Japan has been moving steadfastly towards the advancement of digital currencies and blockchain in their country and around the world and has been very positive regarding this revolutionary new electronic peer to peer cash transfer system even amidst several negative notions in the digital currency market. Owing to this, Japan has come up with several cryptocurrency exchanges which operate not just in the demographic of Japan but all over the world. Given here is a list of the top 10 cryptocurrency exchanges in Japan and a little information about them to help you gain more knowledge and help you decide upon one of them for you to start your trading, purchasing and transactions in the world of digital currencies.
Here are top 10 cryptocurrency exchanges in Japan:
A Bitcoin exchange based in Japan, users can buy Bitcoins on this exchange and buy and sell them using bank transfers or credit cards. It is private for Japanese citizens buying less than $500 worth of bitcoin which means that there is no need for identity verification and it also supports multiple altcoins. There is no set fee for credit card deposits and so it varies based on conditions. Moreover, the exchange can be a little hard to use for new Bitcoin users since it is mostly geared towards digital currency traders.
Bitflyer is the largest Bitcoin broker and exchange in Japan when one takes into account the number of users, average daily volume and investment capital. To unlock higher monthly limits one needs to go through identity verification and support on this website is available only from 9AM to 7PM on weekdays. Although it can be a little harder to use this bitcoin exchange, it has extremely low fees charged which comes to around just 0.15% and reduces even further more down with more frequent trading.
Japan’s fastest growing digital currency exchange, Bitbank also offers its clients and customers highly accurate and reliable market insights for the trading of Bitcoin and Litecoin. This site also features a digital wallet service. A web based trading platform, it is very well compatible with all types of desktops and mobile phones. Bitbank charges neither deposit nor trading fees thus making it a unique digital currency platform in its own. The only fees users are required to pay is on their withdrawals which stands at around 0.0001 BTC or 0.001 LTC per withdrawal. Digital currency is held on this site in cold storage. It supports only Japanese Yen and it is very easy to use and navigate.
Fisco Virtual Currency
Fisco Virtual Currency is a Japanese Bitcoin and other crypto assets trading company. It has a very low trading fees and its users are only charged a withdrawal fees, nothing else. Its web platform is equipped with all its basic tools and is a very easy platform to use. It requires you to undergo identity verification and it is thus mandatory for you to hold a Japanese passport or Visa. It trades in only three digital currencies namely Bitcoin, Manacoin and Bitcoin Cash and also has no wallet service so you are required to set up a wallet on some other site that provides digital wallet services.
SBI Virtual Currencies
SBI Holdings is one of Japan’s financial giants. It is active only for a limited number of users and supports only one digital currency so far which is Bitcoin. It is expected to trade in Bitcoin Cash, Ripple and Ethereum once it is completely launched. A very reliable and known name, this makes it safe and secure for users to invest their money in. They have a total of 8.5 million accounts across financial service subsidiaries.
Based in Tokyo, Japan, Bitocean is another popular digital currency exchange in Japan. They make Bitcoin Automated Teller Machines (ATMs). Currently, they are working on setting up a new O2O Bitcoin trading platform solution. It has a stable and safe embedded software created by a professional ATM manufacturer with a zero licensing fees for all transactions. It can be used in several languages – English, Chinese and of course Japanese and it also generates a paper wallet. It supports not just Japanese Yen but multiple currencies and supports verification via several mediums including email, SMS and telephone.It requires 15 seconds for transaction processing and has a bank level hardware system for efficient and secure service.
Zaif is one of the major players in the Japanese digital currency exchange market. Owned by Tech Bureau, it has a low trading fee of 0% and a daily fee of 0.039% of the total position amount per day. It has good regulation, lots of tools and instruments and provides an instant exchange service. Easy to use for all sorts of investors, it offers good security.
Founded in 2016, GMO Coin is another well known digital currency exchange in Japan. It offers improved risk management and makes frequent developments in the digital currency space. Available as both an android and ios app, it trades in four main digital currencies namely Bitcoin, Ethereum, Litecoin and Ripple.
Bitarg Exchange is a cryptocurrency trading platform based in Tokyo, Japan. Yahoo! Japan has bought 40% shares of the Bitarg Exchange. This means that the Yahoo! Japan Exchange will be newly built by its developers and engineers but would be heavily based upon the systems of Bitarg.
Another popular digital currency exchange in Japan and the last one on this list, it is one of the exchanges in Japan which has been given the right to facilitate trading of digital currencies. Highly secure and reliable, Xtheta is an easy to use web platform with low fees.