Can you buy cryptos such as Bitcoin in Japan? Yes, you easily can. Japan started to develop the essential regulation and address problems that this niche faced. Now it is having almost 400 cryptocurrency-oriented businesses here. Japan may lead the progress of crypto in the future. Due to this early adoption, regulators in Japan are quite clear on how cryptocurrency exchanges must be governed, who will undergo the procedure of KYC or AML and when or how the policy of taxation will be working perfectly for all involved. As Japan is an innovative nation and also the most developed economy worldwide, they provide the best view on this niche. This view is worth it via scientific work and research. Japan has approved over 20 local cryptocurrency exchanges and it increased by almost over 30 % in 2022 concerning crypto and blockchain-related organization and is becoming very serious regarding the digital yen. It is a cryptocurrency-friendly region, you will be able to buy Bitcoin here and the government will be incentivizing anyone to do it. Read along to become aware of the 5 Bitcoin wallets in Japan that will let you buy Bitcoin and other cryptos.
Best cryptocurrency wallets in Japan
If you reside in Japan, you do not need to have any specific cryptocurrency wallet. The interesting thing regarding the cryptocurrency niche is that there is not any single producing country for this or that cryptocurrency. However few solutions are renowned globally. There are many types of wallets such as online, software, hardware, and paper wallets that are also online ones as they touch the internet if needed. Before you install a wallet or buy crypto in a hard drive form, research some aspects thoroughly such as who will be storing your private key, where will your funds get stored and how will you access them if you lose any sensitive data like passwords, seed phrases, etc.
Paybis
- They are a well-known crypto exchange serving 180 countries and almost 48 states in the US.
- They are FinCEN registered.
- Thus they are a highly reliable regulated crypto exchange.
- They offer high limits with super quick payout.
- Their ID verification is of 5 minutes and has perfect scores of reviews.
Benefits
- Live support available 24/7
- High limits
- Easy verification
- Fast payout
- Huge selection of methods of payment
BitFlyer
- The largest Bitcoin broker in Japan for the number of users, average everyday volume along investment cap.
- It is one of the popular and largest exchanges for Bitcoin worldwide.
- You will be able to deposit funds through bank transfers or credit cards with the functionality of Quick Deposit that is enabled for a lot of banks.
Benefits
- With deep liquidity get assurance of prices near the rate of fair market
- Very low fees such as 0.15 %; it becomes lower if the trading volume is more
- Almost private for small trades
- High limits or no limits if you are a VIP or fully-verified trader
Coinmama
- It lets customers in all country to purchase Bitcoin.
- They charge a fee of 4.9-5.9 % depending on the volume of every purchase.
- Customers residing in Europe can also buy Bitcoin with SEPA transfer at a lower fee.
Benefits
- It works in every country
- Offers highest limits to buy Bitcoin using a credit card
- It is reliable and trustworthy
Coincheck
- It is a Bitcoin exchange that is based in Japan.
- Any registered user can purchase or sell Bitcoin through a credit card or bank transfer.
Benefits
- There is no requirement to verify identity for citizens of Japan who buy Bitcoin worth less than $500.
- It is one of the few main Bitcoin exchanges in Japan.
- It supports many altcoins.
Bitcoin ATMs
- Use it for buying Bitcoin with cash.
- They are quick and the easiest way for buying Bitcoin.
- Bitcoin ATMs are private.
- With this privacy and convenience, they charge fees of around 5-10 %.
Benefits:
- You can easily find a Bitcoin ATM nearby you.
Conclusion
Buying Bitcoin or another cryptocurrency in Japan is easy and fun. It is nice to reside in a country that adopts technological progress such as developments in cryptocurrency in the blockchain. In Japan, you will be able to trade, shop and accept Bitcoin in the form of your payment method after you run your business and all will be completely legal.
