Japan has solidified its position as a leading hub for cryptocurrency trading and investment, attracting both retail and institutional participants. This guide evaluates the top 5 crypto exchanges in Japan, focusing on their security, fees, supported assets, and user experience to help you navigate the market confidently.
Security of Crypto Exchanges in Japan
As cryptocurrency adoption grows in Japan, exchanges prioritize robust security measures to protect users. The Japan Virtual and Crypto Assets Exchange Association (JVCEA) enforces strict guidelines, including:
- Cold wallet storage for the majority of digital assets
- Daily balance reconciliation
- Employee security training
- Regular third-party audits
Leading platforms like Bybit, OKX, and bitFlyer implement additional safeguards such as multi-signature wallets, offline cold storage, and 256-bit encryption. Users should enable two-factor authentication (2FA) and use strong passwords for added protection.
Institutional Adoption in Japan’s Crypto Market
Major financial institutions like Nomura, Daiwa, and Monex Group have entered Japan’s crypto space, offering digital asset services. Institutional interest is driven by:
- Advanced trading tools (e.g., derivatives, margin trading)
- High liquidity for large-volume transactions
- Dedicated institutional support
👉 Explore institutional-grade trading platforms
Top 5 Crypto Exchanges in Japan
1. Bybit – Best Overall Crypto Exchange
Features:
- 930+ cryptocurrencies and derivatives
- Low fees: 0.01% maker / 0.06% taker
- JPY deposits via bank transfer, card, PayPay
- 24/7 multilingual support
Key Metrics:
- Daily volume: $8 billion
- Users: 10 million+
- Regulated in multiple jurisdictions
2. OKX – Best for Advanced Traders
Features:
- 300+ cryptocurrencies and staking options
- 0.1% spot trading fee
- 5% APY on stablecoins
- JPY deposits via bank transfer, PayPal, card
Key Metrics:
- Monthly visits: 30.5 million
- Derivatives volume: $2 billion daily
3. bitFlyer – Most Popular Local Exchange
Features:
- 19 major cryptos (BTC, ETH, LTC)
- 0.2% trading fee
- JPY deposits via bank transfer, konbini
Key Metrics:
- Users: 4 million+
- Licensed since 2017
4. Bitbank – Fastest Account Verification
Features:
- 37 cryptos available
- 0.2% trading fee
- JPY deposits via Apple/Google Pay
Key Metrics:
- Verification: Minutes
- Security: Top-rated
5. Coincheck – Best for Altcoins
Features:
- 100+ cryptocurrencies
- 0.1–0.5% trading fees
- Zero JPY deposit fees
Key Metrics:
- Users: 1 million+
- Acquired by Monex Group
How to Buy Crypto in Japan
- Choose an FSA-licensed exchange (e.g., Bybit, OKX).
- Complete KYC verification.
- Deposit JPY via bank transfer or card.
- Purchase crypto and withdraw to a private wallet.
Crypto Regulation in Japan
- Legal status: Cryptocurrencies are recognized as legal property under the Payment Services Act.
- Taxation: Profits taxed as miscellaneous income (5–45%).
FAQs
Which exchange has the lowest fees?
Coincheck offers fees as low as 0.1% for takers.
How do I deposit JPY?
Use bank transfers, cards, or apps like PayPay.
Are crypto transactions taxable?
Yes, trading profits are subject to income tax.