Comparison of Bitflyer vs Cointiger [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bitflyer vs Cointiger comparison!

Your expert: Alejandro Borja

Bitflyer

Investing risks losing your money

Your expert: Xavier Tarrasó

Cointiger

Investing risks losing your money

Main points

Fees

0,10%

Earns

Yes

Customer service

4/5

0,08%/0,15%

Fees

Earns

3/5

Customer service

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Buy and hold

Comparison of fees

Rating

4.0 – Competitive fees with some discounts for high-volume trading.

4.0 – Competitive fees with additional benefits for token holders.

Level

0,10%

0,08%/0,15%

Brief explanation

BitFlyer structures its commission fees with an aim to be transparent and competitive, though they are often perceived as slightly higher than some of its global competitors. The exchange charges a flat fee for transactions, which can vary slightly depending on the market conditions and the specific services used. For instance, trading Bitcoin typically incurs a fee of about 0.1% to 0.15%, but this can differ for other cryptocurrencies or more complex transactions such as futures or options trading. Importantly, these fees contribute to the high level of security and regulatory compliance that BitFlyer offers, making it a trusted platform despite the slightly higher costs.

CoinTiger offers competitive trading fees with a clear and straightforward structure. For spot trading, the exchange charges a 0.15% fee for takers and a 0.08% fee for makers. This is quite favorable compared to the global average of around 0.25%. For futures trading, the fees are even lower, with makers paying 0.025% and takers paying 0.07%. CoinTiger also has a VIP system that offers tiered discounts based on trading volume, which can significantly reduce these fees. There are no deposit fees, but withdrawal fees vary depending on the cryptocurrency, with Bitcoin withdrawals costing 0.0005 BTC, which is below the industry average .

Bitflyer

Year Founded: BitFlyer has been operational since 2014, giving it a long-standing presence in the cryptocurrency world. This longevity in the rapidly evolving digital currency landscape speaks to its stability and enduring commitment to its users.
Security Methods: BitFlyer employs rigorous security measures, including compliance with multiple regulatory standards across jurisdictions. It uses advanced encryption and follows strict internal security protocols to safeguard user data and funds.
Possible Regulation: The exchange is one of the few that has successfully navigated the strict regulatory environments of Japan, the United States, and Europe. It holds significant licenses, including the prestigious New York BitLicense, enhancing its credibility and trustworthiness.
Reputation and Reviews: BitFlyer's reputation in the crypto community is strong, bolstered by positive reviews from users who praise its user-friendly platform and security practices. Its regulatory compliance further reinforces its reputation as a trustworthy platform.
Trading Volume and Liquidity: With a substantial trading volume and high liquidity, BitFlyer offers users the advantage of better price stability and the ability to execute large transactions with minimal impact on the market price, making it a reliable platform for trading major cryptocurrencies.

Read bitflyer review

Cointiger

Year founded: CoinTiger was founded in 2017, establishing itself as a relatively mature player in the cryptocurrency exchange market .
Volume managed: CoinTiger has demonstrated significant trading volume, with a peak 24-hour trading volume reaching $673.3 million in October 2022, reflecting high activity and liquidity on the platform .
Number of users: The platform has amassed over 2 million users globally, indicating a broad user base and a significant level of trust from the community .
Reputation and reviews: Despite some mixed reviews, CoinTiger generally maintains a positive reputation in the crypto community, supported by its user-friendly platform and competitive fees .
Security methods: CoinTiger implements robust security measures, including two-factor authentication (2FA), cold storage for cryptocurrencies, and partnerships with security firms like John Wick Security Lab .

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Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

bitFlyer, Inc.

TAI YI INTERNATIONAL TECHNOLOGY PTE. LTD.

Regulation

Regulated in Japón

Not regulated

Year founded

2014

2017

Founder

Yuzo Kano

Unknown

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Bitflyer	FEATURES	Cointiger
BitFlyer allows relatively low minimum trades, making it accessible for beginners.	Minimum Trade	Allows low minimum trade amounts, making it accessible for beginners.
Fees are slightly higher than average, which may deter frequent traders.	Trading and Transaction Fees	Competitive fees but could be lower for high-volume traders.
Offers a moderate selection of major cryptocurrencies, but lacks variety in altcoins.	Number of Cryptocurrencies	Supports over 150 cryptocurrencies, providing diverse trading options.
Supports a solid range of trading pairs, suitable for most traders’ needs.	Crypto-to-Crypto Trading Pairs	Wide variety of trading pairs available, enhancing trading flexibility.
High transparency regarding security practices and compliance, fostering user trust.	Website Transparency	Clear information available, but lacks detailed regulatory disclosures.
bitFlyer offers a prepaid card in Japan, which can be used for online and in-store purchases. This card allows users to spend their crypto directly, making it convenient for daily use.	Credit/Debit Card	Does not offer its own exchange card for purchases and benefits.
Provides secure cold storage options, ensuring safety for user funds.	Storage Offering	Provides secure storage with cold wallet options, ensuring asset safety.
Offers basic staking features and rewards but not as extensive or competitive as other exchanges.	Staking and Rewards	Offers staking options with competitive rewards, appealing to passive income seekers.
Both mobile and desktop platforms are user-friendly, well-designed, and reliable.	Mobile App and Desktop	User-friendly mobile app and desktop interface, facilitating easy access and trading.
Generally responsive and helpful customer service, though some users may experience delays.	Customer Service	Limited support options and slow response times, needing improvement.
Efficient deposit and withdrawal processes, but could be improved with more payment methods.	Deposit and Withdraw	Supports various deposit and withdrawal methods but can face delays.

Key features

Analysis tools

Basic to intermediate charting tools

Basic charting tools, technical indicators

Mobile APP

Security

High 4,9/5

High 4/5

Additional features

Spot trading, margin trading, Bitflyer Lightning exchange, recurring buys

Margin trading, futures trading, staking, CoinTiger token (TCH) rewards

Anonymity

Yes

Key points

Available cryptocurrencies

10+

100+

User-friendliness

Bitflyer features a simple and intuitive interface, ideal for beginners. The platform focuses on providing a seamless trading experience, making it easy for new users to buy and sell cryptocurrencies.

CoinTiger offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Provides reasonable value for money with low trading fees and a user-friendly platform, making it a good choice for beginners.

Offers good value for money with competitive fees and a wide range of supported cryptocurrencies, making it an affordable option for traders.

Countries of operation

Japan, United States, Europe

Singapore, United States, Canada, Australia, United Kingdom

Best for

Great for beginners and experienced traders in Japan, the US, and Europe who want a user-friendly platform with competitive fees.

Best for traders seeking a platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

JPY, USD, EUR, BTC

USDT, BTC

Account

Trading

Bitflyer provides a secure and easy-to-use platform with a decent selection of cryptocurrencies. It is particularly popular in Japan. However, it lacks some of the advanced trading features found on other major exchanges.

CoinTiger offers a wide range of cryptocurrencies and advanced trading tools. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

Bitflyer offers secure and efficient deposit and withdrawal methods, including bank transfers and crypto deposits. Withdrawals are processed within a day, and fees are competitive .

CoinTiger offers multiple deposit options like bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Account opening process

Bitflyer’s account opening process is easy and efficient. Users need to provide personal information, verify their identity, and address. The process is fully digital and typically takes less than a day.

CoinTiger provides a seamless account registration process. Users need to fill out personal details and verify their identity. The process is fully digital and typically takes less than a day to complete.

KYC required?

Yes

Customer Service

Bitflyer offers customer support via email and live chat. The support team is responsive, and support is available 24/7, making it convenient for users needing immediate help.

CoinTiger provides support via email and live chat. The support team is responsive and available 24/7, ensuring users get timely assistance.

Security

Bitflyer ensures high security with 2FA, encryption, and cold storage. It is regulated by Japanese authorities, ensuring strong security for investors.

CoinTiger ensures security with 2FA and cold storage. However, it is not regulated by top-tier financial authorities, which might be a concern for some users.

Which of these exchanges is for you?

Alejandro Borja

As an expert on our website, I recommend BitFlyer for users new to cryptocurrency trading due to its user-friendly interface and robust security measures. While its trading fees are a bit higher and the variety of cryptocurrencies somewhat limited, BitFlyer’s strong regulatory compliance and excellent platform stability make it a reliable choice for those prioritizing security and ease of use. If you’re starting your crypto journey, BitFlyer is a commendable option to consider.

Xavier Tarrasó

As an expert on our website, I recommend CoinTiger for its diverse range of cryptocurrencies and user-friendly mobile app, which make trading accessible for both beginners and experienced users. However, it’s important to be aware of some limitations, such as slower customer support response times and regulatory transparency. Overall, CoinTiger is a solid choice for those looking to explore a wide variety of digital assets with ease.

View all comparisons against Bitflyer

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.