Pros
Cons
Quick Summary
| Headquarters Location | International |
|---|---|
| Fiat Currencies Supported | USD, EUR + 1 other |
| Total Supported Cryptocurrencies | 6+ |
| Trading Fees | 0.08% - 0.10% |
| Deposit Methods | Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Paypal, E-Wallets |
| Support | Facebook, Twitter, Help Center Articles, Support Ticket |
| Mobile App | Yes - iOS, Android |
Bitflyer stands out in the world of cryptocurrency exchanges by offering an approachable platform suitable for both novice and expert traders alike. Originating in Tokyo, its reach now spans continents providing services encompassing tools to facilitate digital currency transactions.
Bitflyer has quickly grown beyond its Tokyo roots to become one of the leading cryptocurrency exchanges, demonstrating its resilience in an ever-evolving market. The exchange has distinguished itself by regularly updating their offerings to meet clientele needs from crypto enthusiasts just starting their cryptocurrency journey to veteran traders navigating complex markets.
Exchange that understands the balance between instant access for quick trades and advanced platform features for those seeking greater involvement with cryptocurrency trading.
About bitFlyer
Bitflyer began its journey back in 2014, quickly making an impression within the cryptocurrency industry. Focusing on ease-of-use and providing secure environments for its users quickly saw this company gain traction in an explosive market.
Since its inception, the exchange has steadily expanded its service offerings to clients both in Europe and America while upholding regional regulatory requirements.
Bitflyer has been guided by historical milestones and market conditions that have shaped the cryptocurrency industry. As digital assets such as Bitcoin and Ethereum established themselves within financial landscape, Bitflyer took proactive steps in meeting investor and trader demand by aligning its services to match investors’ and traders’ evolving interests.
Over time, Bitflyer has evolved in response to market needs by accommodating various virtual currencies and continually refining its offerings to meet the sophisticated requirements of global user bases. Its growth narrative is marked by well-designed strategies that tap into digital age pulse and mirror its dynamic spirit – an echoing spirit which also can be found throughout Cryptocurrency Industry.
bitFlyer has a number of active social profiles including Facebook, Twitter, LinkedIn and YouTube.
bitFlyer has a mobile app on both the Apple App Store and Google Play.
bitFlyer Supported Cryptocurrencies
bitFlyer supports trading on over 6 cryptocurrencies on their platform. This exchange currently supports 4 of the top 30 market cap cryptocurrencies.
View all cryptocurrencies bitFlyer supports
- BCH
- BTC
- ETH
- MONA
- XLM
- XRP
Trading Experience
Bitflyer’s user interface has been designed to ensure an easy trading experience for traders of all skill levels, with Lightning Exchange providing advanced charts and tools for in-depth analysis and strategy development.
Concurrently, an exchange offers more streamlined buying processes for those seeking simpler transactions.
Bitflyer provides an unparalleled trading experience to traders at every level – from crypto novices in Trade Class to sophisticated professionals using Lightning Exchange platforms such as Bitflyer Lightning Exchange with advanced trading charts that allow them to closely follow market movements and execute trades accurately.
Bitflyer provides straightforward cryptocurrency purchasing options to make the transaction experience simpler for anyone seeking a simplified experience. Their trading platform supports an impressive variety of currency pairs and coins for seamless trading experiences.
bitFlyer Fees
Bitflyer offers an easily affordable fee structure, using a tiered system to adapt trading fees based on user trading volumes – this ensures active traders can reap lower costs by participating in increased trading volumes.
Users should also be mindful of withdrawal fees and any possible spread costs when engaging in trades.
Bitflyer’s fee schedules reflect their commitment to creating an equitable trading environment, with futures trading fees designed to reward active traders without alienating those engaging in less frequent trades.
Bitflyer strives to strike an equitable balance between competitive pricing and maintaining a sustainable business model when it comes to trading costs, whether conducting high-volume trades or making occasional crypto purchases. They take careful note of any financial implications when trading and strive to strike an equitable equilibrium for every customer who comes through our service.
| Type | Fee |
|---|---|
| Deposit Fee (Bank Transfer) | Free |
| Deposit Fee (Credit/Debit Card) | 2.5% |
| Trading Fee | 0.08% - 0.10% |
| Withdrawal Fee (Bank Transfer) | $0 - $20 |
bitFlyer supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0004 BTC. The average across all other exchanges that we've reviewed is 0.000539 BTC. This means bitFlyer charges below the industry average by 25.76%.
bitFlyer has a maker/taker fee schedule which you can see below.
bitFlyer Fees (JPN)
| Trading Volume (30 Day) | Lightning Spot Fee | Instant Buy/Sell Fee |
|---|---|---|
| Less than 100,000 JPY | 0.15% | None |
| 100,000 to 200,000 JPY | 0.14% | None |
| 200,000 to 500,000 JPY | 0.13% |
bitFlyer Fees (USA)
| Trading Volume (30 Day) | Lightning Spot Fee | Instant Buy/Sell Fee |
|---|---|---|
| $0 to $50,000 | 0.10% | None |
| $50,000 to $500,000 | 0.09% | None |
| $50,000 to $1 million | 0.08% | None |
bitFlyer Fees (EU)
| Trading Volume (30 Day) | Lightning Spot Fee | Instant Buy/Sell Fee |
|---|---|---|
| €0 – Less than €1 million | 0.20% | None |
| €1 million – Less than €10 million | 0.15% | None |
| At least €10 million | 0.10% | None |
Security - Is bitFlyer Safe?
Bitflyer takes cybersecurity very seriously, employing measures that meet or surpass industry regulations. Our platform operates legally in multiple jurisdictions while offering peace of mind through features like multi-signature security and cold storage options for digital currencies.
Bitflyer’s security protocol demonstrates its commitment to safeguarding user assets. Equipped with both advanced cybersecurity programs and physical safeguards such as cold storage devices, Bitflyer goes the extra mile in protecting its clients’ investments from unauthorised access and safeguarding client investments.
Regular comprehensive risk analyses and an aggressive remediation plan form the backbone of Bitflyer’s security framework, guaranteeing every user from first-time crypto investors to institutional investors with substantial digital assets can trade securely. Bitflyer’s advanced security measures reflect industry best practices governing top rated exchanges.
bitFlyer Customer Support
Bitflyer’s customer support aims to offer timely and helpful assistance to its users. Through various communication channels, customers can expect their issues to be dealt with expeditiously to ensure a pleasant trading experience.
Customer support is at the core of the Bitflyer experience, reflecting their understanding that every transaction involves people facing issues which require prompt resolution. Their aim is to offer support that matches up with the platform itself by creating swift and effective communication channels to address customers’ issues in real-time.
Bitflyer’s customer support team stands ready to answer all inquiries related to Wire deposits or registration on its exchange, making sure customers’ experiences on it run as smoothly and seamlessly as possible.
bitFlyer Support Channels
How to Sign Up on bitFlyer
- Create Account - Visit the bitFlyer website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
bitFlyer Alternatives
Binance
Total Supported Cryptocurrencies
386+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
244+
Trading Fees
0.08% - 0.40%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
320+
Trading Fees
0.08% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
Bitflyer provides an efficient and trustworthy platform for those wishing to engage in cryptocurrency markets. Their commitment to user satisfaction makes them an attractive platform suitable for novice as well as veteran cryptocurrency traders.
bitFlyer User Reviews
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Methodology
At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.
About The Authors
James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.
His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.
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Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
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