Coinranking
Coin listings
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New coin listings
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Markets
About BitBank
BitBank, founded in 2014 as Bitcheck by Noriyuki Hirosue and launched in 2016, is a centralized crypto exchange based in Tokyo, Japan. It’s one of Japan’s largest platforms, focusing on local traders but also welcoming international corporate accounts. With a 24-hour trading volume of around $36.93M as of late 2024, it remains a key player in the Japanese crypto scene.
What BitBank Offers
- Trading Pairs: Supports 43 coins and 56 markets, including BTC, ETH, XRP, LTC, and MONA, all paired with JPY—perfect for Japanese users.
- Low Fees: Makers get a -0.02% rebate, takers pay 0.12%, and withdrawals are affordable (e.g., 0.0006 BTC, slightly above the 0.00053 BTC industry average).
- Platform Features: Offers spot trading, a TradingView terminal with 70+ technical tools, and a mobile app for iOS and Android mirroring the desktop experience.
- Security and Regulation: Licensed by Japan’s Financial Services Agency (FSA), with 2FA, SSL encryption, and 90% cold storage—no major hacks reported.
- Corporate Access: One of the few exchanges allowing non-Japanese corporate entities to trade, with perks like discounted fees and relaxed API limits for VIPs.
Things to Consider
- Japan-Centric: It’s built for Japanese residents—JPY is the only fiat currency, and non-residents (except corporations) can’t open personal accounts.
- KYC Requirements: Mandatory KYC for all users, including selfie verification, due to strict Japanese regulations like the Travel Rule.
- Limited Scope: No margin trading yet (though it’s planned), and the coin selection is smaller than global exchanges like Binance.
- User Feedback: Some users report withdrawal issues (e.g., one 2023 review mentioned funds being hard to access), so proceed with caution.
- Regulatory Pressure: While FSA licensing adds trust, Japan’s tight crypto laws might limit features or accessibility for some.
BitBank is a reliable, regulated option for Japanese traders or international businesses looking for a secure platform with competitive fees. Visit them at https://bitbank.cc to explore their services.