Buying Bitcoin in Japan with Yen
Being at the forefront of regulating bitcoin and cryptocurrencies has shown Japan to be forward thinking enough to see value in bitcoin. Buying bitcoin in Japan however, isn’t as easy as a walk in Shinjuku Gyoen. The fact that Japan’s Yen has already recovered from a bubble that many countries will enjoy with their currency one day, could be part of the reason that cryptocurrency is legal tender in the country.
Best Bitcoin Exchanges to Buy Bitcoin in Japan
Although some large global exchanges avoid Japan because of the strict regulatory conditions, that hasn’t stopped some from working within their rules for bitcoin exchanges. Though limited compared to other countries around the world, people in Japan are able to use the worldwide anonymous bitcoin exchanges and options other countries are using currently to buy bitcoin.
The best exchanges in Japan to buy bitcoin in 2020 are:
|Japan Bitcoin Exchanges||Type||KYC||Currencies|
|Bitit||Exchange / Trading Platform||Yes||HKD, CNY, JPY, EUR, GBP, USD, ZAR, SGD, BTC, ETH, LTC||Continue|
|HodlHodl||Peer to Peer BTC Exchange / Trading Platform||No||EUR, USD||Continue|
|LakeBTC||Exchange / Trading Platform||Yes||All National Currencies, BTC, ETH, LTC||Continue|
|LocalBitcoins||Peer to Peer Bitcoin Buying and Selling||Yes||JPY, CNY, USD, EUR, BTC, LTC, ETH||Continue|
|Paxful||Anonymous Bitcoin Purchases||No||Western Union, MoneyGram, Visa Prepaid Cards, Amazon Gift Cards||Continue|
|BISQ||Anonymous Person to Person Exchange / Trading Platform||No||AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR (More)||Continue|
|Changelly||Anonymous Bitcoin and Altcoin Buying||No||BTC, ETH, LTC and Hundreds of Altcoins||Continue|
|CoinMama||Exchange||Under $150 No||Visa, MasterCard, AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR||Continue|
Best Anonymous Options to Buy Bitcoin in Japan
With the changing regulatory framework in Japan regarding cryptocurrency and exchanges, the usual bitcoin ATM and meetup groups that most people use around the world are still great options for buying bitcoin anonymously.
There are 9 bitcoin ATMs available in Japan, with 6 being in Tokyo, 1 in Hiroshima and 2 in Fukuoka. Some may require ID and the fees are usually a little too high for most people, when you gotta buy bitcoin you gotta buy bitcoin though.
The bitcoin meetups in Japan have 3,000 members that may be able to sell you some bitcoin.
The Non-KYC exchanges listed above are also great options for anyone wanting to buy bitcoin anonymously in Japan, most likely the better option until their regulators become less strict in the country.