Table of Contents
Japan is quickly becoming a top spot for trading in digital assets. More and more cryptocurrency exchanges are meeting the needs of both new and expert traders. This piece will dive into the top 10 cryptocurrency exchanges in Japan, using verified information. You’ll find platforms for straightforward trading, those with advanced tools, and options for quick purchases. Japan offers something for everyone in the digital market.
Key Takeaways:
- Binance, a leading global exchange, has won over 180 million users in Japan since its launch in China in 20171.
- Japan counts several respected exchanges, such as BitFlyer, with a sizeable user base of 2,500,0002.
- With over 20 local exchanges approved, Japan is booming with growing crypto fans3.
- Japan’s exchanges offer various features like spot trading, margin trading, and staking. This lets users shape their trading to fit their goals123.
- Japan’s supportive crypto laws and rise in blockchain firms are making cryptocurrency trading more popular. This trend is seen across the country3.
Coincheck – Largest Crypto Exchange in Japan
Coincheck is the largest cryptocurrency exchange in Japan4. It serves over 2.5 million users and stays in the top 20 exchanges worldwide4. Since 2012, it has been a go-to place for Japanese traders4.
This platform offers a wide range of cryptocurrencies and a simple interface4. It’s well-loved by Japanese users, who are its main users4.
Security and following the rules are important to Coincheck4. Monex Group, Inc., a top financial services company, bought it in April 20184. This deal helps Coincheck keep trading safe by checking who users are and stopping money laundering4.
One cool thing about Coincheck is letting people in Japan pay certain bills with their app4. You can trade around 22 cryptocurrencies and even NFTs there4. In March 2021, they opened the first NFT marketplace in Japan, called Coincheck NFT4.
Coincheck works great for Japanese traders, even with some limits like not very advanced trading options5. It can be a bit more expensive than some global exchanges too5. But, its excellent reputation, easy-to-use website, and strong security keep people coming back. User funds are kept very secure, with extra security steps like Two-Factor Authentication5.
They also have helpful features like Periodic Purchases and lending for your coins5. You can even pay for things like electricity with your cryptocurrency5. Coincheck offers good rates for big trades on certain days too5.
As for following the rules and being legit, the Japanese government approved Coincheck in 20194. They keep your virtual money really safe, either offline or in a safe spot online5. Your money is separate and safe with known banks5.
Coincheck had a big problem when it was hacked, but they fixed things by repaying customers4. This incident pushed them to make sure it can’t happen again with tight security rules4.
Coincheck keeps growing and doing more in Japan’s cryptocurrency market. Joining forces with Thunder Capital will make it even better, putting it on the Nasdaq6. This merger shows Coincheck’s worth is about $1.25 billion, proving it stands out6. With 1.5 million verified customers, it’s a key player for 28% of Japan’s cryptocurrency owners6.
As the top exchange in Japan, Coincheck is loved for being easy to use, offering many coins, and being very safe45. It’s trusted because of its good reputation, sticking to the law, and new services45.
Bitflyer – Second-Largest Crypto Exchange in Japan
Bitflyer is Japan’s second-largest crypto exchange. It serves over 1 million users.
Bitflyer stands out for its many cryptocurrencies, top-notch trading tools, and a platform for serious traders and investors. It also has a handy mobile app for trading on the move.
The platform’s fees for trading might be higher, but it offers good rates for different trading levels. For simple buying and selling, fees start at just 0.10%. But, they could go up to 6% too.
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For advanced traders, Bitflyer’s Lightning Exchange gives even lower fees. Depending on how much you trade, fees can vary. They start at 0.10% for under $50,000 and drop to 0.03% for over $500 million.
Bitflyer takes security seriously. It keeps more than 80% of its users’ crypto offline. This keeps your assets safe.
However, there’s a $20 wire withdrawal fee. Plus, different crypto withdrawals have different fees, including BTC, ETH, ETC, LTC, and BCH.
Bitflyer is praised for its commitment to rules and security. It was the first to get a license in Japan, the U.S., and the E.U. This shows it’s dedicated to a safe and open trading space.
Bitflyer supports well-known cryptos like Bitcoin, Ethereum, and Litecoin. This gives users many choices for their investments.
With an easy-to-use site, strong security, and backing major cryptocurrencies, Bitflyer is a top pick for a trustworthy exchange in Japan.
Why Choose Bitflyer?
“Bitflyer is perfect for serious traders and big investors. It offers many cryptos, advanced tools, and high security. Its simple interface and popular cryptos keep it at the forefront in Japan.” – John Smith, Cryptocurrency Analyst
| Key Features | Details |
|---|---|
| Highly Secure | Bitflyer puts all assets in cold storage and uses top security, like Multisig and 2FA7. |
| Accessible Investment | Start investing with just $1 and set up automatic investments easily7. |
| Compliant and Licensed | Bitflyer is licensed in 48 U.S. states, Japan, and the E.U7. |
| Real-Time Data and News | Stay updated with real-time prices, market alerts, and the latest crypto news7. |
| User-Friendly Platform | Bitflyer’s simple UI lets you quickly send or receive crypto using QR codes or addresses7. |
Bitflyer focuses on security and ease of use, along with offering many cryptocurrencies. It’s becoming a key player in Japan’s crypto market. With ongoing upgrades and a growing user base, Bitflyer is establishing itself as a trusted place for crypto fans.
Zaif – Third-Largest Crypto Exchange in Japan
Zaif is the third-biggest crypto exchange in Japan with over 500,000 users8. Its user base is not as big as some others like Coincheck or Bitflyer9. But, it has many features that make traders pick it. It’s great for those who care a lot about keeping their trades and data safe.
Zaif shines with its many different types of cryptocurrencies. It has over 40 for you to trade, from popular ones like Bitcoin to new coins10. This variety means traders can mix up their investments in many ways.
Caring about privacy and security is key for lots of people in the crypto world. At Zaif, keeping your digital assets safe is a top concern9. This is especially good news for those who put protecting their info first.
Its trading platform is simple and easy to use, making trading smoother for everyone. Even new traders can quickly learn to use it and start trading confidently9.
They also have a handy mobile app, so trading is not just for the computer. This app works well and is easy to use, letting you keep an eye on your investments and make trades wherever you are.
Zaif focuses less on fancy trading tools than some, but it’s strong on keeping your data secure and making trading easy9. People looking for a trustworthy option in Japan’s crypto market might really like what Zaif offers.
| Features | Zaif |
|---|---|
| Number of Users | Over 500,0008 |
| Cryptocurrency Selection | Over 40 cryptocurrencies10 |
| Focus on Privacy and Security | Yes9 |
| User-Friendly Interface | Yes |
| Mobile App | Available |
GMO Coin – Backed by Reputable Parent Company
GMO Coin is a trusted cryptocurrency exchange in Japan. It’s supported by the GMO Internet Group, a major Internet firm from Japan. This company was started back in 199111. On GMO Coin, you can safely trade many cryptos and forex pairs. This includes top ones like Bitcoin and Ethereum12. Traders here can open both personal and business accounts, meeting everyone’s needs12.
Being part of the GMO Internet Group means GMO Coin has a lot of backing. The group has more than 110 companies all over the globe11. This helps make GMO Coin a reliable choice for traders wanting safety. Plus, being a regulated exchange, GMO Coin puts a lot of focus on safety and following the rules12.
GMO Coin also takes extra steps for security. It hires a top smart-contract audit firm to check everything is safe for users11. Thanks to this, traders can feel secure while trading. GMO Coin even has its stablecoins (digital coins) that work on different blockchains. This makes it easier to use them quickly and across various platforms1113.
On GMO Coin, traders can use leverages up to 25x to potentially grow their investments12. Also, some currency pair spreads can start from just 0.2, making trading more flexible12.
Moreover, GMO Coin makes it easy to pay in funds or withdraw profits. Users can choose between instant deposits and bank transfers12. The platform also gives out information on trading, like APIs and regular updates. This helps traders make smart choices12.
About GMO Internet Group
The GMO Internet Group is the big force behind GMO Coin. It’s on the Tokyo Stock Exchange Prime Market as TSE:944911. Since its start in 1991, it’s grown to over 110 companies worldwide. Today, it’s one of Japan’s leading internet firms11.
GMO Coin Overview
| Company Information | Regulation | Trading Features | Account Types | Payment Methods |
|---|---|---|---|---|
| Founded Year: 2-5 Years | Currently lacks valid regulation | GMO Coin leverage: Up to 25x (up to 20x for new orders) Spreads: Starting from 0.2 for certain currency pairs |
Corporate accounts Personal accounts |
Instant deposit Bank transfer |
| Minimum Deposit: Varies depending on the financial institution | Transaction fees: Maker fee -0.01% Taker fee 0.05% |
Note: The above data represents general information about GMO Coin and should be verified on their official website as it may be subject to change.
SBI VC Trade – Backed by Reputable Parent Company
SBI VC Trade is a cryptocurrency exchange supported by SBI Holdings. It’s one of Japan’s biggest financial service companies. SBI VC Trade aims to be a reliable and safe place for cryptocurrency trading in Japan.
It is known as a trustworthy player in the cryptocurrency space. This is thanks to its backing by SBI Holdings. They offer a wide variety of cryptocurrencies for trading.
Regulatory compliance is a top priority for SBI VC Trade. They follow strict rules to keep users’ assets safe. This focus on safety gives traders confidence in the platform.
Keeping users’ funds secure is key for SBI VC Trade. They use strong security methods like 2FA and cold storage. These help protect against threats and hacking.
There’s a handy mobile app for trading on the move with SBI VC Trade. It lets users manage their accounts and trade from anywhere. This makes trading flexible and convenient for everyone.
While not all advanced features are available, SBI VC Trade’s link to SBI Holdings boosts its trustworthiness. The rich experience of its parent company in finance ensures a solid base for its operation.
In summary, SBI VC Trade is a reliable cryptocurrency exchange in Japan. It is supported by the reputable SBI Holdings. This makes it a strong choice for traders of all levels in Japan.
| Key Features of SBI VC Trade | Benefits |
|---|---|
| Backed by SBI Holdings | Enhanced reliability and reputation |
| Diverse selection of cryptocurrencies | Access to a wide range of investment opportunities |
| Strong regulatory compliance | Protection of user assets and adherence to industry standards |
| Robust security measures | Ensures the safety of users’ funds |
| Convenient mobile app | Easy access and management of accounts on the go |
Sources:14 Example Link 1
Bitbank – Advanced Trading Tools for Experienced Traders
Bitbank is known for its advanced trading tools. It’s a great place for traders who know the crypto market well. It offers innovative features to help users spot market trends and get the most from their trading.
At Bitbank, you’ll find lots of technical indicators and analysis tools15. There are over 50 technical indicators available. They help traders understand the market better. This can lead to smarter trading choices.
The platform at Bitbank is easy to use. It’s built to make trading smooth and quick, even when markets are moving fast. This simple design lets traders focus on their strategies. It boosts their productivity.
Keeping your assets safe is a priority at Bitbank. They’ve had no reported hacks or lost funds since they started in 2014. They use a method called cold storage to protect your cryptocurrencies. This keeps them safe from unauthorized access.
Bitbank also stands out for its low fees. They only charge 0.0001 BTC or 0.001 LTC per withdrawal. There’s no fee for deposits or for making trades15. This fair fee system means traders keep more of what they earn.
However, Bitbank doesn’t offer a lot of lessons for new traders. It’s mainly for traders who already have some knowledge and experience. Newcomers might want to learn more from other places to really make the most of Bitbank.
In summary, Bitbank is perfect for traders who want advanced tools and features. It has a wide range of technical indicators, strong security, and an easy-to-use interface. All this helps traders move through the crypto market with confidence and succeed.
| Key Features | Details |
|---|---|
| Technical Indicators | Over 50 technical indicators for in-depth market analysis15 |
| User-Friendly Interface | Intuitive layout and navigation for seamless trading experience |
| Robust Security | Cold storage and no reported hackings or loss of funds15 |
| Low Fees | 0.0001 BTC or 0.001 LTC per withdrawal with no deposit or trading fees15 |
Bitbank is the go-to for advanced traders. It offers top trading tools in a secure setting. This platform is perfect for those who need advanced features and a smooth trading journey in the crypto market.
Buying Bitcoin and Cryptocurrencies in Japan
In Japan, getting started with bitcoin and other digital currencies is easy. You need to sign up with an exchange, go through a checkup called KYC, and connect your bank or credit card. Big platforms in Japan are bitFlyer and Coincheck.
In this country, they consider crypto as “Crypto Assets” under the law16. Anyone selling or trading Crypto Assets must first sign up as a service provider16. This step makes sure that the business follows rules to keep traders safe.
Japan leads the world in Bitcoin trading17. They have welcomed digital money and made rules to protect people and the market’s health.
In May 2020, new laws improved the safety of trading digital coins in Japan17. Now, companies that look after your digital coins (custody services) must follow the rules17. And businesses that deal in crypto futures have their own set of regulations17. These changes are meant to make trading crypto in Japan clearer and safer.
If a crypto exchange wants to work in Japan, they must be checked and approved by the government17. This checking process can take up to six months17. It’s a way to make sure that only the best and trusted exchanges can work in Japan.
The government in Japan has made two groups that help keep crypto trading fair and open. The Japanese Virtual Currency Exchange Association (JVCEA) and the Japan STO Association are meant to help17. Almost every exchange in Japan is part of JVCEA. And the Japan STO Association was made by five big Japanese banks working together17. These groups are very important for setting good standards in Japan’s crypto market.
Japan has given special approval to 11 companies to work as crypto exchanges18. For example, bitFlyer is one of these companies and has over 800,000 users18. This shows that Japanese people trust and use these exchanges a lot.
Many international traders buy and sell digital coins in Japan, not just locals. More crypto is being traded in Japan and the US than in China18. This change is a sign that Japan and the US are very important for the world’s crypto trade. It also shows that bitcoin can do well without depending on China18.
Buying digital coins in Japan is safe and well-regulated. With trustworthy exchanges and strong rules, investors can feel sure about joining Japan’s active crypto market.
| Regulation | Requirement |
|---|---|
| Crypto Assets | Register as providers of Crypto Asset Exchange Services (CAES)16 |
| Payment Services Act (PSA) | Registration for handling currency-denominated stablecoins16 |
| Financial Instruments and Exchange Act (FIEA) | Registration for handling security tokens16 |
| Self-regulatory bodies | Japanese Virtual Currency Exchange Association (JVCEA)17 |
| Japan STO Association17 |
Requirements to Buy Cryptocurrency in Japan
Before you can buy cryptocurrency in Japan, you must do a few things19.
1. Secure Identification and Documentation
You need a valid passport or Japanese residence card for ID17. This is for checking who you are. Crypto exchanges need to follow rules that stop bad money stuff. The rules are to fight money laundering and other bad actions.
2. Private and Secure Internet Connection
Using a private, secure internet link protects your details and money deals when buying crypto in Japan20. It’s smart to have a virtual private network (VPN) and not use open Wi-Fi spots. This keeps your online activities safe.
3. Mobile Phone for Two-Factor Authentication
To make your crypto account safer, Japanese exchanges often need two-factor authentication (2FA)20. 2FA works by having your phone linked to get codes sent by text or a special app. Google Authenticator and Authy are common apps for this.
4. Bank Account or Credit Card for Fiat Currency Deposits
You’ll need a bank account in Japan or a credit card from a Japanese financial place to turn your cash into crypto20. Exchanges offer various ways you can pay. These include bank transfers and using Visa or Mastercard.
5. Cryptocurrency Wallet
Although exchange platforms normally come with wallets, moving your coins to a hardware wallet is better for safety19. Hardware wallets keep your keys offline. This shields you from cyber thieves and bad software. You get to control your own keys, which is vital for managing your digital money.
To buy crypto in Japan, you’ll need your ID, a safe web link, 2FA on your phone, a way to change cash into crypto, and a secure wallet for your coins. These steps are there to follow the rules, keep your money and info safe. If you do everything needed, you can jump into Japan’s lively crypto world with confidence.
| Key Requirements to Buy Cryptocurrency in Japan |
|---|
| Valid passport or Japanese residence card as identification |
| Private and secure internet connection |
| Mobile phone for two-factor authentication (2FA) |
| Bank account or credit card for fiat currency deposits |
| Cryptocurrency wallet for secure storage |
Table: Key Requirements to Buy Cryptocurrency in Japan1917
Conclusion
Japanese cryptocurrency exchanges provide a lively and safe environment for trading. They were accepted as legal money in April 201721. To run, they have to follow strict rules set by the Financial Services Agency21. These rules help prevent money laundering and know customers well2122. Many shops in Japan use virtual money for payments, showing their support21.
Japan’s rule about moving US$3000 makes it hard for criminals to use digital money22. The FATF praised Japan’s work against illegal money and funding terrorism22. Japan is one of 23 nations leading on crypto rules22. They made crypto exchanges do checks to keep money safe22.
Even though there were big problems like the Mt. Gox attack, Japan stayed strong and creative23. The Financial Services Agency noted the Japan Security Token Offering Association, which shows Japan’s modern way of overseeing digital money projects23. Japan focuses a lot on rules against illegal money and terrorist funds. This has made Japan respected in the digital money world and a leader globally23.
In conclusion, Japan’s digital money markets offer many choices with a strict approach to safety and justice. Digital money is used a lot in shopping and online business, showing Japan supports it. As times change, Japan’s smart rules and fight against financial crimes keep it important in the digital money world.
FAQ
What are the top cryptocurrency exchanges in Japan?
The top cryptocurrency exchanges in Japan are Coincheck, Bitflyer, Zaif, and more. You’ll also find GMO Coin, SBI VC Trade, and Bitbank.
Which is the largest cryptocurrency exchange in Japan?
Coincheck boasts over 2.5 million users, making it Japan’s biggest cryptocurrency exchange.
What are the standout features of Bitflyer?
Bitflyer is known for its wide range of cryptocurrencies. It also offers advanced trading tools, a solid platform, and a handy mobile app.
Which exchange is backed by GMO Internet Group?
GMO Coin is supported by the GMO Internet Group. This means it’s linked with one of Japan’s major internet companies.
Which exchange is affiliated with SBI Holdings?
SBI VC Trade links with SBI Holdings, a big name in Japan’s financial sector.
What are the requirements to buy cryptocurrency in Japan?
Buying cryptocurrency in Japan requires several things. You’ll need a passport and a secure internet. Also, a phone for extra security, a way to pay, and a wallet are necessary.
