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Buying Cryptocurrency at Coincheck – Beginner’s Guide


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The following post will explain the process of buying Bitcoins at Coincheck using the various payment methods.

Step 1 – Create an account

Sign up to create your account on Coincheck. After creating the account make sure to verify your identity in order to be able to deposit USD, through a convenience store or through Payeasy. Depositing more than 500 USD (50,000 JPY equivalent) or withdrawing more than 300 USD (30,000 JPY equivalent) a day requires proof of identity.

 

For identity verification you’ll need to provide a government issued id and proof of residence in the form of utility bill or bank statement.

 

For added security to your account enable two factor authentication.

 

Step 2 – Deposit funds

After you identity is verified you can deposit money into your account. Choose your preferred payment method and follow the instructions for the deposit. Once your deposit goes through (can take up to several business days) you are ready to buy your coins.

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If you want to buy altcoins (i.e. any coin that isn’t Bitcoin) you can also deposit Bitcoins to your account. This can be done through the “deposit coin” tab.

 

Step 3 – Buy Coins

On the “buy coins” tab choose the cryptocurrency you’d like to buy. Enter the amount you’d like to buy, choose the currency to be used for the transaction and click on “Buy”. Remember that once you click the button the transaction is final and cannot be canceled so make sure that all the details are correct.

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Step 4 – Move the coins into your personal wallet (optional)

In order to best guard your coins it’s always advised that you keep the coins inside your own personal wallet and not in an exchange. You can use the “send Bitcoin” tab in order to send your coins to your personal wallet if you wish. For more tips about keeping your coins safe read this post.

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If you find yourself struggling at some point just contact our support and we’ll get back to you as soon as possible.

-Ofir Beigel

Coincheck Cryptocurrency Exchange