The Best 5 Crypto Exchanges to Use in Japan

Japan is one of the top crypto spots in the world. Although the country is quite strict when it comes to crypto regulation, it is also a good place for crypto businesses to thrive recently.

Residents of the country are allowed to buy and sell cryptocurrencies freely using approved crypto exchanges, so if you’re interested in crypto assets, you also can buy them in Japan to start investing in the most rewarding asset class.

Not all crypto exchanges are good for buying or trading crypto assets though. The suitability of the exchange depends on the particular location of users, and in Japan, we have picked out the best options for you to use in buying and selling your crypto assets.

Binance Japan

Binance, the world’s largest crypto exchange by trading volume, has found a special place in Japan. The exchange launched a platform specifically for Japanese users in the third quarter of 2023, where Japan residents can buy and sell crypto.

The platform has features tailored specifically to the needs of Japanese users, such as the ability to buy easily with the local currency, etc. If you have been using Binance before now, you know there are many reasons why the exchange is popular.

It’s a simple platform to use, for both beginners and advanced users. It is also an exchange that charges very low fees, with maker and taker fees being as low as 0.01%. If you’re looking for a reliable platform to use in Japan, Binance Japan is one you should consider.

Bybit

Bybit is a top choice when it comes to crypto investing in Japan. This is because the exchange clearly understands the needs of the local people, and has consistently supported them in their journeys. 

This platform is especially good for advanced crypto investors and traders who are skilled to use advanced platforms. You can find different methods for depositing the Japanese Yen (JPY) using this platform so that you can buy your crypto easily.

The most notable feature of Bybit is its derivatives platform which offers 25X leverage. The platform also charges low fees like Binance, and supports close to 1,000 crypto assets, making it ideal for altcoin traders.

OKX

OKX is a top crypto exchange driven by innovation. The platform boasts of a wide variety of supported crypto assets, allowing users to buy, sell, trade, and stake cryptocurrencies in several countries including Japan.

The platform also has its own wallet, known as the OKX wallet. This is a hot wallet that customers can use to do all their transactions. For Japanese users, the platform specifically offers up to 5% APY on stablecoin staking.

OKX fees are as low as 0.1% for withdrawal and 0.1% for spot trading. You’ll be able to deposit JPY using different methods such as Bank Transfer, Credit/Debit Card, Line Pay, Japan Post Bank, PayPal, Wise, and Revolut.

bitFlyer

biFlyer is an indigenous Japanese crypto exchange that is regarded as having the largest Bitcoin trading volume in the country. The exchange’s design makes it suitable for both beginners and advanced users to buy and trade crypto assets.

bitFlyer Standard is a beginner-friendly platform that is perfect for those that are just entering the crypto space, while the bitFlyer Lightning is perfect for advanced users looking for advanced tools.

It however only has 19 listed crypto assets, so the variety isn’t as much as that of the other listed platforms. 

Gate.io

This is an exchange that stands out because of its massive selection of altcoins. It supports over 1,700 cryptocurrencies, and is a major favorite among Japanese investors and traders. Even those with the smallest portfolios can use this platform because of its low fees at 0.1% for spot.

You can deposit JPY using methods such as local bank transfers, and debit and credit cards, among others, and the platform caters to both beginners and experienced crypto users.