Can I Buy Crypto with Japan Post Bank?
Yes, you can buy cryptocurrency with Japan Post Bank by transferring funds to a secure digital asset exchange in Japan, but you cannot purchase crypto directly through the bank. Japan Post Bank clients can transfer Japanese Yen (JPY) from their accounts or cards to a secure trading platform and directly buy, sell, hold, and stake cryptocurrencies like Bitcoin, Ethereum, Tether, and Ripple.
How to Buy Crypto with Japan Post Bank
The best way for Japanese investors to buy cryptocurrency is by sending JPY to a secure digital asset exchange. As previously mentioned, we recommend using the Bybit exchange as it offers free and instant deposits through several payment methods, including Bank Transfer, Credit Card, Line Pay, Google Pay, PayPay and Maestro. Once your funds are on the exchange, you can swap your Yen directly for digital currencies like Bitcoin.
Japan Post Bank customers can buy crypto with this easy guide:
- Create a free account on Bybit with your email address and pick a password.
- Click 'Buy Crypto', then 'One-Click Buy' and select 'JPY' as your currency.
- Pick a method and select the cryptocurrency you want to invest in.
- Input your purchase amount and tap 'Buy' to complete your transaction.
Japan Post Bank Cryptocurrency Policy
Japan Post Bank acknowledges the growing enthusiasm for Bitcoin and other digital assets among its users, not just in Japan but globally. To meet this rising demand in the evolving market, the bank facilitate transactions with cryptocurrency exchanges that are overseen by the Financial Services Agency of Japan (FSA) or equivalent international regulatory bodies. This approach highlights Japan Post Bank's dedication to pioneering solutions. Their primary objective is to provide a safe and credible platform for those navigating the ever-changing world of digital currencies.
About Japan Post Bank
Japan Post Bank, headquartered in Tokyo, is an integral part of Japan's financial infrastructure, originally established in 1875 as a postal savings system. It stands unique in its dual role as a banking institution and a component of the larger Japan Post Group, which includes postal and insurance services. Specializing in secure, low-risk financial products like savings accounts and time deposits, the bank is entrusted with over ¥200 trillion (roughly $1.8 trillion USD) in assets, making it one of the world's largest deposit holders.
Unlike many commercial banks, Japan Post Bank has an extensive reach with over 20,000 branches across Japan, many situated within post offices, thereby providing unparalleled accessibility to both urban and rural communities. Known for its conservative investment strategy and stable returns, it has long been considered a trustworthy haven for Japanese savers. In recent years, the bank has ventured into more diversified financial services including international remittances and investment funds.
The Bottom Line
To summarize, Japan Post Bank customers cannot buy cryptocurrency directly through the bank but can transfer funds from their bank accounts and cards to a secure digital asset exchange. We recommend using the Bybit platform, which provides an easy signup process with instant verification and a user-friendly interface. It also offers the lowest fees globally, with trading costs only 0.1% when you buy or sell a cryptocurrency.