SBI VC Trade

Overview of SBI VC Trade

SBI VC Trade, a virtual currency exchange based in Japan, was founded in 2016. It is registered as a cryptocurrency exchange with the Japanese Financial Services Agency (FSA), ensuring compliance with regulatory requirements.

The exchange offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH). Traders can access the platform through a web-based interface or a mobile app, providing convenience and accessibility.

In terms of deposit and withdrawal methods, SBI VC Trade allows users to make transactions through bank transfers as well as cryptocurrency deposits and withdrawals. This provides flexibility for users to manage their funds according to their preferences.

Pros and cons

Security

SBI VC Trade prioritizes security measures to ensure the protection of users' funds and personal information. The exchange implements industry-standard security protocols, including encryption technology and two-factor authentication, to safeguard user accounts from unauthorized access.

Cryptocurrencies available

SBI VC Trade offers a variety of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH).

VCTRADE APP

VCTRADE Mobile is a user-friendly trading app suitable for both novice and experienced users. Its intuitive interface facilitates stress-free trading, providing a smart design and Japanese language support. Users can easily grasp their profit and loss status at a glance. The app ensures smooth spot and leverage trading through a straightforward operation screen. It grants convenient access to essential functions, including account management, buying and selling, deposits/remittances, and customer notifications.

To download the app, visit the respective app store on your mobile device, search for “VCTRADE Mobile,” and follow the installation instructions for easy access to its trading features.

How to open an account？

The registration process of SBI VC Trade typically involves the following steps:

Visit the official website of SBI VC Trade and click on the “Open a new account” button.

2. Fill out the registration form with the required information, including your name, email address, and password.

3. Verify your email address by clicking on the verification link sent to your registered email.

4. Provide additional personal information, such as your residential address and phone number.

5. Complete the KYC (Know Your Customer) process by submitting identification documents, such as a valid passport or driver's license.

6. Once your registration and KYC information have been verified and approved, you will receive a confirmation email, allowing you to log in and start trading on the platform.

How to Buy Cryptos？

Buying Crypto on SBI VC Trade:

Login: Access your SBI VC Trade account and navigate to the “Trade” section.

Choose your Crypto: Select the cryptocurrency you want to buy (e.g., Bitcoin, Ethereum).

Spot or Margin: Decide between “Spot Trading” for immediate purchase or “Margin Trading” with leverage (borrowed funds).

Order Type: Choose your order type:

Market Order: Buy at the current market price.

Limit Order: Buy at a specific price you set (might not execute immediately).

Stop-Loss Order: Sell automatically if the price falls below a specific point.

Enter Amount: Specify the amount of crypto you want to buy (in currency or crypto units).

Review & Confirm: Double-check your order details and confirm the purchase.

Funding: Choose your funding method:

Yen Deposit: Transfer JPY from your linked bank account.

Crypto Transfer: Deposit existing crypto from another wallet.

Complete Purchase: Once funded, the crypto will be credited to your SBI VC Trade wallet.

Fees

Here is SBI VC Trade's Fee Structure:

Account Management Fee:

Spot Trading: No account opening fee, no account maintenance fee.

Leveraged Trading: No account opening fee, no account maintenance fee.

Transaction Fee:

Spot Trading: Free for sales transactions.

Leveraged Trading: Free for exchange (Maker/Taker) fees.

Loss Cut Fee:

No loss cut fee for both spot and leveraged trading.

Leverage (Open Interest) Fee:

The current leverage fee rates apply for leveraged trading.

Deposit/Withdrawal Fee (Japanese Yen):

Deposit Fee: Free.

Withdrawal Fee: Free.

Handling Fees for Cryptocurrency Storage/Delivery (Receipt/Sending):

Storage (Receipt) Fee for Crypto Assets: Free.

Shipping (Sending) Fee for Crypto Assets: Free.

When receiving crypto assets at SBI VC Trade, customers are responsible for the delivery fee, including the cost for posting on the blockchain, when sending instructions from other exchanges or wallets.