Coinflare, which recently rebranded from BITFLEX, is a fairly new cryptocurrency exchange based in Seychelles. Launched in 2022, the exchange’s primary goal is to make trading and investments in digital tokens more attainable and rewarding for exchange users worldwide.

Coinflare provides a platform that supports both spot and derivative trading for over 10 cryptocurrencies and more than 200 futures contracts. The technology-centric company is recognized for its highly responsive and user-friendly interface.

In this guide, you’ll get an in-depth look at everything about Coinflare—from trading experience to security—so you can make the best decision to start your crypto investing and trading journey.

Stats	Coinflare
🚀 Founded	2022
🌐 Headquarters	Seychelles
🔎 Founder	Ee Wui Yang
👤 Active Users	1M+
🪙 Spot Cryptos	10+
🪙 Futures Contracts	200+
🔁 Spot Fees (maker/taker)	0.1% / 0.1%
🔁 Futures Fees (maker/taker)	0.022% / 0.060%
📈 Max Leverage	100x
🕵️ KYC Verification	Not Required
📱 Mobile App	Yes
⭐ Rating	4.5/5
💰 Bonus	$5000 (Claim Now)

 

Overview: What is Coinflare

Coinflare, previously known as BITFLEX, has recently rebranded to align with its mission of innovation and simplicity. The platform features an easy-to-use interface, appealing to beginners and seasoned traders alike. Coinflare’s design ensures a smooth trading experience while maintaining advanced tools for experienced users.

Under the guidance of CEO Bryan Wui Yang, the team at Coinflare has put in the work to make a trustworthy and reliable trading platform. They’ve made this possible by adhering to standard industry practices for security, which ensures the safety of user data and funds—protecting traders from cyberattacks and other potential security breaches.

Coinflare currently offers core cryptocurrency features, focusing on spot and derivatives trading. While the platform is still developing its range of products and services, it provides essential tools for traders looking to engage in these markets.

 

Coinflare Pros and Cons

👍 Coinflare Pros	👎 Coinflare Cons
✅ No KYC required	❌ Not available to US traders
✅ 100x leverage on cryptocurrency trading	❌ Crypto pairs for trading are limited
✅ Intuitive and user-friendly trading interface	❌ Still new for a cryptocurrency exchange
✅ Supports both Spot and Derivatives Trading
✅ Available on both Android and iOS devices
✅ Advanced tools for expert traders

 

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Coinflare Sign Up & KYC

Although KYC is not mandatory at Coinflare, you have the option to choose from different levels of KYC verification based on your withdrawal needs. This flexibility distinguishes Coinflare as one of the few cryptocurrency exchanges that do not impose compulsory KYC checks.

You can select a verification level that aligns with your comfort and desired transaction limits. If you prefer enhanced security and higher withdrawal limits, you can opt for KYC verification. Additionally, using a referral code can earn you up to $5000 on signup. Coinflare partners with reputable security providers like Jumio, Coincover, and Fireblocks to ensure your data and assets are well-protected.

KYC will only be necessary if you want to withdraw amounts exceeding $50,000 daily or $75,000 monthly. This approach gives you both convenience and flexibility while ensuring compliance with necessary regulations. However, before you start the signup process, make sure to check if Coinflare is available in your country.

Getting started on Coinflare is straightforward and almost instant. Here’s a step-by-step guide to help you sign up:

Step 1: Go to the Coinflare official website and tap on “Sign Up”.

Step 2: Enter your email address and make a password on the signup page. You can also use your phone number instead of an email address to create your account. After entering all relevant information, click “Create Account” to move to the next step.

 

Step 3: The next page requires basic information about you, including your first and last names and country of residence. Fill out this section with the necessary knowledge and click “Continue” to get started.

Step 4: Now your Coinflare account is ready for action, KYC isn’t required–so all that’s left to do is deposit funds and start your trading adventure immediately, with this fresh cryptocurrency exchange.

What’s more, you can fund your account with popular crypto assets like Bitcoin or Ethereum. Coinflare makes it easy by offering zero fees for deposits on all assets, so you can start trading without any additional costs.

 

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Coinflare Trading

There are primarily two types of trading available on Coinflare for those looking to get started: Spot trading and Derivatives trading. Read on to learn more about these two options.

Spot Trading

The Coinflare spot trading feature provides a smooth, user-friendly experience, letting you trade across 10 different cryptocurrencies. With some of the lowest fees in the market and an advanced trading interface, you’ll find everything you need to trade confidently. Featuring a 24-hour spot trading volume of $39,429,598, Coinflare offers reasonable liquidity, so you can trade seamlessly.

The spot trading interface mirrors what you’d expect from top-tier crypto exchanges, complete with advanced trading tools and TradingView integration to help refine your trading tactics. Coinflare makes this even better with a low trading fee of just 0.1% for both makers and takers, making it a highly cost-effective choice.

Derivatives Trading

Coinflare’s derivatives trading truly stands out as one of its best features. With derivatives trading on Coinflare, you can trade at 100X leverage on around 200 USDT-Perpetual contracts, starting at a low fee of 0.022% for makers and 0.060% for takers. As your trading volume grows, these fees can drop as low as 0.010% / 0.030%, making it highly competitive.

The derivatives trading interface closely mirrors the spot trading layout, offering the same advanced tools and full integration with TradingView to support and refine your trading strategies. High leverage, low trading fees, and tight Bitcoin spreads of just $0.1 make Coinflare an excellent choice for smooth, efficient trading with minimal slippage.

 

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Coinflare Fees

When it comes to the fee structures at Coinflare, there are three key areas you should keep in mind:

Deposits and Withdrawals

Coinflare allows you to make cryptocurrency deposits and withdrawals only, as they currently do not support direct funding of your account with fiat through bank transfers. The good news is that these cryptocurrency deposits and withdrawals are completely free; you only need to cover the network fees, which Coinflare has no control over. For instance, if you transfer ATOM tokens to your Coinflare account, you may pay a network fee as low as 0.01 ATOM, which translates to just about 5 cents per transaction.

Trading Fees

For all your spot trading transactions, Coinflare charges a competitive fee of 0.1% for both maker and taker transactions at the initial level. As you progress and upgrade your account from VIP 0 to VIP 6, your trading fees can drop to as low as 0.0250% for makers and 0.0460% for takers. For detailed information on Coinflare’s fee structures, you can always refer to their website, which is the most reliable resource.

For derivatives trading, Coinflare’s fee structure starts at 0.0220% for makers and 0.0600% for takers for users at the VIP 0 level. However, as you reach higher trading volumes at the VIP 6 level, these fees can decrease to an impressive 0.0100% for makers and 0.0300% for takers, catering to professional traders. Compared to other cryptocurrency exchanges, Coinflare offers a very competitive fee structure, allowing you to retain more of your profits every time you enter or close a trade.

 

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Coinflare Products & Services

Every exchange is valued not just for standard crypto trading services but also for the unique products and services it offers. Coinflare provides a range of features designed to enhance your trading experience. Let’s take a closer look at these offerings.

Trading Features

Coinflare offers its users the ability to trade spot and futures with an easy-to-use trading interface. In spot trading, you have access to 10 cryptocurrencies that you can buy, sell, or hold in your Coinflare wallets. In futures trading, you have more options available, with over 200 futures contracts and access to up to 100X leverage. Both spot and futures trading offer only the basic order types, making it simple to use for beginners.

Coinflare Mobile App

The Coinflare mobile app is available on both iOS and Android devices, providing you with a user-friendly interface to manage all your cryptocurrency trades, earn passive income, and stay updated with real-time trading view charts. Coinflare offers an easy-to-use, safe, and secure platform for buying and selling crypto derivatives for Bitcoin, Ethereum, and other cryptocurrencies.

With the Coinflare app, you’ll have access to real-time trading charts, order books, various order types, and your trading history—all from your mobile device. Plus, the new automated chatbot ensures your queries are answered promptly, giving you excellent customer support whenever you need it.

Convert

Coinflare allows you to quickly convert your holdings, enabling you to exchange one cryptocurrency for another at zero fees. The Convert feature is straightforward: simply select the asset you wish to exchange and the asset you want in return, then click the Convert button. The converted assets will be reflected in your account holdings instantly, allowing you to bypass the traditional trading process.

P2P Trading

The P2P trading platform allows users to trade crypto for fiat, making it easier to enter the cryptocurrency market, especially in countries where direct purchases using bank transfers or other third-party payment providers are not possible. However, compared to other exchanges, Coinflare’s P2P trading platform has fewer buyers and sellers.

Rewards Hub

The Rewards Hub on Coinflare lets users earn Flare Points (FP) by completing daily check-ins, weekly challenges, and missions. These points can be redeemed in the Flare Shop for trader-focused rewards like Trezor wallets and trading subscriptions. It’s an engaging way to enhance your trading experience while gaining valuable benefits.

Earn

With Coinflare Earn, you can generate income from your idle assets. Some of the key features of Coinflare Earn include principal guarantee and low risk with fixed terms, allowing you easy access to grow your crypto while your assets sit idle. Currently, the only passive income opportunity available is with your USDT assets, offering guaranteed returns of 4%.

 

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Coinflare Security

Security on Coinflare is a top priority. The crypto exchange uses the latest technologies to ensure users experience a safe trading environment. The security of user accounts is bolstered by two-factor authentication, adding that extra bit of calm and safety. Mobile-based authentication and Google Authenticator are both methods users can choose from to secure their accounts.

Assets can be secured separately with an “asset password” feature that Coinflare provides. This feature secures assets in users’ wallets, ensuring that any attempts made to withdraw or transfer assets need the user to input a unique password; this prevents unauthorized asset access.

Moreover, Coinflare, in partnership with the foremost security solution provider—Fireblocks, has enhanced its already solid security measures. Coinflare has used this partnership to implement advanced security measures that ensure funds and user data stay secure and safe.

Overall, Coinflare has shown capability as a secure exchange that takes users’ data protection seriously. The different partnerships and security measures show how committed the business is to assuring users of a particular trading platform.

 

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Coinflare Customer Support

Coinflare provides online chat support, allowing them to address customer problems and challenges 24/7. Additionally, their website features a help center where you can access resources such as step-by-step guides and other announcements. If your issue is not resolved, email support is also available to reach out to Coinflare’s support team for assistance.

 

Coinflare Alternatives

Coinflare is a newer exchange with low fees, but if you’re considering other options, here are a few:

1. Bybit: Bybit is a well-established exchange with a wider range of features, deep liquidity, and a strong reputation.
2. Bitunix: Bitunix is a good choice if you’re looking for a no-KYC exchange with a user-friendly platform.

Feature	Coinflare	Bybit	Bitunix
Established	2023	2018	2022
Spot Fees (Maker/Taker)	0.10% / 0.10%	0.10% / 0.10%	0.10% / 0.10%
Futures Fees (Maker/Taker)	0.020% / 0.060%	0.020% / 0.055%	0.020% / 0.060%
Max Leverage	100x	100x	125x
KYC Required	No	Yes	No
Supported Cryptos (Spot)	347+	660+	317+
Futures Contracts	218+	386+	218+
No KYC Withdrawal Limit	$5,000	Not Allowed	$10,000
24h Futures Volume	$5.2B	$15.25B	$6.4B
Trading Bonus	$5,000	$30,000	$5,500
Key Features	• No KYC required • Recently rebranded • New exchange	• Highest futures volume • Most advanced features • Best trading bonus	• No KYC required • User-friendly • Multiple fiat options
Sign Up	Sign Up	Sign Up	Sign Up

 

Final Thoughts: What Do We Think of Coinflare?

Coinflare is currently ranked among the top 150 crypto exchanges, offering basic services such as spot trading, derivatives, and earning opportunities. What makes Coinflare an attractive choice is its lack of KYC requirements and high leverage options. With a focused approach, Coinflare features an intuitive user interface and an easy-to-use trading platform with limited options, which appeals to many beginner traders.

The security measures this exchange has executed are robust, including asset password protection, two-factor authentication, and KYC processes—all to safeguard users’ finances and funds.

An appealing feature of Coinflare is the minuscule trading fees, starting from as low as 0.06% for takers and 0.022% for makers. These already low fees decrease the higher a user’s trading volume gets. A membership program is also available on Coinflare with added benefits like priority customer care, lowered trading fees, and exclusive access to select features.

The incentives and varying campaigns offered by Coinflare keep its community engaged and encouraged to keep using the platform. From trading competitions to referral programs and token airdrops, traders have many chances to earn rewards in addition to trading with this platform.

Lastly, Coinflare is a solid choice for onlookers who wish to immerse themselves in a world of cryptocurrency trading. The platform is user-friendly and secure. It offers low fees, making it appealing to novices and seasoned vets in trading. Ultimately, Coinflare is an excellent exchange for people interested in cryptocurrency trading.

 

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Coinflare FAQ

Is Coinflare a Public Company?

Coinflare isn’t presently considered a publicly traded company.

Where is Coinflare located?

Coinflare is located in Seychelles, specifically in Victoria.

Is Coinflare a Safe Cryptocurrency Exchange

Coinflare prioritizes security by partnering with significant security services providers like Fireblocks, Jumio, and Coincover to protect against fraudulent activities. The platform also adheres to all regulations concerning compliance, insurance, and KYC solutions.