- Binance Japan and PayPay simplify crypto purchases with PayPay Money.
- PayPay Points now accepted for seamless crypto transactions on Binance.
- Single-click crypto purchases and withdrawals introduced on Binance Japan platform.
Binance Japan and PayPay Corporation have announced a new integration service that allows users to purchase cryptocurrencies directly with PayPay Money on Binance Japan’s spot trading platform. This collaboration aims to streamline the process for Japanese users by enabling them to buy digital assets using funds from their PayPay Money balance and withdraw proceeds from crypto sales directly to their PayPay Balance.
Additionally, PayPay Points can be used for funding purchases alongside PayPay Money, offering more flexibility for users.
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A Seamless and Efficient Crypto Trading Experience
Previously, crypto transactions on Binance Japan were limited to Japanese yen deposits and withdrawals through domestic bank accounts, external wallets, or exchanges. With this new integration, users can now execute transactions with a single click, simplifying the process of buying and selling cryptocurrencies on Binance Japan’s spot trading platform.
This feature is available on both mobile and web versions of the platform, operating 24/7 with minimal transaction limits, starting at just JPY 1,000.
By linking their PayPay account with Binance Japan, users can easily access this new service. To activate PayPay Money integration, users must enable linkage by selecting the “PayPay” icon within the crypto spot trading platform. Notably, PayPay Money Lite is not eligible for this service, so users will need to ensure they have the correct PayPay Money account set up.
Key Details of the New Service
This new service eliminates many of the previous limitations of crypto trading on Binance Japan. Users no longer need to rely on traditional bank transfers or external wallets to fund their crypto purchases. Instead, they can quickly transfer funds from their PayPay Money account directly to the platform.
While deposits are free, users will incur a JPY 110 withdrawal fee, with limits of JPY 1,000,000 per 24 hours and JPY 2,000,000 within 30 days for both deposits and withdrawals.
However, users cannot deposit PayPay Money solely as an account balance on Binance Japan, nor can they top up their PayPay Balance with yen already in the platform. Supported purchase orders include spot purchases through Binance Japan’s Exchange, available via mobile and web versions.
This collaboration further strengthens the relationship between PayPay and Binance Japan, following PayPay’s investment in the exchange earlier this month. The companies have indicated plans to continue improving the service, enhancing convenience for their users.
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