Binance Japan Enables Crypto Purchases with PayPay Money

TLDR:

• Binance Japan now supports crypto purchases via PayPay Money and Points from 1,000 yen.
• Transactions operate 24/7 with withdrawal fees fixed at 110 yen per transaction.
• Daily deposit and withdrawal limits are 1 million yen, with 2 million yen monthly cap.
• Mobile users require the latest Binance Japan app and identity verification for access.

Binance Japan has officially launched PayPay Money integration for its spot trading platform. The service allows users to purchase cryptocurrencies using PayPay Money or PayPay Points. 

Trading can now start from as little as 1,000 yen, with access available around the clock. Withdrawal fees are fixed at 110 yen per transaction, making the service accessible and cost-transparent.

PayPay Money Integration Expands Crypto Access

Users can buy and sell crypto seamlessly using PayPay Money, according to Binance Japan. Deposits and withdrawals start from 1,000 yen, with a daily cap of 1 million yen. 

Monthly transactions are limited to 2 million yen, following PayPay’s limits. This integration applies exclusively to spot trading, excluding exchange or Simple Earn services.

PayPay Points can also be used for crypto purchases if the user enables “Use points for payment” in the PayPay app. Transactions can combine PayPay Money and Points in a single purchase. 

Mobile users must download Binance Japan app versions iOS 3.6.2 or Android 3.6.4 or later to access the feature. Identity verification with Binance Japan and PayPay is mandatory before using the service.

The integration allows deposits and withdrawals with one click, streamlining the process for frequent traders. Users are advised that PayPay Money Lite and limited-time PayPay Points are ineligible. 

The move strengthens the collaboration between PayPay and Binance Japan, enhancing convenience for both user bases. Binance Japan emphasized that the service remains restricted to spot trading transactions only.

This update represents a strategic effort to simplify crypto purchases in Japan’s growing digital asset market. The 24/7 availability ensures traders can act on market movements without timing constraints. 

Binance Japan now offers more flexible entry points for retail investors. Users can monitor their balances and link accounts directly from the app’s homepage interface.

Trading Limits, Fees, and User Requirements

Trading begins at a minimum of 1,000 yen per transaction, making small-scale trading feasible. The 110-yen withdrawal fee applies per transaction, with no deposit fee imposed. 

Daily and monthly transaction caps help maintain compliance with PayPay’s regulations. Spot trading remains the sole application area for this integration.

New users must click the “Add Assets” button on Binance Japan’s app homepage to link their PayPay accounts. Both PayPay and Binance Japan accounts require identity verification. 

Once linked, deposits and withdrawals can occur simultaneously during crypto purchases and sales. Users must ensure their mobile app is updated to access all features.

The integration enables broader access to crypto trading in Japan through popular payment methods. 

By allowing PayPay Points and Money, Binance Japan caters to existing PayPay users. The service facilitates smaller, frequent trades with flexible timing. It represents a milestone in the growing adoption of crypto payment solutions.

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Source: https://blockonomi.com/binance-japan-enables-crypto-purchases-with-paypay-money/