RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

bitFlyer

bitFlyer Exchange Review

Centralized
  • 24h Trading Volume

    2381.264 BTC
  • Establish date

    2014
  • Headquater

    Japan

bitFlyer Exchange Review

  • bitFlyer Withdraw

    Full list of fees can be found here

  • bitFlyer Fees Discount

    Lower Bitcoin trading fees for higher 30 day JPY trading volumes.

    Full details can be found here

  • bitFlyer Deposit fees

    Quick deposit through SBI Sumishin Net Bank - Free. Quick deposit other than through SBI Sumishin Net Bank and real-time transfer deposits - 324 JPY.
  • Fiat Deposit

    JP¥
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    Yes
  • Download Clients

    • Download client
    • Download client

bitFlyer Exchange Score Analysis

Bitflyer is a trusted and tried exchange, operating in Japan since 2014 and in the US since 2016. The company has never experienced an attack or loss of funds, and closely works with Japanese, American and European authorities in each one of its branches to ensure regulatory compliance – so much so that when the FSA handed Bitflyer a “business improvement” order, they have made the required adjustments to maintain their compliance, and are since not accepting new user sign-ups, while we are still waiting on news on the matter – there is no definitive date when these sign-ups may open up to the public again. Bitflyer has a welcoming website and interface, for both newcomers and veterans alike, and offer very low fees relative to their competitors, as low as zero in some parts of the exchange. However, and because of its strict compliance, Bitflyer currently only offers trading against BTC and ETH, with no new listings in sight. Although this may deter some traders, we believe as of now a smooth operation of an exchange without exposure to regulatory scrutiny is highly preferred. Another selling point for the exchange is the fact they have managed to secure not only insurance for users’ JPY deposited in their bank account, but also for their crypto assets – namely Bitcoin – a first in Japan and hopefully a trendsetter. For many customers, Bitflyer is the entry point into Bitcoin and crypto, providing a safe, insured, trusted and easy way to exchange fiat into cryptocurrency, with very low fees and the promise of working with a trusted and reputable company, also having gained the trust of multiple authorities.