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bitFlyer

https://bitflyer.com

About bitFlyer

What is bitFlyer?

bitFlyer is a Japanese cryptocurrency exchange with 3 million users worldwide. Its global trading volume in 2021 is over €180 billion. The exchange is licensed to operate in Europe, the US, and Japan, and claims to meet the highest security standards in the industry. The platform offers an easy-to-use "bitFlyer Buy/Sell" interface for beginners and "bitFlyer Lightning" for experienced investors. The exchange offers spot trading, margin trading, and cryptocurrency derivatives, while claiming to offer fast trading, real-time bank transfers, and PayPal account funding.

Who are the founders of bitFlyer?

The company was founded in January 2014 by former Goldman Sachs employee Kano Yuzo, along with his colleagues Masuda Rikiya and Komiyama Takafumi. Yuzo Kano serves as CEO until 2019. Subsequently, bitFlyer Holdings, Inc.'s investors decided to replace him with Hirako Yoshio, but he remains as CEO of the U.S. subsidiary. Garner previously worked as an equity derivatives trader for Goldman Sachs and BNP Parabis. In addition, Garner is also a director of the Japan Blockchain Association. Takashi Komiyama is the Chief Technology Officer of bitFlyer Holdings. Komiyama previously worked at Goldman Sachs developing settlement systems, and also worked at Sony Interactive Entertainment.

Where is bitFlyer located?

bitFlyer is headquartered in Tokyo, Japan, and bitFlyer USA is its US subsidiary, located in San Francisco, California.

Countries with restricted access to bitFlyer

The Tokyo-based cryptocurrency exchange does not provide services to residents of Afghanistan, Algeria, American Samoa, Armenia, Azerbaijan, Bahamas, Belarus, Botswana, Myanmar, Burundi, Cambodia, Central African Republic, Chad, Comoros, Congo (Kinshasa) Crimea, Cuba, El Salvador, Eritrea, Ethiopia, Ghana, Guam, Guinea, Guyana, Honduras, Iran, Iraq, Kazakhstan, Kosovo, Lebanon, Liberia, Libya, Libyan Arab Jamahiriya, Macau, Malawi, Maldives, Mali, Mongolia, Montenegro, Nauru, Nicaragua, North Korea, Pakistan, Palau, the Palestinian Territories and Gaza Strip, Papua New Guinea, Samoa, Serbia, Solomon Islands, Somalia, South Sudan, Sri Lanka, Sudan, Swaziland, Syria, Timor-Leste, Trinidad and Tobago, Tunisia, Turkmenistan, Turks and Caicos, Ukraine, Vanuatu, Venezuela, Yemen, Zimbabwe, Russia.

What coins does bitFlyer support?

The platform supports a small number of digital currencies, with about 11 digital assets, and the ability to buy bitcoins in both Japanese yen and US dollars. In addition, popular pairs include BTC/JPY, ETH/JPY, BTC/EUR, XRP/JPY, and BTC/USD. tradable cryptocurrencies include BTC, ETH, ETC, BCH, LTC, and more.

What are the fees for bitFlyer?

Trading fees depend on the volume of transactions a client makes within 30 days. The trading platform has a 0.1% transaction fee (for customers trading under $50,000 per month) and a 0.2% fee for spot trades. However, bitFlyer offers both BTC/EUR and ETH/BTC for fee-free trading.

Can I trade with leverage or margin on bitFlyer?

With Lightning FX and Lightning Futures, users are able to trade with up to 2x leverage. Lightning FX is a built-in service for efficient use of capital investments. It allows clients to trade bitcoin on margin through margin deposits and settlements. However, the maximum leverage is different for corporate clients compared to regular clients.