You can start buying crypto assets as soon as the money you deposited appears in your wallet. Depending on network conditions, it may take some time for the amount to appear.
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You can check the previous rates of a crypto asset (including those that you received through promotions) by tapping the asset on the LINE BITMAX home screen and scrolling back to a specific time.
The rate displayed is the price between the buy and sell price.
Note:
- The buy and sell price differ due to the spread cost.
- Buy and sell price rates are not shown.
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Crypto asset rates are always changing, so there may be fluctuation when buying/selling coins. Be sure to check the current price before placing an order.
Note: When you place a market order, the rate will be fixed for five seconds and the time remaining will appear at the top of the screen.
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An insider is someone who has or is likely to have crypto asset-related information.
Crypto asset-related information refers to anything having to do with undisclosed important information related to LINE BITMAX or regarding crypto assets handled or intended to be handled by LINE BITMAX, as well as information that could affect one's decision to purchase, sell, or trade crypto assets.
For example, the following types of people are likely to be insiders:
1) An issuer or manager of a crypto asset handled by LINE BITMAX
2) An associated company (as defined in article 8.8 of the "Regulation for Terminology, Forms and Preparation of Financial Statements") of a person described in 1)
3) A major shareholder of 1) or 2)
4) An officer of 1) or 2)
5) A person who formerly qualified as 4) within one year
6) A spouse or cohabitant of 4)
7) An employee of 1) or 2)
8) A major shareholder, officer, or employee who conducts crypto asset-related trading for business (regardless of registration or whether they are in Japan or abroad)
If you qualify as an insider, you cannot make transactions using crypto asset-related information. LINE BITMAX monitors for insider trading and other inappropriate transactions, and will alert or warn users if it is determined that any such activity has occurred. We also reserve the right to limit trading or cancel accounts at our discretion.
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In order to confirm that you are the one making a trade, you may be asked to enter your LINE Pay passcode depending on the details and amount of the trade.
If you purchase a crypto asset that is equal to less than the crypto asset's minimum trading unit, the amount will be rounded off.
Example: If you buy Bitcoin (BTC) for JPY 1 and the price of one BTC is JPY 7, 064, 000, the purchase quantity will be calculated as JPY 1 ÷ JPY 7, 064, 000 = 0.00000014156... Since the minimum BTC trading unit is to the eighth decimal place, the quantity you hold will be rounded off to BTC 0.00000014.
For information on trading limits and fees, see here. (Only available in Japanese.)
The following limits are set for buying/selling crypto assets.
Limits per transaction
For information on the limits for buying/selling crypto assets, see this Help article.
Minimum trading amount
You cannot sell your crypto assets if the amount that you hold is worth less than 1 JPY when converted to Japanese yen at the current sell price.
Note: The buy and sell prices of crypto assets on LINE BITMAX include spread (transaction costs).
Example: If you hold BTC 0.00000014 and the sell price of one BTC is JPY 5,000,000, then the amount converted into Japanese yen after the sale is calculated as BTC 0.00000014 × JPY 5,000,000 = JPY 0.7. Since the amount of BTC you hold is worth less than JPY 1, it cannot be sold.
For information on restrictions when trading FINSCHIA (FNSA), see here. (Only available in Japanese.)
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Once you've finished selling your crypto assets, the amount of Japanese yen that you sold them for will be reflected in your LINE BITMAX account. You can then withdraw the Japanese yen to your LINE Pay balance, your bank account linked with LINE Pay, or PayPay.
For details about the different methods of withdrawing your Japanese yen balance, see the following Help articles.
FAQs
FINSCHIA
Service
Account
Identity verification
Deposit/withdraw money (JPY)
Buy/sell crypto assets
Send/receive crypto assets
Margin trading
Exchange
Crypto Asset Lending Service
Taxes/Trade report
Security
Other
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