Hi Coin People
I am getting nowhere with Bitflyer AI support center or FAQs so if anyone can help…
Purchased 50,000 yen of Doge today. As soon as Spot purchase made the Doge appeared but at a value of 47,500 yen. No drop in Doge value in the 2 seconds it took to do the transaction.
Surely the fees can’t be 5% can they?
Same happened in December 23 when i purchased 105,000 across 3 coins and the value of coins showed an instant hit if 5,000 yen.
Tried asking Bitflyer and git useful automated responses.
Anyone know what’s happening here?
Thanks!
by chantastical
8 comments
The fees are 5%. The best way to avoid this is to buy XRP on Bitflyer lightning, then transfer (for free) to a CEX where they have spot trading available for the token you want to trade.
Happens on coincheck as well
Those fees are insane. Take a look at ByBit.
I found that purchasing off their main page (using the big fool-proof buy and sell buttons for newbs) incurs a large fee. If you open up bitflyer lightning and go to the actual market page, then set your order, you can get it pretty close to what your initial value was.
I recommend you to use bitbank. It has stop purchase option.
It’s called spread. Use the lightning option.
Bitflyer is cr@p. I see 10% fees on doge coin and shiba inu. If its 10% on sales as well, its crazy how much they’re gouging. Not to mention they’re broken right now…deposits not reflecting, not respinding to tickets, and frequently shutting down buy / sell option on coins. Imagine if you’re trying to sell in a rush (its a gamble after all at the moment) and they simply dont allow it…
Thanks for the comments.
I have some coin in Exodus vault. Am thinking of selling and was planning bit flyer. But based on these ridiculous buy/sell rates, i could lose up to 20% of the value.
Does anyone know an easy App for selling coin in Japan that will give me a fair market sale price? A few were suggested, but is Binance any good?