The cryptocurrency trading platform, however, was founded in 2014. Only a handful of facts are known about BitFlyer, outside of Japan. This review will attempt to dissect whatever information that we do know about this platform.
What Is BitFlyer?
BitFlyer is a cryptocurrency trading platform. It swaps BTC and Japanese Yen. Apparently, hedge funds, big banks, and entities that prefer trading in bulk prefer going with BitFlyer.
Top Rated Bitcoin Exchange 2020
Regulated PlatformVariety of CoinsAvailable via App
| 66% of retail investors lose money
when trading CFDs with this provider
Who Created BitFlyer?
Former Goldman Sachs trader Yuzo Kano is the founder of BitFlyer. He tried to create a platform that can compete with what is used in Wall Street Trading.
Is BitFlyer Safe?
From what we have gathered about BitFlyer, you have to proceed with a bit of caution. The trading platform has low scores in terms of code errors, but its web protocols security is at 100%. The pages are encrypted, to ensure that information typed into the page is protected.
There are other safety measures applied to BitFlyer’s pages, such as the use of an e-wallet, two-factor identification, multiple signatures, Know Your Customer (KYC), and other measures that will also prevent money laundering.
KYC is becoming quite common when registering to sites that want to make sure registrants are who they say they are. Moreover, it is good to know that the BitFlyer e-wallet has no reports of having been hacked.
BitFlyer Sign-Up Guide
Signing up for BitFlyer takes a few easy steps: