With dozens of cryptocurrency exchanges made available worldwide, it only makes sense for users like you to search for the right one. Afterall, it will be the platform where you’ll store and trade your digital assets so no effort is ever in vain when choosing the best exchange site for your needs. Luckily, you have bitFlyer exchange on your side! Find out everything about this crypto exchange and what it can offer you.
What is bitFlyer?
bitFlyer is based in Japan and has been operating since April of 2014. It was founded by a trader named Yuzo Kano who previously worked for Goldman Sachs, specifically in derivatives and bonds. The headquarters are located in Tokyo where the employees work to make bitFlyer available to countries worldwide.
bitFlyer is one of the best crypto exchanges in Japan and supports major cryptocurrencies like Bitcoin, Ethereum, Litecoin and Monacoin. Users prefer it alongside other big names in the crypto industry like Binance and believe that it has big potential.
As it holds over 80% of all Bitcoin transactions in Japan, this platform is one to watch. If you want to learn more about bitFlyer and how you can start trading, keep reading the sections below:
What are the features of bitFlyer?
Aside from being able to trade cryptocurrencies with ease, there are also a bunch of different features that bitFlyer offers. These are designed to make your trading experience better and more convenient. Learn more about these features below:
Beginner-friendly
The entire website is easy to access and you will have a guide throughout your entire trading process on the bitFlyer platform. Even if you don’t know your way around an exchange yet, you won’t have to worry about anything when you use bitFlyer.
bitFlyer Lightning Exchange
While users can enjoy a platform that’s easy to understand and access, other seasoned traders won’t feel left out. With bitFlyer’s Lightning Exchange, the more experienced traders can access all sorts of tools to help with the trading process.
Some of these tools include responsive charts that update in real-time, risk management orders and even API Integration that can allow you to build and test crypto trading bots. While these are better for the more experienced traders out there, it’s also a great way for beginners to hone their skills and improve their trading skills.
Instant buy features
This is another feature that traders typically look for because of its convenience. An Instant Buy feature allows traders to instantly purchase popular cryptocurrencies like Bitcoin and Ethereum and complete transactions within a few minutes. You can connect your crypto wallet or bank account to bitFlyer and complete transactions in the drop of a hat.
Competitive trading fees
When it comes to trading cryptocurrencies on an online platform, people usually look for a place that has reasonable trading fees. When trading with bitFlyer, the fees can vary depending on your location.
If you are trading in Europe, the highest fee you can pay when trading over 10 million euros is at 0.10%. In the United States, the same value will require 0.2% and in Japan, it would be at 0.01% per 500 million Yen.
Bitcoin and Japanese Yen pair trading
Pair trading is one of the strategies that most people are inclined to. This is because it’s convenient and offers a lot of profitable opportunities. You can complete your usual pair trading practices on bitFlyer with the added feature of doing it between Bitcoin and Japanese Yen!
Security measures
When it comes to trading cryptocurrencies, security is of the utmost importance. In fact, the platform has never been hacked since it was launched in 2014.
Some of the best security features include a multi-signature process and two-factor authentication before logging in. These both involve creating secondary security measures that will require your authorization before providing access to your account and funds.
bitFlyer’s mobile trading app
To make the trading process easier, bitFlyer also offers a mobile trading app for all of its users. You can download it on the Appstore or Playstore and take your funds everywhere you go. All you need is a stable internet connection and you can access your account with just a few clicks.
Customer service
bitFlyer also prides itself in offering excellent customer service and support. In the event that users will need assistance with anything, all they need to do is enable a chat with one of bitFlyer’s customer support representatives and they can answer your questions.
There is also an extensive FAQ section that could hold answers to all of your queries. You can access this page easily and filter your searches or read the entries by category.
How to make your own bitFlyer account
Making an account with bitFlyer is easy! To help you get started, check out the step by step process below for your reference:
Step 1 – Visit the website and sign-up
Go to the official website of bitFlyer and click the sign-up button. From there, you will be redirected to a page where you will enter your email address. You will be asked to verify this through a link, so be sure to access your email account as well.
Step 2 – Create a strong password
When you’re done verifying your email, the next thing you will need is a strong password. Try to make it a combination of numbers, letters and special characters that only you will remember.
Step 3 – Enter the necessary information
Afterwards, you can now start entering other needed information such as your username, address, nationality and mobile number.
Step 4 – Verification process
You can also link your mobile number to your bitFlyer account. You will be sent an SMS to verify your account so you can access it from your phone. This is also where you can add additional security measures like two-factor authentication and link your account to an authenticator app.
Start trading with bitFlyer
Trading cryptocurrencies has never been easier thanks to bitFlyer. Old and new traders alike will surely enjoy the interface and what the platform offers overall.
With easy access, excellent security and all sorts of features to make your trading experience better, bitFlyer is the best partner in your crypto market journey. Create your bitFlyer account today and start trading!