In deciding the best crypto exchanges in Japan, we used an evaluation method that’s largely designed for Japan-based traders, including locals, expats and international traders living in Japan. Since crypto is tightly regulated in Japan, we reviewed every platform against compliance, user protection and real trading performance. Below is a detailed review of the
1. Regulation and Licensing (FSA Compliance) – We largely selected platforms registered with the FSA and operating under Japan’s regulatory standards. Our goal was to ensure users have access to platforms that are safe enough for their local experience.
2. JPY Fiat On-Ramp/ Off-Ramp – We prioritized platforms with easy JPY deposit and withdrawal support. We looked out for options like bank transfers, convenience stores, real-time deposit, low-fee or zero-fee withdrawal options
3. Asset Coverage – We evaluated the depth of assets covered on each exchange. For platforms with more technical appeal, we selected exchanges with more pairs. For new traders, we looked out for exchanges with support for major coins like Bitcoin and ETH.
4. Fees: Trading, Deposit and Withdrawal – We carefully analyzed the spot fees, maker/taker fees, futures fees, and possible hidden charges that could affect frequent traders.
5. Liquidity and Trading Volume – We assessed platforms based on order-book depth, slippage, execution speed and their global liquidity source.
6. Security and User Protection – We reviewed each platform’s security measures, including proof-of-reserves, multi-signature protection, cold wallet storage, insurance coverage, and transparent audits.
7. User Experience and Platform Usability – We checked for key support such as English +Japanese support, app performance, user-friendly interface, and mobile trading tools.
8. Local Payment Methods and P2P Options – We evaluated support for major Japanese funding methods, including Rakuten Bank, convenience store deposit domestic transfers, P2P market for zero-fee assets
Source: https://coingape.com/cryptocurrency-exchanges/best-crypto-exchanges-in-japan/