Home / Crypto News / [BitFlyer fee summary] Thorough explanation of three tips to reduce high fees

[BitFlyer fee summary] Thorough explanation of three tips to reduce high fees

  • The fee for bitFlyer is high? cheap?
  • I want to know the list of fees
  • How can I make fees as cheap as possible?

This page explains the fees charged to bitFlyer for such people.

By reading this, you can see when bitFlyer is charged and how you can reduce it!

Please check it out to use it without any fees.

A thorough explanation of the fees charged by bitFlyer! List of paid and free fees

Deposit fee (Japanese yen) free
Withdrawal fee (Japanese yen) 216 ~ 756Circle
Remittance fee (cryptocurrency) Varies by currency type
Exchange Fee (Spot Transaction / Lightning Spot) 0. 01 to 0. 15%
Exchange fees (FX / Future) free
Sales commission (spread) Free (effective 0.1% to 6.0%)

All fees charged when using bitFlyer (bit flyer) Is summarized in the table above.

cryptocurrency transaction fees and withdrawal fees vary depending on the amount of money being operated. BitFlyer offers not only spot trading but also futures trading and cryptocurrency sales services for beginners.

Let's check each fee in detail!

BitFlyer fee summary
  • Japanese yen deposit fee
  • Japanese yen withdrawal fee
  • cryptocurrency remittance fee
  • Exchange and Lightning transaction fees
  • Bitcoin / altcoin sales office fee

Japanese yen deposit fee

Fee Time until reflection
Bank deposit free It takes some time
Quick deposit 324Circle

(Free for SBI)
365Day24 Immediate time reflection

bitFlyer (bit flyer) Japanese yen deposit method is “ bank deposit '' and “ Quick deposit ”.

Bank deposit fees are free, but it may take some time to reflect.

On the other hand, quick deposit is 24time365 You can deposit quickly anytime, but 324 A yen fee will be charged.

However, Quick deposit from Sumitomo SBI Net Bank If you do, the fee will be free so it is advantageous to prepare it!

Beware of transfer fees
Deposit fee for bitFlyer is free, but bank account transfer fee is at your own expense Become.

Japanese yen withdrawal fee

Less than 30,000 yen Over 30,000 yen
Sumitomo Mitsui Banking Corporation 216Circle 432Circle
Other banks 540Circle 756Circle

The withdrawal fee for Japanese yen is less than 30,000 yen 540 Yen, over 30,000 yen 756Circle It is a variable system.

However, if the withdrawal destination is Sumitomo Mitsui Banking Corporation, it is less than 30,000 yen Yen, over 30,000 yen 432 Yen and about half price.

It is recommended to register Sumitomo Mitsui Banking Corporation as a withdrawal account to reduce the fee as much as possible.

For Jibun Bank, quick withdrawals are also possible
If you open an account of Jibun Bank, it will be faster than usual You can use the quick withdrawal method, which allows you to withdraw at a low fee (the same fee for Sumitomo Mitsui Banking)

Remittance fee for cryptocurrency

cryptocurrency Remittance fee
BTC 0. 0004
EHT 0. 005
LTC 0.0 01
BCH 0.00 02
ETC 0. 005
LSK 0.1

The above table summarizes the withdrawal fees and minimum withdrawal amounts for virtual currencies handled by bitFlyer.

As you can see from the table, withdrawal fees vary depending on the type of cryptocurrency.

Comparing each fee well, it is also a trick to reduce the fee by withdrawing in cryptocurrency that does not charge as much as possible.

Exchange and Lightning transaction fees are relatively cheap

Latest 30 Daily trading volume BTC (actual / Lightning) Alto Coin (Lightning)
10 Less than Yen 0 15% 0.2%
10 10,000 yen ~ 20 Less than Yen 0 14%
20 10,000 yen ~ 50 Less than 10,000 yen 0. 13%
50 10,000 yen ~ 100 Less than 10,000 yen 0. 12%
100 10,000 yen ~ 200 Less than 10,000 yen 0. %
200 Ten thousand yen ^ 500 Less than 10,000 yen 0. 10%
500 10,000 yen ~ 1, 000 Less than 10,000 yen 0. %
1, 000 10,000 yen ~ 2, 000 Less than 10,000 yen 0. 07%
2, 000 10,000 yen to 5, 000 Less than 10,000 yen 0. 05 %
Five,000 10,000 yen to less than 100 million yen 0. 03%
100 million yen to less than 500 million yen 0. 02%
More than 500 million yen 0. 01%

Exchange and Lightning are exchange-type transactions that allow users to trade directly with each other.

bitFlyer transaction fee is bitcoin If there is 0 01% ~ 0. 15% It is set and the latest 30 The higher the amount of transactions per day, the cheaper it will be It is structured.

On the other hand, Altcoin fees are uniform. 0.2% .

Be sure to keep in mind that transaction fees are charged every time you make a cryptocurrency transaction.

Bitcoin / altcoin sales commission is high (spread)

A sales office is a transaction in which a user buys and sells bitFlyer and cryptocurrency.

If you look at the official website, bitFLyer's sales commission is indicated as free, but at the price presented to the user A price that includes a commission (spread) of about 0.1-6.0% Presented.

Sales offices are convenient because you can purchase cryptocurrency very easily, but you should know that spreads are higher than exchanges.

Therefore, if you get used to cryptocurrency trading, It is recommended to use an exchange instead of a sales office .

Explain three ways to reduce the fee with bitFlyer!

Up to here, when using bitFlyer I explained all the fees that come.

It is of course important to know how fees work, but more important is knowing how to reduce fees. .

Here, bitFlyer keeps fees low I will introduce three methods .

Check one by one so you can trade without any fees!

Three tips to reduce fees
  • Accounts of SBI Sumishin Net Bank and Sumitomo Mitsui Banking Corporation Reduce deposit and withdrawal fees by preparing
  • Withdrawing Japanese yen and cryptocurrency as many times as possible
  • Sales office Instead of actively using exchanges

Prepare SBI Sumishin Net Bank and Sumitomo Mitsui Banking accounts to reduce deposit and withdrawal fees

bitFlyer is a special bank You can reduce fees by depositing and withdrawing from your account.

For example, Sumishin for quick deposits Transfer from SBI Net Bank account, normal fee 324 Yen can be made free of charge.

Regarding withdrawals to Sumitomo Mitsui Banking Account, normal fees 540 ~ 756 Yen 216 ~ 432 Yen Can be reduced.

In this way, if you prepare a bank account with a low fee, it will cost you a total Fees can be reduced.

Withdrawal of Japanese yen and cryptocurrency Collect as few times as possible

As explained in “Japanese Yen Withdrawal Fee” and “cryptocurrency Withdrawal Fee”, withdraw frequently from bitFlyer every time. A fee will be required.

Therefore, It is recommended to do it in a small number of times .

Of course, it is important not to leave many assets on the exchange like bitFlyer for risk diversification, but many times It is not recommended to repeat deposits and withdrawals.

If you put enough funds on the exchange, including bitFlyer, you will not have to repeatedly deposit and withdraw money. .

Aggressive exchanges, not sales offices

Bitcoin sales commission About 0.1-6.0%
Bitcoin Exchange Fee 0. 01 ~ 0. 15%

cryptocurrency can be easily bought and sold The sales office is for beginners, but the commission is higher than the exchange It has become.

For example, 10 When purchasing 10,000 yen worth of cryptocurrency (bitcoin)

  • Fees at sales offices 600 Yen ~ 6, 000 Yen
  • Exchange 150 Yen

In this way, there is a considerable difference in the actual fee.

If this stacks up, it will be a big difference. Therefore, if you want to trade many times, let's master how to use the exchange as soon as possible.

Active use of exchanges will lead to a reduction in fees at bitFlyer.

The fee for bitFlyer is high? cheap? Thorough comparison with major exchanges

bitFlyer coincheck bitbank GMO Coin DMM Bitcoin
Transaction fee (actual transaction) 0. 01 ~ 0. 15% 0% Maker: -0. 02% Taker: 0. 12% Maker: 0% Taker: 0. 01% 0%
Deposit fee free Free Free free free
Withdrawal fee (Japanese yen) 216 ~ 756Circle 400Circle 540 ~ 740Circle free free
Withdrawal fee (BTC) 0. 0004 0.0 01 0.0 01 free free
Withdrawal Fee (ETH) 0. 005 0. 01 0. 005 free free

I have explained the transaction fee and withdrawal fee of bitFlyer so far, but compared with other exchanges It is important whether it is expensive or cheap.

So, we compare bitFlyer's fees with those of other major domestic exchanges.

In order to reduce the fee for cryptocurrency transactions as much as possible, exchanges other than bitFlyer and transaction fees and withdrawal fees can be easily understood. Let's go.

bitFlyer Gold fee is high

Withdrawal fee (Japanese yen)
bitFlyer 216 ~ 756Circle
coincheck 400Circle
bitbank 540 ~ 740Circle
GMO Coin Free
DMM Bitcoin free

When compared with the withdrawal fee in Japanese yen, bitFlyer's fee is slightly higher You can see that .

As explained in the method of reducing fees, if you own a bank account of Sumitomo Mitsui Banking Corporation, you can reduce withdrawal fees. We recommend that you have it ready.

Also, be aware that you should withdraw money all at once without drawing too much.

bitFlyer is a bitcoin Exchange fees are high

Transaction fee (actual transaction)
bitFlyer 0. 01 ~ 0. 15%
coincheck 0%
bitbank Maker: -0 . 02% Taker: 0. 12%
GMO Coin Maker: 0% Taker: 0. 01%
DMM Bitcoin 0%

The transaction fee of bitFlyer is It looks higher than other exchanges.

There are other exchanges where the commission is 0% or the commission is converted to minus.

bitFlyer is the latest 30 There is a service that reduces Bitcoin fees according to the volume of transactions, so if you are doing frequent BTC transactions, you may be able to keep fees low.

If you only think about fees, you may want to consider other exchanges.


bitFlyer fee

I think you've found that there are basically two transaction fees and withdrawal fees required for bitFlyer!

Let us know how to keep bitFlyer's fees cheap, so that you can trade with as little fees as possible.

Author: Sacchan [Coin Desk News] – Source Post: http://gestyy.com/w5Hdsl

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