BitFlyer is a prominent cryptocurrency exchange headquartered in Tokyo, Japan, founded in 2014 by former Goldman Sachs trader Yuzo Kano. Recognized for its stringent security measures and regulatory compliance, BitFlyer has expanded its operations across Japan, the United States, and Europe.
Platform Features
Supported Cryptocurrencies
BitFlyer offers a curated selection of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), and Litecoin (LTC). This limited range allows the platform to focus on providing deep liquidity and robust trading features for these assets.
Trading Platforms
- bitFlyer Lightning: An advanced trading interface catering to professional traders, offering spot and margin trading with up to 2x leverage.
- bitFlyer Simple: A user-friendly platform designed for beginners, facilitating quick purchases and sales of cryptocurrencies.
Security Measures
BitFlyer prioritizes security by implementing:
- Cold storage for over 80% of Bitcoin holdings
- Multisignature wallets
- Two-factor authentication (2FA)
- Regular security audits
These measures contribute to its recognition as a Platinum Member of the Japan Blockchain Association.
Fees and Availability
- Trading Fees: Competitive fees with a maker-taker structure of 0.1%/0.1%.
- Availability: Accessible in Japan, select U.S. states, and throughout Europe. Note that services may vary by region.
Affiliate Program Overview
Global Affiliate Opportunities
BitFlyer offers affiliate programs in both the U.S. and Europe, providing opportunities for individuals and businesses to earn commissions by referring new users.
U.S. Affiliate Program
- Milestone-Based Rewards:
- $5 for Trade Class User verification
- $10 for deposits of $100 or more
- $15 for trades totaling $300 or more
- $20 for trades of $2,000 or more
- $50 upon achieving all milestones
- Payment Schedule: Rewards are distributed on the 10th of each month.
European Affiliate Program
- Commission Structure:
- €10 for Trade Class User verification
- €30 for deposits of €250 or more
- €60 for trades totaling €1,500 or more
- €30 for trades of €2,500 or more
- €130 upon achieving all milestones
- Platform: Managed through Impact, a leading affiliate marketing platform.
Pros and Cons
Pros
- Robust security infrastructure
- User-friendly interfaces for both beginners and professionals
- Competitive trading fees
- Regulatory compliance across multiple jurisdictions
- Attractive affiliate commission structure
Cons
- Limited selection of cryptocurrencies
- Availability restricted in certain regions
- Potentially high fees on instant buy/sell transactions
Conclusion
BitFlyer stands out as a secure and reliable cryptocurrency exchange, particularly suitable for users interested in Bitcoin and Ethereum. Its stringent security measures and regulatory adherence make it a trustworthy platform for both trading and affiliate marketing. However, prospective users should consider the limited cryptocurrency offerings and regional availability when evaluating the platform.