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5 Best Crypto Exchanges in Japan 2024

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February 3, 2024
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Best crypto exchanges in japan

Japan has recently become one of the major players in the crypto market. To trade or invest in cryptocurrencies in Japan, choosing a reliable crypto exchange that offers seamless trading and is regulated by the Japan Financial Services Agency (JSFA) is essential.

 

Top 5 Crypto Exchange in Japan Reviewed

This article features the 5 best crypto exchanges in Japan and everything you need to know, including regulatory compliance, JPY deposits and withdrawal options, security, and many more, to choose the right platform for your needs accurately. They include:

  1. Bybit – Overall Best Crypto Exchange in Japan
  2. Binance – Largest Crypto Exchange in Japan
  3. Bitbank – Best Local Japanese Crypto Exchange
  4. bitFlyer – Best Alternative Local Japanese Exchange
  5. Huobi – Best Altcoin Crypto Exchange in Hapan

 

1. Bybit

Bybit is a reputable crypto exchange with over 25 million users worldwide. Remarkably, Bybit is regarded as the best for users in Japan because of its wide range of products and services. Currently, Bybit operates legally in over 180 countries, and the platform fully complies with the Japan Financial Services Agency guidelines for crypto trading.

Users can access 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.

What makes Bybit unique is its advanced futures trading features, as the platform offers users the best tools for advanced trading and fees as low as 0.02% for makers and 0.055% for takers, with leverage of up to 100x on derivatives and perpetual contracts.

Bybit supports over 40 fiat currencies, including the Japanese Yen (JPY), for deposits and withdrawals. Users can buy crypto directly via Visa/Mastercard or P2P trading via Bank transfer, BANXA, Xanpool, and many more.

If you want to learn more about Bybit, check out our full Bybit review.

 

Spot Fees: 0.1% maker/ 0.1% taker

Futures Fees: 0.02% maker/ 0.055% taker

Supported Cryptos: 432+

Futures Contracts: 200+

Yen Payments: JPY payments with Visa/Mastercard + P2P trading via Bank transfer, BANXA, and more.

Customer Support: 24/7 live chat

 

Bybit Pros and Cons

👍 Bybit Pros👎 Bybit Cons
✅ Low trading fees❌ Extremely advanced (confusing for beginners)
✅ High liquidity❌ Not available in the United States
✅ Advanced trading options❌ Limited payment methods
✅ Copy trading
✅ 420+ cryptos
✅ Full proof of reserves

 

Visit Bybit!

 

2. Binance

With over 120 million users across over 180 countries, Binance is the largest crypto exchange in the world. The platform is fully licensed and compliant with the rules and regulations of the Japan Financial Services Agency for crypto trading.

What makes Binance stand out is its advanced trading features for experienced traders. Users can access 380+ cryptos, real-time charts, advanced order types, and low fees that ensure a seamless trading experience. That makes Binance one of the best options for active trading.

Binance features a wide range of passive income products, including staking, mining, and lending, to help users earn passive income and improve their overall trading experience on the platform.

Japanese traders will be pleased to hear that Binance supports over 60 fiat currencies, including the Japanese Yen(JPY), for deposits and withdrawals. Payment methods include Visa/Mastercard or P2P trading via bank transfer, e-wallet, BANXA, and many more.

If you want to learn more about Binance, check out our full Binance review.

 

Spot Fees: 0.1% maker/ 0.1% taker

Futures Fees: 0.02% maker/ 0.04% taker, with leverage of up to 125x

Supported Cryptos: 380+

Futures Contracts: 260+

Yen Payments: JPY Visa/Mastercard, Google Pay, or P2P trading via e-wallet or BANXA.

Customer Support: 24/7 live chat

 

Binance Pros and Cons

👍 Binance Pros👎 Binance Cons
✅ Most advanced crypto exchange❌ Extremely advanced (confusing for beginners)
✅ Low trading fees❌ Not available in the United States
✅ Full proof of reserves❌ Sometimes slow
✅ Highest liquidity
✅ JPY payments

 

Visit Binance!

 

3. Bitbank

Bitbank is a secure and reliable crypto derivatives trading platform based in Tokyo. The platform offers adequate security and is fully regulated by the Japan Financial Services Agency.

Another thing about Bitbank is its user-friendly interface with simple tools that are easy to navigate for beginners and inexperienced traders.

Users can access over 30 cryptocurrencies, and fees are as low as 0.02% for makers and 0.12% for takers on the futures market. Furthermore, bitbank offers a maximum leverage of 4x for trading, which can enhance profits for users.

Bitbank supports free crypto deposits, but withdrawals depend on the coin and selected blockchain network. Users can also deposit JPY at zero fees via bank transfer. However, withdrawals attract a fee of 550 JPY for transactions below 30,000 JPY and 770 JPY for transactions above 30,000 JPY.

 

Trading Fees: 0.02% maker/ 0.12% taker

Supported Cryptos: 30+

Yen Payments: Bank transfer via GMO Aozora Bank and SBI Sumishin Net Bank

Customer Support: email support

 

Bitbank Pros and Cons

👍 Btbank Pros👎 Bitbank Cons
✅ Local Japanese crypto exchange❌ Lacks advanced features
✅ Native Japanese customer support❌ Lacks passive income products
✅ Beginner friendly❌ Only supports JPY
✅ JPY payments

 

Visit Bitbank!

 

4. bitFlyer

bitFlyer is the largest Japanese crypto exchange with over 3 million users. One of the best advantages of bitFlyer is its advanced security. The platform implements advanced security features, including two-factor authentication, cold storage, and direct regulation by the Japan Financial Services Agency. That makes bitFlyer one of Japan’s most reliable options for traders and investors.

bitFlyer has two variations: a beginner-friendly version, the standard BitFlyer exchange, and an advanced trading platform called BitFlyer Lightning.

Users have access to spot and futures trading with low fees. Currently, bitFlyer uses a tiered fee structure, offering 0.15% for both makers and takers on the spot market and no exchange fees on futures.

Also, bitFlyer offers free JPY deposits via bank transfers. However, withdrawals attract a fee of 220 JPY for transactions below 30,000 JPY and 440 JPY for transactions over 30,000 JPY.

 

Fees: 0.15% maker/ 0.15% taker

Supported Cryptos: 7

Yen Payments: Bank transfer via Mitsui Sumitomo Bank and SBI Sumishin Net Bank.

Customer Support: phone and email support

 

bitFlyer Pros and Cons

👍 bitFlyer Pros👎 bitFlyer Cons
✅ Local Japanese crypto exchange❌ Lacks advanced features
✅ Native Japanese customer support❌ Lacks passive income products
✅ User friendly❌ Only supports JPY
✅ Decent liquidity❌ Limited trading pairs
✅ JPY payments

 

Visit bitFlyer!

 

5. Huobi

Huobi is a top crypto exchange based in Seychelles. With access to over 700 cryptos for trading, Huobi is the top choice for Japanese traders and investors seeking a wide range of digital assets to diversify their portfolios. The platform has adequate security and is fully regulated by the Japan Financial Services Agency.

Furthermore, Huobi offers a wide range of products and services, which include copy trading, bot trading, NFT trading, staking, mining, and many more. That makes it a versatile choice for users in Japan.

For trading, Huobi offers spot and futures with advanced trading tools and competitive fees. The trading fees are 0.2% for both makers and takers on the spot market, which is relatively high. However, users can enjoy a 25% discount on spot trading fees using the Huobi token for payments. For futures trading, fees are as low as 0.02% for makers and 0.05% for takers, with leverage of up to 200x on derivatives and perpetual contracts, making Huobi an excellent option.

Lastly, Huobi supports over 60 fiat currencies, including JPY, for deposits and withdrawals. Payment methods include Visa/Mastercard, P2P trading via bank transfer, e-wallet, BANXA, and many more.

If you want to learn more about Huobi, check out our full Huobi review.

 

Spot Fees: 0.2% maker/ 0.2% taker

Futures Fees: 0.02% maker/ 0.05% taker

Supported Cryptos: 700+

Yen Payments: Visa/Mastercard, P2P trading via bank transfer, e-wallet, etc.

Customer Support: 24/7 live chat

 

Huobi Pros and Cons

👍 Huobi Pros👎 Huobi Cons
✅ Low trading fees❌ Not beginner friendly
✅ 500+ cryptos❌ Lacks passive income products
✅ Very advanced exchange❌ Sometimes slow
✅ Decent liquidity
✅ JPY payments

 

Visit Huobi!

 

How to Buy Crypto in Japan

Follow the simple step-by-step guide below to purchase any crypto you choose in Japan.

  1. Find a reliable crypto exchange. You can choose any platform that suits your needs from the top list above.
  2. Sign up to the platform and verify your identity.
  3. Select Buy Crypto to purchase any crypto via the cheapest and most convenient payment methods.
  4. Safeguard your assets by sending your coins to a private wallet.

 

Final Words

Crypto trading can be secure and seamless for you as a trader or investor in Japan as long as you make use of a platform that suits your needs,

  • Binance and Huobi are the best options for low trading fees and generous discounts.
  • For advanced security, bitFlyer is the best option for users in Japan
  • For advanced futures trading with high leverage, Bybit and Huobi are the best options
  • For a beginner-friendly trading experience, Bitbank and bitFlyer are the best options for users in Japan
  • For a wide range of cryptos and passive income products, Huobi, Binance, and Bybit are the best options
  • Overall, Bybit is the best option for users in Japan as it offers advanced trading features, low trading fees, a wide range of cryptos, and many more to ensure a smooth and seamless trading experience for Japanese traders.

 

Frequently Asked Questions

Is Cryptocurrency Legal in Japan?

Yes, cryptocurrency is legal in Japan and is fully regulated by the Japan Financial Services Agency to ensure a safe trading environment for traders and investors.

 

What’s the Safest Crypto Exchange in Japan?

bitFlyer is the safest crypto exchange in Japan as it implements advanced security features, including two-factor authentication, cold storage, encryption algorithms, and many more to ensure the safety of user assets.

 

What’s the Cheapest Crypto Exchange with the Lowest Fees in Japan?

Binance is the crypto exchange with the lowest fees in Japan, as users enjoy a 0.1% fee for both makers and takers on the spot market. Also, Binance offers a 0.02% fee for makers and a 0.04% fee for takers on the futures market. Users also enjoy a 25% discount on spot fees and a 10% discount on futures fees when payments are made with the Binance token “BNB.”

 

What’s the Best Crypto Exchange for Beginners in Japan?

bitFlyer is the best crypto exchange for beginners in Japan, with its very user-friendly interface and simple tools for trading.

 

What’s the Best Crypto Exchange in Japan?

Bybit stands out as the best crypto exchange for Japanese traders and investors, as the platform offers numerous products and features to ensure a seamless trading experience.

 

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