BitFlyer exchange Review
BitFlyer gives a pricing mechanism with no particular per-trade costs, in addition to a straightforward platform for crypto beginners. Rather, it employs stretched pricing, which includes all costs in the currency's price.
In Japan, bitFlyer was launched in 2014. It purports to be the world's largest Bitcoin exchange by volume, despite not having many currencies on its list. It has a branch in the United States called bitFlyer USA, which is situated in San Francisco.
BitFlyer Pros and Cons
Pros
Cons
User Experience
Buying and selling bitcoin is as simple as buying and selling stock when utilizing the basic bitFlyer mobile app and website. BitFlyer should be simple to navigate and utilize if you've ever maintained a stock trading account.
You may use the dashboard to rapidly view balances, trade, and change your account. Other cryptocurrencies, known as altcoins, have their own section apart from Bitcoin.
How to Open a BitFlyer Account
If you have all of your details ready, registering an account with bitFlyer is simple and quick. To begin the sign-up procedure, all you need is your email address. You'll have a "Standby Class" account once you've checked your email, set a password, and accepted to the account terms.
For full logins, you must go through know your customer (KYC) authentication. Updating to "Trade Class" allows you to trade up to $50,000 per day and withdraw up to $50,000 per day. Upgrade to the "Trade Pro Class" for higher limitations. Uploading a photo ID, selfie, bank account statement, utility bill, and Social Security number is required for complete KYC verification.
Security Features
BitFlyer has a strong reputation for protection, with no big compromises or intrusions in the past. To keep accounts and cryptocurrency safe, it uses a variety of technology.
BitFlyer Supported Cryptocurrencies
A limited amount of cryptocurrencies is one of bitFlyer's most severe drawbacks. If you live in the United States, here's what you can purchase and sell on the platform:
You can also trade Lisk (LSK) and MonaCoin if you live in the European Union (EU) or European Economic Area (EEA) (MONA). More currencies are available to Japanese users. Additionally, you should consult an investment company before you make a destination.
