BitFlyer EU Review 2024

Our veredict

BitFlyer EU is a cryptocurrency exchange that stands out for its robust security features and competitive fees. Launched in 2018 as a subsidiary of the Japanese company bitFlyer Inc., it is headquartered and licensed in Luxembourg. The platform is designed to cater to both beginners and advanced users with its user-friendly “Buy & Sell” feature and the more sophisticated “Lightning Exchange” for experienced traders. The exchange supports major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, and offers a mobile app for trading on the go. With stringent regulatory compliance and advanced security measures such as multi-signature wallets, SSL encryption, and two-factor authentication, BitFlyer EU is a secure option for trading cryptocurrencies.

However, BitFlyer EU has some limitations. The range of cryptocurrencies available is relatively narrow, which might not satisfy more adventurous traders looking for lesser-known coins. Additionally, while the platform’s fees are competitive, especially for high-volume traders, they can be higher compared to some other exchanges for smaller trades. Furthermore, there have been some user complaints regarding slow customer support and issues with account verification processes. Overall, BitFlyer EU is well-suited for those prioritizing security and ease of use, but may not be the best choice for traders seeking a wide variety of altcoins.

Pros

Robust security measures: BitFlyer EU employs advanced security features like multi-signature wallets and two-factor authentication.
Supports EUR deposits: Convenient for European traders with multiple payment options.
Advanced trading options: The "Lightning Exchange" provides tools for experienced traders.

Cons

4,2

Threenvest Score

Fees

0.15% (Maker), 0.15% (Taker)

U.S Legal

Yes

Why can you trust Threenvest?

At Threenvest, we are unwaveringly committed to providing you with unbiased ratings and information. Our editorial team operates independently, free from any advertising influence. We use meticulous, data-driven methodologies to evaluate financial products and companies, ensuring that all assessments are conducted on a level playing field.

To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose BitFlyer EU?

Choosing BitFlyer EU for cryptocurrency trading is a smart move for several reasons. Firstly, the platform offers robust security measures, including multi-signature wallets, SSL encryption, and two-factor authentication, ensuring that your funds and personal information are well-protected. Additionally, BitFlyer EU is licensed by the Luxembourg Ministry of Finance, adhering to stringent regulatory standards, which enhances its credibility and trustworthiness.

Secondly, BitFlyer EU’s fee structure is highly competitive, particularly for high-volume traders. The platform charges lower trading fees compared to many other exchanges, making it an economical choice for frequent traders. With fees as low as 0.10% for large trading volumes, users can maximize their profits without being burdened by high costs.

Lastly, BitFlyer EU provides a user-friendly interface with features tailored to both beginners and advanced users. The “Buy & Sell” feature is perfect for those new to cryptocurrency, allowing for easy and instant transactions at market prices. For experienced traders, the “Lightning Exchange” offers advanced trading tools, including charts, order books, and various order types, ensuring a comprehensive trading experience. These features, combined with excellent customer support and a wide range of payment methods, make BitFlyer EU a top choice for cryptocurrency traders.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert on our site, I highly recommend BitFlyer EU for its excellent security measures and user-friendly platform. Whether you’re new to crypto trading or an experienced trader, BitFlyer EU provides a secure environment and competitive fees that make it an attractive choice. The platform’s advanced trading tools and solid regulatory compliance further enhance its appeal. Overall, BitFlyer EU is a reliable and efficient exchange for anyone looking to trade cryptocurrencies.

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.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.