Coincheck is climbing the ranks of global cryptocurrency exchanges. The platform offers a comprehensive solution to manage your digital assets, whether they are cryptos or NFTs. Here’s everything you need to know about the Japanese crypto powerhouse.
Everything about the Coincheck platform
Coincheck is essentially a cryptocurrency exchange that offers pretty much everything you need to manage your digital assets. First of all, the platform allows users to buy and sell crypto assets starting from 500 JPY (less than 4 USD). To complement this feature, the platform allows users to easily transfer and deposit funds anywhere in the world.
For experienced traders and investors, Coincheck’s Trade View feature offers professional trading features to make the best trading decisions. Users can also block trades at favorable rates. This can be especially useful for merchants 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 works with the best security companies around the world to secure their systems. Users also require two-factor authentication during login. Otherwise, they can use cold wallets to secure their assets offline.
Other products include regular purchases for consistent and low-risk investing, lending, and payment features. Japanese users can even use the platform to pay their electricity and gas bills. Another interesting component on the site is where users can answer surveys to earn rewards in the form of cryptocurrencies. What a way to earn some extra crypto income.
Coincheck is licensed 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 businesses is increasing exponentially.
You can even manage your NFT collections
Although the Coincheck NFT platform is still in beta, it is ready to go. It is currently the first NFT marketplace in Japan powered by a crypto exchange. The sales commission is 10% of the sales price, but there are no listing fees. In addition, a small delivery fee will be charged 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. Additionally, 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 important NFT collections on the platform. These include Meebits, The Sandbox, Decentraland, Art Blocks and many others. As a side note, users will be able to purchase their Joyfa NFT sneakers from June 9th, 2022. I personally think the Diamond Walk 1-Vitamin shade looks super good.
In the meantime, follow Coincheck on Twitter to keep up to date with the latest updates in the field.