How to Buy Bitcoin in Japan: A Step-by-Step Guide for 2024

Japan is one of the most crypto-friendly countries globally, with clear regulations and a thriving market for Bitcoin. Whether you’re a resident or visitor, this guide explains how to buy Bitcoin in Japan safely and efficiently.

Why Buy Bitcoin in Japan?

Japan pioneered Bitcoin’s legal recognition as a payment method in 2017. The country boasts:

Strictly regulated, secure exchanges
High liquidity and JPY trading pairs
Tax benefits for long-term holders
Growing merchant acceptance

Step 1: Choose a Licensed Japanese Exchange

All crypto exchanges in Japan must register with the Financial Services Agency (FSA). Top platforms include:

bitFlyer – Largest exchange, ideal for beginners
Coincheck – User-friendly mobile app
Liquid by Quoine – Advanced trading features
GMO Coin – Low fees for high-volume traders

Step 2: Complete Identity Verification

Japanese law requires:

Photo ID (My Number Card, residence card, or passport)
Proof of address
Selfie with ID

Verification typically takes 1-3 business days.

Step 3: Deposit Japanese Yen

Funding options include:

Bank transfer (fastest method)
Convenience store payments (7-Eleven, FamilyMart)
Credit/debit cards (higher fees)

Step 4: Purchase Bitcoin

Navigate to the trading interface:

Select BTC/JPY trading pair
Choose market or limit order
Enter purchase amount
Confirm transaction

Step 5: Secure Your Bitcoin

Storage options:

Exchange wallets – Convenient for active trading
Hardware wallets (Ledger/Trezor) – Most secure for long-term storage
Software wallets – Mobile/desktop apps for frequent access

FAQ: Buying Bitcoin in Japan

Q: Is Bitcoin legal in Japan?
A: Yes. Japan recognizes Bitcoin as legal property under the Payment Services Act.

Q: What are the fees?
A: Typical costs include 0.01-0.15% trading fees + bank transfer fees (¥200-¥500).

Q: Can tourists buy Bitcoin?
A: Only residents with Japanese ID can use regulated exchanges. Tourists may use peer-to-peer platforms.

Q: How are taxes handled?
A: Crypto profits are classified as miscellaneous income with progressive taxation (15-55%).

Q: Can I cash out Bitcoin for JPY?
A: Yes. All major exchanges allow JPY withdrawals to registered bank accounts.

Start Your Bitcoin Journey Today

With this guide, you’re ready to safely buy Bitcoin through Japan’s regulated crypto ecosystem. Always prioritize security and stay informed about market trends.