Fellow Binancians,
As part of the process to migrate to the new Binance Japan platform, the Binance global platform has been discontinued for residents in Japan as of 2023-12-01. Binance global accounts have been set to “Withdrawal Only” mode for Japan resident users who have not passed Binance Japan verification. Please rest assured that your funds are secure.
Users may proceed to Binance Japan verification procedure when the verification process resumes after 2023-12-02. Once the verification is complete, users will be able to migrate to Binance Japan and access Binance Japan services. Do note that users should withdraw all impermissible assets before they proceed to Binance Japan verification.
After Migration
For users who have migrated to Binance Japan, they may start using services provided by Binance Japan starting from 2023-12-02. Users may find their permissible tokens in their Binance Japan Spot Wallets.
Users’ WBETH and BETH balances will be converted to ETH whilst other impermissible assets will be converted to BTC over the next few weeks based on market rates. Thereafter, the corresponding BTC and ETH assets will be credited to users’ Binance Japan Spot Wallets. Users may check the token distribution history via Wallet > Transaction History > Distribution. No further announcement will be posted.
Banking channels will also be exclusively available for Binance Japan users to deposit Japanese Yen (JPY) and buy crypto with JPY on the platform.
Note that since Binance Japan operates separately from Binance Global, Binance Japan assets will not be included in Binance Global’s “Proof of Reserves” calculations.
Should you have any further questions, please reach out to customer service via in-app CS chat. Select “Unresolved” > “Forward to Customer Service” to initiate a chat with a CS agent.
Note: Where any discrepancy arises between the translated versions and the original Japanese version, the Japanese version shall prevail.
Thanks for your support!
Binance Team
2023-12-01
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Note: Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning
Crypto assets are not "legal tender" whose value is guaranteed by the government, such as the Japanese Yen or Dollar. They are electronic data exchanged over the Internet.
Crypto assets can incur losses due to price fluctuations. You may lose money if the price of a crypto asset plummets or suddenly becomes worthless.
Crypto assets may not trade at the price or volume you ordered due to market conditions or liquidity fluctuations.
Cryptographic assets may lose their value due to the failure of the blockchain or other recording mechanisms.
If the login information used for electronic authentication is compromised, a third party may misuse that information, which could result in losses to you.
If you use a self-managed wallet, etc. and lose your private key or password, you may not be able to use the cryptographic assets you hold and may lose their value.
Although the Company manages users' assets separately from the Company's assets, in the event of the Company's bankruptcy, the Company may not be able to return the deposited money or cryptographic assets.
Cryptographic assets may be used for payment in lieu only with the consent of the person receiving payment in lieu.
The price of crypto assets varies between the purchase price and the sale price.
