How to Buy Bitcoin in Japan | Detailed Guide to Purchasing Bitcoin
In Japan, purchasing Bitcoin and other cryptocurrencies is becoming easier and easier, although not officially recognized. However, individuals and companies can engage in cryptocurrency activities, using popular payment gateways such as bank transfers to conduct transactions involving various national currencies.
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Here, we recommend the secure international exchange OKEx, where you can register and enjoy fee discounts.
After careful evaluation, we strongly recommend OKEx or Binance as the best choices for purchasing BTC in Japan. OKEx and Binance provide fast, zero-fee international currency deposit services and offer a wide selection of over 770 other cryptocurrencies. Importantly, both platforms have low trading fees, are widely recognized as the most trustworthy exchanges globally, and are the preferred recommendations for Japanese users.
Can you buy Bitcoin in Japan?
Yes, individuals residing in Japan can buy BTC (Bitcoin) as well as a range of other digital assets. For a secure and direct purchasing experience, it is recommended to use reputable cryptocurrency exchanges that comply with regulations set by the Bank of Japan or equivalent Asian institutions. These regulations create a secure environment for transactions conducted through local bank transfers or associated debit and credit cards using Japanese yen.
How to buy Bitcoin in Japan?
For those residing in Japan and interested in purchasing stablecoin BTC linked to the US dollar, OKEx and Binance are recommended choices. Known for their robust platforms, OKEx and Binance not only support major currency deposits but also offer over 770 cryptocurrencies and stablecoins for trading and speculation.
There are many exchanges where you can buy Bitcoin nowadays, such as OKEx, Binance, Huobi, and more. Let's take OKEx exchange as an example to explain the Bitcoin buying and selling process.
XRP Coin - How to buy?
Here, we recommend the secure international exchange OKEx, where you can register and enjoy fee discounts.
The process of purchasing XRP coins is straightforward, requiring just a few steps to complete. Below is a guide on purchasing and trading XRP coins on OKEx:
1. Click on [Register] on the OKEx exchange homepage to enter the registration page, choose [Phone number], enter the phone number, and click [Register] to proceed.
2. Enter the phone number and click on the pattern for verification.
3. Input the phone verification code.
4. Select the country/region of residence and click [Next].
5. Set a password that meets the requirements and click [Next] to complete the account creation.
6. Undergo identity verification by clicking on the profile picture - [Identity Verification] - [Personal Identity Verification].
7. Click on [Trade] - [Spot] on the top navigation bar.
8. Search for the coin abbreviation [XRP] and select the [XRP/USDT] trading pair.
9. Enter the purchase quantity and click [Buy XRP] to complete the XRP coin purchase.
Is Bitcoin legal in Japan?
In Japan, the regulatory framework for cryptocurrencies is overseen by the Bank of Japan. Purchasing BTC (Bitcoin) in Japan is legal, but investors must stay informed about the latest regulations and guidelines set by the governing body.
Though buying Bitcoin is allowed, specific exchanges compliant with the regulatory standards set by the Bank of Japan have been approved. Therefore, it is recommended to use these authorized platforms for cryptocurrency trading. Additionally, all cryptocurrency-related activities in Japan must comply with Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) regulations to ensure a safe and compliant trading ecosystem.
Why is cryptocurrency popular in Japan?
Cryptocurrencies have become popular in Japan for several reasons. One of the main driving factors is the increasing awareness and understanding of digital assets and underlying blockchain technology by people. Additionally, the Japanese economy has experienced significant growth and stability, leading to increased disposable income, investment opportunities, and speculative activities.
The government has also taken measures to support the development of the cryptocurrency industry. Furthermore, as the country continues to embrace technological innovations, the use of digital currencies as a means of payment and investment has gained more attention. All these factors have contributed to the growing popularity of cryptocurrencies in Japan.
