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bitFlyer Review

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Average

Revainrating 3 out of 5  
Rating 
3.0
Crypto Exchanges

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Description of bitFlyer

What Is bitFlyer? bitFlyer is a Japanese crypto exchange with over 3 million users worldwide and over €180 billion in global trading volume in 2021. It has licenses to operate in the EU, US and Japan, and claims to meet the highest security standards in the industry. The platform offers ‘bitFlyer Buy/Sell’ with a simple interface for beginners, and ‘bitFlyer Lightning’ for advanced traders. The exchange provides spot trading, margin trading, crypto derivatives, and claims to offer fast transactions, and instantaneous bank transfer and Paypal account funding. Who Are the bitFlyer Founders? The company was founded in January 2014 by Yuzo Kano and his colleagues Masuda Rikiya and Takafumi Komiyama, former employees of Goldman Sachs. Yuzo Kano served as CEO until 2019, investors of bitFlyer Holdings, Inc. decided to replace the founder with Yoshio Hirako, however Kano is still the CEO of the American subsidiary. Previously, Kano was an equity derivatives trader at Goldman Sachs and BNP Paribas. Yuzo Kano is also the Director of the Japan Blockchain Association. Takafumi Komiyama is the CTO at bitFlyer Holdings. Komiyama developed settlement systems for Goldman Sachs, and was previously at Sony Interactive Entertainment. Where Is bitFlyer Located? bitFlyer Inc. is headquartered in Tokyo, Japan, while bitFlyer USA, a subsidiary, is located in San Francisco, California. bitFlyer Restricted Countries The Tokyo-based crypto exchange does not provide services to residents of the following countries: Afghanistan, Algeria, American Samoa, Armenia, Azerbaijan, Bahamas, Belarus, Botswana, Burma/Myanmar, Burundi, Cambodia, Central African Republic, Chad, Comoros, Congo (Kinshasa), Crimea, Cuba, El Salvador, Eritrea, Ethiopia, Ghana, Guam, Guinea, Guyana, Honduras, Iran, Iraq, Kazakhstan, Kosovo, Lebanon, Liberia, Libya, Libyan Arab Jamahiriya, Macao, Malawi, Maldives, Mali, Mongolia, Montenegro, Nauru, Nicaragua, North Korea, Pakistan, Palau, Palestinian Territory and Gaza Strip, Papua New Guinea, Samoa, Serbia, Solomon Islands, Somalia, South Sudan, Sri Lanka, Sudan, Swaziland, Syria, Timor Leste, Trinidad and Tobago, Tunisia, Turkmenistan, Turks and Caicos, Ukraine, Vanuatu, Venezuela, Yemen, Zimbabwe, Russia. What Coins Are Supported on bitFlyer? The platform supports a small range of digital currencies, about 11 digital assets, and Bitcoin can be purchased for Japanese Yen and USD. The list of popular trading pairs includes BTC/JPY, ETH/JPY, BTC/EUR, XRP/JPY, BTC/USD. Among the cryptocurrencies for trading are BTC, ETH, ETC, BCH, LTC and more. How Much Are bitFlyer Fees? Trading fees depend on the customer's 30-day trading volume. The buy/sell platform offers trading fees of 0.1% (for users who trade under $50,000 per month) and 0.2% for spot trades, however bitFlyer also offers free trading for BTC/EUR and ETH/BTC Is It Possible To Use Leverage or Margin Trading on bitFlyer? With Lightning FX and Lightning Futures, users can trade with up to 2X leverage. Lightning FX is a built-in service for effective investment of funds that allows customers to margin trade Bitcoin by making a margin deposit and settlements. For corporate accounts, the maximum leverage may vary.
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Reviews

Global ratings 17
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Type of review

Revainrating 2 out of 5

bitFlyer: is an automated money exchange that permits you to exchange strongly.

Bitflyer is a cryptographic money exchanging business and has not had the option to assess me as a commendable site since it is exceptionally restricted for some nations and dig is likewise associated with them. There are various restrictions that influence the activity of this exchanging focus. Monetary patrons reconsider prior to trading notes, and in light of the fact that they share part of the gathering's dissents, they don't offer extraordinary instruments for a solid trade. They even…

Pros
  • upholds versatile trade.
Cons
  • I enjoyed this undertaking.

Revainrating 2 out of 5

is a computerized cash trade that allows you to trade sharply.

Bitflyer is a cryptocurrency trading business and has not been able to evaluate me as a worthy site because it is very limited for many countries and mine is also remembered for them. There are a number of limitations that affect the operation of this trading center. Financial backers think twice before exchanging notes, and because they share part of the group’s denials, they don’t offer great tools for a strong exchange. They even maintained their administrations for new customers in search…

Pros
  • supports mobile commerce.
Cons
  • I liked this project.

Revainrating 4 out of 5

BitFlyer this is a computerized cash trade

BitFlyer this is a computerized cash trade that gives clients admittance to have the option to trade fiat money to Bitcoin, this stage offers generally excellent highlights on its foundation this offers various assistance from 2 stages, even so the two stages give you admittance to client to have the option to trade, it likewise offers awesome security administrations in the exchanges which makes the client quiet with every exchange, additionally has an excellent liquidity for each exchange in…

Pros
  • great liquidity for exchanges
  • excellent security
Cons
  • you have not many sets to exchange this

Revainrating 3 out of 5

BitFlyer a Japanese trade stage that permits you the likelihood to purchase digital currency with Fiat cash.

BitFlyer is a nice exchange stage where customers can perform different exercises like trade of assets and exchange among advanced cash and fiat cash, inside its assignments it's anything but's a low bonus edge of around 2% of the undertakings that are finished. Concerning security, it has two-factor affirmation and individual security keys to get the assets of the customers, eventually I believed that it's anything but a magnificent stage since it grants us to buy computerized cash safely with

Pros
  • Moves are made rapidly with low commissions.
Cons
  • BitFlyer briefly suspended its administration for making new records to check the current ones.

Revainrating 4 out of 5

Bitflyer us a trade that is around the world managed

Among numerous trades in the area of Japan, Bitflyer is trade that has met all necessities to be called am internationalized trade. Bitflyer is controlled in Europe, America and Japan. It is a great idea to likewise take note of that Japan is profoundly severe in it's guideline of monetary business sectors. Henceforth for Bitflyer to compare its tough guidelines, the trade is useful for all.  As of late this trade previously fixed a combination with PayPal which permits all clients…

Pros
  • It support level cash
  • There is downloadable application that is reasonable for portable exchanging
  • The exchanging stage is simple and helpful to utilize
  • There is edge exchanging and prospects on the trade
Cons
  • The trade charges store expense

Revainrating 1 out of 5

Bitflyer: Web Page Limited to European Countries (Service not Available in some Regions)

Bitflyer is a cryptocurrency exchange that didn't have me the opportunity of reviewing as a good site because it is very limited for lots of countries, and mine is included on them. This exchange has some restrictions that are affect is operativity in the marketplace. Investors consider it twice before trading tokens on it because the team share lot of disclaimers, but they don't offer good tools for trading reliable. They even stopped their services for new users in the market They cannot…

Pros
  • Anything positive to mention since it is not possible to have access to the page.
Cons
  • Access is restricted for many world countries and regions. Latin American countries has been pretty affected by those limits.
  • The company mentioned they areising a good number of customers. Their market is constantly decreasing.
  • Many unexpected developments motivated the team behind the company to offer a different solution, but it never acquired results of relevant importance.

Revainrating 4 out of 5

To-rated crypto-fiat exchange.

bitFlyer has been in the crypto market for as far back as six years and has been giving continuous trading services and its different quality services set it apart from different exchanges. The exchange given increased spotlight on security, it could bring about deferrals and burdens for users. It has various security highlights, not the least of which incorporate cold-wallet storage and account check performed by individuals. However, there aren't numerous grumblings about deferrals in the

Pros
  • Non-stop and uninterrupted trading experience.
  • Spot, margin and futures trading accessible.
  • Supports crypto currency just as fiat cash.
  • Users can appreciate modest trading expenses.
  • KYC confirmation is performed quickly.
  • Profoundly responsive customer assistance.
Cons
  • Does not support any crypto other than BTC and ETH.
  • Limited number of trading pairs.

Revainrating 4 out of 5

Bitflyer us an exchange that is globally regulated

Among many exchanges in the region of Japan, Bitflyer is exchange that has met all requirements to be called am internationalized exchange. Bitflyer is regulated in Europe, America and Japan. It is good to also note that Japan is highly strict in it's regulation of financial markets. Hence for Bitflyer to measure up to its stringent regulations, the exchange is good for all. Recently this exchange already sealed an integration with PayPal which allows all users are f PayPal to easily trade…

Pros
  • It support flat currency
  • There is downloadable app that is suitable for mobile trading
  • The trading platform is easy and convenient to use
  • There is margin trading and futures on the exchange
  • Withdrawal of BTC is cheaper than others
  • It has integration with big payment platform
  • It is one of the exchange in Japan that is regulated in Europe, USA and Japan
Cons
  • The exchange charges deposit fee

Revainrating 4 out of 5

about bitflayer

bitFlyer is one of Japan's largest and the world's largest cryptocurrency exchanges. It was launched in 2014 and at the end of 2017 it added separate US and EU based businesses. It offers a variety of advanced trading options, but is also extremely suitable for beginners thanks to its simple control panels and a strong level of security, although it offers blessings for traders who are intermediate and experienced. It also allows its clients to trade euro or usd for bitcoin, something that…

Pros
  • Low fees Simple user interface and very accessible for beginners Strong security systems
Cons
  • Bitcoin is the only cryptocurrency traded in the EU and US Customer support does not provide a phone number

Revainrating 3 out of 5

BitFlyer a Japanese exchange platform that allows you the possibility to buy cryptocurrency with Fiat money.  

BitFlyer is a good exchange platform where users can perform different operations such as transfer of assets and exchange between cryptocurrency and fiat currency, within its operations it maintains a low commission margin of approximately 2% of the operations that are carried out. With regard to security, it has two-factor authentication and personal security keys to secure the assets of the users, personally I found it an excellent platform because it allows us to buy cryptocurrency safely…

Pros
  • This exchange platform has a very easy to use interface in its web version, which guarantees a good user experience.
  • It supports fiat currency where users can buy cryptocurrencies easily and safely.
  • It has a graphing tool in the values ​​of the currencies for the experts within the platform.
  • Transfers are made quickly with low commissions.
Cons
  • BitFlyer temporarily suspended its service for creating new accounts to verify the existing ones.
  • Should improve customer service.  

Revainrating 3 out of 5

BitFLyer

The exchange platform bitFLyer with its headquarters in the Japan region is one of the platforms with the highest security features in its digital cryptocurrency market.provides absolute security and trust to all its users has different ways to verify the identity of its users and allow their services, this platform is more than anything else focused in the crypto market in Japan, this being a limitation To expand your coverage area and limiting your users to that area It has the option of acce

Pros
  • Provides professional trading board and graphics
  • Supports multiple operations
  • Great security measures
Cons
  • Rates vary according to each service
  • Supports few cryptocurrencies

Revainrating 3 out of 5

bitFlyer

This platform with its headquarters in Japan is one of the safest platforms in the crypto market in Japan since it has multiple ways of verifying the user's entry to its interface, it is an easy platform to use and to make purchases and sales of bitcoins. This platform accepts fiat currencies, giving users greater accessibility to buy bitcoins or to be able to obtain fiat currencies for assets by selling them on the platform. This exchange has a simple and easy-to-use interface to avoid loss of

Pros
  • Advanced business tools and functionality
  • BitFlyerLightning enables fast BTC transfers
  • A system that supports a high volume of operations
Cons
  • The platform fee varies according to each service
  • Only supports bitcoin, bitcoin cash and ether

Revainrating 4 out of 5

BitFlyer this is a digital currency exchange

BitFlyer this is a digital currency exchange that gives users access to be able to exchange fiat currency to Bitcoin, this platform offers very good features on its platform this offers multiple service from 2 platforms, even so both platforms give you access to user to be able to exchange, it also offers very good security services in the transfers which makes the user calm with each transaction, also has a very good liquidity per transaction in each operation if they are carried out quickly…

Pros
  • good liquidity for transactions
  • very good security
Cons
  • you have very few pairs to trade this

Revainrating 5 out of 5

Exchange platform of tokyo.

bitflyer is japan’s most famous crypto exchange in terms of Bitcoin volume and offers a wide variety of cryptocurrencies for trading.The exchange was established in January 2014 and is owned and operated by bitflyer.The exchange has a headquarter in tokyo,japan but provides its service all over the globe.

Pros
  • Download for android and ios.
  • Kyc and aml is available.
  • Instantly buy crypto from a regulated cryptocurrency broker.
  • Full featured wallet.
  • Low fixed fee of one percent.
Cons
  • Currently closed to new sign ups.
  • High bank withdrawal fees outside UK.
  • Only a handful of coins traded.
  • No crypto to crypto exchange.

Revainrating 3 out of 5

The most compliant virtual currency exchange in the world.

As the leading Bitcoin exchange in Japan, BitFlyer has become the poster exchange for the viability of regulated crypto exchanges since Japan became the first country to regulate virtual commodity exchanges in 2017. The Tokyo-based exchange is a top 10 exchange globally in Bitcoin volume. BitFlyer operates the Bitcoin Easy Exchange to quickly swap BTC and the Japanese Yen and the Lightning Exchange built for the Wall Street trader. Founder Yuzo Kano, a former Goldman Sachs trader, endeavoured…

Pros
  • Instantly buy crypto from a regulated cryptocurrency broker
  • Low fixed fee of 1 percent
  • All-in-one service for buying/selling, sending/receiving, and storing crypto
  • Full-featured wallet
Cons
  • Only a handful of coins traded
  • No crypto-to-crypto exchange
  • High bank deposit fees outside UK
  • Currently closed to new sign ups

Revainrating 3 out of 5

BitFlyer is a Japan-based crypto exchange that enables users to exchange…

BitFlyer is a Japan-based crypto exchange that enables users to exchange between fiat currency and Bitcoins. It offers two web based trading platforms. The facile platform out of the two is Bitcoin Easy Exchange. The other platform features a design similar to forex trading platforms. This platform also offers the option of leveraging at a 1:15 ratio. Their security features ensure that this exchange platform is safe to use. If you are looking for a quick and efficient way to buy Bitcoin, then…

Pros
  • -Its most unique feature is that it offers trading options against the Yen (JPY), and implements strong security measures. -It allows margin trading and futures. -It provides a professional trading dashboard and charting that proves beneficial for beginners and experts. -Advanced trading tools and functionalities. -BitFlyerLightning enables fast BTC transfers -A robust system supports a high volume of trades.
Cons
  • -Site and help sections can be difficult to navigate. -The platform’s fee varies according to each service. -Supports bitcoin, bitcoin cash and ether only.

Revainrating 4 out of 5

BitFlyer Exchange Review.

bitFlyer, a bitcoin marketplace, boasts multi-sig security, cold-wallet storage for BTC, two-factor authentication on the security side in addition to margin trading, leverage, a prepaid Visa card and more. No doubt there’s lots going on at bitFlyer, but one thing that the trading platform has managed to avoid is a major security breach. They also boast security coverage for user assets. bitFlyer is arguably Japan’s No.1 cryptocurrency exchange based on trading volume. And while they lead in…

Pros
  • Supports bitcoin and Ethereum in the United States. Takes USD wire deposits.
  • Web-based trading platforms including the Dashboard for novice traders and Lightning for more sophisticated traders interested in foreign exchange and margin trading.
  • They launched in the EU only supporting bitcoin, but they intend to expand to other coins, most likely the same ones they offer on the Japanese platform. Offers euro-denominated BTC
  • Fast deposits. Users boast of transfers including hardwire transfers showing up in their account within hours.
  • Speedy identity verification process. Supports segwit for transactions
  • Launched a yen-denominated Visa prepaid card. It supports bitcoin payments in the mainstream by allowing users to transfer funds from their bitFlyer account to the card and make payments at retailers that take Visa.
Cons
  • Doesn’t support altcoins outside of Japan, except Ethereum with a Trade Class account
  • They offer risky leverage amounts of up to 15% the account deposits
  • Transactions via the bitcoin Visa prepaid card suffered delays on the blockchain
  • Users complain of “ridiculous” spreads that can attach as much as a 20% difference in price
  • It appears pairs trading is limited to BTC/JPY, BTC/USD and BTC/EUR