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.
Pros & Cons
- 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.
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.
TU Expert Verdict
BitFlyer demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Crypto Exchanges Traders Prefer
BitFlyer User Reviews
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5-star
7%
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4-star
43%
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3-star
47%
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2-star
0%
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1-star
4%
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BitFlyer Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.8.8 /10BitFlyer has earned a rating of 8.8/10 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 Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 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, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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.
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Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology9.8 /10BitFlyer has earned a rating of 9.8/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Cold wallet storage
- Tier-1 regulation
- 2FA
- No successful hacks history
- Government-regulated
- Not U.S regulated
- No investor protection fund
- No facial recognition
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 Security Factors BitFlyer OKX Coinbase Tier-1 regulation YesNoYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesYes2FA YesYesYesFacial recognition NoYesNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoNoYesIs BitFlyer a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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.
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.5.5 /10BitFlyer 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 cards accepted for instant deposits
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No Google Pay option
- No P2P transfer option
- Withdrawal fee applies
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 OKX Coinbase Bank transfers YesNoYesBank card YesYesYesCrypto YesYesYesPayPal NoNoYesWhat 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 OKX Coinbase Minimum deposit, USD or USDT 1 10 10 Minimum deposit, BTC 1 5 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: USD.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.2.5 /10BitFlyer received a score of 2.5/10 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.
- Crypto futures available
- Fiat currencies supported
- No TradFi perpetual futures trading
- Crypto options 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 OKX Coinbase Supported coins 600+ 400+ Futures/Perpetual contracts YesYesYesOptions NoYesNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoNoPre-IPO 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.
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Trading Apps & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn more in our Methodology.6.5 /10BitFlyer 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
- App data protection with 2FA
- Android app score 4
- Advanced tools and automation with API
- No access to Copy Trading
- No standalone desktop access
- Advanced orders not available
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 OKX Coinbase 2FA YesYesYesFace ID NoYesNoMob Indicators YesYesYesAlerts NoYesYesAdvanced Orders These are specialized trading features that give users more precise control over how trades are executed. Examples include Stop-Limit, Trailing Stop, and OCO (One Cancels the Other). These tools may only be available on the web version of the platform. YesYesYesTrading with bots NoYesNoAPI YesYesYesExtra trading platforms These refer to third-party platforms supported by the crypto exchange in addition to its own proprietary system. NoNoNoDoes 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.
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Customer Support
Score:We evaluated Customer Support at BitFlyer based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria5 /10BitFlyer offers a moderate level of customer support, covering basic communication channels and assistance options.
In TU testing, the exchange showed mixed results in support accessibility and responsiveness. Certain limitations in contact options, availability, or support resources may make it less convenient for users requiring immediate assistance.
- Comprehensive help center available
- Support ticket system available
- 24/7 customer support available
- Email support unavailable
- Phone support unavailable
BitFlyer Support Channels vs Competitors
BitFlyer OKX Coinbase Live Chat NoNoYesEmail Support NoNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support NoNoYesContacts Foundation date 2014 Registration address Midtown Tower, 9-7-1 Akasaka, Minato-ku, Tokyo 107-6233 Official site https://bitflyer.com/ Contacts info.eu@bitflyer.com
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