Purchasing cryptocurrency (virtual assets) requires depositing Japanese yen into a cryptocurrency exchange. Coincheck offers three deposit methods: bank transfer, convenience store payment, and quick deposit.
This guide covers:
⚠ Important Note: For multi-chain compatible currencies (ETH/BAT/ENJ/SAND/FNCT/CHZ/LINK), use the ERC20 network on Ethereum. Sending via incompatible networks may result in permanent loss. Learn more here.
Deposit Methods for Coincheck
1. Bank Transfer
The most standard method, featuring ¥0 deposit fees (bank transfer fees may apply).
Steps:
- Navigate to Deposit/Withdrawal → Select "Deposit via Bank Account."
- Verify account details and transfer funds to the designated account.
📌 Key Update: Since October 9, 2018, Japan’s banking system (More Time System) enables 24/7 instant transfers for participating banks. Non-participating banks process transfers the next business day.
👉 Learn more about banking networks.
2. Convenience Store Payment
Deposit cash at any convenience store in Japan for instant reflection in your account.
Fees:
- ¥770 (<¥30,000)
- ¥1,018 (¥30,000–¥300,000)
Steps:
- Select "Convenience Store Payment" under Deposit/Withdrawal.
- Choose a store and complete payment within the deadline.
🔐 Requirement: SMS authentication must be enabled.
3. Quick Deposit (Pay-easy)
A 24/7 deposit method via PC, mobile, or ATM. Ideal for urgent transactions.
Fees:
- ¥770 (<¥30,000)
- ¥1,018 (¥30,000–¥500,000)
- 0.11% + ¥495 (≥¥500,000)
Steps:
- Select "Quick Deposit" and confirm the amount.
- Generate payment info and verify the reference number.
⚠ Check your bank’s compatibility before proceeding.
How to Deposit Cryptocurrency
- Log in to Coincheck and select "Receive Coins."
- Choose the cryptocurrency and copy its unique wallet address.
- Send assets to the address. After blockchain confirmation, funds will reflect in your account.
❌ Critical Reminder:
- Double-check the address and cryptocurrency type.
- Test with a small amount first.
Withdrawal Methods
Withdrawals are bank transfers only (JPY). Processing takes 1–2 business days.
Requirements:
- Complete identity verification (SMS, ID documents, and postcard receipt).
Tips for First-Time Traders
1. Familiarize Yourself with the Exchange
Practice with small trades to avoid errors.
2. Start with Surplus Funds
Use disposable income to minimize risk.
3. Diversify Investments
Spread assets across multiple cryptocurrencies to mitigate volatility.
Long-Term Trading Strategies
- Hold assets for months/years to reduce stress from short-term fluctuations.
- Avoid leveraged trading if inexperienced.
👉 Explore secure trading practices.
FAQ
Q1: What’s the fastest deposit method?
A: Quick Deposit (instant) or Convenience Store Payment (same-day).
Q2: Can I recover funds sent to the wrong address?
A: No. Always verify addresses before sending.
Q3: Are there fees for bank withdrawals?
A: Fees depend on your bank. Coincheck charges no additional fees.
Summary
- Deposit JPY via bank transfer, convenience store, or quick deposit.
- Send crypto to your unique Coincheck wallet address.
- Withdrawals require verified ID and take 1–2 days.
Start with low-risk strategies and diversify holdings.
🚀 Ready to trade? Sign up with Coincheck today!
Disclaimer: Cryptocurrency trading involves risk. This content is for informational purposes only.