Rakuten Wallet Launches Spot Trading Services for Crypto Assets

Rakuten Wallet Launches Spot Trading Services for Crypto Assets

*1 An announcement about the release of the iOS app is planned to be made in early September.*2 Excluding maintenance times.*3 The smartphone app is required for depositing/withdrawing money, depositing/withdrawing crypto assets, and making transactions from an account.

OverviewService name: Rakuten Wallet

URL: https://www.rakuten-wallet.co.jp/

Service launch date: Monday, August 19, 2019

Assets handled: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH)

Security Measures:

  1. Money deposited by customers is managed separately from Rakuten Wallet’s own funds in a Rakuten Trust Co., Ltd. trust account. Crypto assets owned by Rakuten Wallet and customers are physically separated and managed, and cryptographic assets owned by customers are managed with cold wallets.
  2. Two-step authentication has been adopted to prevent unauthorized use. Two-step authentication is required when logging in, withdrawing money and withdrawing assets.

Smartphone app: Customers can make transactions for crypto asset trading accounts, such as depositing/withdrawing Japanese yen and depositing/withdrawing crypto assets, 24 hours a day, 365 days a year. Details about the app and download URLs can be found here: https://www.rakuten-wallet.co.jp/service/app_wallet.html

Fees:・Account opening – Free・Account management – Free・Purchase/sale of crypto assets – Free・Deposits of Japanese Yen – Free・Withdrawals of Japanese Yen – JPY 300・Deposits of crypto assets – Free・Withdrawals of crypto assets – BTC: 0.001 / ETH: 0.01 / BCH: 0.01

About Rakuten WalletRakuten Wallet, Inc. started a virtual currency exchange service on March 30, 2017. On September 7, 2017, Rakuten Wallet submitted an application for registration to be a “virtual currency exchange service provider” to the Kanto Local Finance Bureau, pursuant to Article 63-3 of the Payment Services Act. Rakuten Wallet completed registration as a “virtual currency exchange company” with the Kanto Local Finance Bureau, based on the Payment Services Act, on March 25, 2019. The company, formerly known as “everybody’s bitcoin Inc.,” changed its name to “Rakuten Wallet, Inc.” on March 1, 2019. Rakuten Wallet started accepting applications for accounts on April 15, 2019 for its crypto asset (virtual currency) trading service and started offering crypto asset (virtual currency) spot trading services on August 19, 2019.

*Please note that the information contained in press releases is current as of the date of release.

image by Shutterstock

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