bitbank Review 2027Core Trading Conditions and Fees

bitbank review 2027: Japan's order-book specialist

bitbank was established in Tokyo in 2014 and has taken a different path from most Japanese crypto companies. Where rivals built their businesses on simple buy-and-sell screens with wide spreads, bitbank put a proper order book at the centre and let customers trade directly with one another across every listed coin. That choice has made it the most liquid venue in Japan for altcoins priced in yen, and one of the country's top exchanges by overall spot volume. For traders in Japan who care about execution cost, it is the standard choice in 2027.

Maker rebates

bitbank's fee model is unusual and central to its appeal. Makers, meaning traders whose limit orders rest in the book, receive a rebate of 0.02% on each filled trade. Takers, who remove liquidity with market or immediately matching orders, pay 0.12%. The structure rewards patient order placement and attracts professional liquidity providers, which in turn tightens spreads for everyone. A few pairs run under different promotional terms. There is also a simple sales-office screen for instant purchases, where the cost is embedded in the spread and is higher.

Listed assets and markets

Around forty coins are available, all paired with yen, and some also with bitcoin. The list includes the large-cap assets and a broader set of altcoins than several domestic competitors offer on an order book, such as XRP, which has long been one of bitbank's busiest markets. Every listing passes through the screening required by Japan's self-regulatory body. In 2024 the company added margin trading with leverage up to two times, the legal maximum, having previously been spot-only. There are no perpetual futures or options.

Trading interface

The web platform integrates TradingView charts with a full set of indicators and drawing tools, and the layout is clean and fast. Order types cover limit, market, stop and stop-limit, with post-only available for makers. The smartphone app offers the same order book and charting in a compact form and is consistently among the higher-rated Japanese exchange apps. API access with public documentation supports automated trading, and many Japanese algorithmic traders use bitbank as their main venue.

Regulation and customer protection

bitbank is registered with the Kanto Local Finance Bureau as a crypto asset exchange service provider and is a member of the Japan Virtual and Crypto assets Exchange Association. Under the Payment Services Act, customer crypto must be segregated and held overwhelmingly in cold wallets, customer yen must be entrusted to a trust bank, and both arrangements are audited each year. In the event of insolvency, customers have a statutory priority claim over their segregated crypto. Only residents of Japan can open an account.

Security standing

The exchange reports no loss of customer funds to hacking since it opened. It keeps the great majority of assets in offline, multi-signature wallets and holds ISO 27001 certification for information security management. Independent security rankings have placed it first among Japanese exchanges on several occasions. Two-factor authentication is supported by app, SMS and security key, and withdrawals to new addresses require confirmation by email.

Deposits and withdrawals

Yen deposits by bank transfer are free of charge from bitbank's side, with the customer paying any bank fee. Yen withdrawals cost 550 yen, or 770 yen for amounts of 30,000 yen and above. Crypto deposits are free, and each coin has a fixed withdrawal fee. Transfers to and from the exchange are subject to Japan's travel-rule requirements, which means the recipient or sender details must be declared and some overseas platforms cannot be used as counterparties.

Strengths and weaknesses

• Cost: maker rebates and tight spreads on a true order book.
• Altcoin liquidity: the deepest yen markets for many coins beyond bitcoin.
• Safety: no reported hack, ISO certification and Japanese segregation rules.
• Access: available only to residents of Japan.
• Products: no futures or options, and leverage capped at two times.
• Withdrawal fees: yen payouts cost more than at some competitors.

Who should use bitbank?

bitbank is the natural home for Japan-based traders who place limit orders and want low costs on altcoins. Complete beginners can use it, but will get the most value once they are comfortable with an order book.

Verdict

bitbank combines the protection of Japanese regulation with a pricing model that respects active traders. For 2027 it is arguably the best value order-book exchange in the country. Its limits are those of the Japanese market itself: a short list of coins and no access for non-residents.

bitbank review: compare the alternatives

This bitbank review is part of our Top 45 Cryptocurrency Exchanges in 2027 ranking. To compare, read the BtcTurk review and the Coincheck review.