Japanese online casino players can often choose between the US dollar or their home currency, the Japanese yen, when playing online. However, while it may be tempting to use what is essentially the currency of the world, there is no shortage of top JPY online casinos for you to choose from if you know where to look. Doing so will see you escape currency conversion fees, amongst other things.
The Japanese yen (¥) or JPY was first introduced in the late nineteenth century, during the Meiji Restoration. Founded by the Bank of Japan in 1882, its value has varied over the last century. Today, it is the third-largest reserve currency, after the euro and US dollar. It is also the third most traded currency globally, making it a major option for online casinos across the net.
Allow us to introduce you to the perks of using Japanese yen when betting online and a few of those top sites as you read on.
Japanese yen is a widely used currency in the online casino world. Not only is it accepted with players in Japan in mind, but many players based elsewhere in Asia can also turn to this familiar currency to gamble. Of course, the primary users of the currency are Japanese, and many casinos which cater almost exclusively to those in the multi-island nation take JPY as their currency of choice. Listed here are all the major online casinos that accept JPY as one of their currency options and actively provide payment methods where it can be used.
Online gambling in Japan is not as clear cut a sector as you will find in other countries. Skill games are effectively legalised in the country, while luck-based games are currently described as illegal. While there are over 20,000 gambling halls in Japan, there are no brick-and-mortar casinos. Online gambling (sports betting and lottery games) is considered legal by the Japanese Government, while online casino games fall into a grey zone.
To date, there is no legal status for online casino gambling in Japan. While Japan has not yet set up a gambling authority to license and regulate internet casinos, nor have they made moves to actively ban foreign casinos from catering to players in the country. This means that all the Japanese yen online casinos you can find are based and licensed outside the country. However, even amongst these, gameplay in Japanese is common, the JPY currency is accepted, and many payment methods are geared towards players in the country.
If you are based in Japan, there are pros to using Japanese yen in online casinos.
Because online casino gambling falls into a grey zone in Japan, it is worth making sure that you understand exactly what a top casino should and should not offer. After all, the Japanese themselves do not regulate online casinos. Our team is exceptionally skilled at doing this, and we will now share with you some of the things we look for in great JPY online casinos. They include:
As touched on, many top casinos cater to Japanese players and do so with the Japanese yen currency. What you need now is to find a payment method that also accepts the currency. Any of the following payment methods are extensively used by Japanese casino players, and while cryptocurrencies are not specific to Japanese yen players, they, too, are regularly accepted. Options include:
Note that some Japanese casinos accept e-wallets such as Skrill and Neteller; this will not be the case for all of them. Therefore, it is always worth checking out these options at our JPY online casinos before you commit to playing at them.