There are crypto exchange platforms, but there are exceptional ones too, they offer great opportunities to users, you should never skip bitFlyers in search of one. 

The exchange platform in Japan was launched in 2014, by Goldman Sachs’s former employees Takafumi Komiyama and Yuzo Kano. Latter launched in the UK and US in the latter months of 2017.

bitFlyer is the biggest Japanese crypto exchange, it is regulated and offers virtual exchange and trading services to countries like Japan, the United States, and Europe. It is an amazing exchange platform, allowing you to buy bitcoin and other small numbers of digital currencies with the fiat currency of your choice, they accept either USD, EUR, or JPY. 

Crypto purchases are made quickly using a bank card and other payment methods that you can access; despite its popularity in Japan, bitFlyer is kept secret among US and European traders, this is due to its very low fees, responsiveness support, superb security, and suitably easy to use. bitFlyers also offers distinct services due to different regulations, making the Japanese, the United States, and European all have their versions. bitFlyer has remained a crypto newbies-friendly exchange with excellent fiat gateway exchange notwithstanding the area.

bitFlyer’s key features

Briefly, it will important to note, that bitFlyer is a top-tier exchange operating well in the key market, yet, its regulated nature is not the best for privacy-conscious users. Explained below are some of its features:

Buying and selling of Bitcoin and top Altcoins

The crypto exchange platform offers support for 5-8 popular digital currencies, including bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin cash (BCH), Polkadot (DOT), Stellar Lumens (XLM), Tezos (XTZ) and Basic Attention Token (BAT)

Low Fees

The charge rate of bitFlyer is among the lowest of other regulated exchanges, making it a great fiat gateway for enthusiastic crypto newbies as well as professionals.

Superb and excellent security

BitFlyer holds the record of being one of the top exchange platforms in the crypto-verse; it has never been hacked and complies with regulatory terms.

Margin and futures trading

Bitflyer allows Japanese customers to trade on bitFlyer’s Lightning FX Platform, this enables you to open a position with up to 4x leverage.

Easy to use

Bitflyer offers a simple interface for basic and new traders and an advanced lightning exchange for veteran investors. 

Corporate account

Investors representing institutions are allowed to apply for a corporate account; it comes with extra perks and features.

How to use bitFlyer

bitFlyer is a cryptocurrency exchange reputable for its loyal subscribers base especially professional traders and its excellence in providing beginners with friendly features.

To start bitFlyer is easy and trouble-free, these are the main steps to take when trading on bitFlyer.

Signing up

This is the first thing to do when joining bitFlyer. Here are the steps:

• Click the white Sign up button on the top right of the interface
• A new registration window appears. Fill out the form and click “Free Signup”
• A confirmation link will be emailed to your email; click it to register

Verifying KYC

After having a fully registered email, you can begin trading, however, you will not be able to access the full functions except if the KYC verification protocol is completed by you.

The KYC is an identity verification process that involves proving your identity, this is by submitting the following:

• Legal identification
• Most recent photo
• Contact information
• Proof of address
• Information on nationality

The completion of the KYC, allows you to enjoy unlimited withdrawals and deposits of either fiat or virtual currency; it also gives total access to the features of the platform.

Trading

There are two types of trading types in bitFlyer which are Instant buy and regular Buy/sell.

Instant buy

It is an option for rush buy setting, allowing you to purchase instantly crypto with your credit cards

Regular buy/sell

In this option, to purchase crypto, you have to manually deposit it to your bitFlyer account either through a bank transfer or PayPal

bitFlyer also allows you to use different exchanges such as Easy Exchange and Lightning Exchange to earn money.

It also allows you to be able to get money from your bitFlyer account and transfer it to another wallet or your bank account. A verified account has no limit of withdrawal in bitFlyer.

Pros and Cons of bitFlyer

Here is an overview of bitFlyer pros and cons. It is the same as any crypto platform having theirs.

Pros

The following are the pros:

Flexible fee-per-trade fee

Simple trades do not have any fixed fee, though other transactions have fees

There is a basic purchase form and advanced trading platforms available. Advanced users can upgrade to the professional-level lightning exchange platform in bitFlyers, though there are additional charges.

Top exchange in Japan

It is the top exchange in Japan with over more than 2.5 million users worldwide. This makes bitFlyer is the largest platform base on its users in Japan and other millions all around the globe.

Cons

The cons are:

Limited currency support

There are only a few digital currencies to trade on the platform; the coins available depend on your country of residence.

Low global visibility

It is not among the top 10 global exchanges; this can lead to lower liquidity. Due to Bitler’s lower trading volumes, it is a bit more difficult to execute trades.