Japan is one of the most crypto-friendly countries in the world. The country’s government has been supportive of cryptocurrency and blockchain technology for quite a long time.
In this blog post, we will discuss the top cryptocurrencies in Japan. The top five cryptocurrencies in Japan are Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. However, there are a lot of other cryptocurrencies that are gaining traction, and some of these include Cardano, Stellar, IOTA, and NEO.
Find the top coins that Japanese trade the most below:
Top 20 sites for buying, selling and trading crypto in Japan
This is the toplist with the best crypto brokers in .This is the toplist with the best sites to buy, sell or trade crypto currencies if you living in Japan. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an EU licensed broker if you want to trade crypto CFDs with leverage and always using a reputable crypto platform or exchange that has been around for some while, with good track record, great reputation and positive feedback from its customers when it comes to buying or selling crypto currencies. The better option for you as customer, the better ranking we give them.
A reliable CFD crypto broker that’s been around for 15 years and is regulated in 5 continents.
Largest on crypto. Over 200 cryptocurrencies to trade, both currency exchange with a wallet, CFD trading, staking and much more.
One of the best exchanges for global crypto enthusiasts that’s available in most countries.
The only app you’ll ever need to buy, hold, trade, and sell over 250 cryptos!
One of the exchanges available in most places around the world, with among the lowest fees and among the best compatibility for transfers between various blockchains.
Your one-stop-shop experience for purchasing, selling, and swapping cryptocurrencies.
Swissborg offers flexible staking yields, from a crypto platform with European license.
Making crypto trading, staking and investing simple. Directly from an app.
Trade over 200 crypto pairs from one of the leading exchanges. They also got their own debit card for all users.
Trade and leverage right here on BitMart, one of the most globally accessible exchanges around with tons of pairings available.
Trade cryptocurrency on MEXC and benefit from 0% maker fees and support in 16 languages
Buy and sell cryptocurrency on Bitfinex, the home of advanced digital asset trading.
Huobi is a global crypto exchange with Chinese founders, with lots of instruments and low transactions costs.
Want to buy and sell cryptocurrencies easily? Coinbase is where you go!
The lowest trading fee among Decentralized Exchanges, only 0.1%.
Deposit with both fiat and a large range of crypto coins and trade today on an up and coming exchange that’s available globally!
From margin trading to NFTs, you can trade any crypto asset you like on Digifinex’s fantastic platform.
Probit’s features are a bit more unique, if that is indeed what you seek?
Trade globally on Hodl Hodl, is your go-to P2P Bitcoin platform that doesn’t hold your funds
Discover the worlds’ best social crypto trading site.
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How to Choose a Cryptocurrency of Interest in Japan?
Here are a couple of things to consider when investing in cryptocurrencies:
The Cryptocurrency Should be Listed on a Japan-based Exchange
Before investing in any cryptocurrency, you need to check if the currency is listed on a Japanese-based exchange. Since there are numerous exchanges based out of other countries, it is best that you choose only those cryptocurrencies that are supported by Japanese exchanges.
Transfer Fees
The second important factor you need to consider is the transfer fees associated with the cryptocurrency. Most cryptocurrencies offer low or zero fees for transferring units of the currency. However, there are a few exceptions to this rule, so it is important that you do your research before investing in any particular currency.
The Cryptocurrency’s Price Stability
You’ll also need to consider the stability of the cryptocurrency. In most cases, currencies that are new to the market tend to be more volatile than some of those that have been around for a while now. Volatility is one of the risks associated with investing in any currency, so you should keep it in mind as you formulate your investment strategy.
The Future Potential of the Cryptocurrency
It is also important that you consider the future potential of any cryptocurrency before investing in it. Even though all cryptocurrencies may not offer long-term value, some have a brighter future than others. You can derive this information by studying the team behind the currency, its use cases, and the overall industry trends.
The Amount of Hard Cap
Finally, you need to consider the amount of hard cap that has been set for a particular cryptocurrency. In most cases, the higher the hard cap, the better it is for the investors. However, you should also take into account the deflation rate of the currency under consideration before making a final call.
Liquidity
Liquidity also plays an important role in cryptocurrency markets. If liquidity is low, you might end up facing issues when selling your cryptocurrency. Therefore, it is best that you choose a currency that is backed by a healthy amount of liquidity.
Top Cryptocurrencies in the Japan?
There are numerous cryptocurrencies that are gaining traction in Japan. However, the ones listed above are some of the most popular ones.
1. Cardano
2. Stellar
3. IOTA
4. NEO
5. Litecoin
6. Bitcoin Cash
7. Ethereum
8. Ripple
9. Bitcoin
10. Monero
What to Consider When Choosing a Crypto Exchange?
When it comes to choosing a crypto exchange, you need to consider various factors such as the fees associated with the exchange, the supported cryptocurrencies, the location of the exchange, etc.
Fees
Almost all exchanges charge transaction fees for buying and selling cryptocurrencies. The fees can vary from one exchange to another, so it is essential that you compare the fees of different exchanges before choosing one.
Supported Cryptocurrencies
Not all exchanges support all cryptocurrencies. Hence, it is important that you check the list of supported cryptocurrencies on the exchange before signing up.
Location
Some exchanges are based out of specific countries, while others are global. It is important that you choose an exchange based in your home country.
The Exchange’s Security
You should also consider the security of the exchange before signing up for it. Check if the exchange offers two-factor authentication, has a good reputation in the industry and offers sufficient customer support. Once you have chosen an appropriate cryptocurrency exchange, sign up for it and purchase the currency of your choice.
Ease of Use
Ease of use is another important factor when it comes to choosing an exchange. If you are new to the world of cryptocurrencies, then you should choose an exchange that has a good user interface and offers guided support. On the other hand, if you are experienced in this area, you can look for advanced features in your preferred exchange.
Cryptocurrency Support
Some exchanges are designed specifically for trading cryptocurrencies, while others can also be used to trade fiat currencies. If you are looking to invest in the cryptocurrency market, then you should look for an exchange that offers support for multiple coins. On the other hand, if your aim is to initially invest in traditional assets, then choose an exchange that offers to trade cryptocurrency and fiat currencies.
Customer Support
Customer support is another factor that you should take into consideration when you are choosing an exchange. The best way to find out about the customer support offered by different exchanges is to read reviews on various portals before choosing one yourself.
What is a Crypto Exchange?
An exchange is a platform where you can buy and sell cryptocurrencies. It is important to note that not all exchanges offer the same services. Hence, it is important that you compare the features of different exchanges before choosing one.
How to Get Started on an Exchange?
Signing up for an exchange is a relatively straightforward process. These are the steps;
Sign up at the exchange
Most exchanges require you to sign up for an account before starting to trade. The sign-up process usually involves providing your name, email address, and password. The exchanges will send you an email verification link after you have signed up. Click on the link to verify your email address.
Verify your Account
Most exchanges will require you to verify your account before starting trading. A verification process is necessary due to anti-money laundering and KYC policies.
Deposit Funds into Your Account
After verifying your account, the next step is to deposit funds into it. Most exchanges only accept payments in cryptocurrencies such as Bitcoin and Ethereum.
Start Trading
After depositing funds into your account, you can start trading cryptocurrencies.
How Does Crypto Exchange Guide Work?
Crypto Exchange Guide is a website that provides reviews and ratings of different cryptocurrency exchanges. We also offer step-by-step guides on how to use various exchanges. Our goal is to help our readers make informed decisions when it comes to choosing a crypto exchange. It helps you understand how to trade cryptocurrencies and also how to choose an exchange.
Most Popular Crypto Exchanges Available in Japan
1. Bitflyer
Bitflyer is the largest Bitcoin exchange in Japan, with more than 2.5 million users. It was founded in 2014 and is headquartered in Tokyo. Bitflyer offers a user-friendly interface and supports a variety of cryptocurrencies.
2. Zaif
Zaif is operated by Tech Bureau and was founded in 2014. It supports many cryptocurrencies and provides an equally diverse list of services.
3. Coincheck
Coincheck is another crypto exchange based in Tokyo founded by Koichiro Wada and Yusuke Otsuka and had been operating since 2012. The exchange provides an easy-to-use interface and supports a variety of crypto assets.
4. Bitbank
Bitbank was founded in 2014 and is headquartered in Shinagawa City, Tokyo. It supports a wide range of cryptocurrencies and is known for its low fees.
5. GMO Coin
GMO Coin was founded in Tokyo by Tomitaka Kubota, who is the CEO. It was launched in May 2017 and supports a wide range of cryptocurrencies. This exchange also offers a mobile app for trading on the go.
How Much Should I Deposit?
This is a hard questions for everyone, but please consider the following:
Budget
Before you start trading on an exchange, it is important that you set a budget. This will help you identify the amount of money that can be lost if things don’t go as planned.
Votality
The next step is to assess your votality. This is the amount of risk you are willing to take when it comes to trading cryptocurrencies. If you are new to trading, you can opt for a lower votality. This will help minimize any potential losses that you may incur in the process.
Conclusion
Choosing the right exchange is an important decision you will have to make when trading cryptocurrencies. By comparing the features of different exchanges, you can make an informed decision that best suits your needs.
