The majority of the locked characters in the game are unlocked by purchasing their respective movesets in Your Fighters. As such, they have been compiled into a single list of unlockables. Most unlocks listed below will be formatted as Moveset and Character. The only exceptions to this are Mr. Miyagi, who uses the Karate fight style, and Soccer, as that does not have a respective character.

Unlockable	How to unlock
Break Dance and Alfred	Purchase Break Dance for 3,000 coins in Your Fighters.
Capoeira and Battista	Purchase Capoeira for 7,000 coins in Your Fighters.
Cowboy and Mad Willie	Purchase Cowboy for 12,000 coins in Your Fighters.
Disco and Tony	Purchase Disco for 5,000 coins in Your Fighters.
Karate and Kowalski	Purchase Karate for 3,000 coins in Your Fighters.
Muay Thai and Karanga	Purchase Muay Thai for 5,000 coins in Your Fighters.
Samurai and Musashi	Defeat Musashi (last opponent) once in Story Mode, then purchase Samurai for 15,000 coins in Your Fighters.
Soccer	Purchase the Soccer Fight Style Pack for $2.99 in the PlayStation Store.
Sorcerer and Zaltor	Purchase Sorcerer for 7,000 coins in Your Fighters.
Super Hero and Bang	Purchase Super Hero for 12,000 coins in Your Fighters.
Super Heroine and S-Stacy	Purchase Super Heroine for 10,000 coins in Your Fighters.
Wrestler and Das Max	Purchase Wrestler for 10,000 coins in Your Fighters.