There are a number of exchanges that allow Japanese residents to trade in crypto, but not all of them are created equal. In this article, we will list 7 of the best crypto exchanges in Japan based on a number of factors, such as fees, security, and ease of use.
Key Takeaways
- The characteristics of Japanese crypto exchange
- 7 best crypto exchanges in Japan
- Answers to most frequently asked questions crypto exchange in Japanese
The Characteristics Of Japanese Crypto Exchange
In my quest to find the most refined Japanese crypto exchange, I take a variety of things into account. Just a handful of the most noticeable ones are listed below:
Currencies supported:
The top Japanese cryptocurrency exchanges accept at least 20 or 30 different coins, including all the main ones, like Bitcoin, Ethereum, and Dogecoin.
Regularly adding new currencies is a good sign of a forward-thinking exchange because these platforms are more customer-focused.
User interface:
For novices, choosing a platform with an intuitive trading interface is crucial. For exchanges that provide more sophisticated services, such as advanced order types and transaction exporters for tax purposes, if you’re an experienced cryptocurrency investor, keep an eye out.
Costs:
There are fees associated with all cryptocurrency exchanges (in the form of trading commissions and bid-ask spreads), which can vary significantly. To assist you in increasing your profits, I’ve specially selected low-fee platforms below.
Regulation:
When markets aren’t going in your favor, it’s safer to trade with a well-regulated exchange than one that isn’t.
Another safety measure certain exchanges provides is depositors’ insurance, which keeps your assets secure even if the platform itself experiences liquidity problems.
Options for depositing and withdrawing money:
To make sure you can move money in and out of your account quickly, the exchange you pick should accept a range of payment methods (bank transfers, debit/credit cards, PayPal, etc.). The better, the more possibilities you have.
Security:
Search for a platform that closely adheres to several security measures, such as two-factor authentication and at least 95% cold storage.
Your account is made even safer by additional security features, including daily offsite backups, external security audits, and email confirmations of transactions.
Customer assistance:
The most significant cryptocurrency exchanges take pride in having knowledgeable, quick-to-respond support staff that can guide users through any issues that may arise.
I pay close attention to the support channels each exchange offers, response times, the completeness and value of their replies, and user comments on the kind of customer service they have gotten.
7 Best Crypto Exchanges In Japan
It is now possible to purchase and sell cryptocurrency in Japan at least 20 local exchanges that have received regulatory approval in full.
And that’s on top of the international companies that also do business there, like Binance or Kraken. View the most well-liked choices!
1. OKCoin
The fee structure for OKCoin is volume-based, with makers paying 0.1% to 0.0% (depending on the latest 30-day trading volume) and takers paying 0.2% to 0.02% (also dependent on volume).
Globally accessible, OKCoin offers electronic cash transfers (using the ACH network) in the US and SEPA payment deposits in Europe.
The staking mechanism, which allows investors to lock in one of the supported cryptocurrencies (for a specific duration) and earn up to 17% APY, depending on the asset (10% for BTC), is one of OKCoin’s most delicate features.
When feasible, it is advised that you utilize a different deposit method for Fiat deposits because debit card deposits might have hefty fees of up to 3.99%. OKCoin has a US license and Financial Crimes Enforcement Network registration (FinCEN).
Features
- Include more than 70 cryptocurrencies
- Efficient verification procedure
- Utilize dollar-cost averaging to set up automatic purchases.
- Available for iOS and Android (4.1/5 overall ratings).
- (Up to 10% APY on BTC deposits) OKCoin Earn
Cost
- Trading Charges: Null
- Range: 1% to 1.5%
- Maker’s fees: 0.1 to 0 percent (based on trading volume)
- Fees to takers: 0.2% to 0.02% (based on trading volume)
- Deposit Fees for Debit Cards: 3.99%
2. Bybit
One of the few exchanges that provide access to crypto derivatives like futures is Bybit, a cryptocurrency exchange with various trading instruments. Withdrawal costs vary based on the coin and start at 0.1% for trading.
15 of the most popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, are supported by Bybit. Additionally, it examines each withdrawal request to stop fraudulent activities and keeps all of your money in cold storage.
After financing your account, you will get a $40 bonus as a new Bybit user. Additionally, you have the choice to use up to 100x leverage for your cryptocurrency trading.
Features
- Advanced option trading
- 15 cryptocurrencies are accepted
- Leverage crypto at 100x
- Access to graphs and statistics
- A demo account and a test-net setting
- Educational materials
- 24/7 availability of multilingual customer service
- Account verification is immediate
Cost
- Opening an account is free
- Fees for trading: 0.1% to 1.0%
- Fees for withdrawals: Vary by currency
- Fees for derivatives: 0.01% to 0.06%
- 0.025% Maker’s Rebate
- Fees to Takers: 0.075%
Ideal For
- Savvy investors are seeking derivatives, top-notch security, and crypto trading.
3. Changelly
Prague, Czech Republic-based Changelly is a non-custodial cryptocurrency exchange service. It was founded in 2016, but instead of acting as a wallet (you must link a wallet before you can buy cryptocurrency), it indexes several exchanges to find you the best prices for your cryptocurrency.
Changelly, a cryptocurrency exchange with over 3 million monthly customers, is linked with industry heavyweights like Binance and crypto wallets like Trezor and Exodus and provides extremely cheap fees beginning at 0.25%.
It supports 200 popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. As no KYC verification is required to start trading, you can join using only your email.
Numerous payment options are available through Changelly, including bank transfers, Apple Pay, Visa, and Mastercard. By referring friends, you may earn 2% on all fiat-to-crypto transactions and 0.125% on all crypto-to-crypto transactions.
Features
- Adaptation to different cryptocurrency wallets
- 200 cryptocurrencies are accepted
- Customer service is offered round-the-clock via live chat or email.
- Accepts Apple Pay, Visa, Mastercard, and bank transfers.
Cost
- Account creation
- 0.25% floating rate fee
- Fee at Fixed Rate: 0.25%
- Fees for Withdrawals: None
- Fees for Account Management: None
Ideal For
- Investors seeking the best cryptocurrency offers with no KYC verification requirements.
4. Crypto.com
A significant international player, Crypto.com offers seasoned cryptocurrency investors access to a reliable exchange. Its support for more than 100 cryptocurrencies makes it the perfect choice for anybody wishing to buy undiscovered altcoins before the general public.
No other cryptocurrency exchange can compare to Crypto.com’s unique features. Users may trade futures and options contracts, stake their coins to earn interest, and use up to 10x leverage when they are incredibly confident in a specific currency.
Trading with Crypto.com is relatively safe since they have put a ton of money into the security of their site. Since the exchange updates prices hundreds of times each second, day traders have an advantage over the rest of the market.
Features
- Common trading commissions (0.4%)
- Include more than 100 cryptocurrencies
- Enables 10 times the leverage
- Trade cryptocurrency derivatives (futures and options contracts)
- By staking your coins, you may earn interest every day.
- Buy newly listed coins and save up to 50%
- Free bitcoin deposits throughout the board
Cost
- Opening an account is free
- Fees for trading: 0.4%
Ideal For
- Investors are trying to purchase new cryptocurrencies before they become widely used.
5. CoinSmart
Just 0.2% are the trading costs that CoinSmart charges. It has gorgeous, well-regarded software, supports 16 cryptocurrencies, rapidly validates accounts, and takes pride in its friendly customer care staff.
Since CoinSmart is a Canadian exchange, it is overseen by several Canadian financial regulators, ensuring the safety and security of your money.
CoinSmart, a publicly listed business on Toronto’s NEO stock market, exposes them to outside financial and security assessments at least once a year.
Users who load their account with $200 or more will receive a $50 registration incentive from CoinSmart through October 12, 2022.
Open a CoinSmart account immediately if you’re seeking a well-known exchange that provides the lowest fees, top-notch customer support, and a user-friendly mobile app.
Features
- Incredibly minimal trading costs (just 0.20% for each deal)
- Customer service is offered by phone, live chat, or email.
- Account verification is immediate
- 16 cryptocurrencies are accepted
- Deposits and withdrawals are made right away
- Convenient for both novice and experienced traders
- Your cryptocurrency is kept extra safe by a 95% cold storage policy.
Cost
- Opening an account is free
- Fees for trading: 0.20%
Ideal For
- Investors want to trade stablecoins or alternative coins at the lowest costs possible.
6. Liquid.com
A bitcoin trading website called Liquid.com is situated in Tokyo, Japan. It supports over 100 crypto assets and ten fiat currencies, including the USD, JPY, SGD, and HKD.
It was established in 2014, and terms of volume and liquidity, it routinely ranks among the top 10 exchanges worldwide. It allows margin trading with up to 25x leverage on a selection of crypto assets in addition to the spot trading platform.
The liquid is much ahead of many exchanges in terms of fees; for one thing, there are no fees associated with depositing any of the 100+ supported cryptocurrencies or the 10 accepted fiat currencies.
For cryptocurrency withdrawals, you pay network costs (0.0005 BTC for Bitcoin) and depending on the method, the charge for fiat withdrawals ranges from 0.1% to 0.55%.
Based on volume, Liquid.com has a tiered maker/take fee structure. Taker’s costs begin at 0.30 percent and can be as little as 0.03%. (or even lower if you pay using QASH).
Maker’s costs are cheaper, beginning at 0.20%, and users may receive up to 50% rebates by referring friends. When combined with the trading volume rebate, listing your cryptocurrency without paying any fees is incredibly simple.
Features
- Trading on margin
- Include more than 100 cryptocurrencies
- Supports ten or more fiat currencies
- 24-hour customer service
- 25x or more leverage
- The strategy of 95% cold storage
- Multi-party computation (MPC) protocols-secured
Cost
- Maker’s fees: between 0.20 and 0.0 percent (based on 30-day trading volume)
- Taker fees range from 0.3% to 0. 40%. (based on 30-day trading volume)
- Cryptographic Deposit Fees: Free
- Withdrawal Fee (Crypto): Varies by cryptocurrency (0.0005 BTC for Bitcoin)
- Fees for Deposits (Fiat): Free
- Fiat withdrawal charges range from 0% to 0.55%. (depending on the method)
Read Also:
Top 10 Best Forex Trading Platforms in Australia for Beginners
7 Best CFD Trading Platform in Australia 2022
10 Top Best CFD Brokers in South Africa 2022
Conclusion
Given the variety of alternatives available and their unique characteristics, picking the best bitcoin exchange in Japan is difficult. As a committed cryptocurrency investor, I regularly follow the activity of Japan’s leading exchanges.
FAQS
Which Crypto Exchanges Work In Japan?
By Crypto volume, bitFlyer is the top cryptocurrency exchange in Japan and provides access to various digital assets.
How Can I Buy Cryptos In Japan?
Before being ordered to cease trading because it lacked a license by the Japanese Financial Services Agency (FSA), Binance last conducted business in Japan in 2018. The firm received another warning from the FSA in 2021 for failing to register with the regulatory body.
Is Binance Used In Japan?
Before being ordered to cease trading because it lacked a license by the Japanese Financial Services Agency (FSA), Binance last conducted business in Japan in 2018. The firm received another warning from the FSA in 2021 for failing to register with the regulatory body.
How Many Crypto Exchanges Are There In Japan?
Eight reliable exchanges are functioning in Japan, with bitFlyer and Coincheck being the most well-known.
Is Coinbase Allowed In Japan?
You may purchase, sell, and store cryptocurrency assets by creating an account with Coinbase (virtual currency). To open a Coinbase account, you will require the following: being a Japanese citizen who has spent more than 18 years in Japan
Is Kucoin Available In Japan?
It was announced that customers of KuCoin can now purchase cryptocurrencies on the Simplex platform using Japanese yen (JPY).
What Is The Biggest Crypto Exchange In Japan?
Regarding customers, daily average volume, and investment capital, bitFlyer is Japan’s most significant Crypto broker and exchange.
Can I Trade Crypto In Japan?
In Japan, cryptocurrencies are legitimate. The Payment Services Act defines crypto assets as payment methods not backed by fiat money and can be used to pay any individual. Cryptocurrency ownership and investment are unrestricted.
What Is The Most Popular Crypto In Japan?
A cryptocurrency mainly utilized in Japan is called MonaCoin.
You can learn more from the video below:
About Author
- I am a professional article and e-book writer with 4 years of experience, I write on well research content on cryptocurrency, stocks, loans and finances.
Latest entries
- Credit/Debit CardsNovember 17, 202310 Best Virtual Credit Card Generators Online
- Credit/Debit CardsNovember 17, 2023How to Get and Activate UBA Dollar Card
- Credit/Debit CardsNovember 13, 2023How to Get, Activate and Use Opay Virtual Dollar Card
- Credit/Debit CardsNovember 13, 2023How to Get a Free Virtual Credit Card With Money
