Japan has been a major player in the global Bitcoin market since the cryptocurrency’s early days. In fact, Japan is responsible for over 60% of all global Bitcoin trading volume! To know more digital trading tricks explore immediateedge.biz.
This shouldn’t come as too much of a surprise given that Japan was one of the first countries to recognize and accept Bitcoin as a legal form of payment. Japanese businesses were quick to start accepting Bitcoin payments, and the country even has its own Bitcoin exchange – Mt. Gox – which was once the world’s largest BTC exchange by trade volume.
However, Japanese traders haven’t always had an easy time getting their hands on Bitcoin. Due to strict government regulations, it can be difficult for Japanese citizens to buy BTC directly from exchanges.
Fortunately, there are a few Japanese-friendly Bitcoin exchanges that make it easy to buy, sell, and trade BTC. In this guide, we’ll show you how to use two of the most popular Japanese exchanges – bitFlyer and Coincheck – to buy Bitcoin.
BitFlyer is one of the largest and most popular cryptocurrency exchanges in the world. The exchange offers a variety of digital assets including Bitcoin, Ethereum, Litecoin, and more.
What’s great about bitFlyer is that it’s one of the few exchanges that allows Japanese citizens to buy Bitcoin with Yen. You can fund your account with a bank transfer or through CASHjp – bitFlyer’s very own crypto-to-fiat payment gateway.
Coincheck is another popular Japanese cryptocurrency exchange that offers a wide range of digital assets. Like bitFlyer, Coincheck allows Japanese citizens to buy Bitcoin with Yen.
The process for buying BTC on Coincheck is simple and straightforward. First, you’ll need to create an account and verify your identity. Once your account is verified, you can deposit Yen into your account via bank transfer or credit/debit card.
Once your Yen has been deposited, you can use it to buy Bitcoin on the Coincheck exchange. The process is simple and takes just a few clicks. After your BTC purchase has been processed, your Bitcoin will be stored in your Coincheck wallet – ready to be used or traded!
Japanese exchanges like bitFlyer and Coincheck make it easy for Japanese citizens to buy Bitcoin. However, if you’re looking for a more global exchange with a wider range of digital assets, you may want to consider using an overseas exchange like Coinbase or Binance.
Both Coinbase and Binance offer a variety of digital assets including Bitcoin, Ethereum, Litecoin, and more. And, best of all, both exchanges allow you to buy BTC with your local currency – no matter where you live!
As the world’s largest economy, it’s no surprise that Japan is one of the biggest markets for Bitcoin trading. In fact, Japanese exchanges account for more than 50% of all global Bitcoin trade volume.
This close connection between Bitcoin and Japan is largely due to the country’s favorable regulations toward cryptocurrency. Unlike many other countries, where Bitcoin is either outright banned or heavily restricted, Japan has taken a much more welcoming approach.
In 2017, the Japanese government officially recognized Bitcoin as a legal form of payment. This move helped legitimize cryptocurrency in the eyes of both businesses and consumers.
Since then, Japan has become a hotbed for Bitcoin activity. Some of the largest exchanges, such as bitFlyer and Coincheck, are based in the country. Japanese businesses have also started accepting Bitcoin as payment, including major retailers like Bic Camera and Recruit Lifestyle.
The close connection between Bitcoin and Japan is likely to continue growing in the years ahead. With more businesses starting to accept cryptocurrency and more exchanges launching, Japan is poised to become one of the leading markets for Bitcoin trading.
Japan is one of the leading markets for Bitcoin trading. The country has a thriving economy and a large population of tech-savvy individuals. This makes it an ideal place for Bitcoin trading.
There are a number of exchanges that cater to Japanese traders. These include bitFlyer, Coincheck, and Zaif. Each exchange offers a different range of services and features.
bitFlyer is the largest Bitcoin exchange in Japan. It offers a wide range of features, including margin trading and advanced order types. Coincheck is another popular option, offering a simple interface and low fees. Zaif is a newer exchange that offers a unique feature called “futures trading.”