Coincheck

What is Coincheck?

Coincheck is a cryptocurrency exchange and digital wallet headquartered in Tokyo, Japan. It is the Top10 cryptocurrency exchange in the world. Coincheck operates exchanges between BTC, ETC, ETH, etc, and fiat currencies in Japan, and cryptocurrency transactions and storage in some other countries. The exchange has obtained the license of operating digital currencies exchange in Japan and is audited by the Japan Blockchain Association. Also, Coincheck is a member of the Japan Virtual Currency Business Operator Association and the General Association of FinTech. in Japan, there were more than 2,200 merchants using the Coincheck bitcoin payment solution. In April 2018, Coincheck was acquired by Monex Group for 3.6 billion yen. Capital reserves are listed as ¥ 92 million.

Who is the Founder of Coincheck?

Coincheck, inc (previously ResuPress, inc) was established in August 2012 by Koichiro Wada, a former Goldman Securities Company employee, and Yusuke Otsuka. The cryptocurrency trading service "Coincheck" started to be provided began in August 2014. In March 2017, the company name changed to Coincheck, Inc.

Both founders are current directors with Wada acting as CEO and Otsuka COO.

What are the Main Features of Coincheck?

• Coincheck Deki: Get Bitcoin by paying the electricity bill
• Coincheck Gas: To get Bitcoin by paying the gas fee
• Periodic purchases: Automatically purchase a set amount of crypto each month and lower timing risk in your investments
• Coincheck Lending: Maximum 5.0% interest rate. Users can earn interest rates by lending cryptocurrency to Coincheck.
• Credit card payments accepted

I am Not From Japan. Can I Use Coincheck?

Yes, Coincheck accepts international users. You need to provide a copy of your passport and proof of address to Coincheck, there are no restrictions on other countries.

However, if you're serious about your trading, or come from the country where cryptocurrency trading is prohibited by law, be sure to consult the local legal departments first to avoid unforeseen consequences later.

Is Coincheck Safe?

• Coincheck was hacked and approximately 500 million NEM tokens ($530 million) were stolen In January 2018. The currency was transferred through a total of nineteen accounts, one of which was found to have no connection with the hacker. Coincheck announced that it may not be able to compensate all users affected by the hack, however, Coincheck then announced that it would repay all 260,000 users affected in Japanese yen using its own capital.

However, Coincheck uses the following method to keep the trade safely and securely

• Cold Wallet: Customer assets are secured offline.
• System security: Coincheck has confirmed the security and efficiency of the systems with multiple information security firms.
• Two-Factor Authentication: Coincheck requires users to perform Two-Factor Authentication during login, helping you protect your account from malicious third parties with both a password and your phone.

Although security measures have been implemented by cryptocurrency exchanges, it can't fully guarantee the security of users' funds. In addition to depositing funds on centralized cryptocurrency exchanges, users can also choose to transfer funds to reputable wallets to reduce risk. However, each method contains certain risks, users need to compare and choose the most appropriate one based on their specific conditions.

What is the Fee of Coincheck?

• Users can fund their accounts by either bank transfer or debit and credit card if adding fiat currency.
• If the bank accounts not located in Japan, deposits will charge a flat fee of $25 or ¥2500. (Yen bank transfer deposits are not charged)
• Withdrawals can also be made to a bank account in fiat currency or cryptocurrency wallet. Withdrawals are charged at ¥400 and USD withdrawals ¥2500.
• No trading transaction fees.

For more information about the Coincheck fee, please visit the fee pages on the official site of Coincheck, click here.

How to Buy\Transfer Bitcoin on Coincheck?  

• Buy Bitcoin: Coincheck has several bank account. You can easily buy Bitcoin by depositing to a designated bank account. For more information of Buying Bitcoin with Credit and Debit cards on Coincheck, please visit the How to Deposit pages on the official site of Coincheck, click here.
• Transfer Bitcoin: You can use Coincheck wallet to send bitcoin. For more information, please visit the Transfer pages on the official site of Coincheck, click here.

How Can I Contact Coincheck Customer Service?

• Coincheck online customer support: You can visit the "help center" on the Coincheck website to get support, click here.
• Coincheck Help Center: https://faq.coincheck.com/s/?language=en_US

Or try these social media to get Coincheck customer service.

• Twitter: https://twitter.com/coincheckjp
• Facebook: https://www.facebook.com/coincheck/
• Blog: https://coincheck.blog/
• Line: https://lin.ee/88yjZCF
• Official address: 3-6 Maruyama-cho, Shibuya-ku, Tokyo 150-0044 E. Space Tower 12F  

How to Download Coincheck App?

• Coincheck for Android, click here
• Coincheck for IOS, click here