BitFlyer a highly controversial Japanese bitcoin exchange has announced the launch of a new bitcoin trading service for EU (European Union) market with no fees.
Suspension of Service for Japan-based Clients
Last year, BitFlyer announced the suspension of service for new Japanese clients. This is as a result of the growing concern of the Japanese regulator as regards the exchange’s Anti-Money laundering and know-your-customer procedures.
About six different exchanges were told yo halt opening account for Japanese by the country’s FCA/Financial Service Agency. However, earlier this month, bitFlyer announced resuming of account opening for Japanese users.
Not up to a month since resuming account opening, the exchange has commenced provision of service for the EU market.
Reportedly, the EU market-focused services is a simple bitcoin trading service, targeting users to access to a simple way of buying and selling bitcoin. According to the platform “, anyone can buy and sell cryptocurrencies without the complexity and limitations of advanced platforms.”
The exchange made a tweet regarding this latest development.
The tweet reads:
bitFlyer Buy/Sell is available today on desktop! With Buy/Sell, trading #bitcoin and #cryptocurrencies is simpler, faster and more transparent. Learn more on our blog post: https://blog-eu.bitflyer.com/buy-sell-bitcoin-trading-made-simple/
Buy & Sell bitcoin with bitFlyer Buy/Sell, bitcoin trading made simple
Are you interested in Bitcoin trading but find traditional exchanges confusing and difficult to use? bitFlyer has developed a new way to buy and sell cryptocurrencies without the complexity and.
Boasting on how fast and transparent it service is, compared to others, the exchange said:
“Set up the amount you want to purchase, click Buy or Sell then click Confirm and that’s it, your transaction is validated, bitFlyer confirms.”
As regards licencing, the exchange claims that it is a licensed financial institution operating in Europe, Japan, and the United States. However, while registering there is a warning which prevents users resident in the U.S from registering on its platform.
“bitFlyer Buy/Sell is a virtual currency exchange for everyone – with simple two-click buy and selling 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.” Andry Bryant, the co-lead and COO of bitFlyer Europe explained
Reportedly, users of bitFlyer Europe can exchange bitcoin for euros with a maximum of 20 BTC per transactions.
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