CoinCheck has been flagged by Alberta Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The reporting at CoinCheck is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Personal attention|Risk management tools|Instant funding|Tax reports included
Cons: No fractional shares|Email notifications too frequent
After doing some research AFTER the fact (I know, I should have done this first), I discovered that CoinCheck is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After spending for a few weeks now trying to make CoinCheck work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Clean UI|Automated trading options|Segregated accounts|Stable platform
Cons: Mobile app could be improved
CoinCheck advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Two-factor authentication|Instant funding|Good analytical tools
Cons: Desktop app not available on Linux|Some tools only available on higher tiers
CoinCheck locked my account without warning and demanded documents I had already submitted. for just over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Fast deposits|Fast execution|Real-time alerts
Cons: No phone support on weekends|Nothing significant
I signed up with CoinCheck through a podcast recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Tax reports included|Multi-device support|Intuitive for beginners
Cons: Help articles are sometimes vague
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that CoinCheck has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Flagged by Alberta Securities Commission|Cannot verify credentials
The only good thing about CoinCheck is that they remind you why regulation matters. I found them through a podcast recommendation. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Tax reports included|Intuitive for beginners|Portfolio tracking tools
Cons: Currency conversion fee exists
After using CoinCheck for a couple of months now, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Smooth onboarding|Comprehensive tools|Portfolio tracking tools
Cons: No crypto staking
The spread at CoinCheck is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a trusted YouTuber reviewed them and initially thought the platform was good - until I started trading seriously.
Pros: Educational resources|Social trading features
Cons: Alert system is basic|None so far