bitFlyer review: score, licensing and risks
73/100SCORE · BTrusted
Grade B, very good
bitFlyer holds licences in Japan, the EU through Luxembourg and parts of the US, and has operated for over a decade without a security incident. It lists very few assets and offers limited advanced features, which is the price of how conservatively it is run.
The facts
- FOUNDED
- 2014
- HEADQUARTERS
- Tokyo, Japan
- CUSTODY
- Custodial.
- MiCA / EEA
- Holds European authorisation through its Luxembourg entity.
- US ACCESS
- Yes, in some states.
- PROOF OF RESERVES
- Regulated custody under the Japanese FSA.
- FEES
- Around 0.01 to 0.15 percent on the exchange view.
- ASSETS
- 20 plus
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Licensed in Japan, the EU and parts of the US
- No security incident in over a decade
- Strong Bitcoin liquidity in JPY
- Conservative and well supervised
✗ Weaknesses
- Very small asset list
- Limited advanced features
- Fragmented across regional entities
Incident history
No major security breach or regulatory action on record.
Our read
One of the most conservatively run exchanges anywhere, licensed on three continents with no incident on record. The trade off is a very short asset list.
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RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.