According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
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- WebTrader
- Regulation
- Robust security measures.
Our Evaluation of GMO Coin
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
GMO Coin is a high-risk cryptocurrency exchange with the TU Overall Score of 2.09 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by GMO Coin clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
GMO Coin is a trusted and regulated cryptocurrency platform offering a wide range of services and robust security measures. It is particularly well-suited for Japanese users seeking to trade cryptocurrencies within a regulated framework.
Brief Look at GMO Coin
GMO Coin is a Japanese cryptocurrency exchange that provides access to trading various digital assets, including Bitcoin, Ethereum, etc. Founded in 2016, it is part of GMO Internet Group, a major Japanese company listed on the Tokyo Stock Exchange. The platform is strictly regulated by the Financial Services Agency of Japan (FSA), ensuring a high level of security and reliability.
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- Strict compliance with regulatory requirements of Japan;
- Diverse trading services, including spot trading, margin trading, futures, and staking;
- Robust security measures include two-factor authentication (2FA) and cold wallet storage;
- User-friendly mobile apps with extensive trading and market analysis capabilities, including advanced charts and technical indicators.
- Focus on the Japanese market, which limits its appeal for international traders;
- Limited cryptocurrency offerings.
TU Expert Advice
Financial expert and analyst at Traders Union
Established in 2016 as a subsidiary of GMO Internet Group, a major Japanese company listed on the Tokyo Stock Exchange, GMO Coin has become one of the most reliable and regulated cryptocurrency platforms. Under the strict oversight of the Financial Services Agency of Japan, GMO Coin provides a secure and trustworthy environment for cryptocurrency trading.
GMO Coin offers a wide range of benefits, including robust security measures and a diverse choice of cryptocurrencies. The platform supports major coins such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), as well as over 20 other digital assets. GMO Coin provides a comprehensive trading experience, offering spot trading, margin trading, and futures contracts.
One of the key advantages of GMO Coin is its user-friendly interface and mobile app, enabling traders to execute trades and monitor the market on the go. The platform also offers innovative services such as automated savings and cryptocurrency loans, providing investors with additional opportunities.
Overall, GMO Coin is a reliable platform for cryptocurrency trading. It offers a high level of security, a wide range of services, and a user-friendly interface, catering to both experienced traders and novice investors.
GMO Coin Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary WebTrader platform with the support for all necessary trading features, including charts, orders, and trading history |
|---|---|
| 📊 Accounts: | Cryptocurrency account |
| 💰 Account currency: | JPY, BTC, ETH, etc. |
| 💵 Deposit / Withdrawal: | Bank transfers, bank cards, and crypto wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | Up to 1:2 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | Spot: -0,03%-0,09% |
| 🔧 Instruments: | Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market and limit |
| ⭐ Trading features: |
Regulation; Robust security measures. |
| 🎁 Contests and bonuses: | Occasional bonuses and promotions |
GMO Coin offers a trading environment suitable for institutional and retail investors. As a regulated platform, GMO Coin provides for trading a variety of cryptocurrencies and participating in staking from a single account.
GMO Coin Key Parameters Evaluation
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Regulation and safety
GMO Coin has earned a rating of 9.75/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- No successful hacks history
- Tier-1 regulation
- Cold wallet storage
- 2FA
- Government-regulated
- No investor protection fund
- Not U.S regulated
- No facial recognition
GMO Coin Security Factors
We also compared GMO Coin against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| GMO Coin | OKX | Kraken | |
| Tier-1 regulation | Yes | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is GMO Coin a regulated crypto exchange?
GMO Coin is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
GMO Coin is authorized or licensed in accordance with local regulations in the following regions: Japan.
Is verification (KYC) mandatory at GMO Coin?
Yes, KYC verification is mandatory at GMO Coin. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is GMO Coin available?
GMO Coin complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact GMO Coin support.
Is GMO Coin available in the USA?
Yes, GMO Coin is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
GMO Coin commissions and fees
GMO Coin has earned a rating of 8.5/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as GMO Coin is a platform with minimal crypto trading costs.
- Spot fee below industry average
- No deposit fee
- No Withdrawal fee
- P2P fee applied
What are GMO Coin trading fees?
We analyzed GMO Coin’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
GMO Coin trading fees vs competitors
| GMO Coin | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | -0,03 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,09 | 0,22 | 0 | 0.194 |
What are GMO Coin deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0 |
Does GMO Coin offer P2P trading?
No, GMO Coin does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
GMO Coin received a 5.5/10 rating for its deposit and withdrawal services. While GMO Coin covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank cards accepted for instant deposits
- Bank transfers for deposits and withdrawals
- No withdrawal fee
- Many cryptocurrencies for deposits and withdrawals
- No Google Pay option
- No PayPal option
- No P2P transfer option
Deposit and withdrawal options
GMO Coin supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
GMO Coin Deposit and withdrawal options vs competitors
| GMO Coin | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is GMO Coin minimum deposit?
The minimum deposit at GMO Coin is 0 USD/USDT or 0,00001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
GMO Coin minimum deposit vs competitors
| GMO Coin | OKX | Kraken | |
| Minimum deposit, USD or USDT | 0 | 10 | 10 |
| Minimum deposit, BTC | 0,00001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does GMO Coin support fiat money?
GMO Coin does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
GMO Coin received a score of 2.5/10 in this category, indicating a modest offering of assets and markets. While GMO Coin covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Staking available
- Crypto options not available
- Only — supported coins
GMO Coin supported coins and markets vs competitors
We compared GMO Coin with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| GMO Coin | OKX | Kraken | |
| Supported coins | spot not available | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
GMO Coin passive income options vs competitors
We also compared GMO Coin with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Official site | https://coin.z.com/jp/ |
|---|
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