Top & Popular Cryptocurrency Exchanges in Japan
Japan legalized cryptocurrency as a means of payment in 2017. From then on, the crypto craze swept the market by welcoming more than 3.5 million crypto traders to the crypto world.
Now, let’s analyze the top nine cryptocurrency exchanges that run the crypto show in Japan.
CEX.io ventured into the crypto space during 2013. Since then, it widened its customer base to more than three million. The London-based crypto exchange platform serves 99% of the countries including 47 states in the USA. The multi-payment option and 24/7 customer support along with system stability ensure the security of users’ assets. The trading fee ranges between 0.25% to 0.1% for takers and 0.16% to 0.0% for makers.
In Japan, the highest volume of Bitcoin trading is processed by the cryptocurrency exchange Coincheck. It is also Asia’s one of the largest digital asset exchange platform. Even four years back, the exchange had already surpassed $160 million worth of transactions. Coincheck has built a good reputation among its audience because it is a licensed exchange and it audited by the Japan Blockchain Association. Headquartered in Japan with more than 1,700,000 users, Coincheck is also a proud member of the Japan Virtual Currency Business Operator Association and the General Association of FinTech.
Coinmama is one of the world’s famous and largest cryptocurrency exchanges that allows buying and selling bitcoin and other cryptocurrencies using credit cards or bank transfers. Ever since its inception in 2013, it has served the needs of more than 2 million customers across 188 countries. The organization has 40 full-time employees. Headquartered in Slovakia, the crypto exchange collects a trading fee of 5.9% and 5% for trades facilitated via credit card. The interface is extremely simple and it should be apt for beginners.
Localbitcoins is a globally acclaimed decentralized exchange facilitating peer-to-peer transactions which allows the platform users to post advertisements on buying (or) selling orders. This helps the traders to communicate with co-members and finalize the deal before executing the trade. Traders can trade online (or) even meet in-person. Multiple payment options are available in LocalBitcoins which makes the platform easily accessible by the global trading community. Some of its security protocols are two-factor authentication (2FA), Login Guard, support staff, and a feedback-driven reputation system. Looking For LocalBitcoins Clone Script Solutions?
OKCoin is one of the leading China-based exchanges. Headquartered in Beijing, OkCoin began its operation in 2013 and accounts for most of the Bitcoin transactions of the world. Though OkCoin caters to the needs of users from China, it also accepts trades from traders all over the world. The trading fee ranges between 0.1% to 0.01% for takers and 0.2% to 0.03% for makers. OKCoin has upgraded its security measures by integrating its platform with bank-level SSL security encryption. Also, cold storage, GSLB, and distributed servers, and real-time account monitoring of deposits and withdrawals are some of the key features.
BitMEX (Bitcoin Mercantile Exchange) is a peer-to-peer derivative cryptocurrency exchange platform. The Hong Kong-based exchange is known for its user-friendly platform and a wide range of features.
BitMEX cryptocurrency exchange offers multisignature deposit and withdrawal options for its community. Hence, every BitMEX address is multi-signature and the entire storage remains offline. Such uniqueness in approach helped them facilitate over $180 billion since its launch. Since the BitMEX platform does not work with fiat currencies, it is best suitable for advanced crypto traders.
Paxful is one of the world-famous peer-to-peer cryptocurrency exchange platforms. Traders of Paxful can post trade offers and can interact before finalizing the deal. Started in 2015, the Delaware-based cryptocurrency exchange has more than 3 million users. PayPal, MoneyGram, Amazon/iTunes gift cards are some of the common crypto payments adopted by Paxful.
What is the price of Bitcoin in Japan?
The current bitcoin price in Japan is 54,42,848.30 Japanese Yen, however this price changes every minute, so always check the exact price on your local crypto exchange.
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