Table of Contents
1. Introduction
2. Deposit and Withdrawal of Japanese Yen
- How to Deposit Japanese Yen
- Deposit Fees for Japanese Yen
- Time for Deposits to Reflect
- How to Withdraw Japanese Yen
- Withdrawal Fees for Japanese Yen
- Time for Withdrawals to Reflect
3. BitBank Registration and Usage
- Registering with BitBank
- Using the BitBank App
- Choosing the Bank for Deposits and Withdrawals
- Precautions for Transfers to SBI Sumishin Net Bank
- Asset Page and Balance Display
4. Conclusion
Deposit and Withdrawal of Japanese Yen
How to Deposit Japanese Yen
To deposit Japanese yen into your BitBank account, follow these steps:
1. Open the BitBank app on your Android smartphone.
2. Select "Deposit" on the left side of the app.
3. Choose "JPY" (Japanese yen) from the options.
4. Information about the prospective bank will be displayed.
5. Press the dots on the right and select the desired bank.
6. Follow the instructions provided by the app to complete the deposit process.
It's important to note that deposits to BitBank can only be made through bank transfers. Convenience store deposits are not possible. If you prefer to make a convenience store deposit, you will need to use another exchange.
Deposit Fees for Japanese Yen
The deposit fees for Japanese yen vary depending on the bank you use. BitBank supports two banks: GMO Aozora Net Bank and Sumishin SBI Net Bank. If you transfer money between the same banks, there is no fee. However, if you transfer money from one bank to another, a fee will be charged. The specific fee amount will depend on the banks involved in the transfer.
Time for Deposits to Reflect
Deposits made in Japanese yen will be reflected in your BitBank account on the next business day. If the deposit is made on a weekend or holiday, it will not be reflected until the following weekday. For example, if you make a deposit on a Friday, it will be processed on Monday.
How to Withdraw Japanese Yen
To withdraw Japanese yen from your BitBank account, follow these steps:
1. Open the BitBank app on your Android smartphone.
2. Select "Withdraw" on the left side of the app.
3. Choose "JPY" (Japanese yen) from the options.
4. Enter the withdrawal amount and review the withdrawal details.
5. Follow the instructions provided by the app to complete the withdrawal process.
Withdrawal Fees for Japanese Yen
The withdrawal fees for Japanese yen depend on the amount being withdrawn. If the withdrawal amount is less than 30,000 yen, the fee will be 550 yen. For amounts exceeding 30,000 yen, the fee will be 770 yen.
Time for Withdrawals to Reflect
Similar to deposits, the time for withdrawals to reflect in your account is usually the next business day. If the withdrawal falls on a weekend, Sunday, or holiday, it will be reflected on the following weekday.
BitBank Registration and Usage
Registering with BitBank
If you haven't registered with BitBank yet, you can do so by following these steps:
1. Watch the registration video provided in the summary section below the YouTube video.
2. Click on the link to the video and follow the instructions to complete the registration process.
Using the BitBank App
Once you have registered with BitBank, you can start using the app to manage your account. The app provides a user-friendly interface and allows you to perform various actions, including deposits, withdrawals, and checking your asset balance.
Choosing the Bank for Deposits and Withdrawals
When depositing or withdrawing Japanese yen, you have the option to choose the bank you prefer. BitBank supports GMO Aozora Net Bank and Sumishin SBI Net Bank. Make sure to select the bank that suits your needs and preferences.
Precautions for Transfers to SBI Sumishin Net Bank
If you decide to transfer funds to SBI Sumishin Net Bank, there are a few things to keep in mind. When making the transfer, you will see an alphabet and number displayed as part of the transfer holder's name. It's crucial to enter this information correctly to ensure the deposit is reflected in your account. If you forget to enter these details, the deposit may not be processed. In case of any issues, contact BitBank for assistance.
Asset Page and Balance Display
After completing a deposit or withdrawal, you can check your asset balance on the BitBank app. The app will display the amount of Japanese yen you have in your account, providing you with an overview of your financial status.
Conclusion
In this article, we covered the process of depositing and withdrawing Japanese yen using the BitBank app. We discussed the steps involved in depositing and withdrawing funds, as well as the associated fees and processing
