The European division of Japanese cryptocurrency exchange bitFlyer has reported a simplified bitcoin trading service for its local clients. Named “bitFlyer Buy/Sell,” the exchange asserts that the new facility will permit investors to trade effectively without the complexity that comes with a few advanced exchanges.
The simplified service includes a new dimension to its suite of products within the EU, which includes bitFlyer Lightning, an exchange service for professional traders.
The company announcement said buying or selling digital assets can be fulfilled in three steps.
“Check the buy or sell price on the corresponding box … Choose the amount of coin (e.g. 0.003 BTC) you want to buy or sell by filling in the Amount box … Click on ‘Buy Coins’ or ‘Sell Coins,’ then confirm the order. The order is executed without any delay or added fee,” according to the announcement.
The new bitcoin buying and selling service won’t maintain an order book, and all trades will be executed at no cost. For now, clients are only able to trade bitcoin for euros, and the maximum everyday transaction limit has been set at 20 BTC.