Top Crypto Trading Platforms in Japan

For investors in Japan looking to trade digital assets, selecting a reliable platform is important. We’ve reviewed and ranked the top options that support JPY deposits, evaluating their security, fees, user experience, trading features, supported cryptocurrencies, and regulatory compliance. Below is a comparison of the five best crypto exchanges for Japanese traders.

1. Bybit

‍Bybit is a leading cryptocurrency exchange in Japan, known for its advanced trading tools and deep liquidity. The platform supports over 1,700 cryptocurrencies for spot trading and 400+ derivatives contracts. Users can access perpetual futures, options trading, and up to 125x leverage.

With a global user base exceeding 64 million, Bybit continues expanding in Japan by offering a fully localized platform with support for JPY deposits and a Japanese interface. The exchange provides zero-fee deposits via bank transfers and accepts credit cards for crypto purchases.

Beyond trading, it offers Bybit Earn, a program that allows users to stake through flexible and fixed-term products. The platform also includes automated trading bots, TradeGPT, copy trading, a demo account, a P2P marketplace, and access to DeFi with NFT trading options.

• Fees: Spot trading fees start at 0.1%.
• Supported Assets: Over 1,700 cryptocurrencies.
• Regulation and Licensing: Approved by the Financial Services Agency (FSA).‍
• JPY Deposit Methods: Bank transfers, JCB cards, PayPay, Line Pay, Google Pay, credit card, debit card, E-Check and Apple Pay.

2. Binance

Binance is the largest cryptocurrency exchange in the world, offering Japanese traders access to a massive selection of over 350 cryptocurrencies. The platform supports spot, margin, and futures trading with up to 100x leverage alongside an extensive DeFi ecosystem.

Serving over 260 million users across 100 countries worldwide, Binance Japan operates under strict regulatory compliance, ensuring secure JPY transactions. The platform allows direct Japanese Yen deposits via bank transfer, credit card, and third-party payment providers.

The exchange also offers Binance Earn, a service that provides staking, savings accounts, and yield farming. Users can also access NFT trading, a launchpad for new tokens, copy trading services, crypto loans, and liquidity mining, making it an all-in-one crypto ecosystem.

• Fees: 0.1% for spot trading, discounts for BNB token holders.
• Supported Assets: 350+ cryptocurrencies.
• Regulation & Licensing: Binance Japan Inc. is regulated by the FSA (Registration Number: Kanto Local Finance Bureau 00031).
• JPY Deposit Methods: Bank transfer, credit card and debit card.

3. Bitget

Bitget is one of the most feature-rich crypto exchanges in Japan, offering a diverse range of trading services, including spot, futures, and margin trading. The platform is widely known for its copy trading feature, allowing users to mirror the trades of top-performing investors in real time. 

With over 45 million users worldwide, Bitget has built a strong reputation for security, transparency, and ease of use. It maintains a $680 million Protection Fund to safeguard user assets and publishes Proof of Reserves reports, ensuring that customer funds are backed by a 1:1 ratio. 

Japanese traders benefit from a fully localized platform, seamless JPY deposits, and access to over 800 cryptocurrencies for trading. In addition to trading, Bitget offers staking, automated trading bots, an NFT marketplace, lending and borrowing services and a Web3 wallet.

• Fees: Spot trading starts at 0.1%.
• Supported Assets: Over 800 cryptocurrencies.
• Regulation & Licensing: Globally compliant and available for Japanese users.
• JPY Deposit Methods: Credit cards and debit cards.

4. bitFlyer

bitFlyer is based in Tokyo and is Japan’s most trusted and longest-operating cryptocurrency exchange. Established in 2014, it has maintained a zero-hack record, making it a preferred choice for investors prioritizing security. The platform supports spot trading, margin trading, and crypto CFDs.

The platform supports 38 cryptocurrencies, including Bitcoin, Ethereum, Ripple (XRP), Dogecoin, and more. Its key feature is bitFlyer Lightning, a professional trading platform with high liquidity, advanced order types and trading with up to 2x leverage on Crypto CFDs.

Additionally, bitFlyer Recurring Buy lets users automate crypto purchases based on their preferred schedule, simplifying long-term investing. It also offers a unique Bitcoin cashback credit card and supports T-POINT conversions to Bitcoin, making it easy to earn crypto rewards.

• Fees: A flat rate of 1,000 JPY for deposits and withdrawals, with a trading and swap fee of 0.2%.
• Supported Assets: 38 cryptocurrencies.
• Regulation & Licensing: bitFlyer is stringently regulated in Japan and is a Platinum member of the Japan Blockchain Association (JBA).‍
• JPY Deposit Methods: Bank transfer, credit cards, debit cards, convenience store (Konbini) payments, and Line Pay.

5. KuCoin

KuCoin offers access to over 900 digital assets, enabling users to engage in spot trading, margin trading, P2P fiat trading, futures trading, and staking. With a user base exceeding 38 million across more than 200 countries and regions, it can be used in Japanese and 20 other languages.

The platform's advanced trading interface is equipped with charting tools powered by TradingView. Additionally, KuCoin's Futures platform offers leveraged trading options, allowing users to speculate on cryptocurrency price movements without owning the underlying assets.

Additional features include copy trading, lending and borrowing services, KuCard, trading bots, OTC desk and the Spotlight feature. Security is a paramount concern, and it offers multi-layered asset protection, advanced liquidity solutions and a regularly updated Proof of Reserves. 

• Fees: Spot trading starts at 0.1%.
• Supported Assets: Over 900 cryptocurrencies.
• Regulation & Licensing: Operates globally and is accessible to Japanese users.
• JPY Deposit Methods: Bank transfers, credit cards, and Apple Pay.

Is Crypto Regulated in Japan?

Yes, cryptocurrency is regulated in Japan, and the Financial Services Agency (FSA) is considering further tightening its oversight. Currently, digital assets are governed under the Payment Services Act (PSA), which requires exchanges to register with the FSA and comply with anti-money laundering (AML) and counter-terrorist financing (CFT) regulations. 

However, with cryptocurrency trading surging, the government is reassessing its regulatory approach. The FSA is conducting closed-door discussions with experts and is considering amendments to the Payment Services Act, the Financial Instruments and Exchange Act, and other related laws. 

A key proposal is reclassifying cryptocurrencies as financial products, which would introduce stricter compliance measures, require issuers to disclose business details, and increase penalties for unregistered brokers. The FSA aims to finalize its position by the end of the first quarter of 2025, with potential legislative actions in mid-2025.

How is Crypto Taxed in Japan?

Japan imposes strict tax regulations on crypto transactions, with the National Tax Agency (NTA) classifying crypto earnings as “miscellaneous income” rather than capital gains. This means that individuals and businesses must report cryptocurrency profits as part of their total taxable income.

Key Taxation Rules for Crypto in Japan:

• Income Tax: Crypto earnings from trading, mining, staking, and lending are taxed as miscellaneous income and subject to progressive tax rates that range from 5% to 55%.
• Consumption Tax: As of 2017, cryptocurrency transactions are exempt from Japan’s 10% consumption tax, a significant policy shift that previously classified crypto as a taxable asset for goods and services.
• Inheritance and Gift Tax: If cryptocurrency is inherited or gifted, it is subject to Japan’s inheritance and gift tax, with rates ranging from 10% to 55%, depending on the amount received.

The Financial Services Agency (FSA) is currently reviewing potential reforms, including reclassifying cryptocurrencies as financial products. If implemented, this could lead to a tax reduction, aligning crypto profits with Japan’s stock and bond tax rate of 20%. 

Cryptocurrency Adoption in Japan

Japan is a major hub for digital asset trading, and the market is projected to generate $1.31 billion in revenue by the end of 2025. With an estimated 19.43 million users by mid-2025, Japan’s crypto adoption rate is expected to reach nearly 15.93% of the population.

Major exchanges such as Bybit, BitFlyer, Coincheck, and Kraken have a strong foothold in Japan. The increasing presence of regulated platforms, along with discussions around potential tax reforms, suggests that Japan’s cryptocurrency landscape is set for further expansion.

How to Buy Bitcoin in Japan

Japanese investors looking to purchase Bitcoin can use regulated crypto exchanges that support Japanese yen (JPY) deposits. Below is a short guide to getting started:

1. Create an Account: Choose a reputable exchange that operates in Japan, such as Bybit, BitFlyer, or Kraken. Sign up by providing your personal details and completing the KYC verification process, as required by the Financial Services Agency (FSA).
2. Deposit Japanese Yen (JPY): Navigate to the deposit section and select JPY as your funding currency. Most exchanges support bank transfers, PayPay, Line Pay, credit/debit cards, and convenience store payments for seamless transactions.
3. Select Bitcoin (BTC): Once your funds are available, go to the trading section of the exchange. Search for the BTC/JPY trading pair to view real-time market prices.
4. Complete Your Purchase: Enter the amount of Bitcoin you want to buy or the JPY equivalent you wish to spend. Double-check the transaction details, including fees, before finalizing your purchase.

Given Japan’s strict regulatory framework, it’s advisable to use platforms registered with the FSA to ensure compliance and better investor protection.

Final Thoughts

Japan remains one of the most regulated and developed cryptocurrency markets in Asia, driven by clear government oversight, growing retail adoption, and increasing institutional participation. 

For traders in Japan, Bybit, Binance, bitFlyer, KuCoin, and Bitget are the most popular platforms, providing features like spot trading, futures, staking, copy trading, and advanced security measures.