BitFlyer is the exchange, which is the leader in Japan. It was founded in January 2014 and it is headquartered in Tokyo. Information about the platform management is also open, Yuzo Kano is the executive director, and Takafumi Komiyama is the technical leader.
For its development, the exchange has several times got investments in total $35 million. These finances allowed the exchange in 2017 to enter the market in Europe, as well as in the US with a representation in San Francisco. So is bitFlyer legit? Yes it is, the US regulatory authorities gave permission for trade in 34 states, and the financial services agency of Japan approved the application of the exchange for work in the country. So here you don’t have to worry about bitFlyer fraud.
Now bitFlyer reviews 5 language versions of the site, namely:
Select any of them you can in the upper right corner of the site, as soon as you get to the main page on www.bitflyer.com or bitflyer.jp
Now let’s go to the next part of the bitFlyer review. As for bitFlyer fees, you can find all information on the link at the bottom of the site “Fees and Taxes”. For each region, they will differ based on the different currencies. In general, the commission is calculated based on your 30-day trading volume. Below are the tables for the USA and Europe.
BitFlyer limits depend on your account class, but the deposit isn’t limited at all.
Is bitFlyer safe?
In order to understand the issue of “is bitFlyer safe?” we will look at the functions that are available on the exchange for protection. First of all, this is DigiCert SSL encryption, which ensures the reliability of your personal data. More than 80% of assets are stored in cold wallets. You can freeze your account by the link that comes to you in a letter to an e-mail when you sign in. You also have an automatic exit feature if you aren’t active for a long time. There is also a restriction of entries on IP, which will save you from the entries of intruders into your account.
You can also connect the function 2FA via SMS or Facebook. And of course, you can get the verification of your identity not only to enhance the capabilities of the account but also for the security of your trade. You can get it after you specified your personal data and confirmed it with the scans of the relevant documents.
Let’s add a few words about “how to use bitFlyer?” In order to get started with the service, you need to register. To do this, simply enter your e-mail address to which you will receive a confirmation email and your password. Or you can just use your profile in Google+, Facebook or Yahoo. Further, if you want, you can go through the verification, which was mentioned above.
Now for trading on the site, except Bitcoin, there are such bitFlyer alternative coins:
- Ethereum Classic;
- Bitcoin Cash;
Only JPY is available as the fiat money.
BitFlyer support is available for you via the Contact Form or via e-mail. Unfortunately, the bitFlyer phone number isn’t available on the exchange. The platform is stable and there haven’t been cases of bitFlyer down, as well as cases of bitFlyer scam.
To complete the bitFlyer review 2018, we will highlight the main sides of this exchange.
- Registration is very simple and fast;
- Low commission;
- Large volume of trades;
- Good protection of the exchange and personal information;
- The purchase and sale of tokens are fast enough;
- Acceptance of bank transfers and credit cards;
- Basic crypto-currencies are available;
- Mobile app.
- Only JPY is available as the fiat currency, USD and EUR aren’t available;
- Few available altcoins;
- BitFlyer Exchange accepts only Japanese credit cards.