Managing your Japanese yen (JPY) deposits and withdrawals efficiently is essential for seamless cryptocurrency trading. Whether you're new to digital assets or an experienced trader, understanding how to deposit and withdraw JPY securely and promptly ensures smooth access to Bitcoin and other cryptocurrencies. This guide covers everything you need to know about JPY transactions, including supported methods, processing times, fees, restrictions, and frequently asked questions.
How Long Does a JPY Deposit Take?
Processing times for Japanese yen deposits vary depending on the method used. Below is a breakdown of expected timelines based on your chosen deposit channel.
Deposits to Mitsubishi UFJ Bank (MUFG) Dedicated Account
- Standard Processing: Funds are typically reflected in your account by the next business day.
- 24/7 Availability: Instant deposits are possible year-round if transferred from a bank participating in Japan’s Zengin Net More Time System. Check eligible banks here.
- Maintenance Downtime: Deposits made between 2:00 AM – 4:00 AM daily, or Sunday 7:00 PM – Monday 8:00 AM, may be delayed due to system maintenance.
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Deposits to SBI Sumishin Net Bank Dedicated Account
- Standard Processing: Up to the next business day.
- Important Note: When transferring via ATM or online banking, ensure you include the 5-digit prefix before your name (e.g., “12345 BITFLYER”). Missing this will prevent deposit recognition.
Deposits to GMO Aozora Net Bank Dedicated Account
- Standard Processing: Up to the next business day.
- 24/7 Availability: Applies only to banks within the Zengin Net More Time System.
- Maintenance Downtime: Monthly second Saturday from 9:50 PM to 6:00 AM JST.
Instant Deposit Methods: Internet Banking & Convenience Stores
- Processing Time: Typically instant, 24 hours a day, 365 days a year.
- Note: Delays may occur due to network issues or system maintenance.
Available JPY Deposit Methods
You can deposit Japanese yen using three primary methods: bank transfer, internet banking, or convenience store payments.
1. Bank Transfer
After logging in:
- Go to the Deposit/Withdrawal menu → select "Deposit JPY" → choose your preferred bank (Mitsubishi UFJ, SBI Sumishin, or GMO Aozora).
- Use the provided account number and branch details to complete the transfer.
⚠️ Always double-check:
- The correct recipient account number
- Your full legal name matching your registered identity
- For SBI Sumishin transfers: include the 5-digit identifier
2. Internet Banking Deposit
Supported banks include:
- SBI Sumishin Net Bank
- AEON Bank
- Other banks via Pay-easy (Pepper)
Steps:
- Select "Internet Banking Deposit" in the app or web portal.
- Enter the amount and follow on-screen instructions.
3. Convenience Store Deposit
Available at:
- Lawson, FamilyMart, Mini Stop, Daily Yamazaki, Seico Mart
Process:
- Choose "Convenience Store Deposit" in the app.
- Follow prompts to generate payment details and pay at any supported store.
📱 Mobile users can access these options via the bitFlyer Wallet app under "Deposit" → "JPY".
Security Restrictions on Quick Deposits
For security reasons, funds deposited via Pay-easy or convenience stores are subject to asset transfer restrictions.
7-Day Holding Period
- Assets equivalent to your deposit amount are locked for 168 hours (7 days).
- Example: A ¥50,000 deposit made on April 1 at 10:00 AM will unlock on April 8 at 10:00 AM.
Affected Services During Restriction Period
- JPY withdrawals
- Crypto asset transfers (Bitcoin, Ethereum, etc.)
- bitWire
- Bitcoin payments ("Bitcoin wo Tsukau")
- Pay services
Calculation of Withdrawable Amount
Withdrawal eligibility is calculated as:
(Total Asset Value) – (Last 7 Days’ Deposit Total) = Available Withdrawal Balance
Asset values are based on current market rates at time of withdrawal request.
How to Withdraw Japanese Yen
To withdraw JPY:
- Navigate to Deposit/Withdrawal → JPY → Withdraw.
- Ensure your personal bank account is registered under your name.
Key Withdrawal Details
Processing Time:
- Requests submitted before 2:30 PM on weekdays: processed same day or next business day.
- After 2:30 PM: processed next or following business day.
- Weekends/holidays may cause delays.
- Fees Apply: Confirm sufficient balance including withdrawal fee.
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Common Issues & Troubleshooting
My Deposit Isn’t Reflecting – What Should I Do?
If your deposit hasn’t appeared after the expected timeframe:
- Verify correct account number and name were used.
- Confirm the 5-digit code was included for SBI Sumishin transfers.
- Contact support via the Deposit Inquiry Form.
Can I Use a Third-Party Bank Account?
No. Only deposits from your own registered bank account are accepted. Third-party transfers will not be credited.
What If I Entered the Wrong Account Number?
Immediate action is required:
- Contact your bank to initiate a reversal (kumimodoshi).
- Submit details via the Inquiry Form.
Reversal fees are the customer’s responsibility.
Frequently Asked Questions
Q1: Are there minimum or maximum deposit amounts?
Yes. The minimum deposit is ¥1, with no upper limit. However, convenience store deposits are capped at ¥300,000 per transaction.
Q2: Can I cancel a convenience store or Pay-easy deposit?
No. Once payment is completed, cancellation is not possible—except for SBI Sumishin Bank transfers under specific conditions.
Q3: Why isn’t my instant deposit reflecting immediately?
While most internet and convenience store deposits are instant, temporary connectivity issues or processing lags may delay confirmation until the next banking day.
Q4: Can I withdraw to a different bank account than the one registered?
No. Withdrawals are only permitted to your pre-registered personal bank account for security compliance.
Q5: How long does it take to reverse a mistaken deposit?
After initiating a reversal through your bank, refund processing usually takes 7–10 business days. Contact your financial institution for real-time updates.
Q6: Is there a fee for JPY deposits?
Standard bank transfer fees apply per your financial institution. Quick deposits via the bitFlyer Wallet app incur a flat fee of ¥330 (tax included) per transaction.
Final Tips for Smooth Transactions
Always verify:
- Your identity matches registered details exactly.
- You're using the correct deposit method and associated identifiers.
- You initiate transactions outside known maintenance windows.
Staying informed helps avoid delays and enhances your trading experience.
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