bitcastle is a cryptocurrency exchange established in 2019, which officially launched its services in August 2022.
Known for offering 0% trading fees for spot cryptocurrency transactions and implementing advanced security measures, it has gained significant recognition and popularity among Japanese traders.
This time, we had the opportunity to conduct an exclusive interview with bitcastle’s CEO, Yoshimitsu Sekine.
Interview with bitcastle
Could you tell us about the founding of bitcastle and its expansion into the Japanese market?
As a cryptocurrency investor myself, I frequently used various exchanges but often encountered challenges, like not being able to trade certain tokens I wanted. This frustration eventually led me to build a platform of my own. Similarly, in forex trading, I noticed issues like wide spreads with other brokers, which motivated us to introduce a forex trading service as well. Although we’re an overseas brokerage, our team consists of Japanese staff, allowing us to provide a service that Japanese users can trust and feel comfortable using.
What are the benefits of using bitcastle?
Our key advantage is our ability to offer full support in Japanese, despite being an international brokerage. This comprehensive support is delivered by our Japanese team, ensuring that users feel confident and well-supported. In terms of features, we provide exceptionally tight spreads and high short swaps on JPY-related pairs; for instance, the short swap for USD/JPY is -29. Additionally, our platform offers both cryptocurrency trading and binary options—features not commonly found with other companies.
Are there any limitations with the current platform?
At present, we don’t offer certain advanced tools, like technical analysis or automatic chart pattern detection (e.g., Trading Signals). However, we’re open to enhancing the platform based on user requests and may consider adding these tools in the future.
How would you describe the order execution speed at bitcastle?
Our platform offers high-quality order execution, and we are continually working to improve our execution speed. We are committed to creating an optimal trading environment and are always exploring ways to enhance our services.
What assets do you recommend trading on bitcastle?
We recommend the major currency pairs in forex. For instance, the spread for USD/JPY starts at just 0.5 pips (as of November 1st), offering some of the most competitive spreads in the market.
Do you have any advice for traders striving for success at bitcastle?
As with any brokerage, it’s crucial to be mindful of market risks. Implementing proper risk management and choosing appropriate leverage are essential practices for anyone aiming to trade successfully.
What safety and regulatory measures does bitcastle have in place?
bitcastle is licensed in Mauritius and regulated by the Financial Services Commission (FSC), adhering to strict standards to ensure compliance and transparency. This structure allows us to provide a safe and regulated trading environment for our users.
Does bitcastle offer Japanese-language support?
Yes, absolutely. Customer support at bitcastle is provided in Japanese, a feature we prioritize to make the platform more accessible to Japanese users. Even some major brokerage firms struggle with Japanese communication, and often their support is only available in English. By offering Japanese support through a dedicated team, we aim to reduce stress for our users and provide a more enjoyable experience.
Could you share your future and a message for the readers?
Currently, we’re focused on developing AI-driven automated trading, which we believe will be a significant step forward. We envision evolving from a traditional brokerage to an AI platform, where users can rely on AI for much of their trading, creating opportunities for passive income.
Thank you to all who use bitcastle. We’re committed to maintaining a low-cost, safe, and enjoyable platform, and we welcome your honest feedback as we continue to grow and improve.
Thank you for your time today!
\いまだけ16,000円の資金がもらえる!!/
公式サイト:https://bitcastle.io/ja