Can anyone share their experiences with BitFlyer?

[ConnerDalfino]

The BitFlyer app seems to be a good alternative with no commissions and a lower fee structure than Binance. The company is headquartered in Japan and operates on the EU market from Luxembourg. In my opinion, their site is clean and simple, since they don't offer a lot of coins and tools.

Could anyone tell me more about this exchange? What is their legitimacy? What kind of experiences have you had?

[hugeblack]

The BitFlyer app seems to be a good alternative with no commissions and a lower fee structure than Binance. The company is headquartered in Japan and operates on the EU market from Luxembourg. In my opinion, their site is clean and simple, since they don't offer a lot of coins and tools.

Could anyone tell me more about this exchange? What is their legitimacy? What kind of experiences have you had?

What is your reason for using this platform? Do you mean avoid KYC because I think you must pass KYC test for using BitFlyer and IRS will know all of your transaction due to the many relations between Japan and the United States.

On the safety side, the platform is a private company registered in Japan and has its headquarters. It is safer than Binance, but I do not think that you will find all the trading pairs with the liquidity you want on Binance.
If you do not have a problem with identity verification and want to trade, Binance is better, but if you are looking for main pairs, BitFlyer is better.

[sheenshane]

I never use this exchange platform but I think if the KYC thing you mean, IIRC they are a decentralized exchange platform that is far different from Binance.

Here is the comparison while having short research between Binance and BitFlyer exchange.
https://www.cryptowisser.com/exchange/binance/vs/bitflyer/


Which is the majority choose was Binance over BitFlyer.

[hugeblack]

Which is the majority choose was Binance over BitFlyer.

I think this trust will begin to undergo under pressure, where Binance has imposed KYC to all new users^[1], and there are legal problems with many countries, which will make any new user think twice before deposited.
I also think there are problems in deposit and therefore difficulty to buy Bitcoin or altcoins.
So for daily or crypto traders Binance is better.
for basic trading pairs, legal and withdrawal, BitFlyer is better than Binance

[Potato Chips]

Here is the comparison while having short research between Binance and BitFlyer exchange.
https://www.cryptowisser.com/exchange/binance/vs/bitflyer/
...
Which is the majority choose was Binance over BitFlyer.

That's because binance has way more users than bitflyer which isn't surprising. Bitflyer supports way less countries, coins, has mandatory KYC and probably didn't do wide-scale promotions. The chart showed it, from 2k votes vs from 200 votes.

These user scores as a whole should not be taken into account IMO. They can easily be abused which could be as easy as changing IP address. Cryptowisser can set up a system to fight this back, but it's not gonna be perfect, some will slip thru, some will be wrongly tagged. Lastly, the reason behind each vote is not stated, who knows that one star could be their fault all along.