I was into cryptocurrencies for a while and opened accounts with various exchanges at that time. Here are some of the best Japanese cryptocurrency exchanges that I have used.
Coincheck
| Number of trading currencies | 17 |
| Leverage | None |
| Exchange Fees | Free |
| Transfer fees for major currencies | BTC : 0.001BTC ETH : 0.01ETH ETC : 0.01ETC |
| Deposit fee | Bank Transfer : Free There is a bank charge. Convenience store deposit : 770yen Quick deposit : 770 yen |
| Withdrawal fee | 407 yen |
The ease of use and low fees of the smartphone apps have earned it a reputation, and it has been supported by many virtual currency traders since virtual currencies became popular around 2017-2018.
Coincheck was hacked in January 2018, and has since been acquired by Monex Group, Inc.
Coincheck has been acquired by Monex Group, Inc., a company listed on the first section of the Tokyo Stock Exchange, which has greatly improved its security level.
Coincheck allows people to trade in 17 different virtual currencies, the largest number in Japan.
Coincheck offers a wide range of virtual currencies, including famous altcoins such as XRP and ETH, as well as Bitcoin’s rivals LTC and BCH.
bitFlyer
| Number of trading currencies | 13 |
| Leverage | Up to 2X Available on bitFlyer Lightning |
| Exchange Fees | Free |
| Exchange commission | 0.01% to 0.15% |
| Transfer fees for major currencies | BTC : 0.0004BTC ETH : 0.005ETH XRP : Free |
| Deposit fee | Bank transfer : Free Bank charges apply. Quick deposit (from SBI Sumishin Net Bank): Free Quick deposit (from other banks): 330 yen (tax included) |
| Withdrawal fee | 407 yen |
bitFlyer is one of the largest Bitcoin exchanges in Japan and was founded by a former trader at Goldman Sachs.
In operation since 2014, bitFlyer has many major companies as shareholders, and is also a popular cryptocurrency exchange because of its high security level as an exchange and the guarantee of investors’ assets in case of hacking damage.
You can enjoy buying and selling virtual currency not only as an investment product, but also with the image of using it for actual shopping.
DMM Bitcoin
| Number of trading currencies | 12 |
| Leverage | 2x |
| Exchange Fees | Free |
| Exchange fees Cash trading | Free |
| Transfer fees for major currencies | Free |
| Deposit fee | Bank transfer : Free Bank charges apply. Quick deposit: Free |
| Withdrawal fee | Free |
DMM Bitcoin, which is an exchange only, has the advantage of having no transaction fees.
DMM Bitcoin is a very friendly exchange for beginners, with a full manual for PC and smartphone versions, and a 365-day online inquiry service.
One of the appealing features of this exchange is its thorough security system, taking advantage of the technological capabilities of the DMM Group, a major player in the Internet industry. If you are going to entrust your precious money, it is important to check if the security is reliable.
GMO Coins also offers an extensive campaign for opening a new account, so you can start trading virtual currencies at a discount.
GMO Coin
| Number of trading currencies | 14 |
| Leverage | 2x 10 issues can be traded. |
| Exchange Fees | Maker: -0.01 Taker: 0.05% |
| Transfer fee for major currencies | Free |
| Deposit fee | Bank transfer: Free Bank transfer fee is charged. Instant deposit: Free |
| Withdrawal fee | Free |
GMO Coin has the shortest time to open an account. You can open an account within 10 minutes after applying, and it is recommended for those who want to start trading virtual currencies right away.
GMO Coin’s unique services include “freshly minted crypto assets,” which allows you to automatically purchase crypto assets, and “staking,” which rewards you for simply holding crypto assets.
In addition to the smartphone app, which can be operated intuitively even by beginners, a dedicated tool (WebTrader) is available for those who want to engage in full-scale leveraged trading.
There is also a monthly campaign to win cash prizes for purchasing crypto assets, making it an exchange where the more you trade, the more you save.
bitbank
| Number of trading currencies | 9 |
| Leverage | None |
| Exchange Fees | Makers: -0.02 Takers: 0.12%. |
| Transfer fees for major currencies | BTC: 0.0006 BTC ETH : 0.005 ETH LTC : 0.001 LTC |
| Deposit fee | Bank Transfer : Free Bank transfer fees are the responsibility of the customer. |
| Withdrawal fee | 550-yen tax included *770 yen for amounts over 30,000 yen |
Bitbank has been called one of the narrowest spreads in the industry.
The spread exceeds that of Binance, an overseas exchange.
Although there are only a few types of currencies, Bitbank handles not only Ethereum and Ripple, but also high-profile altcoins such as Monaco.
The app is easy to use, and the ease of purchasing with a single tap is also appealing. The exchange also allows for full-fledged trading and supports technical analysis.
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