Coincheck Exchange

Coincheck Exchange

Rank Site Location
+currency
Beginner- friendly
Trust score Buy
with…
User-vote
Score
36 coincheck Tokyo, Japan
JPY
beginner-friendly B+ buy bitcoin credit card
+ bank transf.
+ 9 altcoins
6.75


Bitcoin glossary

What is Bitcoin?

Bitcoin is a cryptocurrency developed and operated on 2009 based on the essay written by a person refer to oneself as Satoshi Nakamoto. Traditional currency's value relies on country economic state and overall trust. However, Bitcoin network adopts a trust-less system where trust is built upon networks participants. An overall bitcoin quantity is limited, where the value of bitcoin raises if a majority of people believes bitcoin have values and vice verse.

Bitcoin exchange?

Bitcoin exchange is a trading platform where bitcoin holders buy and sell bitcoins. At our bitcoin exchange, an auction market is adopted. An auction market is a market in which buyers enter competitive bids and sellers enter competitive offers at the same time. The price a bitcoin is traded represents the highest price that a buyer is willing to pay and the lowest price that a seller is willing to sell at. Matching bids and offers are then paired together, and the orders are executed. Also, bitcoin traders can buy bitcoins by depositing fiat currency to the designated bank account.

About trading fees

At Coincheck bitcoin exchange, trading fees are paid when orders are executed. Trading fees are paid in real-time. Coincheck exchange operates a dynamic maker-taker model. Maker fees are paid when you add liquidity to our order book, by placing a limit order under the ticker price for a buy and above the ticker price for sell. Taker fees are paid when you remove liquidity from our order book, by placing any order that is executed against an order of the order book. Takers and makers fee changes dynamically based on the past 30 days transaction volume.

Makers and Takers?

Makers are traders who add liquidity to our order book, by placing a limit order under the ticker price for a buy and above the ticker price for sell. Takers are traders who remove liquidity from our order book, by placing any order that is executed against an order of the order book.

What is Blockchain?

Blockchain is a distributed database that maintains a continuously-growing list of transaction records hardened against tampering and revision. Blockchain frequently described as a distributed ledger to show a relation with bitcoin. Before blockchain, every transaction had to go through intermediaries such as VISA and MasterCard. By using blockchain technology, transactions don't need to go through third-party intermediaries any more.



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