In a significant move to expand its digital financial services, Rakuten Wallet—the cryptocurrency arm of Japan’s Rakuten Group—has officially launched its iOS application, enabling users to trade major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH) directly from their smartphones. This release follows the earlier Android launch and marks a key milestone in Rakuten’s strategy to integrate blockchain-based assets into mainstream mobile finance.
The new app delivers a seamless, secure, and user-friendly experience for both novice and experienced investors, offering 24/7 access to crypto trading, real-time price charts, asset management tools, and instant transaction capabilities—all within a trusted financial ecosystem backed by one of Japan’s largest internet conglomerates.
Seamless Mobile Access to Cryptocurrency Markets
With the iOS version now available, Rakuten Wallet ensures that iPhone users can participate in the growing digital asset economy without compromise. The mobile application supports full functionality for:
- Depositing and withdrawing Japanese yen and cryptocurrencies
- Buying and selling BTC, ETH, and BCH
- Monitoring live market rates via interactive price charts
- Managing account settings with enhanced security protocols
All transactions are conducted exclusively through the app, ensuring a streamlined and secure user journey. Whether you're checking portfolio performance during your morning commute or executing a trade late at night, the platform operates around the clock—365 days a year.
Robust Security Infrastructure for Asset Protection
Security remains a top priority for Rakuten Wallet, especially given the increasing sophistication of cyber threats targeting digital assets. To safeguard customer funds, the company has implemented a multi-layered protection framework aligned with Japanese regulatory standards.
Cold Wallet Storage & Fund Segregation
Customer-owned cryptocurrencies are stored in offline cold wallets, isolated from internet-connected systems to prevent unauthorized access. These cold storage solutions significantly reduce exposure to hacking attempts and online breaches.
Additionally, customer assets are strictly separated from company funds. All client deposits are held in trust accounts managed by Rakuten Trust, with custodial oversight provided through Rakuten Bank. This segregation ensures transparency and protects users in the unlikely event of corporate financial difficulties.
Multi-Signature Keys and Two-Factor Authentication (2FA)
Private keys—the digital credentials required to access and transfer cryptocurrency—are protected using multi-signature technology, which requires multiple approvals before any transaction is executed. This adds an extra layer of control and prevents single-point failures.
Furthermore, every sensitive action—including login, withdrawal, and fund transfers—requires two-step authentication (2FA). This dual verification process helps block unauthorized access even if login credentials are compromised.
Free Core Services with Transparent Fee Structure
One of the standout features of Rakuten Wallet is its commitment to low-cost, transparent pricing. The platform removes barriers to entry by offering several essential services at no cost:
- Account creation – Free
- Account management – Free
- Buying and selling cryptocurrencies – Free
- Depositing Japanese yen – Free
- Crypto deposits – Free
While most services are free, nominal fees apply to certain withdrawal actions:
- Yen withdrawals: ¥300 per transaction
Cryptocurrency withdrawals:
- Bitcoin (BTC): 0.001 BTC
- Ethereum (ETH): 0.01 ETH
- Bitcoin Cash (BCH): 0.01 BCH
This pricing model makes it affordable for users to experiment with crypto trading while minimizing operational friction.
Simple Onboarding for Existing Rakuten Users
For customers already enrolled in Rakuten Bank, setting up a Rakuten Wallet account is fast and straightforward. By completing a simple online form with basic personal and financial information, eligible users can link their existing banking profile and begin trading within minutes.
This integration leverages Rakuten’s broader ecosystem—spanning e-commerce, banking, loyalty points, and mobile services—to deliver a unified financial experience where traditional money and digital assets coexist seamlessly.
Regulatory Compliance and Company Background
Rakuten Wallet has built its operations on a foundation of legal compliance and regulatory oversight. Key milestones include:
- March 30, 2017: Launched virtual currency exchange service
- September 7, 2017: Submitted registration as a "Virtual Currency Exchange Operator" to the Kanto Local Finance Bureau under Japan’s Payment Services Act
- March 25, 2019: Officially registered as a licensed crypto exchange
- April 15, 2019: Began accepting account applications
- August 19, 2019: Officially launched cryptocurrency trading services
By adhering to strict regulatory requirements under the Payment Services Act, Rakuten Wallet demonstrates its commitment to consumer protection, anti-money laundering (AML) practices, and long-term sustainability in the evolving digital asset landscape.
Frequently Asked Questions (FAQ)
Q: Is the Rakuten Wallet app available for both iOS and Android?
Yes. After initially launching on Android, the Rakuten Wallet app is now fully available on iOS devices through the Apple App Store.
Q: Which cryptocurrencies can I trade on Rakuten Wallet?
You can currently trade three major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH).
Q: Are there any fees for buying or selling crypto?
No. There are no fees for purchasing or selling cryptocurrencies on the platform. However, withdrawal fees apply for both fiat (¥300 for yen) and crypto assets.
Q: How does Rakuten Wallet keep my funds safe?
The platform uses cold wallet storage, fund segregation via trust accounts, multi-signature private key management, and two-factor authentication for all critical operations.
Q: Do I need a Rakuten Bank account to use Rakuten Wallet?
While not mandatory, having a Rakuten Bank account simplifies the registration process and enables faster fund transfers between accounts.
Q: Can I access customer support if I encounter issues?
Yes. Registered users can access dedicated customer support through the app or official website for assistance with technical issues, transactions, or account verification.
Looking Ahead: Expanding the Future of Digital Finance
Rakuten Wallet’s launch of the iOS app signals more than just platform expansion—it reflects a broader vision of integrating digital currencies into everyday financial life. With plans to enhance service offerings, improve user experience, and potentially support additional cryptocurrencies in the future, Rakuten is positioning itself as a leader in Japan’s regulated crypto space.
As global interest in blockchain technology continues to grow, platforms like Rakuten Wallet play a crucial role in bridging mainstream consumers with decentralized finance—offering security, simplicity, and regulatory trust in one unified solution.
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