Binance Japan has partnered with PayPay Corporation to launch a new integration solution with PayPay Money.
The initiative will allow Binance Japan crypto asset spot trading users to purchase cryptocurrency using funds deposited from PayPay Money and top up their balance with the proceeds from selling the assets. They can also use PayPay Points combined with PayPay Money to fund crypto purchases by presetting ‘use for payments’ in the app.
The PayPay Money linkage solution
Until recently, crypto purchases and withdrawals on Binance Japan’s asset spot trading were limited to JPY transfers via domestic bank account or deposits, and withdrawals through external exchanges or wallets. However, with the new launch, users can execute both deposit and withdrawal procedures with a single click when buying or selling crypto assets on the exchange, enabling a simple trading experience available 24/7/365, starting from USD 6.40 (JPY 1,000).
To activate the PayPay Money integration, users have to enable the linkage with PayPay Money via the ‘PayPay’ icon displayed in the Biance Japan crypto asset spot trading app. As Binance’s subsidiary, the platform began offering services in the country in 2023, offering secure and easy-to-use trading spaces for users. Leveraging modern technology and a broad product lineup, Binance Japan serves a wide array of traders, from first-time users to experienced ones, gaining support as a service that makes crypto assets more accessible.
The solution is available for eligible users, meaning those who have completed identity verification of the app and on PayPay, and also consented to account connection. The linkage service is available 24/7, with deposits being free with a minimum of USD 6.40 (JPY 1,000), while withdrawals cost USD 0.70 (JPY 110) and follow the same minimum, both subject to PayPay limits, including balance caps, daily and monthly thresholds, and the option to cancel account linkage at any time.
