To buy cryptocurrency, you first need to deposit Japanese Yen into a crypto exchange account.
There are three main ways to fund your account: bank transfer, convenience store deposit, and quick deposit.
In this article, we’ll cover:
- How to deposit Japanese Yen
- How to deposit cryptocurrency like Bitcoin
- How to withdraw funds
- Tips for beginners entering the crypto market
Please note: When depositing or sending multi-chain supported currencies (such as ETH, BAT, ENJ, SAND, FNCT, CHZ, or LINK), always use the Ethereum network (ERC20). Sending via an incompatible network may result in permanent loss of funds.
How to Deposit Japanese Yen
Bank Transfer
Bank transfer is one of the most common and straightforward ways to deposit funds. It’s widely accessible, and while your bank may charge a transfer fee, the exchange itself typically does not impose additional deposit fees.
How to make a bank transfer:
- Navigate to the “Deposit/Withdraw” section and select “Bank Transfer.”
- Confirm the recipient account details and transfer the desired amount from your bank.
Since October 9, 2018, most Japanese banks have adopted the More-Time System, enabling near-instant interbank transfers 24/7, even on weekends and holidays. If your bank participates in this system, your funds will be credited after the exchange confirms the transfer.
If your bank is not part of this network, deposits are typically processed on the next business day after the transfer is made.
Convenience Store Deposit
This method allows you to deposit cash at a convenience store terminal. It’s a quick and accessible option, with funds usually credited to your account immediately after the transaction.
The fee for this service is ¥770 for deposits under ¥30,000 and ¥1,018 for amounts between ¥30,000 and ¥300,000.
SMS authentication must be enabled on your account to use this method.
How to deposit at a convenience store:
- Select “Convenience Store Deposit” in the deposit section.
- Choose your preferred convenience store chain.
- Complete the payment at the selected store before the stated deadline.
Quick Deposit (Pay-easy)
Quick deposit, also known as Pay-easy payment, allows you to fund your account via internet banking, mobile banking, or ATMs. This service is available 24/7, making it ideal for responding quickly to market movements.
SMS authentication is required for this method.
How to make a quick deposit:
- Select “Quick Deposit” from the deposit menu.
- Enter the amount and generate your payment information.
- Review the details and confirm the transaction deadline.
- Finalize the transaction using the provided reference number.
Fees are tiered: ¥770 for deposits under ¥30,000, ¥1,018 for amounts between ¥30,000 and ¥500,000, and 0.11% + ¥495 for deposits above ¥500,000.
Please note that not all financial institutions support Pay-easy. Check with your bank beforehand.
How to Deposit Cryptocurrency and Bitcoin
To deposit crypto assets like Bitcoin (BTC), log in to your account and navigate to the “Receive Crypto” tab. You will see a list of supported cryptocurrencies.
Select the asset you wish to deposit, and a unique wallet address will be displayed. Send your crypto to this address. Once the transaction is confirmed on the blockchain, the balance will appear in your account.
⚠️ Critical Warning: Always double-check the address and network type. Sending crypto to an incorrect address or on the wrong network (e.g., not ERC-20 for ETH-based tokens) will likely result in permanent loss of funds. We highly recommend sending a small test transaction first.
👉 Explore secure deposit methods
How to Withdraw Funds
Before you can withdraw funds, you must complete identity verification (KYC). This process typically involves submitting a government-issued ID and proof of address.
Withdrawal Methods
The only supported method for withdrawing Japanese Yen is via bank transfer.
Withdrawal Processing Time
Withdrawal requests are usually processed within 1–2 business days. However, delays can occasionally occur due to high volume or bank holidays.
Getting Started with Cryptocurrency Trading
Get Comfortable with the Exchange Interface
Crypto exchanges are designed to be user-friendly. Spend time exploring the platform’s features using small amounts to understand how orders, charts, and wallet functions work before executing larger trades.
Start with Surplus Funds
It’s wise to begin your trading journey with capital you can afford to lose. Use a small portion of your disposable income to learn the ropes. As you gain experience and confidence, you can consider increasing your investment size.
Diversify Your Investments
Diversification is a key risk management strategy. Instead of investing all your capital into a single cryptocurrency, spread it across several different assets. This approach can help mitigate the impact of a single asset’s price decline.
You can also diversify over time—a strategy known as dollar-cost averaging (DCA)—by investing fixed amounts at regular intervals, regardless of the asset’s price.
Adopt a Medium to Long-Term Perspective
While short-term day trading is possible, it requires significant time and expertise. For most beginners, a medium to long-term investment strategy (often called "HODLing") is more manageable. It avoids the stress of reacting to daily price volatility and is better suited for those who cannot monitor the markets constantly.
Avoid highly leveraged trading products as a beginner. These complex instruments can amplify losses very quickly and are best left to experienced traders.
Frequently Asked Questions
What is the cheapest way to deposit funds?
A bank transfer is usually the most cost-effective method for larger amounts, as the exchange often doesn't charge a receipt fee (though your bank might). For smaller, urgent deposits, convenience store or quick deposit methods are available for a fee.
How long does a cryptocurrency deposit take?
Crypto deposits require blockchain confirmations. Bitcoin transactions can take from 10 minutes to over an hour, depending on network congestion. Ethereum and other ERC-20 token transactions are generally faster.
What should I do if I send crypto to the wrong address?
Unfortunately, transactions on the blockchain are irreversible. If you send funds to an incorrect address, they are almost always lost permanently. This is why verifying the address and network before sending is absolutely critical.
Why is my withdrawal taking so long?
Yen withdrawals are processed by the exchange and then by the banking system. While they are typically completed in 1-2 business days, delays can occur during weekends, Japanese bank holidays, or if the exchange requires additional security checks.
Is my money safe on an exchange?
Reputable exchanges implement strong security measures, including cold storage for funds and two-factor authentication (2FA) for accounts. However, for significant long-term holdings, moving your crypto to a private, self-custody wallet is considered the safest option.
Summary: Key Takeaways for Depositing Funds
- Depositing JPY: You can choose from bank transfers (most economical), convenience store deposits (most accessible), or quick deposits (most speedy).
- Depositing Crypto: Always use the correct deposit address and network type for the specific asset. Send a test transaction first.
- For Beginners: Start small, use surplus funds, diversify your investments, and consider a long-term strategy instead of risky short-term trading.
The cryptocurrency market is dynamic. By understanding these fundamental deposit and withdrawal processes, you can participate more confidently and securely.