Coincheck is climbing the ranks among the global cryptocurrency exchanges. The platform offers a comprehensive solution to manage your digital assets, whether it is cryptos or NFTs. Here’s all you need to know about the Japanese crypto powerhouse.
All about the Coincheck platform
Coincheck is essentially a cryptocurrency exchange that offers pretty much everything you need to manage your digital assets. For starters, the platform allows users to buy and sell crypto assets, starting from as little as 500 JPY (less than 4 USD). To complement this feature, the platform allows users to transfer and deposit funds easily, anywhere in the world.
For experienced traders and investors, Coincheck’s Trade View feature provides professional quality trading features to make the best trading decisions. Users can also block trades at favorable rates. This can be especially useful for traders with large transaction amounts. There is even a chat feature for their trading community.
Most importantly, Coincheck prioritizes the highest level of security to protect users’ assets. The company partners with the best security firms around the world to secure their systems. Users will also require two-factor authentication during logins. Otherwise, they can choose to use cold wallets to secure their assets offline.
Other products include periodic purchases for consistent and low risk investments, lending, and payment features. The platform even allows Japanese users to pay their electricity bills and gas bills. Another interesting component on the site is where users can answer surveys to receive rewards in the form of cryptocurrencies. What a way to earn some extra crypto income.
Coincheck has a license to operate as a digital currency exchange in Japan. The company and its services have also been audited by the Japan Blockchain Association. This is an essential component as the impact that government intervention can have on Web3 companies is increasing exponentially.
You can even manage your NFT collections
Although still in its beta version, the Coincheck NFT platform is good to go. Currently, it is the first NFT marketplace in Japan operated by a crypto exchange. The sales commission is 10% of the selling price, but there are no listing fees incurred. In addition, there will be a small delivery fee depending on the applicable fee categories.
Coincheck’s Android app allows users to access their favorite NFTs from their mobile devices, providing the ultimate convenience on the go. Furthermore, buyers can use any of their crypto assets to make their NFT purchase, including BTC, ETH, XRP, XLM, etc. What an underrated feature.
You can find some major NFT collections on the platform. This includes Meebits, The Sandbox, Decentraland, Art Blocks, and many others. As a side note, users will be able to purchase their Joyfa NFT sneakers starting from 9 June 2022. Personally, I think the ‘Diamond Walk 1-Vitamin color’ looks super dope.
Meanwhile, do follow Coincheck on Twitter to stay on top of the latest updates in the space.