BitFlyer Europe users can now buy crypto with credit cards

Cryptocurrency exchange BitFlyer, recognized as one of the 10 exchanges with “real” trading volumes by asset management firm Bitwise, has just made it easier for users to buy cryptocurrencies.

The exchange’s European unit announced Thursday that it has added an “Instant Buy” facility on its platform, allowing users to purchase cryptocurrencies using credit cards, debit cards and local instant transfer methods such as Sofort, iDeal and GiroPay.

“By making it similar to that of a traditional e-commerce experience, we are helping bringing cryptocurrency to a mainstream audience,” said Andy Bryant, co-head and COO of BitFlyer Europe.

The payment processing partner of BitFlyer Europe to offer the Instant Buy facility is Germany-based Wirecard, Bryant told The Block, adding that the transaction fees for processing credit card payments are 1.95% + €0.25 per transaction and 1.95% + €0.30 per transaction for other payment methods. 

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In October, the exchange also launched its mobile apps, and currently offers trading in seven cryptocurrencies - bitcoin (BTC), ether (ETH), litecoin (LTC), bitcoin cash (BCH), ether classic (ETC), monacoin (MONA) and lisk (LSK).

BitFlyer is headquartered in Japan and also has a unit in the U.S. Just last week, the exchange added trading support for XRP cryptocurrency on its Japanese platform - the move marked the first cryptocurrency added to its platform in almost two years.


This story has been updated to include comments from Andy Bryant, co-head and COO of BitFlyer Europe.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.