In this article, you'll learn:
- Why XRP may not be available for purchase on certain exchanges.
- Key considerations when using cryptocurrency exchanges.
Introduction
Coincheck, operated by Monex Group, is Japan's largest cryptocurrency exchange. Beyond trading, it offers services like accumulative investments, NFT trading, and crypto lending.
Update: As of September 4, 2024, XRP became available for trading on Coincheck’s exchange.
Previously, XRP was only purchasable via Coincheck’s "over-the-counter" (OTC) platform, which often had wide spreads. Now, traders can execute zero-fee transactions on the exchange.
Key Considerations When Using Coincheck Exchange
Supported Assets and Fees
Coincheck’s exchange supports multiple cryptocurrencies, mostly with zero trading fees:
| Asset | Taker Fee |
|--------|-----------|
| BTC | 0.000% |
| ETH | 0.000% |
| XRP | 0.000% |
| DOGE | 0.000% |
| SHIB | 0.000% |
⚠️ Exceptions:
- IOST, FNCT, and BRIL incur a 0.1% fee.
Liquidity Challenges
Coincheck’s exchange has lower liquidity compared to competitors like Bitbank, affecting:
- Order execution speed.
- Fair price discovery (especially for altcoins like XRP).
💡 Pro Tip: If you prioritize fast trades, consider exchanges specializing in high-volume trading.
Recommended Domestic Exchanges
1. Bitbank
Pros:
- Highest altcoin trading volume in Japan.
- Advanced TradingView integration.
- Negative maker fees (-0.02%).
2. Bitpoint
Pros:
- Zero trading and withdrawal fees.
- High-yield staking options.
3. OKCoin Japan
Pros:
- Tightest spreads for OTC trades.
- Supports 40+ cryptocurrencies.
FAQ
Q1: Why couldn’t I buy XRP on Coincheck earlier?
A: Regulatory approvals and exchange infrastructure updates delayed XRP listings.
Q2: Is Coincheck’s exchange accessible via desktop?
A: No—only through the Coincheck mobile app’s FAQ/contact page.
Q3: Which exchange has the lowest XRP spreads?
A: OKCoin Japan typically offers the narrowest spreads.
Conclusion
Coincheck now supports XRP trading with zero fees, but liquidity constraints may impact active traders. For alternatives, explore:
👉 Bitbank (Best for high-volume trading)
👉 Bitpoint (Best for fee-free transactions)
Always verify real-time liquidity before executing large orders.
Keywords: Coincheck, XRP, Ripple, cryptocurrency exchange, Bitbank, trading fees, liquidity.
Anchor Texts:
👉 Bitbank - High-Volume Altcoin Trading
👉 Zero-Fee Crypto Trading on Bitpoint