TL;DR
- Binance Japan users can now operate using PayPay Money without needing bank deposits, improving their daily experience.
- Linking both accounts allows moving funds with one click, with deposits from ¥1,000, withdrawals of ¥110, and daily limits of ¥1 million.
- The integration also enables the use of Points to finance crypto purchases on Binance.
Binance Japan users can now buy and withdraw cryptocurrencies using PayPay Money balances without relying on bank transfers. This change reshapes the daily routine of Japanese traders, who until now had to make deposits from bank accounts or transfer funds from external wallets to operate on the platform.
Each operation required checks, delays, and multiple steps that reduced the speed and efficiency of use. The direct connection between both platforms turns that flow into an immediate process available 24 hours a day.
Daily Limits and Point Redemption
Now users can link their accounts and move funds with a single click. Deposits can be made from ¥1,000 (around $6.50), and withdrawals carry a fixed fee of ¥110 ($0.60). Limits reach ¥1 million per day and ¥2 million per month for both inflows and outflows. If the PayPay Money balance surpasses the allowed cap, withdrawals are temporarily blocked until space is freed. The system seeks to maintain fast liquidity without losing operational control or transaction traceability.
This integration also enables the use of PayPay Points to make purchases within Binance. These points are generated through purchases paid with PayPay, cannot be withdrawn or transferred, but can be used as balance for crypto operations. Users can combine them with PayPay Money, turning everyday payments into usable balance for trading without needing additional steps.
PayPay Prepares for a U.S. IPO
In October, SoftBank —the company behind PayPay— acquired 40% of Binance Japan, strengthening its position in the digital financial services market. The group remains active in the sector and backs companies such as Twenty One Capital, which holds around 43,500 BTC and ranks among the public companies with the largest Bitcoin holdings.
PayPay is preparing for an IPO in the United States with a valuation expected to exceed $20 billion. The company aims to keep users within its ecosystem, improve operational efficiency, and offer a more direct experience for less experienced users.
