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Bitflyer Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
bitFlyer logo
3.10
Crypto Head Rating
Visit bitFlyer

The Bottom Line

Bitflyer presents itself as a secure exchange with licenses across several key regions, offering a mix of advanced and basic trading tools suitable for a wide audience. While the platform covers an impressive range of popular cryptocurrencies and trading pairs, it also maintains a focus on regulatory compliance and security standards, positioning itself as an excellent trading option for a global clientele.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Strong security measures
  • Licensed and regulated
  • User-friendly interface
  • Multiple fiat currency support
  • Range of popular cryptocurrencies available

Cons

  • Limited selection of altcoins
  • Higher fees compared to some competitors
  • Limited educational resources for beginners
  • No crypto-to-crypto trading pairs
  • Limited advanced trading features

Quick Summary

Headquarters Location International
Fiat Currencies Supported USD, EUR + 1 other
Total Supported Cryptocurrencies 22+
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 is a notable name in the world of cryptocurrency exchanges, offering a platform that caters to both novice and experienced traders. With its origins tied to the heart of Tokyo, Bitflyer has grown exponentially to provide services across various continents, presenting a suite of tools for digital currency transactions.

bitFlyer homepage

Building from its Tokyo roots, Bitflyer has emerged as a beacon in the cryptocurrency exchange landscape, highlighting its adaptability in an ever-evolving market. This exchange has carved out a niche for itself by consistently updating its offerings and staying in tune with the needs of a diverse clientele, ranging from crypto enthusiasts dipping their toes into digital currencies to experienced traders navigating complex markets.

It’s an exchange that understands the delicate balance between providing instant access for quick trades and offering advanced platform features for those seeking more in-depth engagement with cryptocurrency trading.

About bitFlyer

Bitflyer embarked on its journey back in 2014, establishing itself amidst the burgeoning crypto industry. It swiftly gained traction by focusing on the ease of use and a secure environment for its users.

The exchange has since expanded its reach, serving clients in Europe and the United States, all while adhering to the stringent regulatory standards of each region.

bitFlyer features

The trajectory of Bitflyer has been influenced by a variety of historical milestones and market dynamics that have shaped the cryptocurrency industry. As digital currencies like Bitcoin and Ethereum have carved out their place in the financial landscape, Bitflyer has been proactive in its approach, aligning its services with the growing interests of investors and traders.

Over the years, Bitflyer has responded to the demands of the market, accommodating a multitude of virtual currencies and continuously refining its offerings to suit the sophisticated requirements of a global user base. Its growth narrative is marked by a series of well-calibrated strategies that tap into the pulse of the digital age, echoing the dynamic spirit of the 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 22 cryptocurrencies on their platform. This exchange currently supports 10 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Chainlink (LINK)
  • TRON (TRX)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Bitcoin Cash (BCH)
  • Toncoin (TON)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Filecoin (FIL)
  • Cosmos (ATOM)
  • Immutable (IMX)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Aptos (APT)
  • Stacks (STX)
  • Optimism (OP)

View all cryptocurrencies bitFlyer supports

  • BAT
  • BCH
  • BTC
  • DOT
  • ETC
  • ETH
  • FLR
  • LINK
  • LSK
  • LTC
  • MATIC
  • MKR
  • MONA
  • PLT
  • SAND
  • SHIB
  • XEM
  • XLM
  • XRP
  • XTZ
  • XYM
  • ZPG

Trading Experience

The user interface of Bitflyer is crafted to ensure seamless trading experiences for users of all skill levels. The platform’s Lightning Exchange offers advanced trading charts and tools for users seeking in-depth analysis and strategy development.

Simultaneously, the exchange provides a more basic purchase form for those who require straightforward transaction processes.

The trading experience offered by Bitflyer caters to a spectrum of traders, from those in the Trade Class of crypto newbies to the most discerning advanced traders. With active trading platforms such as Bitflyer Lightning Exchange, the exchange provides refined tools like advanced trading charts, which allow traders to analyse market trends and execute trades with precision.

For those seeking less complexity, Bitflyer offers straightforward options that facilitate instant cryptocurrency purchases and basic transactions. Whether you’re interested in a vast array of currency pairs or more-niche coins, Bitflyer’s trading platform is equipped to provide a seamless experience.

bitFlyer exchange marketing

bitFlyer Fees

The fee structure on Bitflyer is designed to be competitive and accessible. The exchange employs a tiered system that adjusts trading fees based on the user’s trading volume, ensuring that active traders can benefit from lower costs.

Users should also be aware of withdrawal fees and potential spread costs when executing trades.

The fee schedules on Bitflyer are a reflection of the exchange’s commitment to providing an equitable trading environment. The exchange’s approach to trading fees, including those for futures trading and spot trading, is designed to reward active traders without alienating those engaging in less frequent trades.

This structure ensures that whether you are conducting high-volume trades or making occasional crypto purchases, the costs are balanced and proportionate. Bitflyer is mindful of the financial implications of trading, aiming to strike a fair balance between competitive pricing and maintaining a sustainable business model.

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 compared to the industry average of 0.000075 BTC. So bitFlyer has a fee that is above the industry average by 433.33%.

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 security seriously, implementing measures that meet and often exceed the industry’s stringent cybersecurity requirements. With licenses to operate in multiple jurisdictions, the platform offers peace of mind through features such as multi-signature security and cold storage options for digital currencies.

Bitflyer’s security protocol is a testament to its dedication to safeguarding user assets. With security features that encompass both advanced cybersecurity programs and physical safeguards like cold storage devices, the exchange goes to great lengths to prevent unauthorized access and protect its clients’ investments.

Regular comprehensive risk assessments and a robust remediation plan form the backbone of Bitflyer’s security framework, ensuring that every user, from the single person making their first crypto investment to institutional investors managing substantial digital assets, can trade with confidence. The sophistication of Bitflyer’s security measures is a reflection of the cutting-edge industry standards that govern top-rated crypto exchanges.

bitFlyer Customer Support

Bitflyer’s customer support is geared towards providing timely and helpful assistance to its users. With various channels of communication, customers can expect their issues to be addressed with due diligence, ensuring a smooth trading experience.

Customer support is a cornerstone of the Bitflyer experience, reflecting the exchange’s understanding that behind every transaction is a person, possibly facing issues that require prompt resolution. Bitflyer aims to offer support that is as reliable as the platform itself, with a focus on swift and effective communication channels that address customers’ concerns in real time.

Whether it’s a question about Wire deposits or the intricacies of the registration process, Bitflyer’s customer support team is primed to assist, ensuring that customers’ journeys on the exchange are smooth and uninterrupted.

bitFlyer support

bitFlyer Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on bitFlyer

  1. 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.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • E-Wallets

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Final Thoughts

Bitflyer stands as a robust and reliable option for those looking to engage with cryptocurrency markets. Its continued commitment to compliance and user experience makes it a worthy platform for both new and seasoned crypto traders.

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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 Headshot
Written by

Crypto Technical Writer

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.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

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.

Check Adam out on: