Japan is one of the most friendly destinations for cryptocurrencies in the world. As a result, crypto businesses thrive there, and it has one of the highest numbers of crypto users in the world.
Because the demand for crypto is on the increase, demand for crypto exchanges is also on the rise. If you live in Japan, you may be wondering which exchange you can use to easily buy or trade cryptocurrencies.
Well, that depends on what you want. The choice of a crypto exchange depends on many factors, including fees, ease of use, number of supported assets, etc. Based on the factors and any others not listed, here are some of the best crypto exchanges you can use in Japan to carry out your crypto business.
This is one of the best crypto exchanges based in Japan. It has the highest Bitcoin trading volume in the country, and is suitable for both beginner and experienced users. It has a beginner-friendly version known as the standard bitFlyer exchange, and an advanced trading platform named BitFlyer Lightning.
Users also enjoy proprietary Crypto Credit Cards, BTC earning services, and a T-Point exchange for Bitcoin, giving them a variety of ways to enjoy the platform as well as earn some extra rewards. However, it only supports 19 crypto assets currently.
bitFlyer is regulated in Japan and is a Platinum member of the Japan Blockchain Association (JBA). Japanese Yen deposit methods include Bank Transfer, Credit/Debit Card, Convenience store (Konbini), Internet Banking (AEON Bank, Pay-easy, SBI Sumishin Net Bank) & more.
Bitbank is another top Japanese crypto exchange to use in Japan. It has a top-rated Crypto trading app on the Japanese Apple App Store, and it belongs to the rare breed of exchanges that provide instant verification for customers.
The platform also provides lending services where users can lease their assets to Bitbank in return for a 3% yield. It is also a regulated exchange, and a member of the Japan Crypto Asset Trading Association under registration number 0004.
Deposit methods include GMO Aozora Net Bank & Sumishin SBI Net Bank for 24 cryptocurrencies. It also charges lower fees for JPY deposits than bitFlyer.
Bybit is a derivatives crypto exchange headquartered in Dubai. Even though it recently moved its headquarters to the middle east, it has already won the hearts of users in Asia where it started. This is evident as Bybit remains the preferred crypto exchange for Japanese customers till date.
Bybit is known for its beginner-friendly user interface, as well as low trading fees, and has features specially tailored to suit Japanese users. There are many JPY deposit options, including JPY deposit methods, including bank transfers, Line Pay, JCB cards, credit and debit cards, PayPay, Japan Post Bank, PayPal, and Wise.
The exchange also supports a whopping 770 crypto assets, making it ideal for altcoin users. Of course, the exchange is regulated in Japan, just like it is regulated worldwide wherever it operates.
Binance is the world’s largest crypto exchange by trading volume, and one of the favorites in Japan. Like Bybit, it is a top derivatives exchange known for its abundance of liquidity and a large number of support assets.
Because of its deep liquidity, it is a platform where users can trade seamlessly at low fees, making it an attractive option. JPY deposit methods include Bank Transfer, Line Pay, Credit/Debit Card & Japan Post Bank.
The deposit and withdrawal fees for JPY are kind of high though, so you should have that in mind when using the exchange. It also isn’t specifically registered or regulated in Japan yet.
Conclusion
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If you’re a crypto investor or even an intending one in Japan, the above are crypto exchanges to consider using when you want to buy, sell, or even trade your assets.
They provide services that particularly suit Japanese customers, so you may find them more suitable than other global exchanges.
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