Learn more about TU’s methodology
- $1
- TradingView
- Five cryptocurrencies, two fiats, low commissions, advantageous referral program, no investment, proprietary trading terminal
Our Evaluation of BitFlyer
Learn more about TU’s methodology
BitFlyer is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.03 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BitFlyer clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
BitFlyer offers favorable terms of cooperation. The main advantages are its proprietary trading terminal and low commissions. The platform is not focused on investors, although the referral program can bring good passive income. Other features: most of the funds are stored using the cold method, the speed of transactions is no more than one second, and news analytics is integrated into the professional trading terminal.
How we tested BitFlyer
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at BitFlyer
The BitFlyer broker is a multifunctional cryptocurrency trading platform. It trades Bitcoin, Ethereum, Ethereum Classic, Litecoin, and Bitcoin Cash. The fiat is represented by the US dollar and the Japanese yen. The platform offers two trading options: the simplified TradingView terminal and the company’s professional proprietary solution called the Lightning Exchange. Only the simplified trading terminal has a mobile version. The exchange does not offer investment solutions, and passive earning opportunities are represented only by a referral program. The company develops its own blockchain solutions for business. Protection against fraudsters is ensured by KYC verification, 80% of users’ funds are stored using the cold method.
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- you can trade the most popular cryptocurrencies and two fiat currencies;
- they have a simplified trading terminal for novice crypto traders;
- they provide a terminal for pro-traders with advanced functionality;
- profitable referral program with payments in US dollars;
- high level of platform security and reliable protection of funds;
- very low trading commissions (0.10% at the entry level);
- free withdrawals through ACH and Fedwire systems;
- their own blockchain solutions (for example, Bitcoin Audit).
- no demo accounts or training programs;
- communication with technical support only through tickets.
TU Expert Verdict
Chief Analytics Officer
BitFlyer offers access to trading five major cryptocurrencies alongside two fiat currencies, using both a proprietary professional terminal and a simplified version based on TradingView. The exchange is regulated by a Tier-1 financial authority in Luxembourg and is recognized for strong compliance and security, with 80% of client funds stored in cold wallets and mandatory KYC verification. Active traders can benefit from low spot and futures commissions, no deposit fees, as well as instant deposits via bank cards and accounts. The minimum deposit is only $1, and the platform supports web and mobile trading, with a referral program providing additional earning potential.
Drawbacks include the restricted asset selection with only five cryptocurrencies, no demo accounts, a lack of investment or staking products, and customer support limited strictly to a ticket system without a call center. The absence of leverage may deter traders seeking margin trading, while the inability to access TradingView’s advanced features or P2P transfers could affect experienced users. BitFlyer is most suitable for active spot traders focused on low costs and basic functions, but may not meet the needs of those wanting broader market coverage or robust customer support.
BitFlyer Summary
| 💻 Trading platform: | Based on TradingView as well as proprietary Lightning Exchange |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, US dollars, yen |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: |
Spot: 0%-0% Futures: 0%-0% |
| 🔧 Instruments: | Futures, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes (TradingView) |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | N/A |
| ⭐ Trading features: | Five cryptocurrencies, two fiats, low commissions, advantageous referral program, no investment, proprietary trading terminal |
| 🎁 Contests and bonuses: | N/A |
BitFlyer cryptocurrency exchange does not set a minimum deposit. To start trading, you need to register and get verified. You alone determine the size of the first and subsequent deposits. There is no leverage on the platform. Technical support is possible only through the ticket system (section FAQs/Contacts). The company does not have a call center or email. But there are official accounts on social networks, which, in case of urgent need, can also be used as communication channels.
BitFlyer Key Parameters Evaluation
Video Review of BitFlyer
Regulation and Safety
BitFlyer has earned a rating of 9.75/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Government-regulated
- Tier-1 regulation
- No successful hacks history
- 2FA
- Cold wallet storage
- No investor protection fund
- No facial recognition
- Not U.S regulated
BitFlyer Security Factors
We also compared BitFlyer against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| BitFlyer | Kraken | Coinbase | |
| Tier-1 regulation | Yes | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is BitFlyer a regulated crypto exchange?
BitFlyer is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
BitFlyer is authorized or licensed in accordance with local regulations in the following regions: Luxembourg.
Is verification (KYC) mandatory at BitFlyer?
Yes, KYC verification is mandatory at BitFlyer. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is BitFlyer available in the USA?
Yes, BitFlyer is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
BitFlyer commissions and fees
BitFlyer has earned a rating of 8.75/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as BitFlyer is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are BitFlyer trading fees?
We analyzed BitFlyer’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
BitFlyer trading fees vs competitors
| BitFlyer | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0 | 0 | 0.053 |
What are BitFlyer deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.0004 BTC 0.005 ETH |
Does BitFlyer offer P2P trading?
No, BitFlyer does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
BitFlyer received a 5.5/10 rating for its deposit and withdrawal services. While BitFlyer covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank transfers for deposits and withdrawals
- Bank cards accepted for instant deposits
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No P2P transfer option
- No PayPal option
- No Google Pay option
Deposit and withdrawal options
BitFlyer supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
BitFlyer Deposit and withdrawal options vs competitors
| BitFlyer | Kraken | Coinbase | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is BitFlyer minimum deposit?
The minimum deposit at BitFlyer is 1 USD/USDT or 1 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BitFlyer minimum deposit vs competitors
| BitFlyer | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 1 |
| Minimum trade amount, USD/USDT | 1 | 1 | 2 |
Does BitFlyer support fiat money?
BitFlyer supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
BitFlyer received a score of 3.5/10 in this category, indicating a modest offering of assets and markets. While BitFlyer covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Crypto futures available
- Copy trading not available
- NTFs not available
BitFlyer supported coins and markets vs competitors
We compared BitFlyer with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| BitFlyer | Kraken | Coinbase | |
| Supported coins | 278 | 249 | |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | No |
| NFTs | No | Yes | Yes |
BitFlyer passive income options vs competitors
We also compared BitFlyer with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
BitFlyer received a score of 6.5/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Positive user feedback on the iOS app
- Android app score 4
- Mobile indicators allowed
- App data protection with 2FA
- No trading bots for traders
- No access to TradingView features
- No access to Copy Trading
Trading apps
BitFlyer provides web and mobile apps for both Android and iOS users, with an average rating of 4.2 on the App Store and 4 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the BitFlyer platform is for mobile use.
| BitFlyer | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | No | Yes | Yes |
| Advanced Orders | Yes | Yes | Yes |
| Trading with bots | No | No | No |
| API | Yes | Yes | Yes |
| Extra trading platforms | No | No | No |
Does BitFlyer offer a desktop app?
No, BitFlyer does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does BitFlyer offer advanced charting with TradingView integration?
No, BitFlyer does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2014 |
|---|---|
| Registration address | Midtown Tower, 9-7-1 Akasaka, Minato-ku, Tokyo 107-6233 |
| Official site | https://bitflyer.com/ |
| Contacts |
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