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.
Here are the available coins
Here is also a table summarising the fees charged by Btcbox exchange
|Trade||0.05% per trade|
|Withdrawal||0.01 ETH/ transaction|
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
- The exchange is FSA regulated. It gives it the essential credibility
- The exchange also offers its services at an affordable cost
- Facilitates margin trading
- 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
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.