Best Crypto Exchange In Japan

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In this article, we discuss the best crypto exchanges in Japan. We have tested and evaluated 133 exchanges based on 8 different categories. We analyzed all characteristics of their offering, including costs, platforms, mobile app availability, funding options, customer service, and safety protocols. 

The crypto exchanges with the highest score are below. 

Top 6 Crypto Exchanges In Japan

  1. bitFlyer – Best overall crypto exchange.
  2. Paybis Best credit card deposits.
  3. Coinmama – Excellent platform with an intuitive interface.
  4. Coincheck – Best exchange with a Japanese license.
  5. Coinbase – Great trading platform and low fees.
  6. Crypto.com – Excellent portfolio and trading app.

Best Crypto Exchanges In Japan – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)
#1bitFlyer2Best overall crypto exchange0.10%/0.15%$928,121
#2Paybis4.5Best credit card deposits
#3Coinmama2Excellent platform with an intuitive interface0.01%/0.00%$808,571
#4Coincheck3.3Best exchange with a Japanese license
#5Coinbase4.4Best crypto trading platform1.99%/1.99%$451,706,550
#6Crypto.com4.3Excellent portfolio and trading app1.99%/1.99%$451,706,550

This section below breaks down the best crypto trading platforms in Japan, beginning with the best rated…

01. bitFlyer: Best Overall Cryptocurrency Exchange 

bitflyer-rating

bitFlyer is the best overall cryptocurrency exchange in Japan. It is a decentralized provider with its headquarters in Japan. bitFlyer has low trading fees and a hand-picked selection of crypto coins. bitFlyer has a valuable portfolio with access to Bitcoin, Bitcoin Cash, Ethereum Classic, Ethereum, and Litecoin. 

It offers a simple exchange platform with access to standard tools. bitFlyer has limited research and learning tools. It uses industry-leading safety protocols. 


02. PayBis: Best Exchange With Simple Credit Card Deposits 

paybis-rating

PayBis is a popular exchange with a versatile platform and crypto features. Its platform has a clean user interface and offers 24/7 chat support. PayBis is a top choice for traders at all levels because of its many funding options. It offers credit cards, bank transfers, Skrill, and Neteller. This exchange has a simple fee structure and no hidden costs. 

This exchange is registered with FinCEN in the United States and offers secure services. PayBis offers industry-leading safety protocols to all account holders. 


03. Coinmama: Best Exchange With Intuitive Interface 

coinmama-rating

Coinmama is a well-established crypto exchange that offers high-security standards. It has a reliable exchange platform with an intuitive interface. Coinmama is simple to use and offers an impressive user experience. 

The Coinmama platform lets users buy and sell crypto coins with fast transaction rates. It offers standard trading features, financial products, and e-wallets. Coinmama has high trading fees when compared with other exchanges. 


04. Coincheck: Best Exchange With A Japanese License 

coincheck-rating

Coincheck is a leading exchange with a license to operate as a digital exchange in Japan. The Japan Blockchain Association audits it. It offers professional tools and services for traders at all levels. The Coincheck portfolio is comprehensive and offers many popular cryptos, including Bitcoin, DASH, and Monero. 

Their platform is well-designed and has intuitive usability. Coincheck offers a wallet hosting service, and it supports JPY and USD. This exchange has a good reputation and is a good fit for traders at all levels. 


05. Coinbase: Best Exchange With Fast Execution Rates 

coinbase-UAE-rating

Coinbase has an excellent reputation as a secure cryptocurrency exchange. It is a top choice for buying, selling, and exchange services for traders at all levels. Coinbase has professional platforms with intuitive interfaces and fast execution rates. 

Coinbase has a dedicated platform for advanced traders. Coinbase Pro provides access to lower fees and advanced trading tools. This exchange has a versatile portfolio and access to industry-leading services. 


06. Crypto.com: Best Exchange With An Intuitive Trading App 

crypto.com-rating

Crypto.com stands out as a modern cryptocurrency exchange with an excellent trading app. It offers its credit card and e-wallets. Crypto.com is a top choice for traders looking for access to staking and rewards. 

Their platforms are easy to use and available on Android and iOS. Crypto.com offers additional bonuses for holding specific cryptocurrencies. It has a comprehensive portfolio with 250 cryptos, including Bitcoin, Litecoin, and Ethereum. 


How To Pick a Crypto Exchange?

To pick a crypto exchange, you need to consider the following criteria: fees, platforms, mobile trading, assets, deposits & withdrawals, customer service, liquidity, and safety. 

Fees: You should avoid exchanges with expensive trading fees, overnight commissions, and hidden costs. 

Trading Platforms: Search for user-friendly, intuitive, and fast executing trading platforms. Avoid exchanges that have complex platforms with no access to research tools. 

Mobile Trading: Mobile trading contributes to an excellent crypto trading experience. Apps need to offer the same tools and charts as their other versions. Select an exchange with an intuitive mobile app and access to many crypto coins. 

Deposit & Withdrawal: Select an exchange with your preferred deposit and withdrawal options with a transparent fee structure. 

Assets: We recommend you choose a platform with the best asset coverage. Crypto traders should avoid exchanges that don’t offer popular altcoins like Ethereum, Tether, Polygon, and Cardano. 

Customer Service: New and intermediate crypto traders should choose an exchange with professional customer service available in their language. 

Liquidity: High liquidity and trading volumes guarantee you will sell your cryptocurrency assets. 

Security: Look for regulated exchanges with an excellent reputation and a clean history of hack attacks. 

*Safety Risks For Japanese Citizens

Trustworthy cryptocurrency exchanges for Japanese citizens are government-regulated and have trading licenses. Larger exchanges have a banking history.

Regulation Of Cryptocurrency Exchanges in Japan

The regulation of cryptocurrency exchanges in Japan is under the supervision of the Financial Services Agency (FSA). It offers clear regulation on stable coins and all online trading activities. The Japanese Virtual Currency Exchange Association (JVCEA) and the Japan STO Association offer guidelines on online trading activities. Both entities promote regulatory compliance and ensure each exchange follows strict rules. All exchanges in Japan need to be registered and follow strict FSA rules. 

Is Cryptocurrency trading legal in Japan?

Trading cryptocurrency in Japan is legal. The Financial Services Agency (FSA) regulates digital coins in Japan. The Payment Services Act (PSA) defines cryptocurrencies as property, not legal tender. It describes crypto assets as payment methods not denominated in fiat currency. 

How To Start Trading With – bitFlyer

BitFlyer is Japan’s most popular cryptocurrency exchange because of its user-friendly service, comprehensive portfolio, and competitive fees. Below are the steps you need to take to start trading on bitFlyer. 

Step 1: Open up the bitFlyer official website 

Find the link to the bitFlyer’s account section under this link here: https://bitflyer.com/en-eu/ 

Step 2: Click on the “Sign Up” button 

Choose between an Individual Account and a Corporate Account. Add your email address and Sign up with bitFlyer. Next, you’ll have to create a password and submit personal information. 

Step 3: Verify your bitFlyer account 

You must verify your account to use the services available with bitFlyer. Check your email and follow the instructions to verify your account. 

Step 4: Buy cryptocurrencies 

After verifying your account, you can buy, hold and sell fractions of different cryptos. To own a digital coin, you don’t need to buy the whole coin.  

Conclusion

We recommend bitFlyer as the best exchange for Japanese crypto enthusiasts. It offers straightforward exchange services, an intuitive interface, and access to popular digital coins. PayBis is our second choice as it offers many funding options, including simple credit card deposits.  

FAQ

What Is A Centralized Cryptocurrency Exchange?

A centralized cryptocurrency exchange is a private company. It offers access to platforms to trade crypto coins. These exchanges follow strict rules and request identification under the Know Your Customer rule. 

What Is A Decentralized Cryptocurrency Exchange?

A decentralized cryptocurrency exchange (DEX) is a provider with no central control point. This exchange works as a server and has an exact copy of the entire exchange on multiple devices. DEXs use the “automated market maker” protocol and the users’ liquidity pools.  
Decentralized exchanges are risky and don’t follow the rules of any regulatory body. DEXs are challenging to hack but come with significant security risks. If you use this type of exchange, you risk losing all your money.  

Can You Own Cryptocurrencies In Japan? 

Yes, you can buy and hold cryptocurrencies in Japan through a trusted and regulated exchange. 

Is Crypto Legal In Japan? 

Yes, crypto is legal in Japan. Japanese citizens and tourists use it as a payment method. 


Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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