BTCBOX Broker Review

May 8, 2019

A brief Introduction Of BTCBOX

The BTCBOX cryptocurrency exchange was established in April of 2014 in Japan. It is also a member of the Japan cryptocurrency Business association. However, it has been operating under the license of the Japanese Financial Services Agency (JFSA). The exchange also met the stringent regulations laid down by JFSA. Moreover, it is not just seen to be a credible option. But it does reduce the overall risk associated with crypto trading.

To make sure your digital assets are secured, BTCBOX also has all its data protected by SSL certificates. Moreover, it comes with the 2-factor authentication for improved security.

Available Assets/Securities

Here are the available coins

	Coin	Pair
1	Bitcoin	BTC/JPY
2	Bitcoin Cash	BCH/JPY
3	Litecoin	LTC/JPY
4	Ethereum	ETH/JPY

Fees

Here is also a table summarising the fees charged by Btcbox exchange

Cryptocurrency	Activity	Fees
Bitcoin	Deposit	Free
	Withdrawal	0.001BTC/ transaction
	Trade	0.05% per trade
Bitcoin Cash	Deposit	Free
	Withdrawal	0.001BCH/ transaction
	Trade	0.1%
Litecoin	Deposit	Free
	Withdrawal	0.002LTC/ transaction
	Trade	0.1%
Ethereum	Deposit	Free
	Withdrawal	0.01 ETH/ transaction
	Trade	0.1%

Customer Support

The exchange allows users to contact them on WeChat (btcboxjp weekdays 9:00 to 17:30)

There is also a dedicated telephone line (03-6264-4993 available weekdays 09:00-17:30)

You can also whatsapp the exchange (+8180-5895-4993)

just in case you have issues you want to be resolved. There is also a ticket service, where your issues can always be resolved in 24 hours.

In addition to that we noted that most of the features and support are in Japanese language. However, it is may not be very friendly if you do not understand Japanese. There is also a chatbot to assist in resolving common issues. However, it is offered in Japanese.

Pros and Cons

Pros

The exchange is FSA regulated. It gives it the essential credibility
The exchange also offers its services at an affordable cost
Facilitates margin trading

Cons

The exchange’s primary focus is, however, in the Japanese market
Limited coins on offer
Trading of the digital assets are only traded against JPY

In Conclusion

The exchange does not offer so much in terms of trading instruments. The fact that it is regulated makes it credible among its peers. However, most traders look for a reliable and well regulated exchange. Despite the few limitations mentioned above, they can really go for Btcbox.