Top perks
Industry leading security
In terms of security, bitFlyer is one of the best in the business. It uses the most up-to-date security measures, including multisig Bitcoin wallets that require multiple signatures to send crypto, SSL encryption, two-factor authentication, and regular stress tests of its platform. The exchange also stores most of its crypto funds offline in cold wallets so they’re protected from hackers.
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Easy to use
bitFlyer has a user-friendly design that makes it easy to get started with investing in crypto. The account registration process doesn’t take long. After you’ve done that and had your identity verified, you can add funds to your account and buy any of the cryptocurrencies the exchange offers.
Everything is explained clearly in your bitFlyer account, so there’s hardly any learning curve. For example, when you want to deposit money, you just click the “Account Funding” tab. This page will show you the different funding options, as well as their respective fees (if any) and how long they take.
Beginner and advanced platforms
There are two exchange options with bitFlyer. Its default buy/sell option is a beginner-friendly platform where you input the amount of cryptocurrency you want to buy or sell. It also provides some information, including recent news stories about that cryptocurrency and a price chart. The downside is that it charges a variable spread, which can be expensive.
bitFlyer Lightning is a pro exchange available to customers with Trade Class or above. Customers may be upgraded to this level automatically after identity verification, but if you aren’t, you can also contact bitFlyer to request it. bitFlyer Lightning offers enhanced trading tools, much faster trading speeds, and lower costs. For more experienced traders and anyone who wants to save on fees, this advanced platform is a great option to have available.
Low fees on pro exchange
Trading fees are quite cheap on bitFlyer Lightning. They start at 0.10% for customers who trade under $50,000 per month, and they go even lower for those who trade more.
Even among the top crypto exchanges, not many charge 0.10% or less in fees. If you want to keep trading costs as low as possible, you’ll likely find that bitFlyer Lightning is one of your best options.
