how to use binance in japan

Sentence based on the article:Binance Japan provides Japanese traders a regulated platform to buy and sell cryptocurrencies with JPY deposits and Japanese language support.

Oct 25, 2024 at 10:17 pm

How to Use Binance in Japan: A Comprehensive Guide

Binance, the world's leading cryptocurrency exchange, has been fully operational in Japan since 2020. The company's local subsidiary, Binance Japan, offers a regulated and user-friendly platform for Japanese traders to buy and sell cryptocurrencies. Here is a step-by-step guide on how to use Binance in Japan:

Step 1: Create an Account

• Visit the Binance Japan website (https://www.binance.com/en-JP) and click on "Sign Up".
• Enter your email address or mobile phone number and create a password.
• Verify your email address or phone number by clicking on the link or entering the code sent to you.
• Complete the KYC (Know-Your-Customer) process by providing your personal information and verifying your identity with a government-issued ID.

Step 2: Fund Your Account

• Once your account is verified, you can fund it using the following methods:

  • Bank transfer: Transfer Japanese yen (JPY) from your Japanese bank account to Binance Japan's bank account. The minimum deposit amount is 10,000 JPY.
  • Credit/debit card: Fund your account using Visa or Mastercard. The minimum deposit amount is 5,000 JPY.
  • Cryptocurrency transfer: Deposit supported cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH) from another exchange or wallet.

Step 3: Trade Cryptocurrencies

• To buy cryptocurrencies, go to the "Markets" page and select the trading pair you want to trade (e.g., BTC/JPY).
• Enter the amount of the base currency (e.g., JPY) you want to spend or the amount of the cryptocurrency (e.g., BTC) you want to buy.
• Choose the order type (e.g., market order, limit order) and click on "Buy BTC" or "Sell BTC".
• To sell cryptocurrencies, follow the same steps but choose the "Sell BTC" or "Sell Altcoin" option.

Step 4: Withdraw Funds

• To withdraw funds from Binance Japan, click on "Wallet" and then on "Withdraw".
• Select the cryptocurrency or JPY you want to withdraw and enter the amount.
• Choose the withdrawal method (e.g., bank transfer, cryptocurrency transfer) and provide the necessary details.
• Review the withdrawal information and click on "Confirm Withdrawal".

Additional Tips:

• Binance Japan offers a trading fee of 0.1% for both the maker and taker.
• The exchange supports Japanese language support and 24/7 customer service.
• Binance Japan complies with Japanese regulations and is a registered Virtual Currency Exchange Service Provider (VASP) with the Japanese Financial Services Agency (FSA).