Buy Crypto with UFJ Bank

How to Buy Crypto with UFJ Bank in Japan

UFJ Bank is one of the few banks in Japan that offers crypto-friendly services, making it a great option for those looking to get started in the industry. While the bank does not offer any products or services for customers to buy and sell cryptocurrencies directly through their online platform, they do allow you to withdraw JPY from your account to a licensed exchange.

This means that, to buy crypto with UFJ Bank, you will first need to do the following to get started:

1. Open an account with a licensed exchange that accepts JPY deposits (such as Bybit Japan).
2. Transfer JPY from your UFJ Bank account to your Bybit Japan account.
3. Find the cryptocurrency you want to buy on Bybit with JPY (over 600 assets).
4. Input the JPY amount you want to buy and execute your trade.

Is UFJ Bank Crypto Friendly in Japan?

One thing to note is that, while UFJ Bank is one of the most crypto-friendly banks in Japan, they do have a few restrictions in place. For example, you are only able to withdraw up to 500,000 JPY per day from your account (with a maximum of 2,000,000 JPY per month). Additionally, UFJ Bank may also require you to provide additional documentation when withdrawing large amounts of JPY to a crypto exchange.

We found that Bybit was the best crypto exchange in Japan for users looking for a platform that has high deposit and withdrawal limits. They allow users in Japan to deposit & withdraw up to 1,000,000 JPY ever 24 hours from any Japanese bank, including UFJ.

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About UFJ Bank

UFJ Bank, also known as UFJ Holdings, is one of the largest banks in Japan. The bank was created through the merger of Sanwa Bank, Tokai Bank, and Yamanashi Chuo Bank. UFJ is headquartered in Tokyo and has branches throughout Japan.

The UFJ Group offers a wide range of banking and financial services to its customers, including personal and business banking, loans, credit cards, investments, and insurance. UFJ also has a strong international presence, with branches in the United States, Europe, and Asia. UFJ is a member of the Mitsubishi UFJ Financial Group (MUFG), one of the largest financial groups in the world. MUFG is headquartered in Tokyo and has operations in more than 50 countries.

Final Thoughts

while UFJ Bank does not directly offer products or services for customers to buy and sell cryptocurrencies through their online platform, it is still one of the few crypto-friendly banks in Japan. By following the steps outlined in this article, UFJ Bank users can easily buy and sell cryptocurrencies by withdrawing JPY to a licensed exchange such as Bybit Japan.

However, it's essential to keep in mind the restrictions and additional documentation requirements when withdrawing large amounts of JPY. Bybit Japan stands out as a reliable and convenient option for UFJ Bank users looking for high deposit and withdrawal limits. As with any investment, it's important to conduct thorough research and understand the risks before buying cryptocurrencies.