Cryptocurrency trading has become increasingly popular, and with that comes the need for secure and efficient withdrawal processes. Whether you're cashing out in fiat currency like Japanese yen or transferring digital assets such as Bitcoin and Ethereum, understanding the correct withdrawal procedures is essential for protecting your funds and ensuring smooth transactions.
This guide walks you through the complete process of withdrawing both Japanese yen and cryptocurrencies, including step-by-step instructions, timing details, fees, and important security considerations. We'll also cover frequently asked questions to help you avoid common pitfalls.
Withdrawing Japanese Yen: Step-by-Step Process
If you're looking to convert your crypto profits into fiat and withdraw Japanese yen (JPY) from your exchange account, follow these clear steps:
- Log in to your account and navigate to the Asset Management menu located in the top-right corner of the screen.
- From the side menu, select Withdrawal.
- Choose Japanese Yen (JPY) as your withdrawal method.
- Link your bank account if not already done, enter the amount you wish to withdraw, and click the Withdraw JPY button.
- A security verification window will appear. Click Send to receive a verification code via email.
- Enter the code received in your inbox, followed by the 6-digit code generated by your Google Authenticator app.
- Click Confirm to complete the request.
Once confirmed, you’ll receive an email at your registered address stating that “the withdrawal process has been completed.” This confirms your request has been successfully submitted.
Note: If your funds are held in a CFD (Contract for Difference) account, you must first transfer them to your spot trading account before initiating a withdrawal.
👉 Learn how to securely manage your crypto withdrawals today.
JPY Withdrawal Processing Times & Fees
Understanding when your funds will arrive is crucial for financial planning. Below is a breakdown of withdrawal timelines based on amount and timing:
For Withdrawals Under 10 Million JPY
- On Business Days: Processed immediately
- Weekends or Holidays: Processed on the next business day
- Daily Limit: Up to 2 withdrawals per day
- Fee: 330 JPY per transaction (inclusive of tax)
Please note: Delays may occur due to bank maintenance or if your registered financial institution does not support extended processing hours.
For Withdrawals of 10 Million JPY or More
- Submitted Before 9:00 AM (Bank Business Day): Processed the same day
- Submitted After 9:00 AM: Processed on the next business day
- Weekends/Holidays: Automatically processed on the following business day
- Daily Limit: Still limited to 2 withdrawals per day
- Fee: 330 JPY per transaction (inclusive of tax)
These policies ensure compliance with banking regulations and enhance fund security during high-value transfers.
Withdrawing Cryptocurrency: Full Guide
Withdrawing digital assets requires extra caution due to the irreversible nature of blockchain transactions. Follow these steps carefully:
- Log in and go to Asset Management > Withdrawal.
- Select Cryptocurrency from the options.
- Choose the specific coin you'd like to withdraw from the dropdown menu.
- Click Add Address, then select Register New Address.
Fill in all required fields:
- Wallet Address: Double-check for accuracy
- Label (Optional): Use a descriptive name for easy management (e.g., “Personal Cold Wallet”)
⚠️ Important: The label field does not affect the actual transaction. However, incorrect address or tag information can result in permanent loss of funds, as most blockchain networks cannot reverse transactions.
- Complete security verification using your email and Google Authenticator, then click Register.
- Once verified, select the newly added address, input the withdrawal amount, and click Confirm Withdrawal Details.
- Finalize the transaction by passing another round of two-factor authentication (2FA).
- To track progress, click View Withdrawal History.
- If needed, you can cancel the transaction while the Cancel button is still visible on the status page.
Always test large withdrawals with a small amount first—especially when sending to a new wallet.
👉 Discover best practices for secure crypto withdrawals.
Key Security Tips for Every Withdrawal
Security should be your top priority when moving funds:
- Never share your 2FA codes or private keys with anyone.
- Use trusted devices for initiating withdrawals.
- Enable email and app-based two-factor authentication.
- Regularly review linked withdrawal addresses and remove unused ones.
- Avoid public Wi-Fi when accessing financial accounts.
Frequently Asked Questions (FAQs)
Q1: Can I cancel a cryptocurrency withdrawal after submitting it?
A: Yes—but only within a limited time window. As long as the Cancel button appears in your withdrawal history, you can halt the transaction before it’s broadcasted to the network.
Q2: Why do I need to transfer funds from my CFD account before withdrawing?
A: CFD accounts are designed for leveraged trading and do not hold actual assets. To withdraw real funds, they must first be moved to a spot account where ownership is direct and transferable.
Q3: What happens if I enter the wrong wallet address?
A: Transactions on blockchain networks are irreversible. If you send crypto to an incorrect or invalid address, recovery is typically impossible. Always double-check addresses before confirming.
Q4: How many times can I withdraw each day?
A: You’re allowed up to two withdrawals per day, regardless of amount or currency type.
Q5: Are there minimum withdrawal amounts?
A: While not specified here, most exchanges impose minimum thresholds to prevent spam and cover network fees. Check your platform’s policy for exact values.
Q6: Is Google Authenticator required for every withdrawal?
A: Yes. Two-factor authentication via apps like Google Authenticator adds a critical layer of protection against unauthorized access.
Optimize Your Crypto Experience
Managing your digital wealth involves more than just buying and selling—it requires safe, strategic fund movement. By following structured withdrawal protocols, staying alert to security risks, and understanding processing timelines, you maintain full control over your assets.
Whether you're converting gains into JPY or transferring crypto across wallets, precision and awareness make all the difference.