People in the United states now have another goose egg-fee pick to buy Bitcoin (BTC) with the U.S. dollar.

On Jan. 30, Tokyo-based cryptocurrency exchange bitFlyer launched its commission-costless entrada for BTC/USD trading pair to its U.S. customers.

bitFlyer USA operates in 47 states in the U.Due south. and holds New York BitLicense

The null-fee feature is only bachelor for the BTC/USD trading pair and has been implemented on bitFlyer's pro trading tool, bitFlyer Lightning, the house noted in a web log postal service. The entrada is automatically applied to all new and existing bitFlyer Us customers clients, while the cease date of the campaign flow is to be divers. bitFlyer noted that they volition announce any changes most ii weeks in advance.

While bitFlyer is headquartered in Japan and has a subsidiary in Europe, the new opportunity is an exclusive offering of bitFlyer U.s., the U.S. arm of the commutation that was launched in the U.South. in November 2022.

Currently operating in 47 states and territories in the U.South., bitFlyer is a bearer of a major cryptocurrency license known as BitLicense, which allows crypto businesses to legally provide crypto-related services in New York state.

What are the regular fees

Co-ordinate to the official website of bitFlyer, the company normally takes 0.00000001 BTC or ane satoshi per "unit of transaction" of Bitcoin, which is less than one cent at press time. bitFlyer'due south regular withdrawal fee for Bitcoin amounts to 0.0004 BTC ($3.7), while the i of Ether's (ETH) accounts for 0.005 ETH or about $0.9 at press fourth dimension. There'due south besides a $10 fee to wire USD out of a bitFlyer account.

Transaction fees on bitFlyer

Transaction fees on bitFlyer. Source: bitFlyer

As function of the newly announced campaign, bitFlyer USA is as well announcing its kickoff-always trading competition in the U.Due south., the company's representatives said in an email to Cointelegraph. Called "Merchandise Grand Prix," the upcoming contest is open up to all users in the U.Southward. and will advantage the top 10 traders a total of $1,600 based on their weekly and daily trading volumes. The competition will start on Feb. x, the commutation noted.

Founded back in 2022, bitFlyer claims to be the the "well-nigh used virtual currency exchange in Japan." The exchange is also operating a fully-owned subsidiary in Europe, bitFlyer EUROPE Southward.A., which is located in Luxembourg.

bitFlyer's zero-fee Bitcoin purchasing selection enters the U.S. crypto marketplace to follow other firms in the industry already offering cryptocurrency trading with no fees. Equally such, American stock brokerage Robinhood Crypto is a major provider of nada-fee crypto trading, allowing customers to trade vii major cryptos with no commission fee. In late September 2022, California-based fiscal house SoFi launched committee-free crypto trading on its platform SoFi Invest.