Japan is widely recognized as one of the most cryptocurrency-friendly destinations in the world, boasting a thriving crypto industry and a substantial number of users. With the increasing demand for cryptocurrencies in Japan, the demand for reliable and user-friendly crypto exchanges is also on the rise. If you are a resident in Japan and looking for the best exchange to easily buy or trade cryptocurrencies, there are a few options that stand out.
One of the top crypto exchanges based in Japan is bitFlyer. With the highest trading volume in the country, it caters to both beginner and experienced users. bitFlyer offers a user-friendly version called the standard bitFlyer exchange and an advanced trading platform known as BitFlyer Lightning. In addition, users can enjoy proprietary Crypto Credit Cards, BTC earning services, and a T-Point exchange for Bitcoin, providing multiple ways to engage with the platform and earn rewards. However, it is important to note that bitFlyer currently supports only 19 crypto assets.
Another notable exchange in Japan is Bitbank. It has garnered a high rating on the Japanese App Store for its crypto trading app and offers instant verification for customers. Bitbank stands out by offering a service where users can lease their assets and earn a 3% yield. It is a regulated exchange and a member of the Japan Crypto Asset Trading Association. Moreover, Bitbank charges lower fees for JPY deposits compared to bitFlyer and supports a wide range of deposit methods.
Bybit, though headquartered in Dubai, has become a favorite among Japanese customers. Known for its beginner-friendly user interface and low fees, Bybit provides features specifically tailored to suit Japanese users. The exchange offers numerous JPY deposit options, including bank transfers, Line Pay, JCB cards, credit and debit cards, PayPay, Japan Post Bank, PayPal, and Wise. Additionally, Bybit supports an impressive number of 770 crypto assets, making it an attractive choice for users.
Binance, the world’s largest crypto exchange by trading volume, is another popular option in Japan. It is renowned for its abundant liquidity and extensive selection of supported assets. Its deep liquidity enables seamless trading at low fees, making it highly appealing. While Binance supports JPY deposit methods such as bank transfer, Line Pay, credit/debit cards, and Japan Post Bank, it is worth noting that the deposit and withdrawal fees for JPY are relatively high. However, it is important to consider that Binance is not yet specifically registered or regulated in Japan.
if you are a cryptocurrency investor in Japan, the mentioned exchanges – bitFlyer, Bitbank, Bybit, and Binance – offer services tailored to the needs of Japanese customers. These exchanges provide a range of benefits including user-friendly interfaces, low fees, abundant liquidity, and a variety of deposit options. While each platform has its own strengths and limitations, it is advisable to consider your specific requirements and preferences when choosing a crypto exchange for buying, selling, or trading assets in Japan.
