Coincheck

## What Is Coincheck? Coincheck is a cryptocurrency [centralized exchange](https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex) (CEX) with a global community and a key user base in Japan. One of the leading crypto platforms in Asia (in terms of [liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity), [trading volume](https://coinmarketcap.com/alexandria/glossary/trading-volume) and traffic) is registered under Japanese authorities, regulated by Japan’s Financial Services Agency (FSA) and audited by the Japan Blockchain Association. The Japanese exchange supports 17 popular large-cap cryptocurrencies. The Japanese yen is the main currency, though the US dollar is also accepted. Users can make [fiat](https://coinmarketcap.com/alexandria/glossary/fiat) deposits through bank transfers or bank cards, digital assets of a customer are stored in a [cold wallet](https://coinmarketcap.com/alexandria/glossary/cold-wallet). Coincheck's other products and services include: [OTC](https://coinmarketcap.com/alexandria/glossary/over-the-counter-otc) (over-the-counter) trading, [initial exchange offerings](https://coinmarketcap.com/alexandria/article/what-is-an-ieo) (IEOs), Coincheck Denki (pay electric bills with Bitcoin), Coincheck Gas (pay gas bills with Bitcoin), Coincheck Survey (answer surveys and earn crypto) and Lending. Furthermore, the platform also has a [non-fungible token](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) (NFT) marketplace and [staking](https://coinmarketcap.com/alexandria/glossary/staking) service in beta. The platform serves more than 1.5 million clients and has a trading terminal (both a web version and a mobile app), as well as the main tools for trading assets on the global market. ## Who Are the Coincheck Founders? It was launched in April 2012 by crypto enthusiasts Yusuke Otsuka (COO) and Koichiro Wada (CEO / CTO). Yusuke Otsuka graduated from the University of Waseda with a Master's Degree in Quantum Mechanics. Prior to Coincheck, Otsuka was a UX Designer at Nexway. Koichiro Wada has been programming since the age of 8 and proved himself at various hackathons. He studied at the Tokyo Institute of Technology, also known as Tokyo Tech, founded ResuPress and developed STORES.jp. In 2018, the project was acquired by an influential online brokerage company — Monex Group, Inc. As a result, Toshihiko Katsuya took over the role of Representative Director, and Oki Matsumoto now holds the position of Director on the Executive Board. ## Where Is Coincheck Located? The Japanese centralized exchange is headquartered in Tokyo. ## Coincheck Restricted Countries U.S. investors are restricted from using the exchange. ## What Coins Are Supported on Coincheck? In addition to trading [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC), Coincheck lists other notable altcoins as well, such as: [ETH](https://coinmarketcap.com/currencies/ethereum/), [ETC](https://coinmarketcap.com/currencies/ethereum-classic/), [XRP](https://coinmarketcap.com/currencies/xrp/), [LTC](https://coinmarketcap.com/currencies/litecoin/), [XLM](https://coinmarketcap.com/currencies/stellar/), [ENJ](https://coinmarketcap.com/currencies/enjin-coin/), [SAND](https://coinmarketcap.com/currencies/the-sandbox/), [DOT](https://coinmarketcap.com/currencies/polkadot-new/) and more. ## How Much Are Coincheck Fees? The exchange charges [maker and taker](https://coinmarketcap.com/alexandria/glossary/market-maker-market-taker) fees for trading, which depends on the cryptocurrency. BTC maker-taker is 0%, while ETC is 0.05% (maker) and 0.10% (taker). Coincheck’s marketplace charges a fee of 0.1% to 5%. For deposits and withdrawals, each coin carries its own withdrawal fee, for example, the fee for withdrawing BTC is 0.0005 BTC. Deposit fees depend on the deposit method and amount of funds. ## Is It Possible To Use Leverage or Margin Trading on Coincheck? The exchange doesn’t offer [margin trading](https://coinmarketcap.com/alexandria/glossary/margin-trading) and [leverage](https://coinmarketcap.com/alexandria/glossary/leverage).