Summary: Line Pay and Line Bank both do not offer any products or services which enables its customers to buy Bitcoin and cryptocurrencies directly through the app. This means that Line users will need to find an exchange that accepts deposits using Line Pay in the currency you want to use.
Our top pick for Line Pay users is Bybit. Their platform offers fast and cheap Line deposits in JPY, USD, TWD and other currencies to trade 400+ cryptocurrencies with low fees. Bybit is one of the world's largest exchanges by volume & boasts over 10 million users in 150+ countries.
- Fast and Free Line Pay deposits in JPY, TWD and 30 other fiat currencies.
- Trade 400+ crypto assets with low fees via Spot Trading, Futures Trading or Crypto Options.
- Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Can You Buy Bitcoin with Line Pay?
Absolutely, Line Pay, the dominant mobile payment service in Japan, enables its users to exchange Japanese Yen (JPY) for Bitcoin through authorized Japanese cryptocurrency exchanges regulated by the Financial Services Agency (FSA). Line Pay users are encouraged to use these regulatory-compliant platforms, including those with substantial credibility in the Japanese market, for their Bitcoin transactions via their Line Pay accounts. This provides a legal and secure method for investing in this digital asset class.
How to Buy Bitcoin and Crypto with Line Pay
As outlined above, the safest and easiest way to buy Bitcoin, Ethereum and other cryptocurrencies with Line Pay is with a trusted platform like Bybit. They accept Line deposits in a wide range of currencies to trade over 400 cryptocurrencies on their award-winning exchange that is users by over 10 million investors & traders worldwide.
You can get started in minutes with this simple guide:
- Sign up to Bybit with your email address and password (KYC information is not required).
- Select 'P2P Trading' to deposit funds into the platform.
- Choose 'Line Pay' as your payment method and select the fiat currency you want to buy.
- Find the best price from a vendor and click the 'Buy' button to input the amount you want to invest and complete the transfer.
Is Line Pay Crypto Friendly?
Line Pay doesn't enforce any payment policies that restrict its customers from purchasing or trading digital currencies. As such, users throughout Japan and beyond can confidently engage in transactions involving digital assets via Line Pay. Nevertheless, caution is urged when sending Japanese Yen to foreign exchanges (for instance, Binance or Huobi), as Line Pay retains the authority to halt suspicious transactions. To guarantee a secure and trustworthy trading experience, it's suggested that users opt for platforms licensed by the Financial Services Agency (FSA) within Japan.
What is Line Pay
Line Pay is a mobile payment service offered by Line Corporation, a Tokyo-based subsidiary of South Korean internet search giant Naver Corporation. It's an integral part of the Line messaging app, one of the most popular communication platforms in Japan and several other Asian countries.
Line Pay allows users to make payments for a variety of services and products directly from their smartphones. Users can pay for goods in physical stores, settle bills, transfer money to friends, and even hail taxis, all from within the app. The service also supports transactions in different currencies, making it possible for users to shop or send money internationally.
In conclusion, Line Pay, Japan's leading mobile payment service, offers a secure and convenient method to buy Bitcoin and other cryptocurrencies. By partnering with regulated exchanges such as Bybit, Line Pay provides a platform for its users to engage in crypto transactions safely and easily. While Line Pay does not restrict users from purchasing digital assets, it is recommended to use FSA-regulated platforms to ensure a trustworthy trading experience. This user-friendly service, integrated into the widely used Line messaging app, enhances accessibility to digital assets, thereby driving the democratization of cryptocurrency investing.