Comparison of Bitflyer vs Coindcx [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bitflyer vs Coindcx comparison!

Your expert: Alejandro Borja

Bitflyer

Investing risks losing your money

Your expert: Xavier Tarrasó

Coindcx

Investing risks losing your money

Main points

Fees

0,10%

Earns

Yes

Customer service

4/5

≤0,10%

Fees

Yes

Earns

4/5

Customer service

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.0 – Competitive fees with some discounts for high-volume trading.

4.1 – Low fees with additional discounts for high-volume traders.

Level

0,10%

≤0,10%

Brief explanation

BitFlyer structures its commission fees with an aim to be transparent and competitive, though they are often perceived as slightly higher than some of its global competitors. The exchange charges a flat fee for transactions, which can vary slightly depending on the market conditions and the specific services used. For instance, trading Bitcoin typically incurs a fee of about 0.1% to 0.15%, but this can differ for other cryptocurrencies or more complex transactions such as futures or options trading. Importantly, these fees contribute to the high level of security and regulatory compliance that BitFlyer offers, making it a trusted platform despite the slightly higher costs.

Coindcx employs a competitive and transparent fee structure which includes trading fees that are among the lowest in the Indian market. This makes it an attractive option for both high-volume traders and beginners. The platform charges a maker-taker fee model, which encourages liquidity on the exchange while ensuring traders can execute trades at or near their desired prices without substantial cost. Additionally, Coindcx offers tiered pricing, reducing trading fees for users as their trading volume increases, making it financially feasible for users to scale up their trading activities efficiently.

Bitflyer

Year Founded: BitFlyer has been operational since 2014, giving it a long-standing presence in the cryptocurrency world. This longevity in the rapidly evolving digital currency landscape speaks to its stability and enduring commitment to its users.
Security Methods: BitFlyer employs rigorous security measures, including compliance with multiple regulatory standards across jurisdictions. It uses advanced encryption and follows strict internal security protocols to safeguard user data and funds.
Possible Regulation: The exchange is one of the few that has successfully navigated the strict regulatory environments of Japan, the United States, and Europe. It holds significant licenses, including the prestigious New York BitLicense, enhancing its credibility and trustworthiness.
Reputation and Reviews: BitFlyer's reputation in the crypto community is strong, bolstered by positive reviews from users who praise its user-friendly platform and security practices. Its regulatory compliance further reinforces its reputation as a trustworthy platform.
Trading Volume and Liquidity: With a substantial trading volume and high liquidity, BitFlyer offers users the advantage of better price stability and the ability to execute large transactions with minimal impact on the market price, making it a reliable platform for trading major cryptocurrencies.

Read bitflyer review

Coindcx

Regulatory Compliance: Coindcx operates with full legal compliance under India’s stringent financial regulations, providing users with a secure trading environment.
Customer Service: The exchange offers robust customer support with a comprehensive FAQ section, 24/7 customer service via chat and email, and quick response times, ensuring that user queries are promptly addressed.
Security Measures: The platform utilizes advanced security protocols, including two-factor authentication (2FA) and encrypted data storage, ensuring that user funds and information are protected against unauthorized access.
Trading Volume and Liquidity: Coindcx boasts significant trading volume and liquidity, which facilitates efficient trading with minimal slippage, making it an ideal platform for both novice and experienced traders.
Reputation and Reviews: Coindcx has a strong reputation in the cryptocurrency community, recognized for its reliable service and customer satisfaction, as evidenced by numerous positive reviews and testimonials.

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Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

bitFlyer, Inc.

Primestack Pte. Ltd.

Regulation

Regulated in Japón

Not regulated

Year founded

2014

2018

Founder

Yuzo Kano

Sumit Gupta and Neeraj Khandelwal

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Bitflyer	FEATURES	Coindcx
BitFlyer allows relatively low minimum trades, making it accessible for beginners.	Minimum Trade	Coindcx allows trading with small amounts, making it accessible for beginners.
Fees are slightly higher than average, which may deter frequent traders.	Trading and Transaction Fees	Coindcx offers competitive fees, which are lower than many other exchanges.
Offers a moderate selection of major cryptocurrencies, but lacks variety in altcoins.	Number of Cryptocurrencies	Offers over 200 cryptocurrencies, providing a wide range for trading.
Supports a solid range of trading pairs, suitable for most traders’ needs.	Crypto-to-Crypto Trading Pairs	A vast selection of trading pairs is available, enhancing trading flexibility.
High transparency regarding security practices and compliance, fostering user trust.	Website Transparency	The website provides clear information on fees, policies, and trading options.
bitFlyer offers a prepaid card in Japan, which can be used for online and in-store purchases. This card allows users to spend their crypto directly, making it convenient for daily use.	Credit/Debit Card	None of the reviewed exchanges provide an exchange card for in-store purchases and benefits.
Provides secure cold storage options, ensuring safety for user funds.	Storage Offering	Provides secure storage options with advanced security measures.
Offers basic staking features and rewards but not as extensive or competitive as other exchanges.	Staking and Rewards	Offers staking options on certain cryptocurrencies with competitive rewards.
Both mobile and desktop platforms are user-friendly, well-designed, and reliable.	Mobile App and Desktop	Both platforms are user-friendly and well-designed, suitable for traders on-the-go.
Generally responsive and helpful customer service, though some users may experience delays.	Customer Service	Responsive and helpful customer support with multiple channels like chat and email.
Efficient deposit and withdrawal processes, but could be improved with more payment methods.	Deposit and Withdraw	Offers multiple methods for deposit and withdrawal, including bank transfer and UPI.

Key features

Analysis tools

Basic to intermediate charting tools

Basic charting tools

Mobile APP

Security

High 4,9/5

High 4,5/5

Additional features

Spot trading, margin trading, Bitflyer Lightning exchange, recurring buys

Margin trading, staking, CoinDCX Earn, CoinDCX Academy

Anonymity

Key points

Available cryptocurrencies

10+

200+

User-friendliness

Bitflyer features a simple and intuitive interface, ideal for beginners. The platform focuses on providing a seamless trading experience, making it easy for new users to buy and sell cryptocurrencies.

CoinDCX provides a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Provides reasonable value for money with low trading fees and a user-friendly platform, making it a good choice for beginners.

Delivers good value for money with low trading fees and a wide range of supported cryptocurrencies, making it a cost-effective choice for Indian users.

Countries of operation

Japan, United States, Europe

India, United States, United Kingdom, Canada, Australia

Best for

Great for beginners and experienced traders in Japan, the US, and Europe who want a user-friendly platform with competitive fees.

Best for Indian traders looking for a cost-effective platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

JPY, USD, EUR, BTC

INR, USDT

Account

Trading

Bitflyer provides a secure and easy-to-use platform with a decent selection of cryptocurrencies. It is particularly popular in Japan. However, it lacks some of the advanced trading features found on other major exchanges.

CoinDCX is an Indian exchange with a wide range of cryptocurrencies and easy fiat integration. It offers competitive fees and advanced trading features, making it suitable for both beginners and experienced traders.

Deposit and withdrawal

Bitflyer offers secure and efficient deposit and withdrawal methods, including bank transfers and crypto deposits. Withdrawals are processed within a day, and fees are competitive .

CoinDCX offers easy fiat and cryptocurrency deposit methods. Withdrawals are processed quickly, typically within a day. Fees are competitive, making it a good choice for Indian users.

Account opening process

Bitflyer’s account opening process is easy and efficient. Users need to provide personal information, verify their identity, and address. The process is fully digital and typically takes less than a day.

CoinDCX provides an easy account registration process. Users need to submit personal details, verify their identity, and address. The process is efficient and usually takes less than a day to complete.

KYC required?

Yes

Customer Service

Bitflyer offers customer support via email and live chat. The support team is responsive, and support is available 24/7, making it convenient for users needing immediate help.

CoinDCX provides support through email, live chat, and a help center. The support team is responsive and available 24/7, making it convenient for users in India and beyond.

Security

Bitflyer ensures high security with 2FA, encryption, and cold storage. It is regulated by Japanese authorities, ensuring strong security for investors.

CoinDCX ensures security with 2FA, encryption, and cold storage. It is regulated by Indian authorities, providing a secure environment for investors.

Which of these exchanges is for you?

Alejandro Borja

As an expert on our website, I recommend BitFlyer for users new to cryptocurrency trading due to its user-friendly interface and robust security measures. While its trading fees are a bit higher and the variety of cryptocurrencies somewhat limited, BitFlyer’s strong regulatory compliance and excellent platform stability make it a reliable choice for those prioritizing security and ease of use. If you’re starting your crypto journey, BitFlyer is a commendable option to consider.

Xavier Tarrasó

As an expert reviewing various platforms, I find Coindcx to stand out particularly for its user-centric approach. The exchange not only offers a comprehensive range of over 200 cryptocurrencies but also ensures that both novices and seasoned traders can navigate and utilize the platform with ease. Its emphasis on security, backed by stringent compliance with Indian financial regulations, instills a high level of trust and reliability, making it a preferred choice for many looking to trade cryptocurrencies. Whether you’re starting your crypto journey or looking to diversify your trading strategies, Coindcx provides a robust environment with the tools and support needed to succeed in the dynamic world of cryptocurrency.

View all comparisons against Bitflyer

View all comparisons against Coindcx

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.