bitFlyer is a cryptocurrency exchange offering a low-fee way to purchase Bitcoin and a handful of other cryptocurrencies. Designed for both beginner and advanced crypto traders, bitFlyer offers some of the lowest fees available, as well as advanced charting and trading tools. While its low fees are attractive, this exchange offers fewer coins than many competitors, so users seeking more selection may want to look elsewhere.
Regulated by (CSSF)
bitFlyer is a cryptocurrency exchange that offers buying, selling, and trading of a few cryptocurrencies. It has some of the lowest trading fees in the industry, with discounts available for high-volume traders. bitFlyer only supports five cryptocurrencies, as well as several types of fiat currency.
In the bitFlyer Wallet smartphone app, after logging in, select Balances from the menu, then JPY, and then Deposit. From there, you can choose between bank transfer or Quick Deposit. Before a customer can make JPY deposits, a bank account must be registered to their bitFlyer account.
To make a withdrawal, go to "Account Funding", select "Withdraw USD" and request a transfer to your registered bank account. Please note that there is a fee associated with USD wire withdrawal.
bitFlyer only supports five cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH), and Litecoin (LTC). bitFlyer supports a few other cryptocurrencies in certain countries, such as XRP and MonaCoin in Japan only.5
Popular cryptocurrencies such as Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) are not available on bitFlyer.
For users that want to buy crypto, bitFlyer offers a simple purchase experience through its desktop and mobile dashboards. Customers can make instant purchases by depositing fiat currencies into their accounts via wire or ACH transfer, free of charge. Users can also deposit crypto via a digital wallet to trade on the bitFlyer platform.
bitFlyer allows customers to buy crypto with as little as $1, though there are minimum withdrawal amounts for each cryptocurrency.6 Users can make spot purchases of crypto using limit orders, or purchase at current market prices using a market order.
bitFlyer offers some of the lowest fees available for buying and trading crypto. Fees for crypto trades are as low as 0.03% for the highest-volume traders, which is far lower than many centralized exchanges.3 But debit card purchases tack on an additional transaction fee, so be wary of buying crypto on bitFlyer with a debit card.7
Users can also receive a 25% discount on trading fees if they pay those fees using the bitFlyer native token, bitFlyer Coin (BNB).
|Debit/Credit card purchase||1.95%|
|ACH Transfer||Free deposit and withdrawal|
|Wire Transfer||Free deposit - $20 withdrawal|
|Crypto Conversion||0.03% to 0.10%|
|Trades||0.03% to 0.10%|
bitFlyer follows the standard crypto exchange security protocols, including requiring photo ID verification and recommending two-factor authentication (2FA) for accounts. All exchange servers are encrypted with SHA-256, and most crypto assets are kept in offline cold storage.8
Here are some of the security features bitFlyer offers:
You can download the bitFlyer Wallet App from the Google Play Store or the iOS App Store.
You can sign up for a bitFlyer account using your email address and a password. Once you verify your email address, you’ll then be required to go through account verification before you can buy and sell crypto.
Account verification may include submitting a picture of a government-issued photo ID, providing proof of address (using a utility bill), and providing your Social Security number. Once your account is officially verified, you can buy, sell, trade, deposit, and withdraw cryptocurrency on bitFlyer.
You can sell BTC on Buy/Sell, Exchange, and Lightning Spot services.
Buy/Sell: If you would like to sell BTC、please select Sell. ...
Exchange: Enter the amount of Bitcoin you wish to sell in the Amount (BTC) box, the price you wish to sell for in the Price (BTC/JPY) box, and press the SELL COINS button.
US-based clients can now trade our BTC/JPY directly through their bit flyer USA account and our BTC/USD market, with the lowest fees in the world.
"fundFlyer" is a crowdfunding platform from bitFlyer that uses bitcoins. ... events, disaster prevention, and political campaigns, among many other things.
Get up to date with the latest bitFlyer company news and product updates. Learn how to get started with crypto or get additional insights into the market / Blog
bitFlyer only offers email support, and users can only contact the support team by filling out the bitFlyer contact form. The platform also offers a small library of help articles, as well as user education materials on its blog. There is no phone or live chat support available, but bitFlyer typically responds to social media support requests through its dedicated Twitter account.