Comparison of Bitflyer vs Tradeogre [ 2024 ]

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

Your expert: Alejandro Borja

Bitflyer

Your expert: Xavier Tarrasó

Tradeogre

Main points

Fees

0,10%

Earns

Yes

Customer service

4/5

0,20%

Fees

Earns

2/5

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 high-volume trading.

Level

0,10%

0,20%

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.

TradeOgre operates with a straightforward commission structure that appeals to many users, especially those trading in smaller volumes or those new to the cryptocurrency world. The exchange primarily charges a flat trading fee of 0.2% per trade, which is relatively competitive and simple to understand. This fee applies uniformly across all trades, without differentiation between makers and takers, making it easier for users to calculate potential costs associated with their trading activities.

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.

Tradeogre

Security methods: TradeOgre offers basic security features such as 2-factor authentication (2FA), providing a fundamental level of security for user accounts against unauthorized access.
Trading volume and liquidity: While not comparable to larger exchanges, TradeOgre maintains a decent level of liquidity for its niche altcoin offerings, making it possible for users to execute trades relatively smoothly.
Reputation and Reviews: TradeOgre has cultivated a niche but loyal user base that appreciates its privacy-focused trading environment. Reviews often highlight the ease of trading and the diverse selection of altcoins.
Customer service: Despite limited resources, TradeOgre provides essential customer support that addresses critical issues, maintaining operational integrity for its users.
Withdrawal and deposit policies: TradeOgre supports a wide range of cryptocurrencies for deposit and withdrawal, allowing users flexibility in managing their crypto assets with straightforward policies.

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Account Minimum

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Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

bitFlyer, Inc.

Unknown

Regulation

Regulated in Japón

Not regulated

Year founded

2014

2018

Founder

Yuzo Kano

Unknown

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Bitflyer	FEATURES	Tradeogre
BitFlyer allows relatively low minimum trades, making it accessible for beginners.	Minimum Trade	TradeOgre allows for relatively low minimum trades, making it accessible for beginners or those looking to trade small amounts.
Fees are slightly higher than average, which may deter frequent traders.	Trading and Transaction Fees	The platform is known for its low fee structure, which is competitive compared to many other crypto exchanges, enhancing its appeal to frequent traders.
Offers a moderate selection of major cryptocurrencies, but lacks variety in altcoins.	Number of Cryptocurrencies	TradeOgre excels in offering a wide variety of altcoins, including many that are not typically available on larger platforms, catering to niche market interests.
Supports a solid range of trading pairs, suitable for most traders’ needs.	Crypto-to-Crypto Trading Pairs	It supports a broad range of crypto-to-crypto trading pairs, giving users ample trading options and flexibility.
High transparency regarding security practices and compliance, fostering user trust.	Website Transparency	While TradeOgre provides essential information, it could improve by offering more detailed insights about its operations and security measures.
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	TradeOgre focuses on cryptocurrency trading with a minimalist approach and does not provide additional financial products like an exchange card.
Provides secure cold storage options, ensuring safety for user funds.	Storage Offering	The exchange provides basic wallet functionalities but lacks more advanced storage options such as cold storage or insured wallets.
Offers basic staking features and rewards but not as extensive or competitive as other exchanges.	Staking and Rewards	There are limited options for staking or earning rewards on investments, which could detract users looking for passive income opportunities.
Both mobile and desktop platforms are user-friendly, well-designed, and reliable.	Mobile App and Desktop	TradeOgre has a functional desktop platform, but the absence of a dedicated mobile app may hinder users who prefer trading on the go.
Generally responsive and helpful customer service, though some users may experience delays.	Customer Service	Customer service is minimal and mostly limited to email support, which might not suffice during urgent issues or for less tech-savvy users.
Efficient deposit and withdrawal processes, but could be improved with more payment methods.	Deposit and Withdraw	Deposits and withdrawals are straightforward but limited to cryptocurrencies, which might be a barrier for those looking to use fiat currencies.

Key features

Analysis tools

Basic to intermediate charting tools

Basic charting tools

Mobile APP

Security

High 4,9/5

Low 2/5

Additional features

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

Margin trading, staking, TradeOgre Earn, fiat on/off ramps

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.

TradeOgre 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 user-friendly platform, making it suitable for both beginners and experienced traders.

Countries of operation

Japan, United States, Europe

United States, Canada, United Kingdom, Australia, Germany

Best for

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

Suitable for both beginners and experienced traders seeking a user-friendly platform with competitive fees.

Base currencies available

JPY, USD, EUR, BTC

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.

TradeOgre focuses on lesser-known altcoins, offering a unique selection for users. It has competitive fees but lower liquidity and lacks advanced trading tools.

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 .

TradeOgre focuses on lesser-known altcoins, offering a unique selection for users. It supports various deposit methods, and withdrawals are processed quickly with low 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.

TradeOgre offers a seamless account registration process. Users need to fill out personal details and verify their identity. The process is fully digital and typically completed within a day.

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.

TradeOgre offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

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

TradeOgre offers comprehensive security measures, including 2FA and cold storage. However, it lacks regulation from major financial authorities, which might be a concern for some investors.

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 analyst at our site, I’d recommend TradeOgre for traders who are specifically interested in a diverse range of altcoins and prefer a platform that values user anonymity. While it’s great for exploring lesser-known cryptocurrencies, keep in mind that its minimal regulatory oversight and basic customer support could be a concern. If you’re comfortable with these aspects and prioritize privacy in your trading environment, TradeOgre could be a very suitable choice for your trading needs.

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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.