bitFlyer vs Coincheck
- Comparing
- two exchanges
- Decided by
- Editorial rating
- Last reviewed
- 2026-08-23
Japan's most established exchange, deeply wired into the domestic banking system, with a beginner screen whose spread costs far more than its order book.
Nasdaq-listed Japanese exchange with free yen transfers and the country's most-downloaded app, rebuilt after the largest crypto theft of its era.
Verdict: bitFlyer
bitFlyer rates higher on our rubric: 4.2 against 4.0 for Coincheck.
- Criterion
- Editorial rating
- bitFlyer
- 4.2
- Coincheck
- 4.0
bitFlyer and Coincheck, fact by fact
Every row is from the two reviews as of their review dates, with sources on each. A check marks the side a decidable criterion favours; rows without one are information, not a score.
| Fact | bitFlyer | Coincheck |
|---|---|---|
| Editorial rating | 4.2 (favoured on this row) | 4.0 |
| Published fees | Lightning 0.01% to 0.15% | Free yen bank transfers |
| Maker fee | Tiered from 0.01 to 0.15 percent on Lightning | Not published |
| Taker fee | Tiered from 0.01 to 0.15 percent on Lightning | Not published |
| Identity verification | Required | Required |
| Bitcoin-only | No | No |
| Payment rails supported | 1 | 1 |
| Countries ranked in | 1 | 1 |
| Ranks first in | 0 | 0 |
| Countries shared | 1 | 1 |
| Security record | No record on file | No record on file |
| Founded | 2014 | 2012 |
| Headquarters | Tokyo, Japan | Tokyo, Japan |
| Last reviewed | 2026-08-23 | 2026-08-23 |
Where both bitFlyer and Coincheck are ranked
Each country guide ranks its own roster on published fees, security record and local payment support, so the two can sit in a different order from one country to the next.
| Country | Status | bitFlyer ranks | Coincheck ranks | Comparison |
|---|---|---|---|---|
| Japan | Legal | #3 | #4 |
JapanFrequently asked questions
Is bitFlyer or Coincheck better?
bitFlyer rates higher on our rubric: 4.2 against 4.0 for Coincheck. The rating weighs published fees, security record and local payment support; the table above sets each beside the other so you can check the score against the facts.
Which is cheaper, bitFlyer or Coincheck?
bitFlyer: Lightning 0.01% to 0.15%. Coincheck: Free yen bank transfers. Those are each platform's published headline rates; card purchases and instant-buy widgets cost more than the order book on both, and each review carries the full schedule.
Where can I use both bitFlyer and Coincheck?
Both are ranked in our guides for Japan. bitFlyer is ranked in 1 countries in all and Coincheck in 1; each country guide ranks its own roster, so the two can sit in a different order from one country to the next.
Has bitFlyer or Coincheck had a security incident?
bitFlyer carries no dated security record on our review yet, a gap in our records rather than a clean bill. Coincheck carries no dated security record on our review yet, a gap in our records rather than a clean bill. Both reviews list every event with its source.
Do bitFlyer and Coincheck require ID verification?
bitFlyer: required. Coincheck: required.
The full reviews: bitFlyer and Coincheck, each with its sources, and every exchange we review.
More comparisons
Every other head-to-head bitFlyer or Coincheck appears in.