Best Crypto Exchange Japan 2023

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list of the best places to buy cryptocurrencies and bitcoin in Japan.

1.Cex.io 2.Changelly 3.Kraken 4.Paxful 5.Kriptomat 6.Binance

1.Cex.io

Cex.io Founded in 2013, CEX.IO is a licenced, multi-purpose cryptocurrency exchange. Over 100 digital currencies and tokens, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Uniswap (UNI), and others, are supported by this cryptocurrency exchange with headquarters in London.

Over four million users are served by the global crypto exchange ecosystem that CEX.IO has created, which is accessible in 99% of nations and 48 U.S. states.

CEX.IO was established  as a Bitcoin cloud mining provider and marketplace for hashing power. The startup wanted to make it possible for people to receive Bitcoin mining profits without having to install expensive mining equipment in their houses.

Following the shutdown of GHash.IO because of its lack of profitability in late 2016, CEX.IO made the decision to halt cloud mining. Instead, the business redirected its attention to creating a global ecosystem of cryptocurrency exchanges.

In order to serve the European market, CEX.IO is registered with the Gibraltar Financial Services Commission (GFSC) as a DLT Provider and with FinCEN in the United States and Canada as a Money Services Business (MSB). The UK Financial Conduct Authority has granted CEX.IO interim registration as a cryptocurrency asset business in the country (FCA).

websitewww.cex.io
Where is cex.io located?London, United Kingdom
Founded2013
FoundersOleksandr Lutskevych
TwitterClick here
Payment Methods  Debit Card , Credit Card , Bank Transfer (SEPA) , SWIFT,ACH,Faster Payments,Faster Payments,QIWI,Skrill  (Visa, MasterCard)
Supported fiatUSD, EUR, RUB, GBP
FeesKnow more
Parent CompanyCEX.IO Corp., CEX.IO Limited and CEX Overseas Ltd are collectively managing the CEX.IO platform.
Mobile app availableAndroid and iOS
Is cex.io decentralized?No it is centrlized exchage
Is cex.io regulated?Europ- Gibraltar Financial Services Commission.   Usa and canada-FinancialCrimesEnforcementNetwork. United Kingdom- Financial Conduct Authority.
StakingYes Available
LendingYes Available
Crypto loanYes Available
Nft platformNot Available
Otc trading deskYes Available
APIYes Available
Is cex.io safe?protection from DDoS attacks, complete data encryption, cold storage of cryptocurrencies, and compliance to PCI DSS standards to protect consumer money
What services does cex.io Exchange offer?CEX.IO Card only for u.k user  
SupportKnow more
Margin tradingYes Available
KycGovernment Id Card or Passport or Driving Licence,phone number and email address.
What documents are needed for cex.io Kyc?Know more

2.Changelly

Changelly makes it possible to purchase and sell cryptocurrencies as well as exchange them. An easy-to-use user interface and quick registration with an email address. Nearly 200 different cryptocurrencies are available on Changelly, a non-custodial exchange. You may trade cryptocurrencies at minimal cost with its user-friendly, safe service. There are restrictions when purchasing a cryptocurrency with fiat money, and these restrictions vary by country and location. See below for restrictions.

Residents of the USA, Canada, and Australia are limited to just $50 for their initial purchase. Their second purchase, which can only be done four days after the first, can be for $100. $500 can be bought 7 days after the initial transaction. Then, there are no restrictions.

People who live in the CIS region are only allowed to spend $200 on their first transaction; after 24 hours, they can spend up to $2000 for the first week and $10,000 for the first month on additional purchases.

Users’ initial transactions are restricted to $100 in the EU and other countries. Their following buy may cost $200, however

Changelly may be appealing to those who would wish to remain anonymous because no verification is necessary in order to use the exchange. 

In contrast to many other cryptocurrency exchanges, there are no legal requirements.  Users are just asked to provide an email address, which will never be given to a third party.

websitewww.changelly.com
Where is Changelly located? Prague, Czech Republic
Founded2015
FoundersKonstantin Gladych, Alex Melikhov
TwitterClick here
Payment MethodsCredit Card,Debit Card sepa/swift, apple pay,visa mastercard.
Supported fiat  USD,EUR,GBP,CAD,AED,AMD,ANG,ARS,AUD,AZN,BAM,BBD,BDT,BGN,BMD,BND,BOB,BRL,BWP,BYN,CAD,CHF,CLP,CNY,COP,CRC,CZK,DJF,DKK,DOP,EGP,GEL,GHS,GTQ,HKD,HNL,HRK,HUF,IDR,ILS,INR,ISK,JMD,JOD,JPY,KES,KGS,KHR,KRW,KWD,KYD,KZT,LBP,LKR,MAD,MDL,MKD,MNT,MOP,MUR,MXN,MYR,MZN,NAD,NGN,NOK,NZD,OMR,PAB,Sol,PEN,PGK,PHP,PKR,PLN,PYG,QAR,RON,RSDRUB,SAR,SEK,SGD,SOS,THB,TRY,TTD,TWD,TZS,UAH,UGX,UYU,UZS,VND,XAF,XOF,ZAR
FeesKnow more
Mobile app available:Android and iOS
Is Changelly decentralized?No it is centrlized exchage
StakingNot Available
LendingNot Available
Crypto loanNot Available
Is Changelly regulated?Changelly is not an regulated  cryptocurrency exchange.
Nft platformNot Available
Otc trading deskYes Available
APIYes Available
Is Changelly safe?Changelly is really secure. Because they do not keep your cryptocurrency in a wallet, they simply take your deposited dollars or assets, exchange them for your chosen cryptocurrency, and then deposit the new cryptocurrency in your own wallet. This makes doing crypto trades incredibly safe. Similar to a conventional exchange, this cannot be hacked. Therefore, the only risk is human mistake as long as you’re using a secure software or hardware wallet to which you have the keys (for instance, providing the incorrect deposit address).
SupportKnow more
24/7 live chat support
Margin tradingNot Available
What documents are needed for Changelly Kyc?Government Id Card or Passport or Driving Licence,phone number and email address.
FAQKnow more

3.Kraken

Kraken,founded in 2011 and launched in 2013, is one of the world’s largest and oldest exchanges. And it has prioritised security since the beginning. It hasn’t been hacked in nine years, which speaks for itself.

Kraken is one of the few exchanges that supports margin trading, stop orders, and cryptocurrency short sales. 

It also has a dark pool, which allows high-volume investors to trade anonymously. 

Kraken allows you to leverage a currency pair up to 5x and provides eligible pro clients with up to $500,000 in margin. 

Before you get too excited, keep in mind that margin trading is risky. You’re basically borrowing money to invest with.

Kraken has three account levels,  starter, intermediate, and pro.

Starter: You can deposit, exchange, and withdraw cryptocurrencies with this basic account, but you can’t do much else. You can’t withdraw or deposit fiat currencies, so if you want to convert dollars to cryptocurrency, you’ll need to upgrade.

 Intermediate: You’ll need to provide a valid photo ID (such as a passport or driver’s licence), proof of residence (such as a utility bill), and your Social Security number or ITIN to upgrade to an Intermediate or Pro account. You’ll be able to deposit fiat and trade Kraken futures once you’ve upgraded.

 Pro: The Pro level grants access to the anonymous “dark” trading pool and over-the-counter desk, as well as higher account limits. The desk allows for large orders to be placed without causing price disruptions on the public exchange.

websitewww.kraken.com
Where is Kraken located?548 Market Street, Suite 39656, San Francisco, CA 94104-5401, United States
Founded2011
FoundersJesse Powell
TwitterClick here
Payment MethodsElectronic Funds Transfer , Bank Transfer (SEPA) , Wire Transfer.
Supported fiatUSD, EUR, GBP, JPY, CADAUD, CHF
FeesKnow more
Parent Company:Payward, Inc.
Mobile app available:Android and iOS
Is kraken decentralized?No it is centrlized exchage
StakingYes Available
LendingYes Available
Crypto loanNot Available
Is kraken regulated?USA — FinCEN registration number 31000176593851. Canada — FINTRAC registration number M19343731. UK-CryptoFacilities Ltd. is regulated by the Financial Conduct Authority Australia-“Bit Trade Pty Limited”) is registered as a Digital Currency Exchange and regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) Japan-Crypto Asset Exchange Operator with the FSA in Japan. Registration Number: Director-General of Kanto Local Finance Bureau No. 00022
Nft platformYes Available
Otc trading deskYes Available
APIYes Available
Is kraken safe?95 percent of all cryptocurrency deposits are kept offline.
What services does BitPanda Exchange offer?Forex trading,
SupportKnow more
Margin tradingYes Available
Futures TradingYes Available
What documents are needed for kraken Kyc?Government Id Card or Passport or Driving Licence,phone number and email address.
FAQKnow more

4.Paxful

Paxful is a well-known digital peer-to-peer cryptocurrency exchange . Users of Paxful can buy and sell cryptocurrencies using a variety of payment options.

Paxful is not a regulated exchange, using it is secure and safe. It is crucial to remember that purchasers shouldn’t mix up the integrity of the platform and that of the seller. Although the Paxful platform adheres to KYC standards and demands ID from clients for verification, it is not governed by any national laws. Since the anti-money laundering and KYC procedures are in place, users can utilise the platform safely.

Paxful’s platform is available worldwide, and the minimum purchase amount is only $10. If you are trading for more than $1500, you must provide ID verification.

BitGo provides the Paxful wallet, which supports multi-sig wallets, giving users a security option. This peer-to-peer exchange also includes an escrow service, which holds the bitcoins until both parties are satisfied with the transaction.

Paxful also offers a rating system for sellers and buyers in order to encourage good behaviour and foster a trustworthy trading environment. While the escrow service assists the system in resolving the issue of trust between platform users, the rating system assists users in easily identifying trustworthy actors.

websitewww.paxful.com
Where is Paxful located?3422 Old Capitol Trail, PMB 989, Wilmington DE 19808
Founded2015
FoundersRay Youssef and ArturSchaback
TwitterClick here
Payment Methods  Bank transfer,Digital currencies ,Goods & services,Gift cards,Debit/credit card,Online wallets
Supported fiat  USD,EUR,AED, AUD, BRL, CAD, CNY, EUR, GBP, INR, JPY, MXN, SAR, SEK, SGD, USD, GHS, KES, NGN, UGX, ZAR, IDR, CNY, HKD, INR, CAD, GBP.
FeesKnow more
Parent CompanyPaxful, Inc
Mobile app availableAndroid and iOS
Is paxful decentralized?No it is centrlized exchage
StakingNot Available
LendingNot Available
Crypto loanNot Available
Is paxful regulated?Paxful is not a regulated.
Nft platformNot Available
APIYes Available
What services does paxful Exchange offer?Bitcoin ATM Map
SupportLive chat
Margin tradingNot Available
What documents are needed for Paxful Kyc?Government Id Card or Passport or Driving Licence,phone number and email address.
FAQKnow more

5.Kriptomat

A friendly exchange for newcomers. The user was considered during the creation of Kriptomat. It makes it incredibly simple to securely link your linked bank account to your private crypto wallet and transfer, trade, buy, sell, deposit, and withdraw both fiat and cryptocurrency funds.

The platform is available in over 80 countries and is available in 23 different languages,: English, German, Portuguese (incl. Brasilian Portuguese), Estonian, Romanian, Spanish, French, Slovenian, Slovak, Croatian, Swedish, Italian, Turkish, Latvian, Czech, Lithuanian, Greek, Hungarian, Belarusian, Dutch, Russian, and Polish.

Kriptomat makes use of the following security measures to uphold the highest physical and cybersecurity standards: Cold storage ,A dedicated 24/7 monitoring team,Security tests        ,Encryption mechanisms,Network security ,Physical security measures ,DDoS protection system with a Web Application Firewall

On business days, the support staff is available from 8:00 to 17:00, and responses are frequently given within an hour.

websitewww.kriptomat.io
Where is kriptomat located?Pärnu mnt 31, 10119 Tallinn, Estonia
Founded2018
FoundersSrdjan Mahmutovich
TwitterClick here
Payment MethodsCredit card,Skrill,Neteller,Zimpler, Sofort deposit
Supported fiat  EUR,USD,GBP,BGN,HRK,CZK,HUF,PLN,SEK,TRY,RUB,CHF,NOK,RON,DKK
FeesKnow more
Parent CompanyKRIPTOMAT OÜ
Mobile app available:Android and iOS
Is kriptomat decentralized?No it is centrlized exchage
StakingNot Available
LendingYes Available
Crypto loanNot Available
Is kriptomat regulated?Ministry of Finance’s Financial Intelligence Unit, theEstonian commercial register 
Nft platformYes Available
Otc trading deskYes Available
APIYes Available
Is kriptomat safe? 98% of digital assetsare stored in extremely secure offline wallets with regularly checked balances and rigorously controlled access.
Other featuresKriptomatPay, Recuring buy.
SupportKnow more
Margin tradingNot Available
What documents are needed for kriptomat Kyc?Government Id Card or Passport or Driving Licence
FAQKnow more

6.Binance

The world’s largest cryptocurrency exchange by volume, Binance, was established by Changpeng Zhao and started in July 2017. He was a software developer with Bloomberg for six years before leaving to found his own business. He also joined the Blockchain team early on and later held executive positions at OKCoin and BijieTech before creating Binance.

The business grew into other nations, including the US, Japan, UK, Germany, France, and India.

Many of Binance’s characteristics set it apart from competing exchanges. It provides a huge selection of cryptocurrencies for trading, great liquidity, and affordable trading costs. They provide margin trading, something not all exchanges do. Additionally, it offers large volume traders an over-the-counter (OTC) trading desk. Depending on the sort of deal you make, Binance will charge you a trading fee (market or limit). Additionally, they give discounts if you pay your trading expenses using their token, BNB, or with other cryptocurrencies.

Websitewww.binance.com
Where is Binance located?Cayman Islands; Mahé, Seychelles
Founded2017
FoundersChangpeng Zhao
TwitterClick here
Payment MethodsCredit Card , Debit Card) , SWIFT
SEPA Bank transfer
Supported fiat  AED,ARS,AUD,BRL,CHF,CZK,CAD,DKK,EUR,GBP,GHS,HUF,HKD,INR,JPY,KZT,KES,MXN,NGN,NOK, NZD,PEN,PLN,RUB,SEK,TRY,UGX,USD,UAH,VND,ZAR.
FeesKnow more
Parent CompanyBinanceHoldingsLtd
Is Binance regulated?France- Autorité des marchés financiers (AMF)
Mobile app availableAndroid and iOS
Is Binance decentralized?No it is centrlized exchage
StakingYes Available
LendingYes Available
Crypto loanYes Available
Nft platformYes Available
Otc trading deskYes Available
APIYes Available
Is Binance safe?Custody providers insured up to $250 million The vast majority of user funds and assets are safely stored in offline, cold storage facilities.
What services does BitPanda Exchange offer?Academy, Binance Live, Charity, Card, Labs, Launchpad, Research, Trust Wallet, Binance Pay, Binance Gift Card, P2P, Strategy Trading, Binance Liquid Swap.
Support24/7 Chat Support
Margin TradingYes Available
Futures TradingYes Available
Options TradingYes Available
What documents are needed for Binance Kyc?To access Binance’s products and services, all new users must complete Intermediate Verification. Government Id Card ,Passport, Driving Licence,Phone Number email id.  
FAQKnow more

What is a Cryptocurrency Exchange and How Does It Work?

A cryptocurrency exchange is an online trading platform that serves as a middleman between cryptocurrency buyers and sellers. These online trading platforms let users trade cryptocurrencies for fiat and digital money. These marketplaces enable users to deposit funds using procedures like direct bank transfers, online banking, or peer-to-peer (P2P), among others, and they levies a commission or fee for each transaction carried out using their services. Read How To Buy Cryptocurrency to learn more about buying cryptocurrencies in depth. Any of these exchanges have a reasonably straightforward method for creating new accounts. A user must complete the following steps to open a trading account after choosing a suitable exchange.

Steps to Buy Cryptocurrency in Japan

Open an account with an exchange- Install the chosen exchange’s app, then register for an account.

Complete the KYC verification process

Fill in the required information, including your name, email address, and phone number. The user receives a mail asking KYC information on the same id after the email has been verified. Verify your email address’s address, then finish the KYC procedure. Create a password that is strong. Never share your app, wallet, or exchange passwords to anyone because it can be challenging to get them back.

Make a fiat deposit

You must connect a bank account or credit card to the exchange in order to start purchasing bitcoin and other cryptocurrencies. The time it takes for the funds to reach the exchange might range from a few minutes to days, depending on the payment method.

Buy cryptocurrency

When your account is funded, you are ready to purchase your first bitcoin and other cryptocurrencies. It’s important to note that you do not need to buy a full crypto currencies. You can typically purchase bitcoin or any other cryptocurrency on an exchange for as low as a Rs100.

Types of Cryptocurrency Exchange Fees in Japan

The fees and charges levied by various cryptocurrency exchanges in Japan vary. Let’s look more closely at what these fees entail.

Joining Fee

The majority of Japan bitcoin exchanges did not charge a joining fee.

Deposit Fee

When a user transfers funds or coins into a cryptocurrency exchange to start a purchase or sell transaction, they are charged this fee. The amount of the deposit fee entirely depends on the method of the user’s money transfer.

Trading Charges

The most crucial component of a cryptocurrency exchange’s fee structure is its trading charges. Trading commissions may be assessed as a fixed percentage of the total value of cryptocurrency that a trader purchases or sells, or an exchange may assess fees based on the orders made, with makers and takers being assessed at different rates. Therefore, it is essential to comprehend Maker and Taker expenses before moving forward.

A maker is a party who sells bitcoin to generate liquidity on the market.

The party that purchases bitcoins to remove it from the market’s liquidity is the taker.

A fixed amount of fees are paid for the transaction by both the maker and the taker. Makers do, however, often pay less.

The trading fees differ between exchanges, typically falling between 0% and 0.25%. It should be noted, though, that although some exchanges advertise that they have no costs for users, one must look closely to see if they actually charge in the form of spread, which is the price difference between buying and selling a cryptocurrency. Additionally, this rate is typically larger than the trading fee.

Withdrawal Fee

On some exchanges, the user is charged when they withdraw funds into fiat. When a user places a sell order on the exchange, the money is available for withdrawal when it appears in his or her wallet. The user can make whole or partial withdrawals into their designated bank account here, subject to fees. The user also has the choice to withdraw money in coins, however doing so entails a fee.

Staking Fees

Over the past few years, staking has grown to be a very well-liked function provided by a variety of exchange platforms. In a nutshell, staking is using a portion of your money as collateral in the Proof of Stake or Proof of Delegated Stake process, allowing you to generate passive income. But occasionally staking has a modest price.

Staking fees are often deducted from earned staking rewards rather than being imposed as an additional price that users must pay. These costs may vary depending on the token being staked or they may be uniform across the board on a platform. However, some platforms don’t charge anything for staking.

What To Look For In A Great Japan Crypto Exchange

You should conduct extensive research before using a cryptocurrency exchange in Japan for trading or investing. When choosing an exchange to trade in cryptocurrencies like bitcoin, investors must be aware of the safety and security of digital tokens. When evaluating a platform for cryptocurrency trading, the following elements should be taken into account:

Transparency of the Exchange

Due to the lack of legal regulation, trust and transparency are essential. Each nation offers a wide variety of exchanges. Examine the exchange’s audit data to choose a trustworthy exchange. Reports on audits include information about a company’s financial situation. Transparent exchanges disclose how to check bitcoin reserves and reveal cold storage addresses.

Ease of Trade

The ease of transaction is a major consideration when selecting an exchange. It’s important to assess how quickly cryptocurrencies may be transferred and settled. Certain exchanges frequently provide “lock-in” rates. The purchase price of the cryptocurrency is fixed by the lock-in pricing scheme, regardless of price changes up until delivery.

Order Book Volume

The exchange is being used by more traders and investors, as seen by the high order book volume. As a result, existing investors have greater liquidity when selling any given cryptocurrency.

To increase user confidence, the majority of exchanges disclose the Order Book Volume. It is not, however, against the law for an exchange to suppress the Order Book Volume. If the exchange lacks the capability to do so or its volume is smaller than that of other exchanges, it might not be possible for it to release the Order Book Volume.

Exchange Reputation

The most personalised thing to take into account is probably the exchange’s reputation. If an exchange has made significant investments in media companies (PR) to develop its reputation, the exchange may appear quite rosy and glossy.

The investor must therefore carefully evaluate the goodwill of exchange. It is suggested that you conduct adequate research, have a professional consultation, and discuss the matter. Numerous interest forums offer real, unprejudiced, and truthful perspectives. Building a robust community requires investors to simultaneously share their experiences.

Location of Exchange

Finally, the exchange’s location is equally important in determining the laws and regulations that will apply to the exchange. Investors need to be informed of the exchange’s registered office and compliance with applicable laws and regulations.

It is advised for investors to transact using a nearby or home-based cryptocurrency exchange. The foreign exchange risk connected with trading on overseas markets is also removed by investing in a local exchange. Investors are urged to educate themselves on the pertinent tax laws.

Supported coins:

The best cryptocurrency exchanges provide a large selection of currencies for trading since doing so enables users to trade a variety of crypto assets and optimise their profits.

Customer support: 

The top cryptocurrency exchanges always feature top-notch customer service, allowing consumers to seek assistance if they run into any issues. Take into account the number of ways you can contact their support staff, how quickly they respond, and how helpful their responses are.

Buy Bitcoin for cash in Japan

A bitcoin ATM allows users to buy bitcoin and other cryptocurrencies.Verify that you have a Bitcoin wallet before making a purchase because some ATMs require one. The usual costs are between 5 and 10 percent, however a lot depends on your country.

The costs associated with buying bitcoin with cash are often very significant. Furthermore, it is private because, in most cases, no personal information is required, especially when transacting in-person or without verification at an ATM.Find a Bitcoin ATM nearby Click here.


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