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What is bitFlyer?
bitFlyer is a prominent cryptocurrency exchange that has established itself as a leader in the Japanese market, boasting the largest annual trading volume in Bitcoin from 2016 to 2021, as reported by JPBitcoin.com. The exchange offers a range of trading options, including spot, net settlement, and futures trading. With a focus on user experience, bitFlyer is designed to be accessible for beginners, offering zero trading fees on its Buy/Sell platform and enabling users to start trading with as little as 1 yen. Its security measures are noteworthy, with a history of no hacking incidents over 7 years, and it is licensed to operate in major regions, including the EU, the US, and Japan.
Creating an account on bitFlyer is a simple and efficient process that typically takes less than 5 minutes. Users can register for free using their email address, followed by a quick ID verification process that unlocks the full functionality of the platform. Instant fund deposits are supported through PayPal or bank transfers, enabling users to start trading with minimal delays. Additionally, the platform features tools like bitFlyer Recurring Buy, allowing users to automate their purchases of cryptocurrencies, further simplifying the investment process.
bitFlyer also offers advanced services tailored for experienced traders, including low fees, a variety of trading options, and access to global liquidity. The competitive fee structure positions it advantageously among regulated European exchanges, while features such as complex order types available through APIs and the Lightning web interface enhance the trading experience. bitFlyer Europe operates under strict regulatory oversight, being audited by a Big four firm and licensed by the Luxembourg Ministry of Finance, highlighting its commitment to compliance and user safety.
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