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.
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.
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.
|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.
|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.
|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.
|Investors looking to regularly top up their crypto investments can do so automatically by setting up recurring daily, weekly, monthly ot bi-monthly buys.
|As far as additional resources go, the Bitflyer blog will offer up plenty of interesting guides and articles on the crypto world today.
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.
|1:2 (Lightning users only)
|£10 or 0.0014 BTC incl. fee
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.
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.
Yes, Bitflyer users can unlock the same great experience detailed above on their mobiles, courtesy of dedicated iOS and Android apps.
Currently, Bitflyer has over 3 million active email addresses
Yes, Bitflyer has a great referral program that fights players with £10 when a referral deposits £100.
No. As it stands, the methods mentioned earlier are the only way to deposit using fiat.
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.
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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