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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
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bitFlyer offers a user-friendly platform with strong security measures, making it a suitable choice for beginners. However, its limited selection of cryptocurrencies and high spreads of up to 6% might deter advanced traders. While the absence of fixed per-trade fees is appealing, the platform's lack of advanced features and occasional technical issues are drawbacks. Overall, bitFlyer is a decent option for simple trading but may not meet the needs of more experienced users.
Overview
Quick Facts
bitFlyer is a crypto trading platform. They don't charge per-trade fees on exchanges. Some people might want to look elsewhere since only certain currencies are accepted, along with a 6% spread.
Informations
Pro's & Con's
bitFlyer
Features
Feature Overview
Unique Features
- Zero fees, easy to use
Tradable Assets
- Cryptocurrencies
Trading Options
- Derivatives
Our
bitFlyer
Review
Test Result
Conclusion
bitFlyer offers a user-friendly platform with strong security measures, making it a suitable choice for beginners. However, its limited selection of cryptocurrencies and high spreads of up to 6% might deter advanced traders. While the absence of fixed per-trade fees is appealing, the platform's lack of advanced features and occasional technical issues are drawbacks. Overall, bitFlyer is a decent option for simple trading but may not meet the needs of more experienced users.
Customer Reviews
/ 5 average rating from -- reviews
Write a Review
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bitFlyer
User Reviews
The platform uses strong security, an intuitive interface, and many years of experience. Despite this, the exchange the exchange is nevertheless bug-ridden and frustratingly non-user-friendly, and rather dreary to look at.
BitFlyer is a crypto exchange where standard trades happen without a fixed per-trade fee. However, it's limited in supported fiat currency pairs and its spreads range up to a high of 6%, which could send you searching for a more competitive option in more complex strategies and as fees compound over time (long term reduction).
Although BitFlyer is user-friendly, it offers only crypto-to-crypto trades, making it less appealing to newcomers.
The fee structure has a reputation for being very competitive. All things considered, some users complain about the lack of transparency surrounding overnight positions and financing costs, which they would prefer to be more clear.
While bitFlyer's security practices have generated positive feedback, some users have reported occasional technical glitches and long transaction times.
Customer reviews of BitFlyer's customer support are varied. Some find the service to be prompt and helpful, while others encounter slower response times and less satisfactory support.
BitFlyer is known for its robust security features and user experience, but some users have complained about the platform's user interface and bugs. The website provides for quick and easy trading of digital currencies, but it offers a limited selection of trading pairs and it has high spreads compared to other exchanges. Customer support reviews are a mixed bag.
About
bitFlyer
bitFlyer
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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