Best Crypto Exchanges in Japan

Best Crypto Exchanges in Japan

Fact Checked
February 27, 2023
Our Promise

Our mission at Buy Bitcoin Bank is to help you make informed decisions. While we adhere to strict editorial integrity, some posts may feature partner products. Here's how we make money.

Summary: If you want to invest in Cryptocurrencies in Japan, the best method is to go through a secure and trusted digital asset exchange. We recommend avoiding Bitcoin ATMs as they only support Bitcoin purchases and have extremely high fees and wide spreads.

Our expert team conducted a thorough investigation of over 30 exchanges and found that Bybit is the best Crypto trading platform in Japan. Bybit is the best Cryptocurrency exchange for Japanese investors because the platform can be used in Japanese and offers 24/7 Japanese-speaking customer support. It offers free and instant JPY deposits to buy and sell over 400 tokens. You can refer to the below list for a quick overview of the top 5 platforms for Japanese investors.

  1. Bybit - Best Overall Crypto Exchange in Japan
  2. Uphold - Best Exchange for Credit & Debit Cards
  3. OKX - Best Exchange for DeFi Products
  4. KuCoin - Best Altcoin Trading Platform
  5. bitFlyer - Best Japanese Crypto Exchange
Table of Contents

Best Crypto Exchange in Japan

Platform Highlights

  • Free and instant JPY deposits via Bank Transfer, Credit Card, Line Pay, PayPay & more.
  • Trade 400+ Cryptocurrencies with competitively low fees starting from 0.1%.
  • Non-KYC exchange with proof-of-reserves that show customer funds are held 1:1.
Best Crypto Exchange in Japan
Visit Site
Audited Proof of Reserves
Audited Proof of Reserves

Top Crypto Platforms in Japan

As previously mentioned, we have undergone an in-depth evaluation of the top trading platforms for Japanese investors. Our process includes comparing the key features of each exchange, how many tokens they offer, if they have low fees and how secure they are. After a thorough analysis of the platforms, we identified the five best digital asset trading platforms in Japan.

1. Bybit

Bybit is our top pick for Japanese investors due to several reasons. The platform prioritizes the privacy of its customers and does not require KYC verification for depositing, trading, or withdrawing funds. This ensures a seamless and hassle-free user experience. Bybit is also transparent in its assets by providing regularly updated proof of reserves.

Its focus on privacy and transparency makes it a top choice for Cryptocurrency traders in Japan and beyond. In addition, it offers a wide range of features which include derivatives trading with up to 100x leverage, Crypto staking, lending and borrowing services, an NFT marketplace, Copy Trading, and much more. To learn more about this exchange visit our detailed Bybit Review.

Bybit - Best Overall Crypto Exchange in Japan.
Bybit - Best Overall Crypto Exchange in Japan.

2. Uphold

Uphold is considered the second-best platform for Japanese investors as it is the most secure Cryptocurrency exchange in Japan. It is second only to Bybit because it cannot be used in Japanese and only supports credit/debit card deposits. Uphold is a multi-asset exchange that offers trading on over 250 Cryptocurrencies, 5 commodities, and 26 fiat currencies.

It also is one of the few exchanges globally that undergo regular audits to show their proof-of-reserves is 1:1. Uphold offers a variety of other features including a Crypto card that allows users to spend any of the 250 supported tokens on purchases like shopping, paying bills and more. If you would like to learn more about this exchange, visit our detailed Uphold Review.

Uphold - Best Exchange for Credit & Debit Cards.
Uphold - Best Exchange for Credit & Debit Cards.

3. OKX

OKX is our third-best option for cryptocurrency traders in Japan. OKX prioritizes transparency, and it provides proof of reserves, which ensures users' funds are backed on a 1:1 basis. This promotes the platform's security and strengthens its reputation as a reliable exchange.

After thoroughly analyzing the exchange, our team found that OKX offers a wide range of features that include a mobile app, multiple order types, 24/7 customer support, various staking options, an NFT marketplace, and more. These versatile offerings make it an all-in-one platform for cryptocurrency investors. If you want to learn more about this exchange, visit our OKX Review.

OKX - Best Exchange for DeFi Products.
OKX - Best Exchange for DeFi Products.

4. KuCoin

KuCoin is the fourth choice for Japanese traders as it is a Non-KYC Crypto exchange. It is popular for trading altcoins, dog coins and meme coins and supports trading on over 600 Cryptocurrencies. KuCoin offers the widest range of tokens out of any platform on this list.

Our team chose Kucoin because it offers privacy and doesn't require KYC in order to use the platform. However, it is not as secure as the other exchanges featured in this list. Although, it offers a wide range of useful and unique trading features. If you would like to learn more about this platform and its services, visit our KuCoin Review.

KuCoin - Best Altcoin Trading Platform.
KuCoin - Best Altcoin Trading Platform.

5. bitFlyer

bitFlyer is a Japanese Cryptocurrency exchange and is our fifth-best pick. It is the largest in Japan and is based in Tokyo, Japan. One of the most significant advantages of bitFlyer is its security features. It is fully licensed by the Japanese Financial Services Agency and has never been hacked, making it a trusted and reliable platform for buying and selling Cryptocurrencies.

We thoroughly evaluated the exchange and found that it was easy to use and has a user-friendly interface that makes trading convenient for both beginners and experienced traders. bitFlyer offers its users various features, such as spot, margin, and futures trading, a bitFley Crypto Credit Card, a mobile app, a T-points to Bitcoin convert service and much more.

bitFlyer - Best Japanese Crypto Exchange.
bitFlyer - Best Japanese Crypto Exchange.

Is Cryptocurrency Regulated in Japan?

Cryptocurrency is regulated in Japan under the Payment Services Act, which recognizes Bitcoin and other digital assets as a means of payment. The law requires Cryptocurrency exchanges to be registered with the Financial Services Agency (FSA) and to comply with Anti-Money Laundering (AML) regulations to prevent illegal activities.

Japan has been one of the most progressive countries in terms of Cryptocurrency regulation, and it has become a popular destination for Cryptocurrency businesses. The country has also taken a proactive approach to the development of blockchain technology, with several public and private sector initiatives promoting innovation in this field.

Final Thoughts

To summarize, our researchers conducted a detailed investigation into the top five Cryptocurrency exchanges in Japan. After an in-depth evaluation of their features, we concluded that Bybit is the best overall exchange for Japanese investors due to its focus on privacy, transparency, and a wide range of features.

Dylan Matthews

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.

View Posts