Yes, you can buy Ripple (XRP) on Coincheck — and it’s easier than you might think. Despite rumors circulating online, Coincheck officially launched XRP trading on its exchange platform on September 4, 2024, making it one of the most accessible Japanese exchanges for investing in this major cryptocurrency.
This guide breaks down everything you need to know about purchasing XRP on Coincheck’s exchange, including step-by-step instructions with visuals, an explanation of fees and spreads, and how Coincheck compares to other top domestic crypto platforms. Whether you're a beginner or just verifying facts, this article gives you accurate, up-to-date insights into XRP trading in Japan.
👉 Discover how to start trading XRP efficiently today.
Can You Buy Ripple (XRP) on Coincheck’s Exchange?
Let’s clear the confusion once and for all: Yes, you can buy XRP on Coincheck’s exchange.
As of September 4, 2024, Coincheck expanded its exchange offerings to include Ripple (XRP), allowing users to trade directly through the order book system. This is great news for investors looking for lower-cost, market-based pricing instead of relying on the higher spreads associated with the “sales desk” (tenshōjo).
According to Coincheck’s official X post, the addition of XRP was part of a broader effort to enhance trading flexibility and support more digital assets.
Supported Cryptocurrencies on Coincheck (as of March 2025)
Coincheck now supports trading for approximately 19 cryptocurrencies on its exchange, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Shiba Inu (SHIB)
- Dogecoin (DOGE)
- Avalanche (AVAX)
- NEM (XEM)
- Immutable (IMX)
- Wrapped Bitcoin (WBTC)
- Ethereum Classic (ETC)
This diverse selection makes Coincheck a solid choice for both mainstream and niche crypto investors.
Understanding Fees and Spreads on Coincheck
One of the most important distinctions when using Coincheck is understanding the difference between its Sales Desk (Tenshōjo) and Exchange (Kōsaijo) services — especially in terms of cost.
What Is a Spread?
The spread refers to the difference between the buying price and the selling price of an asset.
For example:
- You buy 1 XRP at ¥500
- You sell 1 XRP at ¥450 at the same moment
- The spread = ¥50, or 10%
This gap acts as a hidden fee — you lose value immediately upon purchase due to the price difference. On Coincheck’s sales desk, this spread averages around 9.1% for XRP, based on data analyzed from May 1, 2020, to March 2, 2025, referencing rates from the Japan Virtual and Crypto Assets Exchange Association (JVCEA).
While convenient, the sales desk model often results in higher effective costs over time.
Why Use the Exchange Instead?
On Coincheck’s exchange, trading happens peer-to-peer via an order book. There is no built-in spread, and trading fees for XRP are currently free. This means you get much closer to the real market price, improving long-term investment efficiency.
👉 Compare real-time spreads and save on transaction costs with advanced trading tools.
Step-by-Step: How to Buy XRP on Coincheck Exchange (With Visual Guide)
Here’s how to purchase Ripple (XRP) using Coincheck’s exchange via the mobile app:
- Open the Coincheck app and tap "Discovery" from the home screen.
- Scroll down and select "FAQ & Contact".
- Tap the menu icon (☰) in the top-left corner.
- Choose "Coincheck Exchange" from the menu.
- Select "Spot Trading", then find and tap XRP/JPY.
- Enter your desired amount (minimum: ¥500).
- Choose between market order or limit order, then tap "Place Order".
- Confirm the details and tap "Place Order" again.
- A confirmation screen will show: "Order Placed".
That’s it! Your trade will execute based on current market conditions.
While the process may feel unfamiliar at first, regular use makes it intuitive. For those serious about cost-effective investing, mastering the exchange is well worth the effort.
Top Recommended Japanese Cryptocurrency Exchanges
All platforms listed below are registered with Japan’s Financial Services Agency (FSA), ensuring compliance and security.
Coincheck – Over 5.4 Million App Downloads
Coincheck stands out for its user-friendly interface and broad adoption:
- Over 5.4 million app downloads
- Supports 31 cryptocurrencies (as of January 2025)
- Easy fiat-to-crypto purchases in JPY
- 24/7 instant deposits
- Recurring investment plans with auto-debit from bank accounts
It's ideal for beginners and long-term investors alike.
GMO Coin – Low Fees & Advanced Features
GMO Coin offers competitive advantages for active traders:
- Among the lowest trading fees in Japan
- Over 28 supported cryptocurrencies (as of December 2024)
- Strong security with zero hack incidents since launch
- Free withdrawals to MetaMask — perfect for NFT enthusiasts
- High-performance trading tools
Its integration with GMO Internet Group adds credibility and stability.
BitPoint – Invest in Unique Tokens
BitPoint excels in offering rare or newly listed tokens:
- Access to exclusive cryptocurrencies not available elsewhere
- Part of the reputable SBI Group
- Low transaction fees
- Beginner-friendly mobile app
- Minimum investment from just ¥500
While it doesn’t support direct exchange trading via app yet, its simplicity appeals to new users.
bitFlyer – Industry-Leading Security
bitFlyer remains a gold standard in security:
- No history of hacking since inception
- Trade crypto from as little as ¥1
- Seamless integration with T Points for rewards
- Trusted by millions and FSA-regulated
- Intuitive UI suitable for beginners
A top pick if safety is your priority.
Frequently Asked Questions (FAQ)
What Is the Difference Between Coincheck’s Sales Desk and Exchange?
| Feature | Sales Desk | Exchange |
|---|---|---|
| Price Setting | Set by Coincheck (includes spread) | Set by market (user-driven orders) |
| Trading Cost | No explicit fee, but high spread (~9.1% for XRP) | Free for XRP trades |
| Trading Method | Instant buy/sell at fixed price | Order book trading (limit/market orders) |
| Spread | Yes, built-in | No |
| Ease of Use | Very easy – ideal for beginners | Slightly complex but more control |
| Price Efficiency | Less favorable due to markup | Closer to true market value |
Are There Fees When Buying XRP on Coincheck’s Exchange?
No. There are no trading fees when buying or selling XRP on Coincheck’s exchange. However, remember that using the sales desk incurs a spread — which functions like a hidden fee.
Source: Coincheck Fee Page
Does the Sales Desk Spread Stay Constant?
No. The spread fluctuates based on market demand, time of day, and trading volume. High volatility often leads to wider spreads, so timing your purchase can impact cost efficiency.
Which Is Better: Limit Order or Market Order?
- Market Order: Executes immediately at the best available price — best when you want speed.
- Limit Order: Lets you set a specific price — better if you’re aiming for a favorable rate during volatile periods.
For urgent trades, use market orders. For strategic entries, limit orders give more control.
👉 Master limit and market orders with professional-grade trading features.
Final Thoughts: Yes, You Can Buy XRP on Coincheck
To summarize:
- ✅ XRP is available on Coincheck’s exchange as of September 4, 2024
- ✅ Average sales desk spread for XRP: ~9.1%
- ✅ Exchange trading offers free XRP transactions and better pricing
- ✅ Opening an account takes less than 5 minutes
If you're investing in XRP or exploring digital assets in Japan, Coincheck provides a reliable, regulated environment with growing functionality.
Whether you choose Coincheck, GMO Coin, bitFlyer, or BitPoint depends on your priorities — be it low fees, security, unique tokens, or ease of use. But one thing is clear: accessing XRP has never been easier through legitimate Japanese exchanges.
Start smart. Trade efficiently. And always make informed decisions based on transparent data — not rumors.