BTCBox Exchange ReviewCentralized
Cryptocurrency exchange BTCBox was established in Japan in April 2014 by BTC Box Co., Ltd. BTCBox is a member of the Japan Cryptocurrency Business Association (JCBA) – an association that provides support to banks and other business entities that launch crypto projects in the Japanese market. It seems that they also operate under license from the Japanese Financial Services Agency (JFSA) – a financial regulatory agency based in Japan.
A review of BTCBox shows that this fiat-to-crypto exchange originally only served the crypto space via one market and one currency pair, namely BTC/JPY. Today they seem to offer more than one JPY-to-crypto currency pair, including JPY-to-crypto currency pairs that include Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH). This effectively boils down to trading only being available in Japanese Yen (JPY).
The BTCBox website is available in Chinese, English and Japanese, but the options available in English are extremely limited as it is only partially translated. It is unclear if the same can be said of the Chinese version of the website. Chances are that BTCBox focuses primarily on the Japanese market. A BTCBox review also shows that they started Bitcoin lending in February of 2016. They seem to offer both spot and margin trading as well as finance.
BTCBox seems to enjoy the support of banks in Japan. They accept deposits in JPY and there don’t seem to be any deposit fees, although withdrawals seem to attract fees. In addition, margin trading doesn’t seem to be instant.
Two-factor authentication (2FA) seems to be available as a security option.
24h Trading Volume7217.320 BTC
BTCBox Exchange Review
BTCBox Deposit feesFree
BTCBox Trading fees
BTC : Free
Accepted Payment MethodCrypto to Crypto, Crypto to FIAT