Trading/Lightning

The most basic reason that affects the price of Bitcoin is supply and demand.

Supply:

The total supply of bitcoins is affected in two different ways.

First, the Bitcoin protocol creates new coins at a fixed rate. When miners process blocks of transactions, new bitcoins are rewarded to whichever miner solved the block. By design, the rate at which new coins are rewarded is purposefully halved over time (approximately every 4 years). This can create a scenario in which the demand for bitcoins increases at a faster rate than the supply increases, which can drive the price up.

The second way that supply is affected is by the total number of bitcoins that will ever exist, this number is capped at 21 million. Meaning once this many coins have been "minted," mining new blocks will no longer create new bitcoins. It is speculated that mining will continue to be supported by the existence of transaction fees.

Demand:

Essentially, the demand for Bitcoin is whatever someone is willing to pay for it. As bitcoin finds more and more use cases beyond pure speculation (transacting, merchant payment processing, store of value, etc.) the demand for bitcoin may increase. The relevance of other cryptocurrencies, changes in legal and regulatory policy, availability on exchanges and more may also affect the demand for Bitcoin.

If you'd like to participate in the chat but want to change your user name, you can do so from the the "Settings" menu. To access the "Settings" page, click on the circle with three lines on the top left of the bitFlyer Lightning page.

Click on "Settings" and scroll down to the "Chat Settings" section. From there, you can create a new nickname.

Try to create a unique nickname as common ones may be unavailable. When you've finished creating your new username, you can go back to the Trade page and your name will be saved.

In order to change the theme of your Lightning exchange page, click on the "Menu" button on the top left corner of the screen. Click settings and scroll down to the "General Theme" section. Here, you will see different themes to choose form. Pick the one that suits you best!

For information regarding API, please click here.

To see the daily volume traded on bitFlyer, access the bitFlyer Lightning exchange. In the middle column, you will see 24h Volume with the amount of BTC traded next to it. You can monitor the daily amount traded while trading or checking the price of bitcoin!

In order for your buy order to execute, another user on the platform must place a sell order that matches the price you placed your buy order at.

In order for your buy order to fully execute, the amount you are trying to buy must match the amount users are willing to sell. If the amount you are trying to buy exceeds the amount being sold, your order will only partially execute.

The same goes for sell orders. For your sell order to execute, another user on the platform must place a buy order that matches the price you placed your sell order at.

In order for your sell order to fully execute, the amount you are trying to sell must match the amount users are willing to buy. If the amount you are trying to sell exceeds the amount being bought, your order will only partially execute.

To cancel a buy/sell order, navigate to the bottom left of the Lightning exchange where it says "OPEN ORDERS". To cancel any of your open orders, simply click on the "X" located to the left of your specific order that you would like to cancel.

Please note that canceling the order is not always guaranteed, as the order cannot be canceled once it has been broadcasted to the blockchain.

bitFlyer supports SegWit transactions for deposits and withdrawals. All new bitFlyer accounts are SegWit addresses, although some older legacy accounts may not be. Using legacy or SegWit addresses for a hardware wallet is up to the user. In general, SegWit tends towards faster and cheaper transactions.

For more information on SegWit please see here.

In order to view the full trading history associated with your bitFlyer account, please navigate to the “Trade Report” menu after logging in on a PC. If you need to download a copy for your records, you can do it there.

Please note: bitFlyer EU only provides signed end of year balance or trade report based upon an official audit request.

We currently offer BTC/JPY trading on our Lightning platform. If you would like any further information, please contact info.eu@bitflyer.com.

After you've withdrawn BTC from your account, you can easily track your transaction on chainFlyer. You can search for any address, transaction, or block hash!

With the two account classes available at bitFlyer EU for individual customers, below are the daily limits for crypto deposits and withdrawals.

• Trade Pro class: unlimited deposits/withdrawals/trading
• Standby class: deposits/withdrawals/trading unavailable

*When depositing or withdrawing BTC, it's always best to calculate how much your BTC is worth in EUR first. We also do not suggest trying to withdraw the exact amount of your daily limit as the price of BTC can fluctuate quickly, forcing you over your limit and delaying your transaction.

The minimum transaction amount in bitFlyer Lightning is 0.001 BTC.

To see the trading fees, click here.

* Your Bitcoin trading fee rate is calculated daily between 7.00 pm and 7:10 AM (GMT). Fees may be negotiated based on volume and trade frequency.

Want to know how much VC or EUR you currently have in your account? You can check your account balance from two places on the site!

From the bitFlyer Lightning Exchange:

If you are trading and want to check your balance before your transactions, click on the menu button on the top left corner of the screen. Click on the link that says Funds. From there, you can see your EUR and VC balance in the header of the page.

From your bitFlyer profile:

To check your EUR/VC balance on the bitFlyer website, log in to your account and click on Account Funding. Any of the options under the "Account Funding" header will show you the balance in your account.

*For VC:

The available amount indicates the amount you can currently trade. This includes orders placed but not executed and does not include fees. If you subtract the amount of orders not executed yet which still remain on the board in the order book, you will see the amount is adjusted accordingly.

Once you've funded your account ("How do I fund my account?") or have transferred your virtual currency to bitFlyer from your wallet, you're ready to sell or buy!

To purchase virtual currency:

• Click on bitFlyer Lightning from the main menu.
• Select the order type from the box with the "SELL/BUY" buttons. or by using the numbered buttons (+0.1, +1, +5).
• The price in EUR will be displayed above the "SELL/BUY" buttons.
• Once you are ready to purchase, click on the "BUY" button.
• Next, click on the "BUY" button again or "CANCEL". Once you have confirmed your order and it executes, you have successfully purchased bitcoin!

To sell your virtual currency:

• Click on Account Funding from the main menu.
• Go to the "Deposit BTC" tab to find your unique bitFlyer address and QR code linked to your bitFlyer account.
• After depositing virtual currency to your account, click on bitFlyer Lightning from the menu.
• Place a Limit or Market sell order by entering the amount that you would like to sell. If you are placing a limit sell, insert a price and click SELL. If you are placing a market sell, your virtual currency will automatically be sold at the current market bit price.
• Once you have bought/sold, you can withdraw virtual currency/EUR from your bitFlyer account from the "Account Funding" page ("Depositing/Withdrawing EUR & Virtual Currency").

Virtual currency cannot be bought with credit/debit cards. Purchases can only be made with the funds available on your account.

We are currently supporting the following pairs on bitFlyer Lightning:

• BTC/EUR
• BTC/JPY
• ETH/BTC
• ETH/EUR

Click here to connect to the platform. Once you access Lightning, you will be able to switch between the boards on the top left-hand side of the screen.

The minimum amount is 0.01 ETH.

Please check our fees table here, click here.

Yes, you can trade ETH against EUR on bitFlyer Lightning.

However, you can't trade ETH against JPY at the moment.

No, currently do not have a market maker program for the ETH/BTC pair.