How to Withdraw Japanese Yen (JPY) from Binance: A Step-by-Step Guide for 2024
If you are a crypto trader based in Japan or holding Japanese Yen (JPY) on Binance, understanding the withdrawal process is crucial. Many users search for "日本货binance币安币交易所怎么提现," which translates to "How to withdraw from Binance in Japan." This guide will walk you through the specific steps, requirements, and options available for withdrawing JPY from Binance to your bank account.
Step 1: Verify Your Account (KYC)
Before any withdrawal, ensure your Binance account is fully verified. Japanese users must complete identity verification (KYC) with a valid residence card or driver’s license. Binance Japan, a regulated entity under the Financial Services Agency (FSA), requires proof of address (e.g., utility bill) and in some cases, a My Number card for tax purposes.
Step 2: Convert Crypto to JPY
Binance does not allow direct withdrawal of cryptocurrency as cash. You must first sell your cryptocurrency (e.g., Bitcoin or Ethereum) for JPY. Use the “Convert” or “Trade” feature on Binance’s spot market. Sell your selected token to “JPY” stablecoin (e.g., USDT to JPY via the BTC/JPY or ETH/JPY trading pairs). Alternatively, sell directly to JPY via the “Fiat” section.
Step 3: Navigating to the Withdrawal Page
Log in to your Binance account. Go to “Wallet” > “Fiat and Spot.” Then click “Withdraw.” Select “JPY” as the currency. You will see options like “Bank Card (Visa)” or “Bank Transfer (SEPA or Japan Bank Transfer).” For Japanese users, the most common method is “Japan Bank Transfer.”
Step 4: Adding Your Japanese Bank Account
To withdraw JPY, you must link a Japanese bank account. Binance supports most major banks: Mitsubishi UFJ, Mizuho, Sumitomo Mitsui, Rakuten Bank, Sony Bank, and many regional banks. Enter your bank name, branch code, account number, and account holder name (must match your Binance KYC name). Binance may take 1–2 business days to verify the bank account.
Step 5: Submitting the Withdrawal Request
Enter the amount you wish to withdraw (minimum withdrawal is typically 1,000 JPY). Double-check all details. Note that Binance charges a withdrawal fee (usually 550 JPY for bank transfers) and may have a daily limit (e.g., 1,000,000 JPY per day for verified users). Confirm the transfer via 2FA (Google Authenticator or SMS).
Step 6: Waiting for Processing
Bank transfers from Binance Japan usually take 1–3 business days (excluding weekends and holidays). The funds will arrive in your Japanese bank account. For faster service, select “Express Transfer” (if available), which may incur a higher fee but arrives within same day.
Common Issues and Solutions
- "Withdrawal Suspended": Binance Japan may temporarily halt JPY withdrawals during market volatility or maintenance. Check Binance’s “System Status” page.
- "Bank Not Supported": Some small regional banks are not listed. Contact Binance support to request addition.
- "Exchange Rate Loss": When converting crypto to JPY, use limit orders instead of market orders to avoid slippage during high volatility.
Alternatives to Direct Withdrawal
If you are having trouble with Binance Japan, you can consider using third-party services like “Coincheck” or “BitFlyer” to transfer crypto and then withdraw JPY. However, these services charge additional fees. Another option is to withdraw funds as stablecoin (USDT) to a wallet and then exchange via a regulated Japanese exchange.
Conclusion
Withdrawing Japanese Yen from Binance is straightforward once you have verified your account and linked a supported Japanese bank. Always double-check withdrawal limits and fees. For current tax implications, consult a Japanese accountant as crypto gains are taxable in Japan. Bookmark Binance’s official FAQ for the most up-to-date procedures.


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