Volume 24H: $49,395,291
BitFlyer is the largest cryptocurrency exchange in Japan and one of the world leaders in terms of volume, popular for its BTC/JPY trading pair. The exchange offers 2 trading platforms. Bitcoin Easy Exchange is the simple one, providing users with low fees, deposit of funds via credit card or bank transfers, and a high liquidity rate.
bitFlyer Easy Exchange is best fitted for those often trading against JPY, who are not seeking anonymity and are not fond of advanced trading orders. The interface is basic, simple to use and has an intuitive design, making transactions easy for beginners.
Crypto Currencies Support
Traditional Currency Support
- Japanese Yen (JPY)
- European Union
- Hong Kong
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Russian Federation
- United Kingdom of Great Britain and Northern Ireland
- Web Interface
- Mobile App
Stock Market Options
- Allows customization of charts
- Limit Order
The Big Traders:
- Volume based discounts
BitFlyer security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.
Advanced Security Features:
- Email reports of logins
- Ability to limit access to account based on IP address
- Monitor bahavior patterns for suspicious activity
- Bank Level Encryption
- XSS (Cross Site Scripting) measures
- CSRF (Cross Site Request Forgery) measures
Legal Registration or Compliance:
- KYC/AML Compliant
bitFlyer Inc is a Tokyo-based company founded in 2014 by CEO Yuzo Kano (former Goldman Sachs trader) and CTO Takafumi Komiyana. They have raised over $40 million in 7 rounds from 10 investors since and also developed a crowdfunding for Bitcoin projects called FundFlyer. In 2017, they have been in the news for preparing to enter the US market and for launching a prepaid Visa Card.
bitFlyer Easy Exchange caters to the Japanese market, but is also accessible to worldwide users. It offers low trading fees, deep liquidity, and has high or no limits for fully verified accounts. Although they currently have limited trading options and support only JPY, their recent Bitlicense means this will change in the near future.
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Send/Receive Crypto
BitFlyer accepts international bank transfers, quick deposits, and Japan-issued credit cards. The quick deposit feature allows users to make deposits by Internet banking and Japanese convenience store payments. There are two account types: Wallet Class (enables limited bitFlyer services) and Trade Class (allows purchasing and selling virtual currency, but requires thorough account verification).
Uses only Japanese Yen as fiat currency, Identity verification required to unlock all functionalities