Review on bitFlyer by Fanuel PORPORTY
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 to create a cryptocurrency trading platform on par with a Wall Street Trading system. When big banks, hedge funds and other high volume traders want to buy cryptocurrency, many of them choose BitFlyer.
The Lightning Exchange offers Spot and FX Futures Trading. The trading tools, margin trading, crypto derivatives and fast execution professional traders seek are provided.
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
