Japan has emerged as one of the key players in the crypto market. It is essential to select the crypto exchanges in Japan that are regulated by the Japan Financial Service Agency (JSFA) and the one that offers seamless trading. In this article, the top 10 crypto exchanges in Japan are featured, along with all the relevant information required to select the best platform according to your requirements. It is also important to take into account factors like security, JPY deposits, and withdrawal options while selecting the right crypto exchange.
- Bybit
Bybit is a credible exchange that has over 25 million users worldwide. Bybit operates legally in over 180 countries. Bybit is considered the best crypto exchange in Japan due to its wide range of products and services. Bybit complies fully with the Japan Financial Services Agency rules and guidelines for crypto exchange. The Bybit users can gain access to spot and futures trading, copy trading, NFT trading, over 400 cryptos, and a wide range of passive income products including staking, mining, and copy trading. Bybit’s distinguishing feature is its advanced futures trading features as the platform provides advanced tools for trading and its fees are as low as 0.02% for makers and 0.055% for takers. For deposits and withdrawals, bybit supports over 40 flat currencies including the Japanese Yen (JPY).
- Binance
Binance is also a platform regulated by the Japan Financial Services Agency for crypto exchange. It has over 120 million users across 180 countries. What makes Binance stand out as a crypto platform is that its users can access 380+ cryptos, real-time charts, advanced order types, and low fees that ensure a seamless trading experience. All of these factors make Binance one of the best options for active trading. To improve the user’s overall trading experience on the platform and to help out with passive income, Binance also offers a wide range of passive income products such as stalking, mining, and lending. It is a perk for Japanese traders that Binance supports over 60 flat currencies, including the Japanese Yen (JPY) for deposits and withdrawals. Payment methods include Visa/Mastercard or trading via bank transfer, e-wallets, and many more.
- Bitbank
Bitbank is a derivatives trading platform based in Tokyo that is reliable and secure. It is also regulated by the Japan Financial Services Agency and the platform offers enough safety and security for the crypto traders in Japan. Bitbank offers simple and easy tools that can be navigated easily by beginners and inexperienced traders. This platform has a user-friendly interface as well which enhances the experience. Bitcoin supports free crypto deposits but withdrawals depend on the coin and selected blockchain network. Users also have a facility to deposit JPY at zero fees via bank transfer. Bitbank users can 50 cryptocurrencies with minimum fees.
- bitFlyer
The crypto exchange that tops the list in Japanese crypto exchanges is butFlyer with 3 million users. The advantages security of bitFlyer is one of its best advantages. This cryptocurrency platform implements security protocols such as two-factor authentication, cold storage, and direct regulation by the Japan Financial Services Agency. Bitflyer comes in two variations; a beginner-friendly version, the standard bitFlyer exchange, and an advanced trading platform called bitFlyer lightening. bitFlyer offers free JPY deposits via bank transfers. On the flip side, withdrawals attract a fee of 220 JPY for transactions below 30,000 JPY and 440 JPY for transactions over 30,000 JPY.
- Huobi
Huobi is a top choice for Japanese traders and investors who are looking for a wide variety of digital assets to diversify their portfolios. This platform also has sufficient security and it is also fully regulated by Japan Financial Services Agency. It has access to over 700 cryptocurrencies for trading. Huobi also offers a wide range of services and products including copy trading, bot trading, NFT trading, stalking, mining, and much more which makes it a very versatile choice for Japanese users interested in cryptocurrency investments. An added advantage is that users can enjoy a 25% discount on spot trading fees using the Huobi token for payments. It supports over 60 flat currencies which includes JPY for deposits and withdrawals.
- Coincheck
Coincheck is one of the top cryptocurrency exchanges globally based on traffic, liquidity, trading volumes and confidence in the legitimacy of trading volumes reported. It is the most popular cryptocurrency exchange among Japanese cryptocurrency exchanges. On Coincheck, bitcoin has been the most traded cryptocurrency but customers can also buy, sell, and trade Ethereum and other tokens. Coincheck Tradeview, which is a professional version of the platform, shares many similarities with other platforms used to trade flat currencies, such as the dollar.
- Kucoin
Kucoin is a great place for beginners to trade over 700 altcoins. Kucoin is a widely spread crypto exchange platform with 20+ million investors worldwide in 200+ countries. It gives attractive offers to its new users by offering rewards of up to 500 dollars in its beginner zone. Trading fees are charged on a sliding scale.
- Coinbase
In Japan, Coinbase provides a platform for users to buy, sell, and trade various types of cryptocurrencies. The platform offers a user-friendly interface and secure transactions. It adheres to Japan’s local rules and regulations for trading cryptocurrencies. The presence of the platform of Coinbase in Japan contributes to how accessible cryptocurrencies are all around the world.
- Coinmama
Seamless buying and selling of various digital currencies in Japan are facilitated by the cryptocurrency exchange, Coinmama. Coinmama enables its users to trade using flat currencies and also has a very user-friendly interface. It is advised to verify account details on Coin Mama’s official website or through customer support as the regulations and services evolve. It offers a safety-compliant experience for its users.
- Changelly
A versatile cryptocurrency exchange service, Changelly, operates in Japan and offers to swap several digital assets in a rather simple manner. It also makes cryptocurrency exchange easy with its user-friendly interface.
The vast world of cryptocurrency trading in Japan presents countless options for enthusiasts and investors wanting to trade cryptocurrency in Japan. The top 10 cryptocurrency exchanges in Japan cater to enthusiasts with different preferences and needs. Nevertheless, users should stay vigilant about regulatory changes and regulatory checks that come with the latest updates on these cryptocurrency platforms.