Choosing the right cryptocurrency exchange can be overwhelming, especially for beginners. With so many platforms available, it's essential to understand how these exchanges work, what security measures they offer, and how fees and available digital assets impact your trading experience. This guide breaks down everything you need to know to make an informed decision—without the jargon or unnecessary complexity.
Whether you're looking to buy Bitcoin, trade Ethereum, or explore alternative coins like Litecoin or XRP, selecting a reliable and user-friendly exchange is your first step toward successful crypto investing.
👉 Discover a secure and beginner-friendly platform to start your crypto journey today.
What Is a Cryptocurrency Exchange?
A cryptocurrency exchange is a digital platform where users can buy, sell, or trade various cryptocurrencies. These platforms are operated by licensed companies and serve as intermediaries between buyers and sellers in the crypto market.
In Japan and other regulated markets, most users start by purchasing crypto with Japanese yen (JPY). When the value of your chosen cryptocurrency rises, you can sell it for a profit—a straightforward process ideal for newcomers.
Key Differences: Trading Desk vs. Exchange Model
Many platforms offer two types of trading models:
- Sales Desk (販売所): The exchange acts as the seller. You buy directly from them at a fixed price. Transactions are instant, making this model perfect if you want quick access to crypto.
- Exchange Model (取引所): Users trade directly with each other. Prices fluctuate based on supply and demand. While slightly more complex, this model often offers better pricing and greater profit potential over time.
For long-term investors, the exchange model typically provides more control and better value.
4 Key Factors to Consider When Choosing a Crypto Exchange
Before opening an account, evaluate these critical aspects to ensure safety, affordability, and usability.
1. Licensed by Japan’s Financial Services Agency (FSA)
Always choose an exchange that is officially registered with Japan’s Financial Services Agency (FSA). These platforms meet strict regulatory standards designed to protect users' funds and personal data.
You can verify an exchange’s status on the FSA’s public registry of registered virtual currency operators. Avoid unlicensed platforms—some may be scams targeting unsuspecting investors.
2. Understand Fee Structures: Trading Fees & Spreads
All exchanges charge fees, but they vary significantly:
- Trading fees: Charged when you buy or sell crypto.
- Deposit/withdrawal fees: Some platforms charge for moving money in or out.
- Spreads: The difference between buying and selling prices—this acts as a hidden cost on sales desks.
To minimize costs, review each platform’s fee schedule before signing up. Look for transparent pricing and low spreads.
👉 Compare real-time fees and find the most cost-effective trading options now.
3. Check Available Cryptocurrencies
Not all exchanges support the same coins. While major ones like Bitcoin (BTC) and Ethereum (ETH) are widely available, lesser-known altcoins such as Monacoin (MONA) or NEM (XEM) may only be listed on select platforms.
If you plan to invest beyond the top two or three cryptocurrencies, confirm the exchange supports your desired assets before registering.
4. Prioritize Security Features
Cybersecurity is non-negotiable. Even regulated exchanges have faced breaches in the past. Look for platforms that implement:
- Cold wallet storage (offline storage of funds)
- Multi-signature authentication (multi-sig)
- Two-factor authentication (2FA)
- SSL encryption
Also, check recent news or official announcements for any past security incidents or maintenance issues that could affect access.
Top 4 Beginner-Friendly Cryptocurrency Exchanges in Japan
Here are four reputable, FSA-licensed exchanges ideal for those just starting out.
1. Rakuten Wallet
Operated by the well-known Rakuten Group, this exchange integrates seamlessly with the broader Rakuten ecosystem.
Key Features:
- Convert Rakuten Points directly into Bitcoin and other cryptocurrencies
- Intuitive mobile app with beginner-focused design
- Fast account setup—approval in as little as one day
Supported Coins: BTC, BCH, ETH
Fees: Free trading; JPY withdrawals cost ¥300
Security: Cold wallets, trust asset protection
Perfect for users already engaged with Rakuten services who want a smooth entry into crypto.
2. GMO Coin
Backed by GMO Internet Group, GMO Coin combines financial expertise with strong technical infrastructure.
Key Features:
- Offers both advanced charting tools and simplified trading modes
- No deposit, withdrawal, or trading fees
- Regular system maintenance every Wednesday from 15:00–16:00 JST
Supported Coins: BTC, ETH, XRP, LTC, BCH
Security: Cold storage, multi-sig technology
Ideal for beginners who may grow into more active trading over time.
3. DMM Bitcoin
Part of the DMM Group, this platform caters to both new and intermediate traders.
Key Features:
- Supports leveraged trading for altcoins (advanced feature)
- Advanced chart analysis tools included
- Clean interface suitable for learning
Supported Coins: BTC, ETH, XRP, LTC, BCH, ETC, XEM
Fees: All free
Security: Cold wallets, multi-sig
A solid choice if you’re planning to expand beyond basic spot trading.
4. Coincheck
Owned by Monex Group, Coincheck is one of Japan’s most recognized crypto exchanges.
Key Features:
- Mobile-first onboarding—account setup in under 24 hours
- Unique feature: Use Bitcoin for real estate investment
- Simple UI ideal for beginners
Supported Coins: BTC, ETH, ETC, XRP, XEM, LTC, BCH, MONA, and more
Fees: Free deposits and withdrawals; zero trading fees
Security: 2FA, SSL encryption
With one of the widest coin selections among Japanese exchanges, Coincheck offers excellent flexibility.
Frequently Asked Questions (FAQ)
Q: Is it safe to use a cryptocurrency exchange in Japan?
Yes—provided it’s licensed by the Financial Services Agency (FSA). Regulated exchanges follow strict security and financial reporting standards to protect users.
Q: Can I start with less than ¥10,000?
Absolutely. Most Japanese exchanges allow micro-investments starting from just a few hundred yen. This makes crypto accessible even with a small budget.
Q: Do I need to pay taxes on crypto gains?
Yes. Profits from cryptocurrency sales are considered taxable income in Japan. Keep accurate records of all transactions for tax reporting.
Q: How long does account verification take?
Most platforms complete identity verification within 1–3 business days. Some, like Rakuten Wallet and Coincheck, offer same-day or next-day approval.
Q: What happens if an exchange gets hacked?
FSA-regulated exchanges are required to have contingency plans. Many maintain insurance or reserve funds to compensate users in case of theft—though coverage varies by provider.
Q: Can I use multiple exchanges at once?
Yes—and many experienced investors do. Using multiple platforms lets you access different coins, pricing, and features while diversifying risk.
Choosing the right cryptocurrency exchange sets the foundation for a successful digital asset journey. Focus on regulation, security, fees, and available coins—and remember that simplicity often beats complexity when you're just starting out.
👉 Start trading securely on a globally trusted platform—explore your options now.
Whether you go with Rakuten Wallet for its ecosystem perks or GMO Coin for its clean interface, take your time to compare features and always prioritize safety. With the right tools and knowledge, anyone can confidently enter the world of cryptocurrency in 2025.