Overview of BitFlyer
What is BitFlyer?
BitFlyer is a Japan-based cryptocurrency exchange serving over 3 million users globally. With €180 billion in trading volume in 2021, it operates under regulatory licenses in Europe, the U.S., and Japan. The platform emphasizes enterprise-grade security and offers two interfaces:
- BitFlyer Buy/Sell: Beginner-friendly simplified trading
- BitFlyer Lightning: Advanced tools for experienced traders
Supported services include spot trading, margin trading, and crypto derivatives, with real-time bank transfers and PayPal integration.
Founder and Leadership
Founded in 2014 by ex-Goldman Sachs derivatives trader Yuzo Kano (CEO until 2019), alongside Rikiya Masuda and Takafumi Komiyama (CTO). Kano remains CEO of BitFlyer USA and sits on the Japan Blockchain Association board.
Geographic Availability
- Headquarters: Tokyo, Japan
- U.S. Branch: San Francisco, California
Restricted Countries
BitFlyer restricts access for residents of 60+ countries including Afghanistan, Cuba, Iran, North Korea, Russia, and Venezuela. Full list here.
Trading Details
Supported Cryptocurrencies
BitFlyer supports 11 major cryptocurrencies, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
Top trading pairs: BTC/JPY, ETH/JPY, BTC/EUR, XRP/JPY, and BTC/USD.
Fee Structure
- Spot Trading: 0.2% fee (volume-dependent)
- Buy/Sell: 0.1% for trades under $50K/month
- Zero Fees:
BTC/EURandETH/BTCpairs
Leverage and Margin Trading
BitFlyer Lightning offers:
- 2x leverage on Lightning FX (Bitcoin margin trading)
- Corporate clients may access higher leverage tiers
Market Data (Top Pairs)
| # | Cryptocurrency | Pair | Price (¥) | +2% Depth (¥) | 24h Volume (¥) | Share |
|---|---|---|---|---|---|---|
| 1 | Bitcoin | BTC/JPY | 782,559.53 | 104,822,912.03 | 525,474,934 | 75.51% |
| 2 | Ethereum | ETH/JPY | 18,371.38 | 14,762,412.30 | 145,068,993 | 20.85% |
| 3 | XRP | XRP/JPY | 16.05 | 4,993,019.52 | 23,119,238 | 3.32% |
Data reflects recent snapshots; excluded anomalies marked with ***.
Frequently Asked Questions
Which countries cannot use BitFlyer?
BitFlyer restricts service in regions like Crimea, Syria, and Zimbabwe due to regulatory compliance. Full restricted list available in our FAQ.
Does BitFlyer support USD deposits?
Yes, U.S. users can deposit USD via bank transfers or PayPal.
What security measures does BitFlyer have?
The exchange uses cold storage, two-factor authentication (2FA), and complies with Japan’s FSA regulations.
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