What is bitFlyer Lightning (bitFlyer Lightning)? Chart/FX fees and how to mute sounds

When using BitFlyer’s cryptocurrency charts, you will see a word labeled 【Lightning】 on the left side.

This article introduces the features of the word 【Lightning】, FX fees, and how to mute sounds after registration.

What is BitFlyer Lightning (bitFlyer Lightning)?

BitFlyer Lightning is an exchange operated by BitFlyer, Inc.

The two supported trading types are the following.

These two types of trades are supported.

In Bitcoin and Ethereum spot trading, you can buy with Japanese yen, or sell your Bitcoin or Ethereum to convert to Japanese yen.

What is spot trading?

Spot trading isthe standard type of trading.

For example, it’s easy to understand by thinking about buying a convenience-store meal (product) with money.

In short, there are sellers and buyers, and a trade takes place.

What is futures trading?

Futures arean agreement to buy or sell in the future.

For instance, it’s easy to understand if you imagine two people: one reserving a restaurant and agreeing on a date, and the other waiting to visit on that date.

In short, you agree on price and quantity in advance, and perform the buy/sell on the agreed date.

Features of BitFlyer Lightning

If you’re looking for a safe, easy-to-use exchange for trading, BitFlyer Lightning is recommended.

BitFlyer Lightning has the following four features.

Now, let’s introduce them one by one.

1. Founded by a former Goldman Sachs trader

Goldman Sachs is a financial group headquartered in the United States.

Goldman Sachs acts as a broker for various rapid trades in stocks, bonds, currencies, real estate, etc., and also provides private banking, making it a financial specialist.

Therefore, because it is created by a trader from a major financial institution, it is a highly trusted Bitcoin exchange.

2. Safely stored in a cold wallet

BitFlyer Lightning stores more than 80% of Bitcoin in cold wallets.

And because it uses cryptographic communication stronger than that of major financial institutions, it ensures world-class security.

Furthermore, it also supports multi-signature (multi-sig) for added protection.

In other words, it is safeguarded against hacking and other damages, allowing you to trade safely and securely.