Let's try using a cryptocurrency (Bitcoin) exchange.
Bitcoinand othervirtual currenciesthat can be tradedexchangesare what they are called.
So if you want to hold a small amount of Bitcoin, open an account at an exchange
and purchase Bitcoin with Japanese yen there.
At an exchange, you deposit Japanese yen and buy Bitcoin with Japanese yen.
Therefore, before purchasing Bitcoin, you need to set up an account at the exchange in advance.
➡︎Here is how to open an account with BitFlyer Exchange
Here is the place to obtain Bitcoin at the “Bitflyer Exchange”
【About the types of exchanges】
Currently, the number of exchanges is gradually increasing.
Since trading is more active overseas, overseas exchanges offer a wide variety of currencies.
On the other hand, in Japan, many exchanges are still new, and the available currencies are representative ones, but that also means it is easier to invest prudently.
When there are many currencies, some people may trade a lot out of curiosity.
【About exchanges】
Representative exchanges include:
・BitFlyer
If you first trade cryptocurrencies, a trading screen that is easy to view is recommended: “BitFlyer”
【About BitFlyer Exchange】
We will explain what you can do on BitFlyer Exchange.
As shown in the image, accounts have ranks, and the higher the rank, the more you can trade and engage in various activities.
In the case of BitFlyer Exchange,we recommend opening up to “Business Class” as well, including future trades. By having Business Class opened, it becomes smooth to later purchase Bitcoin with larger amounts if you want to hold more Bitcoin.
This screen is from when you opened your BitFlyer account and logged in.
This explains the main functions on the left side of the screen.
・Bitcoin Retail Purchase… buy Bitcoin from the exchange.
・Bitcoin Exchange… buy Bitcoin from other people.
・bitfyer lightning…… trade Bitcoin and Ethereum. The chart screen is easy to read.
・Trading Reports… view total assets in Japanese yen and Bitcoin, etc.
・Use Bitcoin… you can buy goods with Bitcoin.
・Receive Bitcoin… you can receive Bitcoin through credit card creation, etc.
・Deposits/Withdrawals… deposit Japanese yen. Or exchange Bitcoin to Japanese yen.
These are the main features.
To obtain Bitcoin, there are both a retail purchase and a trading exchange, but basically trading exchanges have cheaper fees, so buying Bitcoin through a peer-to-peer exchange is cheaper.
Regarding virtual currencies,knowledge alone is not enough; actually holding and using the currency deepens understanding and sparks further interest.
So, for beginners, start with a small amount (you can hold Bitcoin with about 100 yen) and try investing.
Experiencing what online currencies using cutting-edge technology (blockchain) are like is a very good experience.
Here is the BitFlyer Exchange where you can obtain Bitcoin↓↓↓
