bitFlyer is a cryptocurrency exchange that is licensed in the US, EU, and Japa. They offer easy access to trade a wide variety of digital assets, such as Bitcoin, Ethereum, Bitcoin Cash, and others, through an intuitive trading platform. There are multiple trading and learning tools available to assist traders.
bitFlyer Review, Pros & Cons
- An intuitive trading platform
- A range of useful trading tools
- Educational resources
- Unregulated exchange
- No MetaTrader platforms
- Limited trading products
- Limited funding options
- No telephone or live chat support
In this detailed bitFlyer review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Founded in 2014, bitFlyer is one the largest bitcoin exchanges in the world by volume, transacting $250 billion to date and with over 2 million registered users. They provide traders with a sophisticated trading platform for trading several digital currencies online. There are different account options available to clients. Traders are also provided with a range of useful trading tools and educational resources.
There is no regulatory information on the Exchange’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The Exchange offers its services to residents of countries and jurisdictions where the use of such services would not contradict any local law or regulation.
Some bitFlyer features and products mentioned within this bitFlyer review may not be available to traders from certain countries because of legal restrictions.
The Exchange provides traders with the bitFlyer Lightning platform, a trading platform designed for the professional user. It has a simple and refined user interface with excellent usability and functionality. There is also the bitFlyer mobile app that is compatible with Android and iOS devices to enable traders to get access to the markets even while on the move.
bitFlyer Trading Tools
The Exchange provides traders with a range of useful trading tools that are geared towards enhancing their overall trading experience. They include the Blockchain LAB, Trading API, Bitcoin Charts, and more.
The Exchange’s website has a good selection of educational resources that are aimed at improving clients’ knowledge of crypto trading whilst keeping them in the know on the latest happenings in the financial markets. The resources include News, Glossary, Blogs, Articles, and an FAQ section that offers instant answers to clients’ most common inquiries.
The Exchange offers the following digital assets: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Monacoin, Stellar Lumens, and more.
bitFlyer Accounts & Fees
Traders are offered the option of creating an Individual or Corporate account. Please note that multiple account types are not permitted for a single user.
As broker fees can vary and change, there may be additional fees that are not listed in this bitFlyer review. It is imperative to ensure that you check and understand all of the latest information before you open a bitFlyer broker account for online trading.
Traders are provided with a professional-client support team that is available 24/7 and can be contacted via Email and Social Media.
bitFlyer Deposit & Withdrawal
bitFlyer allows traders to deposit and withdraw funds from their trading accounts using any of the following payment methods:
- ACH Bank Transfer
- Internet Banking
- Wallet App
- Convenience Stores
bitFlyer Account Opening
Opening a trading account is easy from the Exchange’s homepage; you are only required to fill in your email address, confirm you are not a robot, and then click on the ‘Sign Up for Free’ button.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
bitFlyer is a cryptocurrency exchange that provides traders with an intuitive trading platform for trading several digital assets online. Clients are provided with a good selection of educational resources and trading tools. There are multiple account options available to clients.
The risk of loss in the exchange of crypto assets can be substantial, and therefore you should understand the possibility of losses associated with the exchange of crypto assets and must assume responsibility for all the risks associated with such exchanges and for their results.