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bitFlyer, The Largest Japanese Crypto Exchange Now in Europe
23 Jan2018
bitFlyer, the largest Japanese cryptocurrency exchange has been granted payment institution (PI) license to operate in the European Union (EU) and is now accepting registrations for users from EU. It is interesting to note that this has become the first Bitcoin exchange to be regulated in Japan, the US and Europe, making it the most compliant virtual currency exchange in the world at the moment. The Japanese crypto market is booming and thanks to bitFlyer users from Europe and USA should be able to get access and trade Bitcoins on that market.
The not so good news at the moment is that bitFlyer’s initial product offering is only the BTC/EUR pair, though the already has company plans to add support for other virtual currencies such as Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC) and Bitcoin Cash (BCH) later in the year. bitFlyer Europe is offering zero percent trading fees as an introductory promotion until the end of February 2018.
There are two account classes available at bitFlyer at the moment, one is Trade and the other one is Trade Pro with the difference being the limits you get. The catch with the standard Trade account is that your virtual currency deposits will be put on hold until your make your first EUR deposit. The Trade Pro option does require an ID and residential proof and unlocks unlimited deposits and withdraws of crypto and EUR. It is not yet know how much time a verification will take with the recent peak of registrations of new users in pretty much every open crypto exchange on a daily basis. Our experience however has shown that it is a good idea to register early and avoid possible issues later on, even if you do not start to use an exchange immediately.
– To check out the European branch of the bitFlyer cryptocurrency exchange…
- Publihsed in: Crypto News
- Related tags: bitcoin exchange, bitFlyer, bitFlyer EU, bitFlyer Europe, bitFlyer Japan, bitFlyer US, bitFlyer USA, BTC exchange, licensed crypto exchange, licensed exchange
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4 Responses to bitFlyer, The Largest Japanese Crypto Exchange Now in Europe
Abbie
January 23rd, 2018 at 22:54
Great update! Many industry leaders think Europe is the market most poised to expand in 2018. Market caps could drastically increase :D
BitCoinBull
January 23rd, 2018 at 23:02
Hey Abbie,
Do you have any ideas on how bitcoin and other cryptocurrency regulation are going to affect the growth? Right now India seems to really be stunting things. I’d hope to see BTC reach $20,000 again by some point.
btc trader
January 23rd, 2018 at 23:53
uauu, I’m anxious to use this new Exchange. But in order to mix future BTC earnings, what mixer would you recommend? I have heared that helix mixer is the best.
mixerworld
January 24th, 2018 at 02:33
Yes, but I always recommend using its onion service through tor http://grams7pqxexlc5es.onion
If you dont know how browse the deep web just google for “tor browser” or simply visit https://www.torproject.org/projects/torbrowser.html.en , download tor browser and install it. After that you can browse all .onion domains.
btw, I would like to check if bitFlyer has more competitive fees that kraken.
Thanks for the post!!