The Japanese yen (JPY) is the official currency of Japan which is an island nation of 127 million inhabitants that is situated in Eastern Asia.
The yen is the third most traded currency in the world.
Aside from being accepted throughout Japan, the yen is also widely accepted by many online businesses including international betting sites despite the fact that most forms of gambling are illegal in Japan and also Japan betting sites or Japan gambling sites.
Japanese online bettors do not need to really worry as the authorities have very little interest in penalizing players.
The government doesn’t even concern themselves with banning foreign betting sites.
Some online sportsbooks even offer their customers the ability to bet with JPY although its availability as a betting currency falls well short of the euro and the US dollar.
Best Japanese Yen Betting Sites in 19 January 2022 – Updated List
Who can use the Japanese Yen when Making Sports Bets?
Anyone can bet in JPY as long as the bookie offers it as a betting option. If you use a YEN bookmaker then you can deposit either yen or another currency that would be converted into yen by the bookie.
Credit/debit/prepaid cards and eWallets are an easy way to do this. Punters can use bank transfers to fund their JPY bookmaker account and those with cash in hand can use a wire transfer service too.
If you do not use a Japanese yen bookmaker you can still most likely deposit using JPY. The betting site will simply convert the funds into a supported betting currency.
What Bookmakers Allow you to Bet with JPY?
While betting with yen is not an option that is offered as widely as some other currencies, there are still a few Japanese yen sportsbooks around. Pinnacle and 18Bet are among the most respected Japanese yen sportsbooks. Cash Point and 1Bet2Bet also facilitate betting with yen as do Mansion and Sportingbet.
For Japanese punters, Gamblingjudge.com recommends 63 other bookmakers that accept JPY betting deposits but these sites require betting in other currencies like USD and euros.
Are there any Betting Bonuses in JPY?
At this time there are no bonuses in JPY advertised at Gamblingjudge.com but there are plenty of bonuses available for punters who deposit with yen. These bonuses are generally credited in currency equivalent.
Be sure to visit Gambling Judge to find these and more valuable bonuses and find out more about other currencies available for gambling, like Czech Koruna CZK.
What is the Minimum Deposit and Withdrawals when Using Yen?
There are no universal minimums or maximums for deposits or withdrawals. These limits depend entirely on the bookmaker and the payment processor. The limits on deposits and withdrawals will almost certainly differ between bookies even when using the same payment method.
A punter that uses Skrill, for example, will find that the deposit and withdrawal limits will differ from bookie to bookie. Punters should check with their preferred JPY bookmaker to find out what limits apply to them.
Frequently Asked Questions
Whether a Japanese site is safe to bet at depends on where it is licensed. Those licensed (and regulated) out of reputable jurisdictions, and that offer player protections such as responsible gambling tools are always safe for players.
Yes and no. Ultimately, this will depend on the site you choose to play at. All Japanese betting sites are inherently offshore sites, and some of those permit cryptocurrency deposits, while others do not.
Top betting sites should be licensed, regulated, offer an array of betting options, provide fast payouts, and decent and fair bonuses. You can save yourself the trouble of looking for this information by choosing one of our recommended Japanese yen sites.
Again, instant withdrawals are a feature that vary from site to site. How fast a Japanese bookie processes your winnings depends on the site itself, but also the payment providers it supports. E-wallet and cryptocurrency withdrawals are always going to be faster than bank transfers, for instance.