Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, known for its smart contract functionality and faster transaction speeds compared to Bitcoin. If you're looking to buy ETH on bitFlyer, Japan’s leading crypto exchange, this guide covers everything from account setup to purchase methods and fees.
How to Buy Ethereum on bitFlyer
Prerequisites
Before purchasing ETH, ensure you:
- Open a bitFlyer account (Sign up here).
- Complete identity verification.
- Deposit Japanese yen (JPY) or Bitcoin (BTC) (for Lightning trading).
Two Ways to Buy ETH on bitFlyer
bitFlyer offers two purchase methods:
| Method | Difficulty | Fees | Best For |
|-----------------------|------------|------------|-------------------------|
| Altcoin Marketplace | Easy | Higher | Beginners |
| bitFlyer Lightning | Moderate | Lower | Experienced traders |
👉 Discover the best crypto exchanges for ETH trading
Method 1: Buying ETH via Altcoin Marketplace (Beginner-Friendly)
- Log in to your bitFlyer account.
- Navigate to Altcoin Marketplace → Select Ethereum (ETH).
- Enter the amount of ETH or JPY you wish to spend.
- Click Buy to complete the purchase.
🔹 Pros: Simple, instant purchase.
🔹 Cons: Higher fees due to wider spreads.
Method 2: Buying ETH via bitFlyer Lightning (Lower Fees)
For advanced users, Lightning (exchange mode) offers competitive fees (0.20%).
Step-by-Step Process
- Deposit BTC: ETH/BTC pairs require Bitcoin.
- Go to bitFlyer Lightning → Select ETH/BTC.
Choose an order type:
- Limit Order: Set your desired price (lower fees).
- Market Order: Buy instantly (risk of slippage).
🔹 Tip: Use limit orders for better control over pricing.
bitFlyer Ethereum Fees Explained
Altcoin Marketplace Fees
- Spread-based: Example: Buy price = ¥102,137 / Sell price = ¥95,883 → ¥6,254 fee.
bitFlyer Lightning Fees
- 0.20% per trade (cheaper for high-volume traders).
👉 Compare ETH trading fees across exchanges
FAQ: Buying Ethereum on bitFlyer
❓ Can I buy ETH directly with JPY on Lightning?
No, ETH/BTC pairs require Bitcoin. Convert JPY to BTC first.
❓ Which method is faster?
Altcoin Marketplace executes instantly; Lightning depends on market liquidity.
❓ Is bitFlyer safe for ETH trading?
Yes, bitFlyer is a regulated Japanese exchange with robust security measures.
Final Tips
- Beginners: Start with the Altcoin Marketplace.
- Active traders: Use Lightning for lower fees.
- Alternatives: Consider bitbank (0% maker fees) or OKCoin Japan (for niche altcoins).
For further reading, check our guide on Best Ethereum Exchanges in Japan.
Ready to buy Ethereum? Sign up for bitFlyer today and start trading!