Ripple (XRP) has emerged as a leading digital asset focused on revolutionizing cross-border payments by offering faster transaction speeds and significantly lower fees compared to traditional international money transfer systems. Designed for efficiency and scalability, XRP is gaining traction among financial institutions and individual investors alike.
In this comprehensive guide, we’ll explore the best domestic cryptocurrency exchanges in Japan where you can buy XRP, walk through the step-by-step purchasing process, and highlight key considerations to help you make informed investment decisions. Whether you're new to crypto or an experienced trader, this article will equip you with everything you need to confidently enter the XRP market.
👉 Discover how to start investing in XRP securely and efficiently today.
What Is Ripple (XRP)?
Ripple (XRP) is a digital asset built on the XRP Ledger, a decentralized blockchain technology developed by the U.S.-based company Ripple Labs. Unlike many cryptocurrencies designed primarily as store-of-value assets, XRP was created specifically to facilitate fast, low-cost international payments and settlements.
The core mission of Ripple is to modernize global finance by eliminating inefficiencies in cross-border transactions. Traditional systems like SWIFT often take days to settle and involve high intermediary fees. In contrast, XRP transactions are confirmed in seconds and cost just a fraction of a cent, making it an attractive solution for banks and payment providers.
Key Features of XRP
- Cross-Border Payments: XRP acts as a bridge currency between different fiat currencies, enabling seamless international transfers.
- RippleNet Integration: Financial institutions use RippleNet—a network powered by Ripple’s technology—to send real-time, low-cost global payments. XRP plays a central role in this ecosystem.
- Speed & Efficiency: Transactions settle in 3–5 seconds, far faster than most blockchain networks.
- Scalability: The XRP Ledger can handle up to 1,500 transactions per second, rivaling major payment processors like Visa.
Ripple vs. SEC Legal Battle: What You Need to Know
One of the most closely watched legal cases in the crypto industry involves Ripple Labs and the U.S. Securities and Exchange Commission (SEC). In December 2020, the SEC sued Ripple, alleging that the sale of XRP constituted an unregistered securities offering.
The central question: Is XRP a security or a commodity?
- SEC's Position: Claims that early sales of XRP to institutional investors were investment contracts, thus falling under securities regulations.
- Ripple's Defense: Argues that XRP functions as a currency or digital commodity used for payments—not an investment vehicle.
In a landmark ruling in July 2023, Judge Analisa Torres determined that while Ripple’s sales to institutions violated securities laws, XRP itself is not inherently a security when traded on public exchanges. This partial victory boosted market confidence and led to a surge in XRP’s price.
As of 2025, the case continues with ongoing discussions about remedies and compliance. The final outcome could set a precedent for how other cryptocurrencies are regulated globally.
👉 Stay ahead of market-moving developments with real-time crypto insights.
Where to Buy XRP in Japan: Top 7 Domestic Exchanges
Japanese investors have access to several regulated and secure platforms where they can purchase XRP using Japanese yen. Below are the top seven domestic exchanges offering XRP trading:
- Coincheck
- bitFlyer
- GMO Coin
- bitbank
- DMM Bitcoin
- SBI VC Trade
- BITPoint
Each platform offers unique features tailored to different types of users—from beginners to advanced traders.
1. Coincheck – Best for Beginners
Founded in 2014, Coincheck is one of Japan’s largest and most trusted cryptocurrency exchanges. It boasts over 29 supported cryptocurrencies and a user-friendly mobile app ideal for newcomers.
Key Features:
- Free Bitcoin trading fees
- “Coincheck Tsumitate” – automated dollar-cost averaging (DCA) plans starting from ¥100
- NFT marketplace and IEO participation opportunities
- High liquidity and strong security protocols
Coincheck’s intuitive interface makes it easy to buy XRP instantly via its spot trading platform.
2. bitFlyer – Most Popular Exchange
bitFlyer leads the Japanese market in trading volume and user base. With support for 33 cryptocurrencies, including all major assets, it caters to both retail and institutional clients.
Why Choose bitFlyer?
- Free bank transfers from Sumitomo Mitsui Banking Corporation
- “bitFlyer Kantan Tsumitate” – flexible recurring purchases from ¥1
- Advanced charting tools and margin trading options
- Integrated credit card (bitFlyer Card) that rewards users with BTC cashback
Its robust infrastructure ensures smooth execution even during periods of high volatility.
3. GMO Coin – High Security & FX Integration
Operated by GMO Internet Group, GMO Coin combines crypto trading with foreign exchange services—all within a single app.
Standout Benefits:
- Zero fees for deposits, withdrawals, and account maintenance
- Leverage trading up to 2x on select pairs
- Staking rewards for holding eligible assets
- Real-time JPY deposits available 24/7
GMO Coin is ideal for users who want a unified platform for forex and crypto investments.
4. bitbank – Low-Cost Trading with Spread Rewards
bitbank distinguishes itself with a unique “spread return” model. Instead of charging fixed fees, it shares a portion of the bid-ask spread with traders—effectively reducing trading costs.
Advantages:
- Supports 38 cryptocurrencies
- Real-time JPY deposits every day of the year
- Enterprise-grade security with cold storage and two-factor authentication (2FA)
- Clean UI optimized for technical analysis
Active traders benefit most from bitbank’s competitive pricing structure.
5. DMM Bitcoin – Zero-Fee Leverage Trading
Part of the DMM Group, DMM Bitcoin appeals to active traders seeking cost-effective leveraged positions.
Notable Features:
- No fees for leverage trading or stop-loss execution
- Two interface modes: ST (simple) for beginners, EX (advanced) for pros
- Free withdrawals and no account maintenance charges
- Customer support via LINE and web form, available year-round
DMM Bitcoin is perfect for those looking to maximize returns without paying excessive fees.
6. SBI VC Trade – Trusted by SBI Group
Backed by financial giant SBI Holdings, SBI VC Trade offers institutional-grade reliability and low fees.
Key Highlights:
- Spot trading fees start at just 0.01%, tiered based on volume
- Supports recurring purchases (“Tsumitate”) for XRP
- Lending and staking programs generate passive income
- API access for algorithmic traders
Its integration with Japan’s broader financial ecosystem enhances trust and usability.
7. BITPoint – Innovative Savings Tools
BITPoint, operated by SBI Group’s BITPoint Japan, launched “TRUST,” a Travel Rule compliance solution, in April 2024—demonstrating its commitment to regulatory standards.
User-Friendly Offerings:
- Industry-first “Pack Tsumitate” – themed investment bundles
- Extremely low spot trading fee of 0.0999%
- Supports staking, lending, and automated savings
- Full support for XRP tsumitate plans
BITPoint blends innovation with affordability, making it a strong contender for long-term investors.
How to Buy XRP in Japan: Step-by-Step Process
Purchasing XRP in Japan is straightforward. Follow these three simple steps:
Step 1: Open an Account at a Licensed Exchange
Choose one of the regulated exchanges listed above. Registration typically requires:
- Email address
- Phone number
- Government-issued ID (e.g., driver’s license or passport)
- Proof of address (e.g., utility bill)
Account verification usually takes 1–3 business days.
Step 2: Deposit Japanese Yen
Once your account is verified, deposit JPY using:
- Bank transfer (most common)
- Instant bank transfers (available on some platforms)
- Credit/debit cards (limited availability)
Funds are typically credited within minutes to hours.
Step 3: Purchase XRP
Navigate to the XRP/JPY trading pair and choose:
- Market Order: Buy immediately at current price
- Limit Order: Set your desired price
- Recurring Purchase: Automate regular buys (ideal for long-term holders)
After confirmation, your XRP will appear in your exchange wallet.
👉 Start your XRP investment journey with confidence—learn more now.
Important Considerations When Buying XRP
While XRP presents compelling opportunities, it comes with risks that every investor should understand.
Market Volatility Due to Regulatory Uncertainty
Despite progress in the SEC case, regulatory clarity around XRP remains incomplete. Any adverse ruling could impact its listing status on exchanges and cause sharp price drops. Always assess your risk tolerance before investing.
Security Best Practices
Store large amounts of XRP in cold wallets rather than leaving them on exchanges. Use strong passwords, enable two-factor authentication (2FA), and beware of phishing scams.
Tax Implications
In Japan, cryptocurrency gains are treated as miscellaneous income and taxed accordingly. Keep detailed records of all trades for accurate tax reporting.
Frequently Asked Questions (FAQ)
Q: Is XRP legal to buy in Japan?
A: Yes, XRP is fully supported by multiple regulated Japanese exchanges and can be legally purchased using JPY.
Q: Can I use a credit card to buy XRP?
A: Some platforms like bitFlyer allow credit card deposits, but direct purchases may be limited due to financial regulations.
Q: Does Ripple pay dividends or staking rewards?
A: No. XRP does not generate dividends or native staking rewards, though some exchanges offer lending programs with interest.
Q: How fast are XRP transactions?
A: Typically settled within 3–5 seconds, making it one of the fastest blockchain networks.
Q: Should I hold XRP long-term?
A: It depends on your investment goals and risk appetite. Many believe in its potential if Ripple wins full regulatory clarity in the U.S.
Q: Are there withdrawal limits on Japanese exchanges?
A: Yes, most platforms impose daily or monthly withdrawal caps for security reasons. Check your exchange’s policy.
Final Thoughts: Invest in XRP with Awareness
Ripple (XRP) stands out as a purpose-built digital asset aimed at transforming global payments. With strong adoption among financial institutions and growing support on regulated Japanese exchanges, it remains a compelling option for investors interested in fintech innovation.
However, ongoing legal challenges mean that price volatility is likely to persist. Always conduct thorough research, diversify your portfolio, and only invest what you can afford to lose.
By choosing a reputable exchange and following sound investment practices, you can safely participate in the future of digital finance through XRP.
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