Buy Solana
in Japan

Trusted by Solana buyers, you can buy and trade Solana in Japan and 100+ countries on Blocktrade without any fees easily. 

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Buy and trade
Solana in Japan
with Blocktrade without
any trading fees

Wide range of cryptocurrencies

We offer a wide range
of cryptocurrencies
to buy in Japan. Number increasing as we’re adding new coins and tokens regularly.

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in the EU

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with the Estonian Financial
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Learn More about buying Sol in Japan

How to buy Solana in Japan

Is Sol a good investment in Japan?

To decide if buying solana is a good investment, first, take a look at its history. The official token of Solana, called SOL, was released in April 2020 with a price of $0.79 per coin. In only one year, its price mounted to $260 in November 2021. It was one of the most profitable investments for people who had bought this coin at its debut. However, like any other coin on the market, Solana had fluctuations too. Although it couldn’t reach higher than $260, it became stable for a while at the price of $30 in 2022. Solana had a drop to $12 in November 2022. 

Although no one can guarantee a positive future for any cryptocurrency, many experts believe that the updates on the Solana roadmap may affect its future. Analysts have predicted the future of Solana for upcoming years and believe this coin may reach $70 by the end of 2030. Most of the experts in this field also claim it is better to think about a long-term investment while buying Solana. However, you should be aware that any incident may affect the future of a coin. Therefore, if you are a beginner in this world, it’s recommended to avoid putting all your money on a coin.

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What is Solana ?

Solana is the name of the blockchain created in 2017. Very soon after its release, it became one of the fastest blockchain networks with 2700 transactions per second. This feature made Solana very popular among people in the cryptocurrency world. To make the network more efficient, like the Cardano network, Solana also uses the proof-of-stake (PoS) technology, which also helps the network become more sustainable and scalable than the previous blockchains. Fast transactions, low fees, and low environmental impact are the benefits of the Solana blockchain.

Read more on Solana official website.

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Is Solana legal to buy in Japan?

Yes. In Japan, cryptocurrency is considered legal and regulated under the Payment Services
Act, which was enacted in April 2017. The Act defines cryptocurrency as a form of property and
also recognizes cryptocurrency as a form of asset and allows individuals to buy, sell, and hold
cryptocurrency as a means of payment. In addition, cryptocurrency exchanges operating in
Japan are subject to government regulation and must comply with anti-money laundering act
(AML) and know-your-customer (KYC) regulations.

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Is Solana taxed in Japan

Yes. According to the official Tax Answer No.1500 released by the Japanese National Tax
Agency (NTA), cryptocurrency is taxed in Japan as a form of property and profits obtained from
cryptocurrency trading will be treated as "miscellaneous income"(or zatsu-shotoku in
Japanese). This means that gains from selling cryptocurrencies will be taxed in a similar manner
to other sources of income, such as employment income. Individuals who trade
cryptocurrencies are subject to taxation on any capital gains they attain from selling their
cryptocurrency holdings. As per the Japanese Income Tax Law for Virtual Currencies, gains
from the sale of cryptocurrency are considered taxable income and may be subject to both
individual income tax and resident tax. In accordance with the two Tax Laws mentioned, the tax
rate for individuals can range from 5% to 55% depending on the amount of the gain, while the
resident tax rate is 10.21%.

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After you've bought Solana in Japan

Like any other coin in the cryptocurrency world, there are lots of ways you can consume your coins. You can use SOL to purchase something on the internet; nevertheless, the seller should accept your coin. Therefore, if you want to use SOL coins to buy something, check the brands and companies that support SOL. Additionally, you can trade your coins with an NFT. If you don’t want to spend your SOL tokens, you can keep them as an investment. SOL is assumed to be a great long-term investment.

Meanwhile, since the cryptocurrency world is so volatile, it’s better to consider an exit point for your investment. It can be a price that you consider the right price for selling the coin. Moreover, you should always keep an eye on the price of SOL, read its whitepapers, and check what experts and analysts say about it on their social media.

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Who can buy Solana in Japan?

Anyone. It is worth noting that there is no specific requirement for citizenship or residency in
Japan for purchasing digital assets, so foreign individuals can also buy cryptocurrency in the
country. In order to buy cryptocurrency in Japan, it is advised to research and choose a
reputable cryptocurrency exchange that operates in Japan and supports the cryptocurrency you
want to purchase. For this matter, our exchange is legal, safe, and supports a wide range of any
desired cryptocurrency while providing you with various payment options to choose from like
Apple Pay, Google Pay, credit card, debit card, bank transfer, and PayPal. Plus, we charge no
exchange fees for these secure transaction services.

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Buy Solana at your ease

Payment methods to buy Solana in Japan

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

GET STARTED

Just 3 easy steps to your first investment in Solana

Sign up and verify
your account

Make your first
deposit

Start your
investment journey

FAQ

Frequently asked questions

Like any other cryptocurrency, you can use Solana coins to trade different things on the internet, purchase products, play online games, or keep the coins for future sale as an investment.

Yes. According to the Virtual Currency Tax Guideline pamphlet by the Japanese National Tax
Agency (NTA), in Japan, using cryptocurrency to pay for goods or services is subject to
consumption tax (消費税). This tax is imposed on the value of the goods or services being
purchased, and the rate varies depending on the type of goods or services. For example, the
standard rate for most goods and services is 8%. This means that if you purchase an item for
100,000 yen and pay with cryptocurrency, you will be required to pay an additional 8,000 yen in
consumption tax. It’s important to note that the seller is responsible for collecting and remitting
the consumption tax to the government, but as a buyer, it’s good to be aware of this tax
obligation.

According to the official Tax Answer No.1500 in Japan, there are currently no tax-free
cryptocurrency transactions. All cryptocurrency transactions, including buying, selling, and using
cryptocurrency to pay for goods or services, are subject to either capital gains tax or
consumption tax, or both. The Japanese National Tax Agency considers cryptocurrency to be a
form of property, and as such, any gains from selling cryptocurrency are taxed as capital gains.
Additionally, using cryptocurrency to purchase goods or services is subject to consumption tax.
It’s important to consult with a tax professional for more information on specific tax obligations
and to ensure compliance with Japan’s tax laws.

You can select an exchange wallet to buy Solana. The process is straightforward and depends on the wallet you choose. Normally, you should sign up and create an account on an exchange like Blocktrade, then start buying SOL.

It’s difficult to estimate the exact number of people in Japan who own crypto assets, but it was
estimated by some sources that in Japan, about 4.0%, which would be around 5 million of its
population, owned some form of cryptocurrency. However, these numbers can change rapidly
due to frequent movements in the crypto market.

On the list of the fastest cryptocurrencies, Bitgert is the fastest blockchain. However, that doesn’t mean Bitgert is better than Solana, there are other factors that you need to consider while buying a crypto.

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