Here, we compare and introduce domestic cryptocurrency exchanges where you can purchase XRP, highlighting their unique features.
Japanese Cryptocurrency Exchanges Where You Can Buy XRP
Coincheck: Operated by Monex Group Subsidiary
Coincheck is a cryptocurrency exchange operated by Coincheck Inc., a subsidiary of Monex Group, Inc. It offers a wide range of cryptocurrencies, including XRP, NEM (XEM), Monacoin, Enjin, and IOST—many of which are unavailable on other exchanges.
Key features include:
- User-friendly mobile app for trading, chat, and crypto lending services.
- Pioneering listings—often the first in Japan to list new coins.
- Crypto lending service that allows long-term holders to earn interest on their altcoins.
👉 Want to learn more about crypto lending?
GMO Coin: Operated by GMO Internet Group
GMO Coin is managed by GMO Coin, Inc., part of the GMO Internet Group. With backing from financial institutions like GMO Securities, it provides advanced trading services, including:
- Spot and leveraged trading for XRP, Litecoin, OMG, and other altcoins.
- Multi-functional app for complex order placements on the go.
- Expanded crypto lending—now supports Bitcoin, BAT, OMG, and more.
Why Diversify Your Crypto Holdings?
Cryptocurrency investments come with unique risks, such as exchange hacking or counterparty vulnerabilities. To mitigate these, consider:
- Spreading holdings across multiple exchanges.
- Comparing fees—trading platforms (peer-to-peer) and over-the-counter (OTC) desks have different fee structures.
- Monitoring price differences—some exchanges offer better rates than others.
👉 Ready to explore secure trading options?
Considering XRP? Here’s What You Need to Know
Key Features of XRP
- Fast settlements: Processes transactions in seconds.
- Low fees: Costs a fraction of a cent per transaction.
- Scalability: Handles 1,500+ transactions per second.
- Enterprise adoption: Used by banks and payment providers.
- Decentralized ledger: Powered by the XRP Ledger.
FAQs About Buying XRP in Japan
Q1: Which exchanges offer the lowest fees for XRP?
A: Fees vary by platform—compare trading (0.1–0.5%) vs. OTC (0.5–1.5%) options.
Q2: Can I store XRP in any wallet?
A: Yes, but use wallets supporting XRP Ledger, like Ledger Nano S or Exodus.
Q3: Is XRP a good long-term investment?
A: Its utility in cross-border payments makes it promising, but market volatility remains.
Q4: How do I avoid scams when buying XRP?
A: Stick to registered exchanges like Coincheck or GMO Coin.
Q5: What’s the minimum investment for XRP?
A: Some exchanges allow purchases as low as ¥1,000 (~$7).
Q6: Are there tax implications for trading XRP?
A: Yes—capital gains tax applies in Japan. Keep detailed records.
Recommended Exchanges for XRP Purchases
| Exchange | Key Features | Fees (Trading) |
|------------------|---------------------------------------|----------------|
| Coincheck | Wide altcoin selection, crypto lending | 0.1–0.5% |
| GMO Coin | Leveraged trading, strong FX tools | 0.15–0.45% |
| bitFlyer | High liquidity, simple interface | 0.1–0.5% |
Final Tips
- Security first: Enable 2FA and withdraw to private wallets.
- Stay updated: Follow regulatory changes in Japan’s crypto market.
- Diversify: Pair XRP with stablecoins or Bitcoin to hedge risk.
For further reading, check our XRP investment guide.