Coincheck.com Review

Suba · Jun 4, 2023

Coincheck is a crypto CEX founded by Koichiro Wada in 2014 and based in Tokyo, Japan. Available trading features are Spot and OTC trading. The Coincheck platform can be accessed via web browsers and mobile apps.
As a centralized crypto exchange, Coincheck requires ID card/passport verification, SMS verification, and new users need a selfie.
Users can deposit funds in several ways such as bank transfer (JPY), credit card, and crypto free of charge

Trading Fees are free of charge or zero fees for both takers and makers.

Withdrawal Fees
Fee for withdrawing fiat money (JPY) to a bank account is ¥407 (USD$2.90) per transaction.
Crypto withdrawal fees are different for each type of crypto and will be added to the blockchain fee which will always be different. like Bitcoin fee 0.0005 BTC, Litecoin fee 0.001 LTC

Bisolami · Jul 6, 2023

Suba said:
Coincheck is a crypto CEX founded by Koichiro Wada in 2014 and based in Tokyo, Japan. Available trading features are Spot and OTC trading. The Coincheck platform can be accessed via web browsers and mobile apps.
As a centralized crypto exchange, Coincheck requires ID card/passport verification, SMS verification, and new users need a selfie.
Users can deposit funds in several ways such as bank transfer (JPY), credit card, and crypto free of charge

Trading Fees are free of charge or zero fees for both takers and makers.

Withdrawal Fees
Fee for withdrawing fiat money (JPY) to a bank account is ¥407 (USD$2.90) per transaction.
Crypto withdrawal fees are different for each type of crypto and will be added to the blockchain fee which will always be different. like Bitcoin fee 0.0005 BTC, Litecoin fee 0.001 LTC

That is very weird. I actually believe that every platform wants to make money or every exchange so I am wondering how they make their money when they do not charge for transaction

Suba · Jul 6, 2023

Bisolami said:
That is very weird. I actually believe that every platform wants to make money or every exchange so I am wondering how they make their money when they do not charge for transaction

That's one business strategy, maybe you often find that in a shop the price of item A is cheaper than in other stores, but it will also increase the price of item B. Likewise with the Coincheck crypto exchange, it will waive trading fees but will increase withdrawal fees either fiat money or crypto.

Rubz · Jul 11, 2023

From what you've said, Coincheck.com seems like a nice centralised crypto exchange but i don't think I'll ever make use of it because i prefer making use of crypto wallets.

Coincheck.com Review

Suba

Notable

Bisolami

Very Familiar

Suba

Notable

Rubz

Somewhat Known

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