Coincheck Review – Making Cryptocurrency Trading Easy and Quick

Posted on April 25, 2022

Coincheck Review

Coincheck is a Tokyo-based centralized crypto exchange. It is also a Monex Group subsidiary. Coincheck is one of the leading Digital Asset and Crypto exchange networks in Japan, serving over 1.5 million verified clients, accounting for 28% of the 5.5 million crypto holder in Japan by December 2021.
According to CoinGecko data, the marketplace handled a daily trading volume of about $111,697,954 as of 30 March. Coincheck’s Tradeview allows investors to trade $BTC easily without transaction charges, whereas the block trades functionality helps complete massive transfers at premium prices over weekday hours.

Key Features

Some of the top-notch features by Coincheck are:

  • Coincheck Lending

Investors using the platform can loan out their additional cryptos and utilize Coincheck’s lending option to expand their assets. Traders can earn a max of 5% interest by lending out Ethereum, Bitcoin, NEX, Ripple, and other cryptocurrencies available on the network.

  • Periodic Payment Plans

The periodic purchases functionality allows users to buy fixed crypto assets each month, lowering the timing risks.

  • Coincheck Denki

Coincheck Denki allows users to pay electricity bulls with $BTC. Moreover, clients earn rewards and cash back with this feature.

  • Coincheck Survey

This feature lets individuals answer surveys on the platform. They then receive BTC, ETH, or XRP.

  • Coincheck Gas

Also, Coincheck boasts functionality that allows users to pay gas bills with BTC and receive cash rewards.

Metaverse and NFT Marketplace

Coincheck NFT is the first non-fungible market in Japan, run by a crypto exchange. The network provides NFT trading cards and partnered with the blockchain game Crypto Spell and SKE48, an idol group. Moreover, the NFT marketplace offers trading Sorare cards services on the network. It is a new blockchain game that reflects real-world soccer results on the game scores.

The platform targets to offer a Metaverse experience through the Oasis KYOTO. Its future city set to launch on Decentraland in 2035.

Conclusion

Users can also buy or sell cryptocurrency for a 500 JPY (minimal) on the exchange. Coincheck BTC Wallet is available on iOS and Android networks. You can navigate their official website for more Coincheck info.

Stay tuned for more market updates.

Editorial credir: T. Schneider / shutterstock.com