Is bitFlyer a Good Exchange?
Takafumi Komiyama and Yuzo Kano launched bitFlyer after working in various capacities for the investment bank Goldman Sachs. Kano traded equity derivatives and convertible bonds, whereas Komiyama was a developer.
bitFlyer has raised approximately $37 million in seven funding rounds since its inception. Its supporters include well-known companies such as Digital Currency Group, SBI Investment, and Venture Labo Investment.
The exchange allows users to purchase and sell Bitcoin and other cryptocurrencies in exchange for their choice of fiat money, such as USD, EUR, or JPY. It also enables speedy cryptocurrency purchases with a bank card and other payment options.
Despite being a prominent exchange in Japan, it is the best-kept secret among European and US traders because of its cheap fees, rapid service, superior security, and ease of use. Remember that, due to regulatory variations, the Japanese, European, and American versions provide somewhat different services at slightly different prices. Regardless of your country, it remains a beginner-friendly and outstanding fiat gateway exchange.
It is still popular for buying and trading Bitcoin and altcoins in a safe, regulated, and trustworthy environment. Despite this, bitFlyer is one of the lowest-fee exchanges among authorised companies, making it an excellent and dependable alternative for all traders.
The exchange's key features include:
The ability to buy and sell Bitcoin and top altcoins. The exchange accepts five to eight prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others.
Very low fees. bitFlyer has among the lowest costs among authorised exchanges, making it an excellent fiat gateway for beginner and experienced crypto traders.
Highly secure. bitFlyer has never been hacked and is the best exchange regarding regulatory compliance in the cryptoverse.
Easy to use. bitFlyer provides two trading options: a simple interface for basic transactions and a complex Lightning exchange for experienced investors.
Margin and futures trading. Customers from Japan can trade on bitFlyer's Lightning FX platform, which provides up to 4x leverage.
Corporate account. Institutional investors can apply for a corporate account with additional benefits and services.
In a nutshell, bitFlyer is a top-tier exchange that operates in major markets.
Due to its regulated structure, the exchange may be better for privacy-conscious consumers. However, it remains a good fiat gateway and a secret among many experienced crypto investors.
Author: Emmanuel Baiden
7 years experience within the financial services sector most notably in Sales, Trading, research and writing articles within the crypto space. I have a bachelor's degree in International Business and a Master's in Investment and Risk Finance . I am also an associate member of the Chartered Institute for Securities and Investment.