Coincheck - Exchange Review

Coincheck is one of the oldest names in Japan’s crypto market. The platform started in 2014 and later became part of Monex Group. It works under the watch of Japan’s Financial Services Agency and focuses on safe trading for retail and corporate clients.

From hack to recovery

The exchange made headlines in 2018 after a major hack cost it over 500 million USD. Users got their money back, and security was rebuilt from the ground up. That event pushed Coincheck to tighten controls and work closely with regulators.

Trading activity

Coincheck handles steady volumes, usually between 60 and 100 million USD a day. Most trades are in BTC/JPY. The exchange lists only around 20 coins, but local users stick with it because of liquidity and trust.

Security and regulation

The company is fully licensed in Japan and follows strict rules for AML and KYC. Most funds sit in cold storage. Extra protection comes from two-factor login, encryption and regular audits. Since 2018, no big breaches have been reported.

Services and ease of use

Coincheck keeps things simple. Spot trading is the main product. Maker fees on top pairs are zero, and taker fees are low. There is staking for some coins and quick JPY deposits and withdrawals. The site and mobile apps are clean and easy to use. Margin and derivatives are not supported, but OTC deals work for large trades.

What stands out

• Strong regulation and backing by a major financial group.
• High liquidity in BTC/JPY and ETH/JPY pairs.
• Security improvements after the 2018 hack.
• Simple design and low fees for regular trading.

Where it falls short

• Limited choice of coins compared to big global exchanges.
• No margin or derivatives - only spot and OTC.
• Support is basic and works mostly through email.
• The service is built mainly for Japanese residents.

Who will like it

Coincheck suits users in Japan who want a safe and regulated way to trade major coins. It’s good for beginners and those who need easy JPY deposits and staking. Active traders who need leverage or a wide list of assets may find it too narrow.

Bottom line

Coincheck is a secure and straightforward platform. It’s not packed with features, but it does the basics well. For users who trade mainly in yen and value safety over variety, it’s still one of the most reliable choices in the region.