BitFlyer Lightning
- Overview
- Security
- User Experience
Volume 24H: BTC 19,462/24h
BitFlyer Lightning is an advanced cryptocurrency exchange which runs mostly on the Japanese market and works as a platform for Bitcoin spot, FX, futures trading, and altcoin spot trading. Users can choose between JPY/BTC and BTC/ETH trading pairs. The platform incorporates Lightning FX service that allows users to margin trade Bitcoin by making a deposit and then a settlement.
BitFlyer Lightning is geared towards professional users and traders. The platform has a refined user interface that offers enhanced transaction tools, modern design, and high usability and functionality. Due to the strict KYC/AML policies followed by BitFlyer Lightning there are rigid verification checks, making anonymous trading impossible. Not recommended for beginners.
Crypto Currencies Support
- BCH
- BTC
- ETC
- ETH
Traditional Currency Support
- JPY
Language Support
- Chinese
- English
- Japanese
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
Platforms Systems
- — Api
- — Mobile App
- — Web Interface
Stock Market Options
BitFlyer Lightning offers a range of security features and no breach has been reported up to now. The exchange has property insurance for Bitcoin deposits through a major Japanese company and a fiat policy against fraudulent JPY withdrawals occurred as result of stolen email addresses, passwords, and other vital information of users who had enabled two-factor authentication.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | 3rd Party Insurance |
| Private Keys Stored On | Exchange Platform |
| Storage Type | At Least 80 Of User Funds Are Stored In Cold Storage |
BitFlyer Inc is a Japanese company from Tokyo founded in 2014 to fill the void left in Japan by the collapse of MtGox. Banking concerns Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group have invested 200 million yen ($1.75 million) in BitFlyer. In 2017, the company was featured in the news with plans to enter the US market and launch a prepaid Visa Card.
Summary:
BitFlyer Lightning is a crypto exchange for skilled users to trade futures, FX, and make Ethereum spot trades. For Lightning FX and Lightning Futures one can practice up to 15x leverage, seek profits in both bull and bear markets, and undertake various investment strategies. Security is good and advanced order types are allowed, but they offer limited privacy and only JPY as a fiat currency.
| Ease of use | Complex |
| Transaction Fees | Between 0.10-0.20% Depending On Volume, 0.0004btc/transaction |
| Deposit/Withdrawal Fee | 0-0.09% |
| Deposit/Withdrawal Fee For Bank Transfer | 0.1-0.29% |
| Deposit/Withdrawal Fee For Credit Card | 0-0.09% |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | N/A |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Send/Receive Crypto
Functionality:
BitFlyer Lightning offers a number of advanced functionalities such as complex order types, trade reports, FX or spot trading, and can be fully accessed by users with verified accounts. With Lightning FX, one can leverage its trade by up to 15 times, while the Quick Deposit feature allows users to make a deposit using Internet banking and Japanese convenience store payment.
Most common customer complaint:
— Trading only available against JPY