The unit of Bitcoin is BTC, and the price of 1 BTC is 6,593,667 yen (as of November 25, 2021). You may find it difficult to buy 1 BTC, but you can buy in units of 1 or less. Especially with Coincheck, you can purchase all the virtual currencies handled from 500 yen. You can invest a small amount without worrying about the price of the virtual currency itself, so if you start with a small amount, check the minimum investment amount of the exchange and select a business.

Exchanges where you want to open an account with virtual currency (cryptocurrency) /
Bitcoin investment
It introduces exchanges that recommend opening an account with virtual currency (cryptocurrency) / Bitcoin investment. Also, limiting the number of businesses to open to one is unnecessary. It is desirable to open multiple exchanges, so if there are numerous deals that you are interested in, consider opening various trades.
Coincheck is an exchange owned by Monex, Inc., a major securities company, and handles 17 currencies, the highest level among domestic sales. Since you can invest 500 yen in all currencies dealt with, even beginners can easily support it.
Bit flyer is an exchange that boasts one of Japan's most significant trading volumes. In the exchange format, where you can purchase virtual currency at a low cost, users will trade with each other, but the advantage is that the more transactions you have, the easier it is to complete a transaction.
GMO Coin is an exchange operated by the GMO Group, which is also involved in Internet security. It is an exchange that is active in handling new currencies and started trading MonaCoin in December 2021.

How to invest in virtual currency (cryptocurrency) / Bitcoin ── Procedure for opening an exchange account
If you want to buy Bitcoin and other virtual currencies, you need to open an account on the exchange, and you only need to follow four steps to prepare for trading.

Prepare necessary documents such as identity verification documents.
First, prepare the documents necessary for opening an account. Generally, the following documents are required.

• Documents related to bank accounts such as passbooks
• Identity verification documents (My Number card, driver's license, etc.)
You will need an account to deposit money to purchase virtual currency and an identity verification document with a photo of your face. However, depending on the exchange, documents other than the above may be required, so check the terms and conditions of the sale in advance.

② Perform the procedure at the exchange
After preparing the necessary documents, fill in the items required for opening an account on the exchange's official website and perform the procedure. Please note that you may be asked for your e-mail address or phone number for this verification or registration, and if you enter it incorrectly, you will not be contacted by the exchange. If there are no problems with the required documents and entries, you can start trading according to the instructions of each sale.

③ Deposit Japanese Yen from your bank account to the exchange
If you can open an account on the exchange, deposit Japanese yen from your bank account and prepare funds to purchase virtual currency. There are three main deposit methods.
• Quick deposit
• Bank transfer
• Convenience store deposit
Quick deposit is a hassle-free and free deposit fee depending on the exchange. If you have an account with a financial institution affiliated with a business, you can use it, so it is recommended to register a bank account that supports quick deposits.

④ purchase virtual currency
Once the deposit to the bank account is completed, you can purchase the virtual currency, but there are two types of purchases of virtual currency: exchange format and sales office format. The exchange format is a transaction format that matches users who want to buy and sell virtual currency through the exchange, and the sales office format is a format that allows you to purchase virtual currency from a virtual currency seller. Fees vary depending on the purchase format, so check which price is lower before starting a transaction.

Cryptocurrency (cryptocurrency) / Bitcoin and law ── Defined by the Fund Settlement Law

In Japan, the definition of virtual currency is set in the "Funds Settlement Law (Funds Settlement Law)" that regulates the fund transfer business other than the banking business, such as cash vouchers and electronic money. While e-commerce is electronic data based on legal tender and is only used by specific companies and services, virtual currency is defined as having a role similar to legal tender with property value. Ing.

Cryptocurrency (cryptocurrency) / Bitcoin and tax ── If profit exceeds 200,000 yen, a final tax return is required

As for the virtual currency tax in Japan, the profit and loss of trading of virtual money are classified as miscellaneous income according to the National Tax Agency's " Calculation method of income related to virtual currency (information) " announced in December 2017. If the profit exceeds 200,000 yen, a final tax return is required (330,000 yen or more for dependents such as housewives and students). If there are multiple transactions, the income is calculated for each transaction, and the total for one year is declared as the amount of income. This total income amount is calculated by the "moving average method," which calculates income by averaging the purchase amount and balancing each virtual currency purchased. The total purchase amount is calculated based on the average purchase rate for one year. A "total average method" calculates the difference (income) between the total amount of sales and the total amount of sales.

Definition of virtual currency (cryptocurrency)
Cryptocurrency is a type of digital currency developed using cryptographic technology and can be used as a consideration for goods or services among an unspecified number of people and companies on the Internet. The Funds Settlement Law legally defines virtual currencies as follows.
• When purchasing, borrowing, or providing services, can use it for unspecified persons to pay these prices, and it is bought and sold to unknown persons. A property value that can be transferred using an electronic information processing organization
• A property value that. Can exchange with unspecified persons for mutual exchange with those listed in the previous item can be transferred using an electronic information processing organization.