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How to Buy Crypto with UFJ Bank

How to Buy Crypto with UFJ Bank

Alysha Jane
Fact Checked
Sep 7, 2022

Summary: UFJ Bank does not offer any products or services for customers in Japan to buy and sell cryptocurrencies through their online platform.  However, the bank is one of the few in Japan that is crypto-friendly and allows you to withdraw JPY from your account to a licensed exchange.

If you are looking to get started quickly, we would recommend Bybit Japan as the best exchange for UFJ Bank users thanks to their fast & cheap JPY bank deposits.

Table of Contents

Platform Highlights

  • Trade over 700 Cryptos with up to 100x leverage.
  • Instant JPY Deposits with low trading fees at 0.1%.
  • NFT Marketplace, IDO Launchpad & other features.

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.
Bybit Japan

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.

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.

UF

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.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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