Rakuten Wallet, a subsidiary of Japan's Rakuten Group and a licensed crypto asset exchange operator, has expanded its services with a mobile app for cryptocurrency trading. Initially released for Android, the iOS version is now available, enabling seamless crypto transactions via smartphones.
Security Measures and Asset Protection
To ensure secure transactions, Rakuten Wallet implements rigorous safeguards:
- Segregated Trust Accounts: Customer funds are held separately from company assets in Rakuten Trust-managed accounts via Rakuten Bank.
- Cold Wallet Storage: All crypto assets are stored offline in cold wallets, isolated from internet access.
- Multi-Signature Authentication: Private keys are managed through multi-signature protocols, with two-step verification required for logins, withdrawals, and transfers.
24/7 Trading Features
The app allows users to:
- Deposit/withdraw cryptocurrencies and fiat (JPY).
- Buy/sell Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH).
- Track real-time price charts and manage portfolios.
Fee Structure
- No fees for account opening, management, or crypto purchases/sales.
Withdrawal fees:
- JPY: 300 yen per transaction.
- Crypto: 0.001 BTC / 0.01 ETH / 0.01 BCH per withdrawal.
Simplified Account Setup
Existing Rakuten Bank customers can activate Rakuten Wallet accounts by completing an online form. Future updates aim to broaden service accessibility.
👉 Explore secure crypto trading with Rakuten Wallet
Key Features at a Glance
| Feature | Details |
|---|---|
| Launch Date | August 19, 2019 |
| Supported Assets | BTC, ETH, BCH |
| Cold Wallet | Offline storage with multi-signature key management |
| Two-Step Auth | Required for critical actions |
| Operating Hours | 24/7 access via mobile app |
FAQs
Q: Is Rakuten Wallet regulated?
A: Yes, it’s registered with Japan’s Kanto Local Finance Bureau as a Virtual Currency Exchange Service Provider under the Payment Services Act.
Q: Are there fees for depositing crypto?
A: No. Crypto deposits are free; only JPY withdrawals incur a 300-yen fee.
Q: How does cold wallet storage enhance security?
A: By keeping assets offline, they’re shielded from hacking attempts.
Q: Can I trade on desktop?
A: Currently, transactions are limited to the mobile app.
Q: What future updates are planned?
A: Expanded services and more crypto assets may be added.
👉 Start trading with Rakuten Wallet today
About Rakuten Wallet
Established in March 2017, Rakuten Wallet obtained its virtual currency exchange license in March 2019 and began full-scale crypto trading services in August 2019. Its compliance with Japanese financial regulations underscores its commitment to secure, transparent operations.
Note: This article is for informational purposes only. Always verify details from official sources.
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