BitFlyer news

BitFlyer launched an exchange service for European users

Japanese BitFlyer Exchange Platform has launched the new trading platform. The purpose of the European division of the exchange is to simplify the buy and sale of bitcoins for users from Europe.

According to bitFlyer, it is easier to buy and sell BTC on a new exchange service than on spot exchanges. Both experienced traders and beginners can use the new trading platform. Prior to that, the platform offered Lightning service on the European market, which is intended only for professional traders.

On the new bitFlyer Buy / Sell service, users will be able to exchange bitcoins for euros. There is a limit of 20 BTC per transaction. The website reports that users do not have to pay a fixed fee for the purchase and sale of bitcoins.

New users need to provide such personal data as their residential address, telephone number and identity document.

The cryptocurrency exchange has a license for its activities in Japan, the United States and Europe. BitFlyer Europe operations director Andy Bryan said: 

“bitFlyer Buy/Sell is a virtual currency exchange for everyone – with simple two-click buy and sell capability. Not only is bitFlyer Buy/Sell easy to use, but with us users have the confidence that they are using a trusted, regulated platform with long-standing global heritage.”

It is worth saying that a year ago, the Financial Services Agency of Japan (FSA), due to weak identification procedures and the potential risk of money laundering, ordered the bitFlyer cryptocurrency exchange to improve operations. In early July, the exchange resumed opening new accounts.

Dylan Walker

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