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Cryptogambling / bitFlyer Review

Bitflyer Review – Is bitFlyer trusted? 2024

What is Bitflyer?

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User Reviews 6

Bitflyer has been considered as the best crypto exchange in Japan for 6 years now; however, our experts have created this mini-review to see how it appeals to the UK market. Currently, Bitflyer offers users the chance to invest and trade major cryptocurrencies both online and via a dedicated app. Fees are kept low and transactions are swift, making for a very enjoyable user experience.

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bitflyer review
Bitflyer: Pros & Cons
  • Simple registration process
  • Full account access via a dedicated app
  • Low fees
  • Limited major cryptos available
Payment Methods
Bitcoin
License
CSSF - Financial Sector Supervisory Commission
Accepts Customers from
Players from United States of America not accepted
Website
bitflyer.com
Overall Rating
Rating follows
  • New Customer Offers
    3.8/5
  • Usability
    3.9/5
  • Available Account Types
    3.6/5
  • Trading Platforms
    3.9/5
  • Payments
    3.6/5
  • Customer Service
    3.9/5
  • Regulation & Deposit Insurance
    3.6/5
Rob Schiffer
26/07/2023
professionalism above all
"Excellent tool for anyone who wants to obtain quality and easy-to-view information on the development of cryptocurrencies. The app is wonderful"
Elizabeth
19/07/2023
good but no fees pls
"good site and with good usability, without major complications."
User Rating
4.3/5
6 User Reviews
5 Stars
66.7%
4 Stars
16.7%
3 Stars
0.0%
2 Stars
16.7%
1 Star
0.0%
Last Updated on 11/06/2024

What can you trade on Bitflyer?

Invest in major cryptocurrencies, such as Bitcoin, Litecoin and Ethereum or trade fiat-to-crypto pairings that include BTC/EUR, BTC/JPY and ETH/EUR.

Bitflyer user experience

When visiting Bitflyer you’ll notice that blues and whites compliment the design and layout to create a calming experience. All text is easily readable and all key areas of the site can be found within one or two clicks. Sign-up and verification can be completed within 5 minutes and the trading platform is about as streamlined as they come, too, making the whole user experience extremely straightforward.

Bitflyer account types

Standard Account The base account at Bitflyer requires basic KYC to be passed before traders are free to buy and sell many top cryptocurrencies. Generally, this is better suited to long holders and investors.
Bitflyer Lightning For “sophisticated traders” who are looking to get in and out of the market fast, place traders in real-time and make use of charting tools to capitalise on market movement.

Bitflyer trading tools

Charting tools Any users that opt to make use of Bitflyer lightning will be able to personalise and adapt their chart to suit their own strategies and preferences.
Recurring buys Investors looking to regularly top up their crypto investments can do so automatically by setting up recurring daily, weekly, monthly ot bi-monthly buys.
Blog As far as additional resources go, the Bitflyer blog will offer up plenty of interesting guides and articles on the crypto world today.

Bitflyer review of payments

Bitflyer likes to promote the use of PayPal when making fiat to crypto transactions; however, traders can also utilize bank transfers. Of course, for those of you who already hold digital assets, you can directly transfer them to your respective Bitflyer crypto wallets.

Bitflyer review of fees

Minimum deposit £1
Deposit fee Free
Inactivity fee N/A
Account fee N/A
Maximum leverage 1:2 (Lightning users only)
Overnight fee N/A
Minimum withdrawal £10 or 0.0014 BTC incl. fee

Bitflyer customer service

Support is accessible at the bottom of your screen and will open up a whole host of important answers to various questions. If the FAQs do not help with your concerns, you can open up the inquiry form, submit a request and receive a response within 24 hours.

Is Bitflyer safe and regulated?

Bitflyer is fully licenced to operate in the EU and offers up a rigorous registration process that adheres strictly to the KYC and AML process. No trades can be completed without full verification, all funds are kept offline and players are encouraged to set up 2FA, too.

Does Bitflyer have an app?

Yes, Bitflyer users can unlock the same great experience detailed above on their mobiles, courtesy of dedicated iOS and Android apps.

Bitflyer review FAQ

How many registered traders use Bitflyer?

Currently, Bitflyer has over 3 million active email addresses

Can I unlock any bonuses at Bitflyer?

Yes, Bitflyer has a great referral program that fights players with £10 when a referral deposits £100.

Can I deposit using my debit or credit card?

No. As it stands, the methods mentioned earlier are the only way to deposit using fiat.

Bitflyer review - conclusion

So, is Bitflyer in the running to be crowned the best crypto exchange 2024? Well, in our eyes, it certainly isn’t far off. The limiting factor is the lack of available cryptocurrencies; however, Bitflyer certainly excels in all other areas of our mini-review. We specifically feel that its mobile accessibility, fees and commitment to player safety and fund security are what really help it to stand out from the crowd.

User Reviews for bitFlyer

4.33/5 – 6 User Reviews
  1. Really good
    Tom

    Good app and no problems with withdrawals.

    No credit card as deposit option
  2. This is the real deal
    Richard Keating

    I’ve been cashing in on major cryptos with them. Big wins, low fees,

    i have no complaints
  3. .
    Allana

    Affordable initial deposit. I really liked it.

    .
  4. Unclear and burdensome withdrawal process
    Penn

    The process of withdrawing funds from the site is unclear and involves lengthy verification procedures.
  5. good but no fees pls
    Elizabeth

    good site and with good usability, without major complications.

    The fees are low but they can work to not have more fees as it already exists in other sites, this would make the experience even more positive.
  6. professionalism above all
    Rob Schiffer

    Excellent tool for anyone who wants to obtain quality and easy-to-view information on the development of cryptocurrencies. The app is wonderful

    -

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Crypto Exchange
bitFlyer Crypto Exchange
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Rating follows
  • Trade BTC, LTC and ETH
  • Low trading fees
  • Trade using the Bitflyer app
-
T&Cs apply, 18+
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Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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