bitFlyer Review

bitFlyer Logo

bitFlyer is a Japanese cryptocurrency exchange that enables clients to trade several digital currencies, such as Bitcoin, Ethereum, Bitcoin Cash, and more, using various trading platforms. The Exchange has over 2 million registered users and over $250 billion processed transactions. There are different trading account options with a required minimum deposit of $100. Traders are also provided with some trading tools and educational resources. There is a client support team is on hand to assist traders.

bitFlyer Review Introduction

In this bitFlyer review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including bitFlyer.

bitFlyer Platforms & Tools

The Exchange provides traders with the bitFlyer Lightning platform, which is a proprietary trading platform that is designed for professional users. The platform has a simple and well-defined user interface with excellent functionalities to ensure a smooth trading experience and ease of use. Traders are also provided with the bitFlyer mobile app for Android and iOS devices, which can be downloaded from the relevant app stores and used to trade on your smartphones. The mobile app enables you to quickly access your account, place trades, and manage them even while on the go, as long as they are connected to the internet.

bitFlyer Review Trading Platform
bitFlyer Review Trading Platform

Traders can make use of some useful trading tools, including the Blockchain LAB, Trading API, Bitcoin Charts, and more. These tools are provided to enable traders to get the best out of their trading.

bitFlyer Research & Education

There is a vast array of educational resources on the broker’s website to help improve clients’ trading knowledge. They include the news section that keeps traders updated on the latest happenings in the financial markets; a trading glossary that contains a range of trading terms along with their detailed explanations; trading blogs; articles; and an FAQ section.

bitFlyer Review Bitcoin Charts
bitFlyer Review Bitcoin Charts

bitFlyer Trading Accounts

The Exchange allows traders to open a live trading account as an individual or a corporate entity. Please note that multiple account types are not permitted for a single user. The account requires an initial deposit of $100 and offers a leverage of up to 1:4.

bitFlyer Account Funding

Traders can deposit and withdraw funds to and from their trading accounts using any of the following payment methods: ACH bank transfer, internet banking, wallet app, and convenience stores. Some payment methods may not be available in specific countries, while the transaction processing time may vary depending on the payment method used.

bitFlyer Customer Service

The Exchange’s client support team is available 24/7 to respond to clients’ inquiries via email and social media.

bitFlyer Regulation

There is no regulatory information on the Exchange’s website at the moment. Lack of regulation is a deterrent to most potential traders and investors as unregulated crypto exchanges do not guarantee the same level of protection as the regulated ones.

bitFlyer Review Summary

bitFlyer is a digital currency exchange that offers access to trade cryptocurrencies through the provided trading platforms. Clients are provided with some useful educational resources and trading tools, while a client support team is on hand to assist them. The minimum deposit required to operate an account is $100, and no commission is charged on trades. However, there is no regulatory information on the Exchange’s website at present.

It is worth mentioning that some of the trading products and services in this bitFlyer review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the bitFlyer broker website which you can visit by using the link below.

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.

bitFlyer

6

Spreads

7.5/10

Liquidity

7.5/10

Commissions

7.5/10

Support

7.5/10

Regulation

0.0/10

Features

  • An intuitive trading platform
  • A selection of trading and learning materials
  • Multiple cryptocurrencies