bitFlyer: The Ultimate Beginner’s Guide to Cryptocurrency

bitFlyer: The Ultimate Beginner’s Guide to Cryptocurrency

After a general presentation of the bitFlyer cryptocurrency exchange , we will start to take a closer look at its different functionalities. Let’s start with a little point on the user account dashboard first. We will then take a detailed look at the “Instant Buy” feature , which is ideal for all newbies in the universe who want to easily buy their cryptocurrencies.

This is a promotional article written in collaboration with BitFlyer.

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bitFlyer: a clear and intuitive interface

Once you have gone through the usual small formalities to create an account on bitFlyer , you will arrive on the dashboard („Home“) of your account (see below).

Clearly visible, in the center, is the summary of the cryptocurrencies in your possession („My assets“). You will see there:

The amount of each crypto you own (“Amount”);
The quantity available (i.e. not committed to a trading order);
The price in euros of a unit of the cryptocurrency in question (for example, 8,392 € for 1 BTC in the image below);
The total value in euros for each type of cryptoassets at your disposal.

On the right side of your homepage, you’ll find a summary of the bitcoin (BTC) price, including the highest and lowest over the past 24 hours.

Using the menu tab on the far left, you can easily access the different sections of your account, which include:

“Bitcoin” , where you can trade the famous king of cryptocurrencies;
„Altcoins“ , which will allow you to exchange up to 6 different cryptos: Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Monacoin (MONA) or even LISK;
„BitFlyer Lightnening“ , which will provide the most advanced with a complete and professional trading interface;
„Deposit and Withdrawal“ , where you can deposit and withdraw your euros or your cryptocurrencies
“Settings” , which will allow you to make various settings relating to your account, particularly in terms of security;
Etc.

The function Instant Buy from bitFlyer

Let us now take a look at the Instant Buy function , which can be found in the menu tab that we have just described.

This service offered by bitFlyer is perfect for beginners in the cryptosphere and also for those who want to buy their cryptos quickly .

In any case, no worries here! If technical price charts and order books filled to the brim with numbers aren’t your cup of tea, with Instant Buy you will be able to buy your cryptos in just a few clicks and seconds .

Once on the Instant Buy page (below), you will be able to:

Choose the cryptocurrency you want to buy among the 7 available on bitFlyer;
Select a predefined amount or a personalized amount, in euros to invest in this crypto;
Choose your payment method , either by credit card (Visa or Mastercard) or via the SOFORT, iDEAL or giropay payment services;
And There you go ! It’s already over . You just have to enter the data of your bank card and validate, and your first cryptos are yours.

BitFlyer’s Instant Buy service, to buy your cryptos in a flash! – Source: bitflyer.com
We saw it here. The bitFlyer exchange platform is very user-friendly and easy to access, even for those new to the world of crypto-assets. But we will also soon see that this platform meets all needs, even the most demanding. In a future article, we will discover the bitFlyer’s trading interface. In the meantime, we invite you to discover the platform via this link .