About Coincheck.com

Coincheck.com existence of money that everyone in the world has. Presence of money that existed before the development of civilization and evolved with the development of civilization. They will provide new technology to the world of “money” that everybody in the world meets every day, and make the movement of global money cheaper, faster and easier. And we will make the world richer and happier.

Coincheck.com is one of Asia’s biggest cryptocurrency exchanges and processed the highest volumes of Bitcoin trading in Japan over the course of 2017. More users also make use of Coincheck’s Android and iOS apps than those of any other Asian exchange. The company behind Coincheck was established in 2012 by Keisuke Wada and Yusuke Otsuka and the exchange itself began operating in 2014. Both founders are current directors with Wada acting as CEO and Otsuka COO. While nominally a Japanese exchange Coincheck is available internationally.

How To  Start With En.fenix-pay.com

To start trading with Coincheck.com, Indian residents first have to sign up for an account by following the steps below.

Step 1. Click on the “Login/Signup” link on the top right hand corner of the Coincheck.com website.

Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.

Step 3. If you have a referral code, enter the code while creating your account.

Step 4. Submit the form and wait for an activation email to be sent to you.

Step 5. Click on the “confirm email” link in the activation email.

Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Coincheck.com account.

Coincheck Trading fees

The one thing they can’t stress enough is that you must always ascertain the trading fees at any exchange you are interested in. And Coincheck has 0 (zero) fees for makers, but also 0 (zero) fees for takers. This is truly an amazing offer! It started off as a campaign but is now actually their permanent trading fees. These trading fees are naturally far below the industry average which is around 0.25% and constitutes a strong competitive advantage.

BTC: 0.0005 BTC
ETH: 0.01 ETH
ETC: 0.01 ETC
XMR: 0.05 XMR
REP: 0.01 REP
LSK: 0.1 LSK

Coincheck Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door. This exchange charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This fee is in line with or slightly below the industry average, so consider this as fair.

Security

Coincheck.com is not a licensed exchange, but it was still permitted to operate both prior to and after the hack. Coincheck took most of the usual security precautions that you would expect from a bitcoin exchange, and last year even bolstered its know-your-customer procedures for Japanese residents. That’s what makes the massive hack that hit the exchange so worrying.

But their use of the hot wallet instead of a cold wallet was a major indiscretion, and they were warned by both the NEM Foundation and regulators to ramp up security before the breach. Coincheck doesn’t comingle trader deposits and company funds, which may be what saved them from becoming insolvent following the security breach. They support two-factor authentication via SMS and Google Authenticator on iOS or Android, according to the website.

Customer Support

Like most cryptocurrency exchanges, Coincheck provides support in the form of a ‘Help Centre’ with FAQ and an email-based ticketing system for any issues that the literature provided fails to address. Languages that FAQs are provided in and support staff can respond to tickets in are Japanese, English, Chinese and Indonesian.