With any centralized exchange, you need to fulfill KYC (know your customer) regulations. If you want to trade dogecoin or an erc20 token like Chainlink, you will need to withdraw your crypto to a non-kyc exchange like Binance or FTX.
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They also have full English-speaking support.Ī potential downside of Kraken JP is that they (like most exchanges in Japan) are limited in the currencies they provide. Their customer support is phenomenal – often responding to requests even in the middle of the night. You can find more info about their fee schedule here. Their instant-buys charge only a 1.5% fee. Kraken’s fees may not be quite as good as Bitflyer, but they are better than Coincheck. In our, Kraken Japan is hands down the best exchange on this list – especially for foreign nationals. Without a doubt, they have the best customer service of the exchanges listed here (especially for foreign nationals living in Japan). Kraken has returned to Japan as of November 2020. Especially to deposit funding via an ATM, they have fees that can be as high as 5%. More details on their fee schedule are here. For this reason, Kraken JP is probably better.Ĭoincheck is similar to Bitflyer, but their fees are a bit higher than Bitflyer’s. Setting up an account was a bit easier than Bitflyer’s, but funding the account may be more difficult if you are not a Japanese citizen as the banks involved may flag the transaction. CoincheckĬoincheck boasts that they are the number 1 most downloaded exchange. Support requests in English can take up to a week to receive a response. You can read more about their fees and commissions here.Ī downside of Bitflyer for foreign nationals is their English-speaking support – or lack thereof. Additionally, they waive fees on bank deposits from SBI Sumishin Net Bank. No fees for account maintenance, buy/sell orders, or Bitcoin-FX trades. They also may have some of the cheapest fees on this list, depending on the bank you use. Bitflyerīitflyer boasts that they are the number one exchange to buy Bitcoin in Japan. While there are more exchanges than the 3 listed here, these are the most popular cryptocurrency exchanges in Japan. If you want to trade crypto in Japan, you will need to either do it through a centralized exchange or find someone to trade with peer-to-peer.
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