About bitFlyer Lightning
bitFlyer Lightning is an exchange (trading platform) where users can trade bitcoins. The exchange rates are determined based on the balance between the supply and demand. Users can sell JPY and obtain bitcoins in exchange, or they can sell bitcoins in exchange for JPY. The practice is similar to retail foreign exchange (FX) trading.
What is the difference between the Bitcoin Market and bitFlyer Lightning?
In the Bitcoin Market, your trading partner is bitFlyer. As a customer, you can buy bitcoin from bitFlyer or sell bitcoin to bitFlyer.
On the other hand, the bitFlyer Lightning Exchange is a trading platform that bitFlyer provides for you to trade and perform transactions with other users (customers).
|Bitcoin Market||bitFlyer Lightning|
|Buy and Sell Bitcoin||Function||Bitcoin/BTC-FX/Ether trade order matching|
|Determined by bitFlyer||Rates||Determined by user supply and demand|
|Free for a while||Fees||Lightning Spot: BTC/JPY 0.01 - 0.15% (FREE until March 1st, 2017.)
Lightning Spot: ETH/BTC 0.20% (0.40% until March 1st, 2017.)
Lightning FX: FREE for now (We will notify 2 weeks in prior to any changes.）
|bitFlyer||Your trading partner||Other users|