Coincheck

Coincheck is a popular centralized exchange based in Tokyo. Article from company cryp​todefix. The exchange emerged at the dawn of blockchain in 2014. Users of the exchange can buy and sell Bitcoin and other popular cryptocurrencies, store assets in an internal wallet, and buy NFTs. In 2018, the exchange was hacked, with hackers stealing 500 NEM, the equivalent of $400 million at the time. This is considered one of the biggest hacks in the history of the industry.

Signing up for the exchange is done by creating an account via email. To access the wallet, the user must additionally undergo two-factor authentication. A total of 18 assets and 34 cryptocurrency pairs are available to users for interaction. You can buy cryptocurrency for Japanese yen or for BTC. Trading fees on Coincheck range from 0.1% to 0.5%. There are two interfaces for trading on the exchange. An interface for beginners, where you can select a pair of tokens and specify the amount to buy, and an interface for professional traders, where there are charts, order selection options and transaction history.

Only spot trading is available on Coincheck. The user can select one of the two orders - a market order and a stop loss order. The exchange also allows users to borrow and lend funds at 5% APY. There is OTC Trading on the exchange, with its help users can make large transactions (from 2.5 BTC) with minimal fees. The beta version contains NFT-markteplace, which supports tokens on the Ethereum blockchain.

Coincheck specifics

• Spot trading
• Two types of trading terminals
• Integrated wallet
• Trading fees from 0.1%
• Lending at 0.5% APY
• NFT-marketplace
• OTC Trading