Mercari Subsidiary Melcoin to Launch Bitcoin Trading Service

You can now buy and sell bitcoins on Mercari

Mercoin, Inc., a subsidiary of Mercari, Inc., which plans and develops crypto-asset (virtual currency)-related services, announced on the 9th that it will start a crypto-asset exchange business from the same day. For users who pass the screening, we will provide Bitcoin (BTC) trading services within the Mercari app.

Mercari, which has a total customer base of 48 million people as a C2C marketplace where you can buy and sell things, has finally entered the virtual currency trading business.

According to Melcoin, the new service that allows you to buy and sell bitcoins will be completed within the Mercari app, from application to buying and selling. Currently, applications are being accepted in stages, and users can apply in as little as 30 seconds from the Mercari app. Users over the age of 20 and under the age of 75 who have passed the company’s screening will be able to buy and sell bitcoins in a timely manner.

In addition to depositing Japanese yen from financial institutions, you can use the sales (points) earned on Mercari to purchase bitcoins in units of 1 yen. As a result, even users who refrain from investing large amounts of cash in highly volatile risk assets can start investing with peace of mind.

Melcoin separates and manages customer assets and protects them appropriately in accordance with laws and regulations. Introduce safe and secure passwordless biometric authentication (based on FIDO authentication specifications) to achieve more robust user authentication.

You can check the appraisal value and price fluctuations of Bitcoins held on your account from your Mercari My Page. In addition, the cash earned by selling bitcoins can be transferred to the Merpay balance and used for payments inside and outside Mercari.

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What is Melcoin

Mercoin was established in April 2021 as a wholly owned subsidiary of Mercari, Inc. Melcoin is developing new businesses related to cryptocurrencies, NFTs, and blockchains, and in June 2010, it obtained approval and registration from the Financial Services Agency as an exchange operator.

Mercari has formulated a new group mission to “circulate all kinds of value and expand the possibilities of everyone” for the next 10 years of growth. He started a virtual currency business with the aim of further expanding the circulation of value.

Melcoin says, “We want to make bitcoin familiar to people who have never traded cryptocurrencies before, and expand the number of cryptocurrency users in Japan.” It also intends to implement

Also, with the start of the virtual currency business, the company will implement carbon offsets according to the scale of customers’ bitcoin transactions and implement initiatives to reduce CO2 emissions.

connection:Melcoin Approved as a Crypto Asset (Virtual Currency) Exchanger

Apply from the Mercari app

The method for applying for the bitcoin trading function from the Mercari app is as follows.

1. Open My Page and select “Buy Bitcoin” under “Balance/Points”
2. Check the information on the information page and touch the “Start” button
3. Follow the application procedure to register for biometric authentication and identity verification
*If you have already registered, you can proceed to “Apply for this service”.
4. Check the important items and if you agree, check “I agree with all important items” and touch “Agree and next”
5. Enter application information
6. Check that the application information you have entered is correct, and touch “Confirm and apply”.

After completing the application for use, the transaction screen will transition to the top and transactions will be possible.

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