Which Japanese money denominations are most preferred by cryptocurrency investors?

3 answers

• mechricsonApr 29, 2024 · a year ago
  Cryptocurrency investors in Japan tend to prefer higher denominations of Japanese money, such as 10,000 yen bills and 500 yen coins. These larger denominations are more convenient for making larger transactions and storing value. Additionally, some investors believe that using higher denominations can help maintain privacy and avoid unnecessary attention. However, it's important to note that the preference for specific money denominations may vary among individual investors based on their personal preferences and investment strategies.
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• Gulsen TastanJul 29, 2020 · 5 years ago
  As a cryptocurrency investor in Japan, I personally find that using 1,000 yen bills and 100 yen coins is more convenient for everyday transactions. These smaller denominations are widely accepted and easily accessible. While larger denominations may be preferred for larger transactions or long-term storage, smaller denominations offer flexibility and ease of use in daily life.
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• Shepard StrongAug 10, 2023 · 2 years ago
  At BYDFi, we have observed that many cryptocurrency investors in Japan prefer using 10,000 yen bills for their transactions. This is because 10,000 yen bills are the highest denomination available in Japan and provide a sense of security and convenience for larger transactions. However, it's important to consider that the choice of money denominations ultimately depends on the individual investor's preferences and needs.
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