RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

BTCBox

BTCBox Exchange Review

Centralized

Cryptocurrency exchange BTCBox was established in Japan in April 2014 by BTC Box Co., Ltd. BTCBox is a member of the Japan Cryptocurrency Business Association (JCBA) – an association that provides support to banks and other business entities that launch crypto projects in the Japanese market. It seems that they also operate under license from the Japanese Financial Services Agency (JFSA) – a financial regulatory agency based in Japan.

A review of BTCBox shows that this fiat-to-crypto exchange originally only served the crypto space via one market and one currency pair, namely BTC/JPY. Today they seem to offer more than one JPY-to-crypto currency pair, including JPY-to-crypto currency pairs that include Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH). This effectively boils down to trading only being available in Japanese Yen (JPY).

The BTCBox website is available in Chinese, English and Japanese, but the options available in English are extremely limited as it is only partially translated. It is unclear if the same can be said of the Chinese version of the website. Chances are that BTCBox focuses primarily on the Japanese market. A BTCBox review also shows that they started Bitcoin lending in February of 2016. They seem to offer both spot and margin trading as well as finance.

BTCBox seems to enjoy the support of banks in Japan. They accept deposits in JPY and there don’t seem to be any deposit fees, although withdrawals seem to attract fees. In addition, margin trading doesn’t seem to be instant.

Two-factor authentication (2FA) seems to be available as a security option.

  • 24h Trading Volume

    7217.320 BTC
  • Establish date

    2018
  • Headquater

    Japan

BTCBox Exchange Review

  • BTCBox Deposit fees

    Free
  • BTCBox Trading fees

    BTC : Free

    Altcoins: 0.20%

  • Fiat Deposit

    JP¥
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    Yes

BTCBox Exchange Score Analysis

BTC box is a Japanese based crypto currency exchange site. There are a number of concerns with BTCbox the first one being is the poor underdeveloped website. Another concern is that there are only four tradable markets with four tradable pairs, which is significantly below the average. In addition BTCbox has an above average commission fee on trades. The team is also a concern. The CEO does not have much experience in management positions and there is no security specialists on the team. Our last concern includes a lack of insurance in the case of a hack.