Summary: The safest way to acquire Bitcoin and diverse cryptocurrencies in Japan is through an exchange that is licensed by the Financial Services Agency (FSA). This method provides investors with the ability to use bank transfers, the Zengin system, credit cards, debit cards and other options to deposit Japanese Yen (JPY) and securely purchase, stake, and trade digital assets within a regulated context.
To help you get started, our team has inspected and rated the top 5 trading platforms in Japan in accordance with our review methodology. Here are the foremost choices accessible:
Top Crypto Trading Platforms in Japan
After an extensive analysis of over 15 cryptocurrency exchanges, we have identified the elite platforms suitable for Japanese investors. Our approach considers critical factors such as adherence to regulations set by the Financial Services Agency (FSA) of Japan, the diversity of available cryptocurrencies, the user experience, Japanese Yen deposit methods, transaction fees, and other components to provide a precise evaluation of these platforms.
Bybit has risen as the top cryptocurrency exchange for investors in Japan, distinguishing itself with a comprehensive understanding of the unique needs of local users and a seamless onboarding process, positioning it as a primary choice. The platform provides a wide variety of JPY deposit methods, including bank transfers, Line Pay, JCB cards, credit and debit cards, aimed to ensure maximum convenience to its users.
Furthermore, Bybit's round-the-clock customer support in Japanese and English, along with features particularly tailored to the Japanese market, enhance its appeal. It showcases a sturdy derivatives trading platform with up to 25x leverage on an extensive selection of over 770 crypto assets. With operations extending to more than 180 countries, Bybit delivers an impressive range of trading and staking opportunities.
- Fees: Free JPY deposits and 0.1% spot trading fees.
- Supported Cryptos: Trade 770+ cryptocurrencies & stake 280+ tokens.
- Regulation & Licensing: Headquartered in Dubai and globally regulated.
- JPY Deposit Methods: Bank Transfer, Credit/Debit Card, Line Pay, PayPay, Japan Post Bank, PayPal & Wise.
OKX is a notable cryptocurrency exchange with over 10 million users, based in Hong Kon. This platform is accessible to investors in Japan and displays a wide array of cryptocurrencies for purchasing, selling, trading, and staking with competitive fees and narrow spreads. OKX offers advanced features such as futures trading, options trading, an NFT marketplace, and more.
A unique offering for Japanese investors is the attractive rates on stablecoins, with up to 5% APY, representing an exceptional opportunity for improved earnings in the country. As a major sponsor of elite sports teams, including Manchester City and McLaren Formula 1, OKX has established a reputation as a trustworthy and recognized brand in the industry, maintaining its position as the second-best cryptocurrency platform in Japan.
- Fees: Free JPY deposits and 0.1% withdrawal fees. 0.1% spot trading fees.
- Supported Cryptos: Trade 300+ cryptocurrencies & stake 200+ tokens.
- Regulation & Licensing: OKX is registered in Hong Kong and Malta, and provides proof of reserves.
- JPY Deposit Methods: Bank Transfer, Credit/Debit Card, Line Pay, Japan Post Bank, PayPal, Wise & Revolut.
BitFlyer stands as the most extensive and safest cryptocurrency exchange based in Japan, boasting the highest Bitcoin trading volume in the country. It caters to both novice and seasoned traders as it provides two tiers of trading platforms: a beginner-friendly version known as the standard BitFlyer exchange, and an advanced trading platform named BitFlyer Lightning.
Along with the trading platforms, BitFlyer offers an array of features including its proprietary Crypto Credit Card, BTC earning services, and a T-Point exchange for Bitcoin, further solidifying its position as the third-best cryptocurrency platform in Japan.
- Fees: 1,000 JPY deposit and withdrawal fees. 0.2% trading and swap fee.
- Supported Cryptocurrencies: Only offers 19 different cryptocurrencies.
- Regulation & Licensing: bitFlyer is regulated in Japan and is a Platinum member of the Japan Blockchain Association (JBA).
- JPY Deposit Methods: Bank Transfer, Credit/Debit Card, Convenience store (Konbini), Internet Banking (AEON Bank, Pay-easy, SBI Sumishin Net Bank) & more.
Headquartered in Japan, Bitbank ranks as the fourth most frequented cryptocurrency exchange in the country and presents a broader selection of tokens than BitFlyer. It boasts the top-rated Crypto trading app on the Japanese Apple App Store. Bitbank is also one of the rare digital asset exchanges in Japan that offers immediate verification (within minutes).
Beyond its trading services, Bitbank provides lending services where users can lease their assets to Bitbank in return for a 3% yield, further cementing its standing as the fourth-best cryptocurrency platform in Japan.
- Fees: JPY deposits are are between 550 - 770 JPY depending on the method. The trading fee is 0.2%.
- Supported Cryptocurrencies: Trade 24 cryptocurrencies.
- Regulation & Licensing: Member of the Japan Crypto Asset Trading Association under registration number 0004.
- JPY Deposit Methods: GMO Aozora Net Bank & Sumishin SBI Net Bank.
Binance maintains its position as the fifth-best cryptocurrency trading platform in Japan, functioning as a global titan with over 120 million users in more than 100 countries, including Japan. It offers a plethora of features, such as spot, futures, margin, options trading, staking services, and a decentralized exchange (DEX). The platform provides round-the-clock customer support in several languages, including Japanese and English.
Binance distinguishes itself from its competitors with its unparalleled liquidity depth, displaying the highest volumes across a wide range of crypto assets. This unique trait offers users the additional benefit of smooth transactions even for large-volume trades, further increasing its appeal among Japanese investors.
- Fees: JPY deposit and withdrawal fees vary between 0.5% - 2% depending on the method. The spot trading fee is 0.1%.
- Supported Cryptos: Trade 300+ cyptocurrencies & stake 100+ tokens.
- Regulation & Licensing: Registered in Malta but does not provide proof of reserves.
- JPY Deposit Methods: Bank Transfer, Line Pay, Credit/Debit Card & Japan Post Bank.
Is Crypto Trading Legal in Japan?
Cryptocurrency trading is legal in Japan, reflecting the nation's forward-thinking regulatory approach towards digital assets. Japan has instituted a robust legislative framework governing cryptocurrency exchanges and the trade of digital assets, underscored by the Payment Services Act and the Financial Instruments and Exchange Act.
In accordance with these laws, cryptocurrency trading platforms are mandated to register with the Japanese Financial Services Agency (FSA). Moreover, these platforms are obligated to adhere to stringent anti-money laundering (AML) and know-your-customer (KYC) regulations, ensuring the overall integrity and security of the crypto trading landscape in Japan.
How to Buy Bitcoin and Crypto in Japan
For those captivated by the idea of investing in Bitcoin or other digital currencies in Japan, we provide a streamlined, step-by-step guide for a secure and compliant transaction:
- Select an FSA-approved platform: Choose exchanges that adhere to Japan's Financial Services Agency regulations.
- Account creation and verification: Sign up with your email, devise a strong password, and complete necessary KYC procedures with requisite identification and proof of address.
- Deposit JPY: Fund your account via bank transfer, Line Pay, PayPay, debit/credit cards, or other Japanese payment methods.
- Buy cryptocurrency: Choose your desired digital currency and the amount to purchase in JPY or crypto, then confirm the transaction.
- Secure your assets: Transfer your digital currencies to a crypto wallet for enhanced security.
By adhering to these steps and utilizing a trustworthy, regulated platform, you can efficiently and safely obtain cryptocurrencies in Japan.
In conclusion, cryptocurrency trading in Japan is a legitimate and regulated activity, facilitated by a selection of high-quality exchanges. Bybit, OKX, bitFlyer, Bitbank, and Binance each offer their unique strengths and features, from broad cryptocurrency portfolios to various Japanese Yen deposit methods, competitive fees, and advanced trading tools.
As a potential investor, it is crucial to select an exchange that complies with the Financial Services Agency's stringent regulations, guaranteeing secure transactions and a reliable trading experience. Furthermore, remember to follow our step-by-step guide to acquire cryptocurrencies in Japan smoothly and securely. Ultimately, the landscape for digital assets in Japan is both promising and expansive, offering a myriad of opportunities for traders of all skill levels.