coban取引所

What is c0ban取引所？

c0ban取引所 is a Japanese cryptocurrency exchange that was founded in 2017. It is the only exchange in Japan that exclusively trades the c0ban cryptocurrency. c0ban (RYO) is a Proof-of-Stake (PoS) cryptocurrency that was developed by the Japanese company Coin Master. The exchaneg only list two coins: c0ban and Bitcoin., with a trading fee of 0.1%. As of September 8, 2023, the 24-hour trading volume of c0ban is only $10,000. This is a very small volume compared to other major exchanges.

Pros and cons

c0ban取引所 excels in these areas:

• FSA-registered entity, ensuring regulatory compliance.
• Enjoy low 0.1% trading fees for cost-effective transactions.
• Experience a user-friendly interface for effortless trading.
• Benefit from robust customer support in Japanese for effective assistance.

c0ban取引所 lack these areas:

• Limited to c0ban and Bitcoin cryptocurrencies on the exchange.
• Official website solely accessible in Japanese language.
• Faces low trading volume due to restricted options.
• Customer support lacks 24/7 availability, impacting assistance.
• International user access is restricted due to limitations.
• It's a small exchange with limited scope.

Regulations

c0ban取引所 is regulated by the Financial Services Agency (FSA) of Japan. The FSA has issued a regulation number for c0ban取引所, which is 関東財務局長 第00018号. The exchange is considered regulated, indicating that it operates within the guidelines and requirements set by the regulatory agency. The license type granted to c0ban取引所 is a Digital Currency License. The specific name of the license is 株式会社LastRoots. This license allows c0ban取引所 to legally operate as a virtual currency exchange in Japan, subject to regulatory oversight and compliance.

he Financial Services Agency of Japan (FSA) is a government agency responsible for regulating the financial industry in Japan. It was established in 1998 by merging the Ministry of Finance's Securities Bureau and Banking Bureau.

The FSA's main responsibilities include:

• Regulating banks, securities firms, insurance companies, and other financial institutions
• Overseeing the securities markets
• Enforcing financial laws and regulations
• Protecting consumers from financial fraud

Security

c0ban取引所 boasts that it has taken the following security measures to protect client funds:

• Cold storage: The majority of c0ban取引所's cryptocurrency reserves are stored in cold storage, which means that they are offline and not connected to the internet. This makes them much less vulnerable to attack.
• SSL encryption: c0ban取引所's website uses SSL encryption to protect customer data when it is transmitted over the internet. This helps to prevent hackers from intercepting and stealing personal information.
• 2FA: c0ban取引所 offers two-factor authentication (2FA), which adds an extra layer of security to customer accounts. With 2FA, users must enter a code from their phone in addition to their password to log in.

Cryptocurrencies available

There are only 2 cryptocurrencies listed on c0ban取引所: c0ban and Bitcoin. The exchange has a relatively slow coin listing speed, with only a few new coins being added each year. The reason for the slow coin listing speed is that c0ban取引所 is a small exchange and it does not have the resources to evaluate and list a large number of coins.

How to open an account？

Here are the steps on how to open an account on c0ban取引所:

• Go to the c0ban取引所 website and click on the “Open a free account” button.


2. Enter your email address and create a password.



3. Read and agree to the terms of service and privacy policy. Click on the “Create Account” button.

4. You will receive an email from c0ban取引所 with a verification code. Enter the verification code to verify your email address.

5. You will be asked to provide some personal information, such as your name, address, and date of birth.

6. You will also be asked to verify your identity by uploading a copy of your ID.

7. Once your account is verified, you can start depositing funds and trading cryptocurrencies.

Fees

You'll pay a 1,000 yen monthly fee if your account stays unused for 180 days; this doesn't apply if you're using the lending service. When you sell, there's a 5.000% transaction fee, and the same goes for buying. The good news is that there's no fee for sales purchases or JPY payments. Withdrawals come with a 800 yen charge or 0.1% of the amount, whichever is more. If you're dealing with c0ban warehousing, the fee is 0 RYO, but remember, there's a separate 0.0001 RYO transaction fee. Just note, this fee might change depending on future transaction volumes.

Commission	Rate	Remarks
Account maintenance fee	1,000 yen per month	Accounts that have not been used for the past 180 days will be eligible. Those who are using the lending service are not eligible.
Transaction fee (selling)	5.00%
Transaction fee (buying)	5.00%
Sales purchase fee	0.00%
JPY payment	0 Yen
Withdrawal	800 yen or 0.1% of the withdrawal amount, whichever is greater
c0ban warehousing	0 RYO	A transaction fee (0.0001 RYO) will be charged separately. Please note that the transaction fee may fluctuate depending on the increase or decrease of transaction volume in the future.

Deposit & Withdrawal

c0ban exchange don't take credit cards or convenience store transfers – only good old bank transfers.

Deposit

Now, if you're eyeing some c0ban coins, you'll need to start by depositing Japanese yen.

• Just head to the top right corner, hover over your name, and click “Deposit in Japanese Yen.”

• Setting Your Deposit Amount

Type in the amount you want to deposit in the “Deposit amount (JPY)” box, then hit the “Transfer this amount” button.

Please note that the minimum deposit requirement is 10,000 yen.


• Initiate a Transfer

  You'll see the transfer destination provided, so make sure to complete the payment to the indicated account by the deadline.

  Once this exchange verifies the payment in their account, it will be sequentially added to your trading account.

  For swift processing, please use the client name provided by our company when making the payment. (See the red-framed area in the image below)



Withdrawal

• Once you've logged into the exchange, simply move your cursor over the “Customer Name” located in the upper right corner of the screen. This will unveil a menu. Click on [Trading Account Management].

• Then you'll find details about your Japanese Yen (JPY) assets displayed. Go ahead and click on the [Withdrawal] button.

• Once you've filled in the [Account Selection], [Withdrawal Amount (JPY)], and [Transaction Password] fields in the withdrawal amount setting screen, proceed to click the [Withdraw this amount] button.

Typically, it takes approximately 3 business days from the completion of the withdrawal application for the funds to be credited. However, do keep in mind that the exact number of days required might vary based on the prevailing congestion levels. You can withdraw up to 10 million yen per transaction. For amounts exceeding 10 million yen, kindly submit multiple withdrawal requests.

For amounts up to 800,000 yen, the withdrawal fee is a flat 800 yen (including tax). If the amount exceeds 800,000 yen, the fee becomes 0.1% of the withdrawal amount (including tax).

Customer Support

When it comes to customer support, c0ban exchange operates a bit uniquely. They don't offer phone or online chat assistance, and their official website is currently only in Japanese, which might be a hurdle for non-Japanese speakers. If you're keen to keep tabs on them, you can track their updates on various social media platforms. And for those craving answers, they've got your back with a detailed Frequently Asked Questions (FAQs) section, ready to demystify their operations and offerings.



Is c0ban取引所 a Good Exchange for You？

c0ban取引所 may be a good exchange for traders in the following:

Traders who pursue lower trading fees.

Traders who resident in Japan, and speak Japanese.

Traders who prioritize a regulated trading environment.

Compare with other exchanegs

Features
Trading Fees	0.1%	Maker: 0.04%, Taker: 0.075%	Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies	2	500+	11	200+
Regulation	Regulated by FSA in Japan	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

FAQs

Q: Can I make a deposit using a bank account in another person's name？

A: Not supported. Only bank accounts in the member's name. In the unlikely event that the deposit was made from an account other than the person's name, please carry out the withdrawal procedure.

Q: What is the maximum deposit amount？

A: The maximum deposit amount per transaction is 30 million yen.

Q: What are crypto assets？

A: “Crypto assets” were originally called “virtual currencies”. The name was changed from “virtual currency” to “crypto asset” in accordance with the revised Payment Services Act that came into force on May 1, 2020. Typical crypto assets include Bitcoin and Ethereum.

Q: I want to sell all c0ban. Can I trade with decimals？

A: You can order up to the second decimal place.

Q: What is the unit of c0ban？

A: The unit of c0ban is RYO.