EtherFlyer Cryptocurrency Exchange Review : Anywhere: Recharge and Cash Withdrawals

by Cws Team

About EtherFlyer

EtherFlyer is a decentralized exchange registered in Samoa. It is the only exchange in our Cryptocurrency Exchange List from that country. EtherFlyer has actually been around for some time, at least from the time prior to the big crypto-boom in December 2017. Its launch date was in October 2017.

EtherFlyer 24 hour trading volume of this exchange is decent. On the date of first writing this review, being 17 April 2019, the reported 24 hour trading volume was USD 6.9 million. Based on that, EtherFlyer made it into the top 100 list of exchanges with the highest 24 hour trading volume, but only with a tight margin (place no. 98).

EtherFlyer On the date of last updating this review however, on 28 June 2019, the reported 24 hour trading volume was USD 68.5 million. The place on the top 100 list was then a comfortable no. 81. Great improvement!

Operating company

Exchange name EtherFlyer
Support 24/7
Number of currencies handled Over 54 types
Futures trading Present
Trading Fee 0.20%
Deposit fee Free
Official site

Binance Uganda Account Registration Method

  • First, click “Sign Up” in the upper right corner from the EtherFlyer top page
  • Then set up your email address and password.
  • After setting the mail address and password, click “Get code”
  • Since an e-mail code is sent to the registered e-mail address.
  • If you click “Get code”, there is a time limit of 60 seconds, so let’s input within 60 seconds.
  • Finally, check the agreement of the terms of service and check “Sign Up” and register your account with EtherFlyer.

EtherFlyer Trading fees

EtherFlyer Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Each party to a transaction pay the same fee: 0.20% of the order value.

0.20% is in line with the current industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead. Maybe EtherFlyer will follow that example as well, but for now the fees are sitting at 0.20% per trade.

EtherFlyer Withdrawal fees

EtherFlyer does not support trading in BTC, so they naturally don’t have a BTC-withdrawal fee that we can compare against other exchanges’ BTC-withdrawal fees. Their ETH-withdrawal fee, however, is 0.005 ETH. This should be compared with other exchanges’ ETH-withdrawal fees in Cryptocurrency Exchange List, such as EtherDelta(charging only 0.0007 ETH per ETH-withdrawal), Allbit, Radar Relay and Kyber Network (all of them charging only network fees, 0.004782 ETH per ETH-withdrawal) and Bilaxy and EthFinex (both charging 0.01 ETH per ETH-withdrawal).

EtherFlyer Features

Sophisticated Technique

Built by a team that has been providing high-security, high-performance trading system solutions to large Japanese banks, securities and other companies all year round.

Assets Security

User assets are stored in the hardware cold purse management, and the transaction is fast. Guarantee the safety of customer assets and cut off the possibility of hackers stealing assets.


The Ethernet address is the user’s trading account, which is seamlessly linked to the wallet. No need to charge the acceptor.

Diversity Of Cryptocurrency

The decentralized exchange, which is built on the chain of the ether chain, including all ERC-20 tokens.

Rapid Trading

The trading system uses hardware acceleration and efficient memory matching technology, with peak order processing rate of 1,000,000 + per second.

Trusted and Secured

EtherFlyer uses multi-signature authentication and “best in-class security” to keep your funds secure 24 hours a day. Funds are kept in secure offline cold storage wallets to prevent hacking.

EtherFlyerCustomer Support

You can get access to customer support at EtherFlyer through a customised ticket system. To raise a query, enter your name, email address, write a brief description and one of the listed categories in a drop-down menu and submit the ticket.There is also a frequently asked questions (FAQ) section which addresses most basic queries. In addition, you can send an email at

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