — and the first to provide financial platforms and services beyond the country, but throughout Asia. The cryptocurrency was established and welcoming on the national level in 2014.
You may not know it, but you are likely to be familiar with Monex. 9 out of 10 users are satisfied with their services. April 2018, the latter has been suspected of acquiring Coincheck Inc. We took responsibility and liberty for presuming the pros and cons. In reality, things are as this:
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Currency Pairs on Coincheck
According to our insiders, you can trade popular pairs (YEN + ETH), though the platform supports Ethereum, ETH Classic, Lisk or Ripple, Zcash, Dash, Litecoin, and many more.
Available Payment Options
Also, for now, it is reported that Visa, MasterCard, PayPal, Cash, Neteller, Skrill, Bankwire, Cryptos are presented but only Visa, MasterCard, Bankwire and Cryptos are available. But we still reveal the important details on max purchase with verification belongs to cryptos, otherwise it is limited to 10,000 dollars.
The fees of 5% via credit cards, of $25 in a case of Bankwire and 0 within crypto are to be taken into account as well. And you also would share YEN400 or YEN2500 for USD withdrawals, what means to maintain the cashout is better in crypto.
Verification and Security
Here we are revealing the important lessons our team learned from using the platform. You should supply the site with real email and phone number, photos, so that they can assure the highest level of safety of your account and funds altogether.
I think it means valuing your money and time. There are so many insecure users, that Coincheck encrypt the wallets in ‘cold storage’ beyond supporting 2-factor authentication and segregation of accounts.
If anybody tries to hack your wallet they wouldn’t be able to reach it. Your credits are out of reach till no transaction is being made. You can ask a Help Center about everything for yourself. Here are tools you’ll get: email, FAQs with response and articles in English, Japanese, Indonesian including Chinese.
Trading on Coincheck Exchange
And it’s always tough to envision your actions in the future, but we think there are a lot of options regarding orders – Limit, Market, Stop – to perform apart from Leverage (margin) trading. And in what we do there is so much counting.
Buying
Looking toward the future, we think of giving you a preview of your first steps regarding buying on Coincheck. One after the registry on the exchange, on the YEN deposit page, enroll the amount you want to add on your balance and confirm after double checking all the details on the operation.
Selling
Responding to users’ remarks in our review of Coincheck, we shortly describe the steps to take when selling on the platform. If you follow our guide on selling coins, you’ll really do have a good experience. You always have it when you sound the experts’ pieces of advice, don’t you? So, just confirm the operation via email by clicking on the sent url.