Service for Lightning FX has been terminated as of Thursday, March 28th, 2024. Our new service, bitFlyer Crypto CFD, is available from same day.

What is bitFlyer Crypto CFD?

Overview

In bitFlyer Crypto CFD, you can margin trade bitcoin by making a deposit and then making a settlement.

Amplify the reach of your funds by taking advantage of bitFlyer Crypto CFD's 2x* leverage capabilities.

Increase your trading efficiency and achieve better results by trading with more than your original deposit amount.

In addition, you can take a short position, allowing you to make a profit even when the Bitcoin prices drop.

Trading is open on weekends and holidays as well.

The max leverage is different for corporate accounts.

  • Spot trading
    Buy low and sell high
    • Spot trading: buy when low and sell when high
  • bitFlyer Crypto CFD
    There are opportunities for profit in both bear and bull markets with bitFlyer Crypto CFD.
    • Long position: buy when low and sell when high
      Long Position
    • Short position: sell when high and buy when low
      Short Position

Benefits of bitFlyer Crypto CFD

Leverage trading is available

bitFlyer Crypto CFD lets you make a margin deposit and then make net settlements on purchases and sales of Bitcoin.

bitFlyer Crypto CFD lets you trade Bitcoin with up to 2x the value of your margin deposit.

For example, a margin deposit of 100,000 JPY would let you trade up to 200,000 JPY.

Make a large trade with a small deposit
Make large trades with small deposits

You can trade with large amounts but be aware that there is a risk you may sustain losses greater than the amount of your deposited funds.

Trade 24 hours a day, 7 days a week!

Being able to trade on weekends and national holidays is a merit unavailable with ordinary financial instruments. Have fun trading whenever you like at times that best suit you.

bitFlyer Crypto CFD trading times
Bitcoin trading hours: 24 hours a day, 7 days a week. Other FX do not operate on weekends

*Excludes maintenance periods. Please click here for more information.

Other benefits

bitFlyer Crypto CFD has many other benefits!

  • Trading possible from 1/1000 BTC
    You can start with just a small amount

    The minimum order size for bitFlyer Crypto CFD is 0.001 BTC.

    Assuming a rate of 10 million JPY / BTC, you can trade from 10,000 yen approximately (if the leverage is 2x, the deposit margin will be 5,000 yen).

  • Special orders possible
    You can send special orders too

    With bitFlyer Crypto CFD, there are various ways to place orders. By combining an array of order terms, you can place orders with a higher level of freedom than before. Both stop-loss and take-profit orders can be easily placed depending on your combination of order terms, allowing users unable to keep an eye on the Bitcoin market during the day to still enjoy trading.

  • API available to public
    API is available

    By making use of the bitFlyer API, you can view orders, published trading history, and order books.

    You can also place new orders, cancel existing orders, and check your account balance.

    In addition to its web API, bitFlyer also offers a real-time realtime API feed.

    If you use realtime API, you can even receive data on iOS, Android, Ruby, JavaScript, Java, Objective C, .NET, and Node.js.

  • Margin deposits possible for Bitcoin
    Margin deposits can be deposited in Bitcoin

    You can also deposit Bitcoin as a margin deposit on bitFlyer Crypto CFD in addition to JPY.

    Your Bitcoin margin deposit is valued at 50% of the last trade price on Lightning Spot (BTC/JPY).

About Margin

Before being able to trade on bitFlyer Crypto CFD, it is necessary to make a margin deposit.

bitFlyer Crypto CFD regularly checks the status of margin deposits. If the retention rate of your deposit drops below a fixed level (maintenance margin), it will trigger a "margin call" or "sell out".

For more information on the retention rate of earnest money set forth by bitFlyer, please refer to the Fees & Taxes page.

For rules on margin calls and sell out, please refer to bitFlyer Crypto CFD Trading Rules.

The maintenance margin can be determined using the method below.

Valuation margin (Total margin deposit + Valuation Gains and Losses) / Required margin (Margin required for maintenance of position + Margin required for orders)

Terms related to margin deposits, profit and loss is defined as follows.

Maintenance margin rate

Valuation margin÷Required margin

Valuation margin

Total margin deposit + Valuation Gains and Losses

Total margin deposit

The margin customers have deposited into their accounts with bitFlyer

Valuation Gains and Losses

Position valuation Gains and Losses - Unsettled leverage point Losses - Fees - Unsettled funding rate Losses

(if the collected funding rate amount exceeds the granted funding rate amount)

Position valuation Gains and Losses - Unsettled leverage point Losses - Fees + Unsettled funding rate Gains

(if the granted funding rate amount exceeds the collected funding rate amount)

Position valuation Gains and Losses

The gains and losses incurred on a position

(It is calculated by multiplying the quantity of the bitFlyer Crypto CFD position by the difference between the most recent trading price on bitFlyer Crypto CFD and the executed price at which the position was formed on bitFlyer Crypto CFD)

Unsettled leverage point losses

The total amount of leverage point losses accumulated until the position is settled

Fees

The fee for the trade

Unsettled funding rate Gains and Losses

The gains or losses that occur due to the collection or grants of funding rates

Required margin

Margin required for maintenance of position + Margin required for orders

Margin required for maintenance of position

The margin necessary to maintain a position

(It is calculated as "Most recent spot trading price per unit of the applicable crypto asset on Lightning Spot × Position quantity × Margin rate." Any fractional amounts are rounded up.)

Margin required for orders

The margin amount necessary for placing new orders

(It is calculated as the sum of "bitFlyer Crypto CFD Trading order price × Order quantity × Margin rate" for each order. Any fractional amounts are rounded up.)

How to make a margin deposit

  1. Click the 'BTC-CFD' tab in the upper part of the Lightning screen. Next, display the menu by selecting 'Menu' from the upper-left section of the BTC-CFD screen.
    Click on BTC-CFD and open the menu.
  2. Click 'Funds' from the menu on the left of the screen.
    Click Funds tab in the menu.
  3. Click the 'bitFlyer Crypto CFD account' tab, enter the amount of your deposit, and click 'to Margin Account'.
    Click bitFlyer Crypto CFD account to make deposits.
  4. Return to the trading screen and check the amount of your margin deposit.
    Confirm margin deposits.
  5. Below is an explanation of the information shown.
    YTD P&L
    This is the P&L from the beginning of the year until now.
    MTD P&L
    This is the P&L from the beginning of the month until now.
    Daily P&L
    This is the P&L from AM 0:00 (JST) today until now.
    Delta
    Delta =
    (BTC volume + BTC-CFD positions) x current price on the BTC spot board + the estimated JPY value of altcoins
    Bitcoin
    BTC possession
    BTC-CFD
    BTC-CFD position
    Yen
    Yen possession
    Total Net Assets
    Total Net Assets =
    (BTC volume + BTC margin) x current price on the BTC spot board + the estimated JPY value of altcoins + JPY balance + margin deposit + profit and loss valuation

About fees

Currently, there are no fees for buying and selling on bitFlyer Crypto CFD.

Leverage points occur separately. For more information on leverage points, please refer to the bitFlyer Crypto CFD User Guide.

About risks