Can You Buy XRP on Coincheck’s Exchange? Here’s What You Need to Know

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If you’ve been wondering whether it’s possible to buy Ripple (XRP) on Coincheck’s exchange platform, you're not alone. Many investors have encountered conflicting information online. The good news? Yes, you can now trade XRP on Coincheck’s exchange—but there are important details and limitations you should understand before diving in.

This guide breaks down everything you need to know about buying XRP on Coincheck, including recent updates, fee structures, liquidity concerns, and how it compares with other top Japanese exchanges.

XRP Is Now Available on Coincheck’s Exchange

For a long time, Coincheck only offered XRP through its "sales desk" (販売所) — a simple buy/sell interface where prices include a built-in spread. This often meant higher costs for users, especially on altcoins like XRP.

However, as of September 4, 2024, Coincheck officially launched XRP trading on its exchange platform (取引所). This change allows users to place limit and market orders directly against the order book—without paying wide spreads.

👉 Discover how low-fee XRP trading works on a high-liquidity platform.

This update is significant because:

That said, while the feature exists, it doesn’t mean it’s always the best option.

Important Considerations When Using Coincheck’s Exchange

While Coincheck supports XRP trading on its exchange, it's crucial to recognize that Coincheck is not primarily known as an exchange-focused platform. Its main strength lies in ease of use and accessibility for beginners—not deep liquidity or advanced trading tools.

Limited Liquidity Affects Trade Execution

One of the biggest drawbacks is low trading volume and shallow order books, especially compared to more active platforms like Bitbank.

Here’s why this matters:

For example, when comparing XRP order books between Coincheck and Bitbank (Japan’s highest-volume altcoin exchange), the difference in bid/ask depth is stark—even as recently as late 2024.

“Just because a coin is listed doesn’t mean you can trade it efficiently.”
— Experienced crypto trader

So while you can trade XRP on Coincheck’s exchange, frequent traders or those dealing in larger amounts may find better results elsewhere.

FAQ: Common Questions About Buying XRP on Coincheck

✅ Can I buy XRP on Coincheck in 2025?

Yes. Both the sales desk and exchange support XRP purchases. The exchange option became available starting September 4, 2024.

💬 Is there a fee to trade XRP on Coincheck?

On the exchange, XRP trading has zero taker fees (0.000%). However, the sales desk uses a spread-based pricing model, which can be costly for altcoins.

🔍 How do I access Coincheck’s exchange?

The exchange feature is accessible only through the Coincheck mobile app, under the FAQ or support section. It's not prominently displayed on the web version.

⚠️ Why might my XRP order not execute?

Due to lower liquidity, limit orders may remain unfilled for extended periods. Consider adjusting your price slightly or using smaller order sizes.

🆚 Should I use Coincheck or another exchange for XRP?

For small, infrequent trades: Coincheck is fine.
For active trading or larger volumes: consider platforms with deeper liquidity like Bitbank or OKJ.

📱 Is the Coincheck app safe?

Yes. As part of the Monex Group, Coincheck follows strict regulatory standards in Japan and implements strong security measures, including cold storage and two-factor authentication.

Top Domestic Exchanges for XRP Trading in Japan

While Coincheck offers convenience, serious investors often turn to more robust platforms. Here are three highly recommended domestic exchanges for trading XRP and other cryptocurrencies.

1. Bitbank – Best for Liquidity & Security

Bitbank leads the Japanese market in altcoin trading volume and offers one of the most secure environments for crypto investors.

Key features:

With deep order books and reliable infrastructure, Bitbank is ideal for both new and experienced traders looking for efficient execution.

👉 Compare real-time XRP order books across top exchanges.

2. BitPoint – Lowest Fees & High Staking Yields

BitPoint stands out for its near-zero cost structure:

It’s particularly attractive if you plan to hold and grow your assets through staking, all while minimizing transaction costs.

Note: Japanese yen withdrawal fees apply after the first monthly withdrawal (¥330).

3. OKJ (OKCoin Japan) – Narrowest Spreads & Broadest Support

OKJ excels in minimizing costs on the sales desk, making it perfect for regular investors who prefer simplicity over complexity.

Why choose OKJ?

Because most Japanese exchanges only allow sales desk-based purchases for their savings plans, OKJ gives you the most cost-effective way to accumulate crypto over time.

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To ensure visibility and relevance in search results, this article naturally integrates the following keywords:

These terms reflect common user search intents related to purchasing and trading XRP within Japan’s regulated market.

Final Thoughts: Is Coincheck Right for Your XRP Strategy?

Coincheck has made strides by adding XRP to its exchange platform—but it still lags behind competitors in liquidity and trading performance.

✅ Use Coincheck if:

❌ Choose another exchange if:

Ultimately, having options empowers you. Whether you start with Coincheck or move to a more advanced platform, understanding the nuances of each service helps you trade smarter.

👉 Start trading XRP with low fees and high liquidity today.

By staying informed and choosing platforms aligned with your goals, you can maximize efficiency, reduce costs, and build confidence in your cryptocurrency journey—right from Japan.