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Buy Bitcoin (BTC) in Japan with JPY with Lowest Fees
Buy Bitcoin (BTC) in Japan with JPY with Lowest Fees
You have been on a long and arduous journey in search of the perfect platform to buy Bitcoin in Japan. You've scoured the internet, read countless reviews, and even asked your friends for recommendations. But despite your valiant efforts, you were unable to find a reliable and user-friendly exchange that met all of your criteria – until now. Thanks to Changelly, your quest for the best crypto exchange to buy Bitcoin (BTC) in Japan is finally over. With its intuitive interface, lightning-fast transaction speeds, and top-notch security features, Changelly offers the ultimate crypto trading experience. Whether you're a seasoned investor or a first-time buyer, Changelly is the perfect provider to help you effortlessly navigate the complex world of cryptocurrency. Gone are the days of worrying about high transaction fees, long processing times, or the risk of fraud. With Changelly, you can rest assured that your crypto deals are safe and efficient, and that you're getting the best possible exchange rates. Sign up for Changelly today and start buying Bitcoin, or hundreds of other popular digital assets, in Japan with ease!
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How to buy Bitcoin in 5 easy steps
Set your purchase pair
Select the crypto you’d like to purchase. Next, choose the local currency you want to buy crypto with and your country of residence. Compare the best offers and choose the one that suits you most.
Provide your crypto wallet address
Enter your crypto wallet address in the required field. Double-check your unique crypto wallet address to make sure it is correct.
Verify your identity
Verify your identity with the provider you've chosen to buy crypto with. This is the best way to make sure that the payment information is only yours.
Confirm your payment
Confirm your payment and have your purchased cryptocurrency delivered to your crypto wallet in several minutes.
Welcome your crypto
As soon as the payment goes through, your coins will be credited to your wallet address.
Payment methods to buy Bitcoin
A bank transfer is a secure option to buy cryptocurrency, especially if you are thinking of purchasing large amounts of virtual currency. Keep in mind that bank transfers may take a little longer, and fees may vary.
Apple Pay and Google Pay
Apple Pay and Google Pay are the quickest ways to buy BTC with a credit or a debit card from your iOS or Android device.
Credit or Debit Card
Credit or debit card payment is one of the effortless ways to buy BTC and other cryptocurrencies in a fast and secure manner. With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.
Buy Bitcoin Without Any Hassle
Purchase your crypto with any payment method that suits you best. Start buying with as little as 30 USD or your local currency equivalent.
Why buy Bitcoin on Changelly?
We take a comprehensive security approach to ensure your crypto investments and identity are safe. We provide quick crypto purchases to more than 2.6 million users every month.
Got any questions? We've got all the answers. Changelly offers personal support to each and every user. We are here to help you 24/7 with any challenges that you might face using our services.
Get any of the 500+ supported cryptocurrencies in mere minutes with just a few clicks and at the best rates on the market.
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How is The Price of Bitcoin Determined?
The Bitcoin price is a complex and constantly fluctuating matter. One of the primary factors that play a significant role in determining the value of Bitcoin is the trading volume. The more people buy and sell BTC, the higher the demand and the price.
Another essential element is Bitcoin mining, where the mathematical algorithms solve to produce new Bitcoins; however, it also impacts the price as it determines the rate of supply.
The influence of mass media cannot be underestimated, either; the news and opinions from prominent figures can sway the market sentiment and cause volatility in Bitcoin's price.
Government regulations and endeavors can also affect the value of Bitcoin as the people in power control the legality of buying and selling cryptocurrencies.
Market sentiment, the overall mood and attitude of the traders, and natural phenomena, such as climate change and energy consumption, can also have a significant pressure on Bitcoin's price.
Therefore, understanding the complex interplay of these factors is crucial in predicting and understanding Bitcoin's price movements.
Can I Buy Less Than 1 Bitcoin?
If you're interested in investing in Bitcoin but hesitate to buy a full Bitcoin due to the high price, you'll be delighted to know that you can purchase less than one BTC. Bitcoin can be divided into units as small as one hundred millionth of a Bitcoin, called a satoshi. This denotes you can invest as little or as much as you want without breaking the bank. In fact, buying fractional shares of a Bitcoin is a great way to start your investment journey without taking on too much risk. So, whether you're looking to invest $10 or $10,000, you can buy the exact amount of Bitcoin you want and take advantage of the potential growth of this digital asset.
If you're worried about investing a large sum all at once, you can consider a strategy named dollar cost averaging. This involves investing a fixed moderate sum of money at regular intervals, such as weekly or monthly, regardless of the price of Bitcoin. Over time, this can help reduce the impact of market volatility on your investment returns and potentially lead to greater long-term gains. So, if you cannot afford to buy the whole Bitcoin at once, dollar cost averaging might be right for you. With it, you’ll avoid the stress of trying to time the market and can benefit from the potential long-term growth of Bitcoin.
Where to Store Your Bitcoins?
If you are conscious about keeping Bitcoin safe, there are a variety of options available, each with its pros and cons.
One popular option is a hardware wallet, also known as cold storage. A hardware wallet is a physical device that stores your private keys offline, making it less vulnerable to hacking attempts or online threats. It's an excellent solution for Bitcoin investors looking for maximum security and peace of mind. However, such a gizmo can be a bit pricey, and you'll need to keep it safe from physical damage or theft.
Alternatively, you can opt for a software wallet, or hot storage, which is a digital wallet, either web-based or mobile, that stores your private keys on a device connected to the internet, making it a great solution for a cash app. Software wallets are usually zero-pay, easy to set up, and convenient to use. But they are also more vulnerable to hacking attempts, malware, or phishing attacks. If you opt for a software wallet, choose a reputable provider and enable two-factor authentication to enhance your security.
Another aspect to consider when choosing a Bitcoin wallet is whether to go for a custodial or non-custodial option. A custodial wallet is managed by a third-party service provider that holds your private keys on your behalf. This type of crypto wallet is convenient and user-friendly, but it also comes with a higher risk of losing your funds if the provider goes bankrupt, or its servers are broken into by hackers.
On the flip side, a non-custodial wallet means that you are the sole owner of your private keys and have full control over your digital funds. It's a safer choice, but it requires more responsibility and technical knowledge.
Finally, multi-feature crypto wallets are becoming increasingly popular among cryptocurrency users. These wallets provide a range of features, such as multi-currency support, an exchange (trading platform) integration, staking, Annual Percentage Yields, or decentralized finance (DeFi) applications. They offer a seamless and comprehensive experience for managing your crypto assets, but they also come at a higher risk of vulnerability and complexity. Make sure to perform your due diligence and choose a multi-feature wallet that fits your needs and expertise level.
Which Bitcoin Wallet Can I Use?
Bitcoin wallets are an essential tool for anyone looking to get involved in the world of cryptocurrency. With so many options in the market, it can be overwhelming to choose the best Bitcoin wallet. The crypto community widely trusts some prominent brands that have stood the test of time.
One of the most popular Bitcoin wallet brands is Ledger. The manufacturer offers a range of hardware wallets that are known for their exceptional security features. Their intuitive interface and compatibility with multiple currencies make them a top choice for both beginners and experienced users alike.
Another well-regarded crypto wallet brand is Trezor. The company also offers hardware wallets that provide advanced security measures and a user-friendly experience. Their sleek design and reliability have earned them a loyal following among crypto enthusiasts.
Apart from Ledger and Trezor, there are many other great Bitcoin wallet brands to choose from. Some other top contenders include Exodus, Coinbase, and Mycelium. Each of these brands comes with unique features and benefits that cater to different users' preferences. For example, Exodus is known for its beautiful design and easy-to-use interface, while Coinbase is also an exchange that provides a simple and convenient way to buy and store Bitcoin. Mycelium is a mobile wallet that allows for no-sweat transactions on the go. Ultimately, the best Bitcoin wallet for you will depend on your specific requirements and priorities.
Got any questions about the BTC purchase on Changelly?
We tried to gather all the necessary information about the BTC purchase on this page. Yet, the crypto world can be darned confounded. If you still have questions, check out the FAQ page or contact our support team 24/7.
Keep your Bitcoin safe and sound
If you are searching for the best cryptocurrency wallets for your favorite coins, look no further! Whether you are a crypto pro or just starting out, these wallets might be a good option for crypto storage.
Integrating Changelly services into Trezor Wallet's exchange has been a great success for all parties, especially the users. Working with Changelly is a pleasure, thanks to their professional and courteous approach.
Changelly is the best option for users to access the most cost-savvy rates
With Changelly's stellar team, we have developed a unique system to ensure exchanges are fulfilled in the fastest possible time and with immediate customer support.
We are thrilled to partner with Changelly to provide an exceptional trading experience: anytime, anywhere - in a few simple taps!
What is Bitcoin?
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value.
Is It Legal To Buy Bitcoin in Japan?
Japan, the Land of Cherry Blossoms and mind-blowing technologies, has been one of the most progressive countries in regard to regulating cryptocurrencies. It was the first country in the world to recognize Bitcoin as a legal property in 2017.
The Financial Services Agency (FSA) is the authority responsible for overseeing the cryptocurrency market all across the Japanese Islands. The Payment Services Act was enacted in 2009 to regulate the activities of payment service providers in Japan, including cryptocurrency exchanges. Under this act, cryptocurrency (Bitcoin) exchanges must register with the FSA and comply with the necessary protocols.
The legislation for Japanese crypto exchanges and retail investors is quite strict. Exchanges in Japan must meet several criteria before they can be approved by the FSA. These criteria include having proper security measures in place to safeguard users’ funds, conducting regular audits, and abiding by a robust anti money laundering (AML) and know-your-customer (KYC) policy.
The FSA has also introduced additional regulations to protect retail users. In 2018, the FSA banned privacy-focused cryptocurrencies like Monero and Zcash. The reason behind this was to prevent money laundering and other illicit activities that these cryptocurrencies could facilitate.
Cryptocurrency taxes in Japan are also regulated. The country has a progressive tax system, where the tax rate increases as income rises. Similar to miscellaneous income, which includes things like lottery winnings, gambling winnings, prizes, and awards, profits from cryptocurrency trading are subject to income tax too. The tax rate is up to 55% for those earning more than 40 million yen ($372,000) annually.
Bitcoin (BTC) was created in 2009 by a mysterious person or group using the Japanese name Satoshi Nakamoto. It is based on blockchain technology, which is a decentralized ledger that maintains a continuously growing list of records, called blocks.
One of the key features of Bitcoin is its consensus algorithm, which ensures that all participants in the network agree on the state of the blockchain. Satoshi Nakamoto's original whitepaper outlining the Bitcoin protocol has become a seminal document in the world of cryptocurrency and blockchain technology. Today, Japan is one of the largest markets for Bitcoin trading and investment, and many businesses and individuals have embraced this innovative digital currency.
Best Ways to Buy Bitcoin in Japan Safely
The Land of the Rising Sun, or Great Nihon as natives fondly dub it, Japan is known for its technological advancement and efficient financial systems. It's not surprising that the nation has wholeheartedly adopted the use of cryptocurrencies, particularly Bitcoin. However, as much as the country has a positive stance toward cryptocurrencies, it is essential for local users to know the best ways to buy Bitcoin (BTC) in Japan safely.
One of the most reliable gateways to cryptocurrency trading in Japan is regulated crypto exchanges. These platforms are licensed and monitored by the Japanese Financial Services Agency (FSA), ensuring that they adhere to strict rules and regulations. By using a regulated exchange, Japanese investors can be sure that their investments are totally safe.
Among the regulated crypto exchanges in Japan, Changelly stands out as overall the best exchange to buy Bitcoin, as well as other cryptocurrencies, with JPY (Japanese Yen). Changelly is a centralized exchange that offers great customer support that is available 24/7, hundreds of trading pairs, and the latest user funds protection measures with two-factor authentication (2FA) and SSL encryption, making it a dependable option for Japanese crypto buyers.
Changelly has a super intuitive interface, facilitating a seamless trading experience. At Changelly, we don't just make buying cryptocurrency easy, but keep it downright effortless. With over 500 digital currencies to choose from, including popular favorites like Bitcoin and Binance Coin, users can purchase digital assets with the simple swipe of their credit or debit card.
Changelly has integration with some of the top crypto exchanges in the industry, including Binance, Bitfinex, and Poloniex. This allows Changelly to access the best crypto offerings available in the market, ensuring that Japanese investors get the most value for their money.
Changelly's low trading fee structure enables Japanese traders to buy BTC without incurring significant transaction costs. Whether you are on a tight-budget or willing to buy cryptocurrency in chunky amounts, with us, you can invest in crypto in a cost-effective manner.
Although virtual currency may promise potential gains, Bitcoin trading comes with certain risks that investors should be aware of. Firstly, the price volatility of Bitcoin is a major risk factor. The value of Bitcoin tends to fluctuate wildly, sometimes within a matter of hours, meaning crypto owners can experience significant gains or losses.
Secondly, the Japanese government has implemented cryptocurrency taxes, which could affect the profitability of Bitcoin trading. Thirdly, Japan has experienced one of the largest hacks in Bitcoin history, with the Mt Gox crypto exchange losing over 850,000 Bitcoins in 2014. This was a major blow to the cryptocurrency industry in the country and highlighted the need for stronger security measures.
How to Buy Bitcoin with Credit and Debit Card
As debit and credit cards have a ubiquitous application all over the world, it’s hardly surprising that individuals are curious about how to buy Bitcoin in Japan, incorporating their plastics.
The entire process is void of any complexities. However, before diving in, you need to know that identity verification is required to comply with Japanese crypto currency regulations.
First, choose a reputable cryptocurrency exchange with a variety of payment methods and trading pairs, such as Changelly. With a properly selected platform, you can easily convert your JPY funds into the desired cryptocurrency.
Once you've pinned down a suitable company, you'll need to create an account and unleash some personal identification data for verification. This may include providing your full name, date of birth, and a government-issued ID. Some exchanges may require additional authentication details, such as proof of address and a current photo, so be sure to check the specific requirements before you can buy cryptocurrencies through a given platform.
After your identity is confirmed, you can link your credit or debit card to your exchange account. Double-check all details, including card number and billing address, to avoid any payment errors.
Now you're ready to purchase Bitcoin! Simply select how much you wish to buy and confirm your payment method. Some exchanges may have a minimum purchase limit, so be aware of any fees or limits before making your transaction.
Note that buying Bitcoin or other digital coins with a credit or debit card may come with higher fees compared to other payment methods, such as wire transfers. However, the convenience and speed of this mode may be worth the extra cost.
Before making any crypto asset purchase, always do your own research and gather info on the current crypto market trends and potential risks, so you make a well-considered investment decision.
How to Buy Bitcoin with Bank Transfer in Japan
While debit cards and other options may seem convenient, using a bank transfer can offer a range of benefits when buying Bitcoin Japan. Not only is it a more secure way to pay, but it also allows for larger transactions and typically comes with lower transaction fees. Japanese residents can follow the next steps to buy Bitcoin (BTC) with a bank transfer:
Choose a cryptocurrency exchange. You’ll need to identify a reputed online cryptocurrency exchange that allows you to trade fiat money, like JPY, for Bitcoin using a bank transfer. Some popular providers include Coinbase, Coinmama, Binance, and Coincheck.
Create an account. Once you've narrowed down a company to deal with, you'll need to set up a trading account. This usually involves providing some personal information and verifying your identity through a Know Your Customer (KYC) procedure, so your bank transfers can be processed compliantly.
Link your bank account. After getting your exchange account approved, you'll need to link your bank account. This will allow you to transfer JPY to the platform, which you can then utilize to buy Bitcoins or other crypto assets.
Initiate a wire transfer. To deposit funds to the platform, you'll need to launch a wire transfer from your bank account. Make sure you follow the exchange's instructions carefully to ensure that the transfer goes smoothly.
Buy Bitcoin. Once the JPY has been transferred to your cryptocurrency exchange, you can use the money to buy BTC. Note that each exchange has its own trading volume and trading fees, so make sure you compare the key parameters before committing.
Withdraw Bitcoins. After buying Bitcoin, you can withdraw your digital assets to your personal crypto wallet. Avoid leaving BTC on the exchange because otherwise you are entrusting your valuable assets to a third-party, which exposes your funds to higher risk of a hacker attack and other potential cyber threats.
Keep in mind that purchasing Bitcoin through bank transfers may require a bit of patience, as it could take a few days to process. To avoid any unnecessary stress, make sure you plan ahead accordingly. Remember that the value of cryptocurrencies can be quite unpredictable; conduct thorough research and only invest a sum that you're willing to part with.
How to Buy Bitcoin with Apple Pay in Japan
Apple Pay has been steadily expanding its services in Japan and the entire Asia-Pacific region. This dramatically simplifies the process of purchasing cryptocurrency in the region. Customers can make quick and encrypted transactions with their Apple devices, including iPhones, iPads, and Apple Watches through the appropriate cryptocurrency exchanges, without having to worry about security risks.
Buying Bitcoin with Apple Pay in Japan has never been easier! Thanks to Changelly, a reputable cryptocurrency exchange platform with a worldwide service, you can purchase BTC and tons of other cryptocurrencies in a matter of a few minutes.
To get started, simply install the Changelly mobile app on your iOS smartphone or tablet, undergo the necessary identity checks, and select your desired cryptocurrency, such as BTC, Binance Coin, Bitcoin Cash, or whatever you have your heart set on.
Next, choose Apple Pay as your preferred payment method and enter the amount of crypto you wish to purchase. After confirming the details, the cryptocurrency transaction will be processed nearly instantly and with the highest level of security. When you use Apple Pay to make a payment on online cryptocurrency exchanges, the transaction is validated using Touch ID, Face ID, or your device passcode. This ensures that only you can authorize cryptocurrency transactions on your device.
Apple Pay employs tokenization to protect your payment info. Instead of storing your actual card number, Apple Pay generates a unique token that is used for each transaction. This token is useless to hackers, as it cannot be incorporated to make additional transactions.
With us, you can also use Google Pay to buy Bitcoin instantly!
How to Buy Bitcoin from ATM in Japan
Crypto automated teller machines (ATMs) are the easiest way to buy and sell Bitcoin, hands down. Thanks to their cosmopolitan diffusion, Japanese crypto enthusiasts can easily purchase Bitcoin with cash, even without a bank account. Lots of crypto ATMs support debit cards as well for a truly effortless crypto buying experience.
In Japan, crypto ATMs can usually be found in major cities such as Tokyo, Osaka, and Kyoto. They are typically located in popular areas, such as shopping centers, train stations, and airports. Some of the popular crypto ATM providers in Japan include BitOcean, BTCBOX, and Coincheck. Here is a simple instruction on how to buy BTC from a crypto ATM in “the Flowery Kingdom:”
Find a Bitcoin ATM near you. You can do this by checking online or using a Bitcoin ATM locator app.
Once you have found a Bitcoin ATM, you'll need to ensure that you have a Bitcoin wallet installed on your smartphone or laptop, which will enable you to receive the digital currency.
Then, go to the Bitcoin ATM and select the "Buy Bitcoin" option. You'll be asked to enter the amount of Bitcoin you want to purchase and the ATM will scan the QR code of your address wallet.
Deposit cash or insert the debit card, depending on the features of a given machine.
Review and complete the transaction if you agree on the offered exchange rate (fiat-to-crypto).
The purchased Bitcoin will be transferred to your crypto wallet, becoming yours for whatever use.
Bitcoin ATMs may have different fees and transaction limits, so check these details before making an investment. Also, be ready to go through an identity verification procedure with most Bitcoin ATMs, especially if you are spending sizeable sums of fiat currency on purchasing crypto through a machine.
How to Buy Bitcoin with PayPal
Buying Bitcoin with PayPal in Japan can be a bit tricky, as PayPal does not offer direct support for Bitcoin transactions in the region. However, there are several alternative approaches you can consider buying BTC with your PayPal balance in Japan. One of the most popular methods is to use a peer-to-peer marketplace, such as Paxful, Bisq and HodlHodl. These trading platforms connect buyers and sellers of Bitcoin, allowing you to find someone who is willing to sell Bitcoin for PayPal.
Another path to take is to use a cryptocurrency broker that supports PayPal payments, such as eToro or Bitfinex. These trading platforms allow you to buy BTC using PayPal, but they may charge not so low trading fees compared to other payment methods.
You can also use a PayPal debit card to buy Bitcoin from some online crypto exchanges that accept debit card payments, such as Coinbase.
It's worth highlighting that buying Bitcoin with PayPal can be risky, as PayPal transactions are reversible, while Bitcoin transactions are not. When buying Bitcoin with PayPal, there is a risk that the person selling Bitcoins can claim that they never received payment, and initiate a dispute through PayPal's customer support. As PayPal transactions are reversible, the seller could potentially win the dispute, and the buyer would be left without their Bitcoin or their money. This is because BTC transactions are irreversible once they are confirmed on the Bitcoin blockchain.
Therefore, it is important to use a trusted platform when buying Bitcoin with PayPal, and only trade with individuals or businesses that have a proven track record of reliable transactions. It is also a safe bet to only trade with small amounts initially until trust has been established between both parties. For added security against PayPal’s chargebacks, opt for a reputable trading platform with an escrow service in place to protect your deals.
How to Buy Bitcoin with Prepaid Card
Buying Bitcoin with a prepaid card in Japan is a convenient and easy way to enter the world of cryptocurrency. With a trusted cryptocurrency exchange that welcomes both Japanese customers and prepaid cards, the process is really straightforward and can be done in a matter of minutes. Identity checks are generally unavoidable with this payment option, but as soon as you prove to be a compliant user, you will be able to buy cryptocurrencies with the money on your pre-loaded card.
One of the benefits of buying Bitcoin with a prepaid card is that it is a convenient and secure way to make transactions without having to link your bank account or credit card to the exchange platform. Prepaid cards can be purchased from many convenience stores in Japan using traditional money (JPY). Another advantage is that prepaid cards come with a limited balance, which can help you control your budget and avoid overspending.
How to Buy Bitcoin with Cash in Japan
Credit/debit cards, wire transfers, and cashless mobile payments are the most frequently used ways to purchase cryptocurrencies. Nevertheless, Bitcoin (BTC) can also be bought with cash, and there are different ways to do so in The Land of the Rising Sun.
Japan has a network of crypto ATMs that allow users to buy cryptocurrency with cash. These terminals are easy to access and can be found in various locations across the country, including convenience stores, malls, and airports. To use a Bitcoin ATM, users need to deposit cash and scan a QR code to receive their Bitcoin.
Lots of local crypto exchanges in Japan allow users to buy popular coins and tokens with cash deposits, including BitFlyer, BitoPro Japan, and Huobi Japan. Users can go to the exchange's website and select the option to deposit cash. They can then complete the deposit at a nearby bank branch and receive Bitcoins in their integrated exchange wallet.
P2P trading platforms like Paxful let people buy Bitcoin with cash from other individuals. Users can browse available offerings on the platform and select a seller who is eager to accept cash payments. They can then meet the seller in person to complete the transaction.
In Japan, certain merchants offer Bitcoin vouchers that can be obtained using physical currency. Individuals can procure these vouchers and subsequently exchange them for Bitcoin via either the merchant's website or a participating Bitcoin exchange platform. Examples of merchants offering such opportunities include Bic Camera, Yamada Denki, and FamilyMart.
These social events are a great way to connect with other Bitcoin enthusiasts, learn about recent developments in the space, share ideas and experiences, and trade cash for Bitcoin as well. Some popular Bitcoin gatherings in Japan include the Tokyo Bitcoin Meetup, the Osaka Bitcoin Meetup, and the Fukuoka Bitcoin Meetup.
Can Foreigners Buy Bitcoin in Japan?
Foreigners can buy Bitcoin in Japan. In fact, Japan is one of the most crypto-friendly countries so far. The Japanese government has recognized Bitcoin and other cryptocurrencies as legal property since 2017. This means that individuals, including non-residents, can buy, sell, and trade Bitcoin in Japan just like any other assets. To be able to engage in activities with crypto assets on Japanese exchanges, foreign nationals must have a valid form of identification, such as a passport and a Japanese bank account. Additionally, foreign citizens may be subject to restrictions on the amount of cryptocurrency they can purchase or hold, depending on their visa status.
Who Accepts Bitcoin in Japan?
As Japan is at the forefront of the cryptocurrency revolution, it's no wonder that many companies in the country have started accepting Bitcoin as a payment. One such company is Bic Camera, a leading electronics retailer that offers a wide range of products, including smartphones, laptops, cameras, and home appliances.
Another popular national company that welcomes crypto payments is Peach Aviation, an airline that offers affordable domestic flights in Japan and throughout other Asian countries.
If you're looking to satisfy your food cravings, you can head over to the famous Sushi-Bar Numazuko Ginza 1st, which allows customers to pay for their meals with BTC.
And if you're in the mood for something sweet, you can indulge in some delicious desserts at the Ginza Cozy Corner, a popular bakery chain that accepts Bitcoin payments.
Besides these names, there is also The Japan Blockchain Association (JBA). It is a non-profit organization that was established in April 2018 by a group of blockchain industry leaders in Japan. Its main goal is to promote the development and adoption of blockchain technology in Japan, and to establish a safe environment for its use.
These are just a few examples of the many companies in Japan that have embraced Bitcoin, making it easier for customers to make purchases and transactions using the iconic cryptocurrency.
How to Cash Out Bitcoin in Japan?
If you're a Bitcoin investor or trader in Japan, you may be curious about how to cash out your digital possessions. Fortunately, there are a variety of ways to do so, each with their own pros and cons.
One of the most popular ways to cash out Bitcoin in Japan is through a cryptocurrency exchange. These platforms allow you to sell Bitcoin for Japanese Yen (JPY) and withdraw the funds to your bank account, debit card, or e-payment system. Still, the crypto-to-fiat service often comes at its cost: withdrawal fees do apply when you want to turn your crypto into classic money, so be sure to factor those into your calculations.
Another modus is to use a peer-to-peer (P2P) cryptocurrency network. These online portals connect buyers and sellers directly, allowing you to sell cryptocurrencies for JPY without going through an exchange. However, P2P marketplaces may have less liquidity than exchanges, meaning you may need to wait longer to find a buyer.
If you're interested in decentralized finance (DeFi), you may be able to cash out your Bitcoin through a DeFi platform. These platforms use smart contracts to automate financial transactions, allowing you to convert your Bitcoin to other cryptocurrencies or stablecoins. DeFi also lets you lend, borrow, and trade cryptocurrencies without relying on intermediaries like banks or crypto exchanges. While DeFi platforms can be more complicated to use than regular crypto trading platforms, they may offer greater opportunities for users to earn higher returns on their investments and participate in decentralized governance of their favorite DeFi projects.
For those who prefer traditional finance, you may be able to cash out your Bitcoin using a credit card. Some cryptocurrency exchanges and payment processors allow you to link your credit card to your account, making it easy to sell your Bitcoin and receive funds directly to your card, minus all the fees applicable.
In Japan, one way to cash out Bitcoin is by purchasing gift cards for popular retailers. Many online platforms allow users to buy gift cards with Bitcoin for stores like Amazon, Tully's Coffee, and Rakuten. These gift cards can then be used to make purchases or be sold to other users for cash like JPY. Besides, some Bitcoin ATMs in Japan offer the option to purchase gift cards with Bitcoin as well. This method is convenient for those looking to quickly cash out their BTC holdings and can be a great way to use the cryptocurrency for everyday purchases.
Crypto Debit Card
Crypto debit cards are a feasible option to turn BTC into JPY in Japan. These cards allow you to load your digital funds onto them and spend them like traditional money at any merchant that accepts debit or credit cards. With a crypto debit card, you can easily convert your Bitcoin into Japanese yen or any other classic currency without having to use a traditional exchange platform. Plus, many crypto debit cards offer perks like cashback or discounts on certain purchases, making them an attractive option for those looking to earn extra rewards while spending cryptocurrency.
Bitcoin ATMs also provide a convenient avenue to extract cash from your Bitcoin wallet, although they do charge higher withdrawal fees than exchanges and peer-to-peer marketplaces and may set inconvenient limits for cashouts.
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