BitFlyer Review

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BitFlyer is a popular cryptocurrency exchange available in Japan, the United States, and Europe. It offers access to popular assets like Bitcoin. BitFlyer has low fees, excellent customer support, and security. It is a top choice for beginner traders who want to invest in digital assets. 

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Review Summary:  

  • BitFlyer has a transparent fee structure with competitive commissions. 
  • It offers a beginner-friendly interface and an advanced platform for professional traders. 
  • It offers many account tiers, including corporate accounts. 

BitFlyer Overview: 

BitFlyer is a leading exchange in Japan. Launched in 2014, it is available today in the United States and Europe. It has top-tier licenses, low fees, and highly secure platforms. BitFlyer USA has competitive fees for US residents.

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Trading Experience 

The BitFlyer exchange offers advanced and beginner-friendly platform interfaces. Its website is clean and easy to learn. The main dashboard reveals useful data in the account’s default fiat currency. BitFlyer Europe offers the Instant Buy service for credit/debit cards and iDeal funding options. 

The BitFlyer mobile app is available on iOS and Android. It is an excellent trading platform to make trades, fund accounts, and deposit Bitcoin. It is fully responsive and enables trading on the go. It is an advanced trading platform for traders at all levels.

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Cryptocurrencies Available  

BitFlyer offers a diverse crypto portfolio. The main digital coins available to buy and sell are: 

  • Bitcoin 
  • Ethereum 
  • Litecoin 
  • Ethereum Classic 
  • Bitcoin Cash 
  • Monacoin 
  • Lisk 
  • Ripple 
  • Basic Attention Token 
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Fees  

BitFlyer exchange has some of the lowest fees in the industry. Deposit and withdrawal fees are average. Trading fees vary depending on your location. The main BitFlyer fees are:

  • BitFlyer US has a maker/taker fee of 0.12%; 
  • BitFlyer Europe has a maker/taker fee of 0.20%; 
  • BitFlyer Japan has a maker/taker fee of 0.15%. 

Various trading fees apply for altcoin and Bitcoin market buys. Withdrawal fees vary depending on the funding method you opt for. It is best to read the fee structure available on BitFlyer’s main website. 

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Regulation & Reputation  

BitFlyer is a trustworthy crypto exchange. BitFlyer USA complies with mandatory laws under the New York Department of Financial Services. BitFlyer Europe is registered with the Luxembourg Trade and Companies Register. It has a top-tier license from the CSSF (Commission de Surveillance du Secteur Financier.) 

This cryptocurrency exchange uses SSL encryption, a web application firewall, and a multi-signature Bitcoin address. It recommends to all BitFlyer account holders use all the available account safety measures. 

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Account Opening  

Account opening at BitFlyer exchange is simple. Users have to be citizens/residents of the supported regions (USA, Japan, or Europe.) All accounts have to pass verification under the Know Your Customer rule. Users have to submit the following: 

  • A copy of ID or passport 
  • Proof of address 
  • A picture of you 
  • Nationality 
  • Phone number 
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Customer Support  

The BitFlyer lightning exchange has trustworthy and knowledgeable customer support. The team is very responsive and answers the query in 24 hours. BitFlyer customer support is available via a contact form on their official website. This exchange offers a valuable FAQ section. 

Summary  

BitFlyer is a popular cryptocurrency exchange with a competitive fee structure. It offers personalized services depending on the area you live in. BitFlyer stands out because of its impressive safety measures and top-tier licenses. It is a good fit for both beginners and advanced traders. 

FAQ  

We review crypto exchanges with real accounts and money. Our findings depend on 105 criteria, including safety, licenses, and ease of use. 

What Is A Centralized Exchange? 

A centralized crypto exchange represents a private institution offering access to trading platforms. It allows users to invest in digital coins. These exchanges request registration, known as the Know Your Client Rule.

What Is A Decentralized Exchange? 

A decentralized exchange represents a provider that has no central point of control. It works as a server, but each device within the network operates in different countries. If one computer malfunctions, it doesn’t interfere with the network’s activity. Decentralized exchanges don’t have top-tier licenses from a regulatory body. If you opt for a decentralized exchange, you should understand the risks. Read our in-depth reviews to learn more about exchanges and safety.

Is BitFlyer Centralized Or Decentralized? 

BitFlyer is a centralized crypto exchange managed by a private company under strict rules. It has top-tier licenses and an excellent track record.

How Long Does It Take To Verify A BitFlyer Account? 

BitFlyer has a fast verification process done in up to 5 minutes. But it is worth mentioning that this quick verification depends on the accuracy of the data you submit. Make sure you upload a clear picture of your ID and face.


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Methodology 
Business24-7 aims to help those interested in cryptocurrency make safe and informed investing decisions. We are dedicated to offering our readers unbiased reviews of leading cryptocurrency exchanges for traders at all levels. Cryptocurrency exchanges are included in our reviews if they are safe, liquid, regulated by proper authority, or decentralized. 

Disclaimer:
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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