$15 bitFlyer Referral Code: rk5yzcr2 + $15 Sign up Bonus

bitFlyer Japan Referral Program

The exchange also incentivizes Japanese referrers to bring new users to the platform. The offering is available for app users and only applies when an invitee uses a referrer’s unique link to install the mobile app. The app is available for Android and iOS-powered devices.

After completing their accounts, the inviter gets 500 Japanese yen (JPY) in BTC while the invitee receives double this amount in Bitcoin. The referral needs to complete his or her profile within three months of creating the account to activate the referral incentives.

While there’s no limit on the number of invitees per inviter, bitFlyer may confiscate rewards, even after delivery, if it discovers that participants used dubious means to obtain referrals. bitFlyer Japan releases referral rewards one day after a referral successfully conducts identity verification.

bitFlyer Europe Referral Program

However, bitFlyer referrals need to buy or sell cryptocurrencies valued at a minimum of 100 EUR. bitFlyer disburses referral incentives 24 hours after an invitee conducts a qualifying trade. Eligible trades are executed using the Recurring/Instant buy or the Buy/Sell options.

Just like bitFlyer Japan and bitFlyer US, referrals only apply to the bitFlyer mobile app and not the web version. If you want to earn more referral bonuses, our referral program articles about Binance Referral and Voyager Referral can help you boost your earnings.

bitFlyer Affiliate Program

Apart from a bitFlyer referral program, bitFlyer also runs an affiliate offering for those seeking to dive deeper in promoting the exchange.

bitFlyer defines an affiliate as “someone who directs traffic/new users to the platform through a customized link, and gets rewards when the visitor performs a specific action such as completing KYC, depositing and trading.”

The exchange vets affiliates before allowing them into the program. Some of the program’s requirements include that the aspiring participant must be at least 18 years old, and the website where you intend to promote the platform should not contain sexual content.

Unlike the referral program, the affiliate program is also available for corporate users. bitFlyer US rewards affiliates on a milestone basis. These milestones are divided into individual tasks that a referral can complete.

For example, referrals that deposit 100 USD activate an affiliate reward of 10 USD, while invitees that trade a minimum of 2,000 USD earn the inviter a reward of 20 USD. Affiliate incentives are paid on the tenth of each month.

The affiliate program is also available to users in Europe. In the EU, affiliates must adhere to advertising guidelines set by local authorities and rules defined in the GDPR (General Data Protection Regulation).

bitFlyer doesn’t work with affiliates running websites dealing in gambling, illegal contests, pyramid schemes, or discrimination-related content. Impact, a leading automated solutions provider, powers bitFlyer’s EU affiliate program. Affiliates can access more than simple affiliate links; the platform also provides branded content like logos and ad banners. The affiliate program is ideal for bloggers, comparison sites, influencers, media buyers, and publishers.

bitFlyer Security

bitFlyer uses extensive security features to guard users’ funds. These measures are divided between the exchange’s infrastructure, network, user accounts, and cryptocurrency storage. For example, the platform safeguards its infrastructure by patching its operating system, encrypting its customer information database, and frequently checking the health of its servers.

The exchange secures its network by using next-generation technology in communication encryption, establishing firewall protection, and actively monitoring web traffic to arrest malpractices like denial of service (DoS) and distributed denial of service (DDoS).

The platform insists that all users create a strong password. In bitFlyer’s standards, a sufficient password needs to have a minimum of eight characters and have a mixture of upper/lowercase letters, numbers, and symbols. The platform also locks existing users out of their accounts if they enter the wrong login details multiple times.

Additionally, bitFlyer supports two-factor authentication (2FA) through methods like email, SMS, or authentication applications like Authy or Google Authenticator.

For extra security, bitFlyer sends a notification to your registered email every time you log into your account. The email contains a link to freeze your account in case you didn’t authorize the activity. Also, the platform logs users out after a period of inactivity to minimize illegal third-party operations.

bitFlyer uses multi-signature Bitcoin wallets to minimize hacks. One of the required signatures is stored in a remote offline location. Apart from multi-sig BTC storage, the exchange stores more than 80 percent of its Bitcoin holding in a hardware wallet. A 24-hour security system holds this storage under lock and key.

Also, bitFlyer manually monitors all deposit and withdrawal transactions to ensure they originate from real and authorized people.

bitFlyer FAQs (Frequently Asked Questions)

Has bitFlyer Been Hacked or Halted Activities?

Yes, the platform has at one time halted certain activities but has never been hacked. In 2018, bitFlyer ceased registering new users after Japan’s financial watchdog, the Financial Services Agency (FSA), accused the exchange of not providing sufficient measures to curb money laundering and malicious account access.

Additionally, the FSA observed that board members tasked with management were close friends of the then CEO, Yuzo Kano. In 2021, Kuniyoshi Hayashi, a Goldman Sachs alum, became the new chief executive officer.

Is bitFlyer A Global Bitcoin Exchange?

Yes. Although the exchange originated in Japan, it has since started the journey to attract a global user base. For instance, it operates in many of the United States including Arkansas, New York, Hawaii, District of Columbia, Colorado, Kentucky, Maine, Michigan, Minnesota, Ohio, Oklahoma, South Carolina, Washington, and Utah.

Additionally, the exchange is available in the United Kingdom (UK), Luxembourg, Malta, Poland, Spain, Netherlands, Finland, Sweden, Bulgaria, Denmark, and other European Union countries.

What’s The Difference Between bitFlyer Easy Exchange and Lightning Pro Exchange?

The difference between these exchanges lies in their features. The Easy Exchange has a few simple features since it is for beginners. On the other hand, the bitFlyer Lightning Pro Exchange serves professional traders. As such, it contains advanced features tied to charts and order types.

What are bitFlyer Trade Classes?

These are similar to trade levels and dictate factors such as accessible service and trading limits. Your trading class is determined by the amount of information you provide. The required data includes your name, address, nationality, phone number, and date of birth. If you want to get into the pro trade class, you need to provide a government-issued identification document and a valid document to prove your place of residence.

The pro level gives bitFlyer users access to PayPal deposits, unlimited crypto deposits and withdrawals, and other advantages.

Conclusion

bitFlyer is a regulated cryptocurrency exchange operating in the European Union, United States, and Japan. It’s the leading virtual currency exchange in Japan in terms of trade volume. Also, it serves more than 2,500,000 users globally. Get more detailed information in our bitFlyer review.

Referral programs are a great way to attract more users since they tap into existing users’ friends and social circles. Referral programs offer different types of rewards when users promote a product. In some cases, platforms allow existing users to choose how much of their referral incentives trickle down to invitees. In this way, the programs increase their user bases while providing passive income to participants.

The bitFlyer referral and affiliate programs are undoubtedly among the most lucrative in the virtual currency market. The programs’ adherence to regulations in the United States, Europe, and Japan boosts referrers’ confidence when recommending the platform to potential new users.

However, the incentives you earn differ depending on whether you use bitFlyer in Japan, the US, or Europe.

bitFlyer uses its referral program to drive users to its mobile application. This means referrers don’t earn incentives when they point new users to the bitFlyer web platform. In addition to having a great referral program, bitFlyer employs high-level security measures to secure its infrastructure, network, user accounts, and cryptocurrency storage. If you have already decided to join bitFlyer, use this bitFlyer referral code: rk5yzcr2 to earn $15 in BTC.

Also read about Coinbase, a similar platform with great referral promotions. Check out the Coinbase referral promotion and get $10 worth of Bitcoin for free.