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BTCBOX
Exchange
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About BTCBOX
BTCBOX Exchange
BTCBOX, launched in March 2014, is a centralized crypto exchange based in Tokyo, Japan. It’s one of Japan’s longest-running platforms, focused on secure trading for Japanese users, supporting JPY and 7 coins like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). It’s still active, but its 24-hour trading volume is modest at $1.74M as of late 2024, down 17.79%.
What Made It Unique
- JPY Trading: Supports JPY deposits and withdrawals via bank wire, Osko PayID, or card with no fees, making it a great fiat on/off-ramp for locals.
- Low Fees: Flat 0.05% trading fee for makers and takers, well below the 0.25% industry average. Withdrawals are affordable—e.g., 0.0005 BTC.
- High Security: Registered with Japan’s Financial Services Agency (Kanto Finance Bureau No. 00008), with no hacks in its 10+ years. Uses 90% cold storage and 2FA.
- Trading Features: Offers spot trading, margin, and leverage trading, plus an “Easy Trading” mode for quick buys of BTC, ETH, DOGE, DOT, and TRX.
- Local Support: Provides customer service in Japanese, English, and Chinese via phone, email, and chat, all handled internally for better quality.
Things to Keep in Mind
- Small Scale: With only $1.74M daily volume and 7 coins, it’s not a major player. Liquidity can be thin for non-BTC pairs.
- Japan-Centric: Tailored for Japanese users; non-locals might find the JPY focus and lack of crypto-to-crypto pairs limiting.
- KYC Required: Strict ID verification (passport or driver’s license) is mandatory to trade with JPY, which might deter privacy-focused users.
- Declining Volume: Recent volume dropped 17% in a day, hinting at reduced activity compared to its peak of $16.7M in 2019.
- Regulatory Pressure: While FSA registration adds trust, Japan’s tight crypto laws could mean slower innovation or added hurdles for users.
BTCBOX is a secure, regulated option for Japanese traders, especially those new to crypto, but its small scale and regional focus might not suit everyone. The site is still live at https://www.btcbox.co.jp.