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 ExchangesTypeKYCCurrencies
HodlHodlPeer to Peer BTC Exchange / Trading PlatformNoEUR, USDContinue
LakeBTCExchange / Trading Platform YesAll National Currencies, BTC, ETH, LTC Continue
LocalBitcoinsPeer to Peer Bitcoin Buying and SellingYesJPY, CNY, USD, EUR, BTC, LTC, ETHContinue
PaxfulAnonymous Bitcoin PurchasesNoWestern Union, MoneyGram, Visa Prepaid Cards, Amazon Gift Cards Continue
BISQAnonymous Person to Person Exchange / Trading Platform NoAUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR (More) Continue
ChangellyAnonymous Bitcoin and Altcoin BuyingNoBTC, ETH, LTC and Hundreds of AltcoinsContinue
CoinMamaExchangeUnder $150 NoVisa, MasterCard, AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZARContinue

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.