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Zaif Review

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Revainrating 3 out of 5  
Rating 
3.1
Crypto Exchanges

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Description of Zaif

What Is Zaif? Zaif is a Japanese centralized cryptocurrency exchange (CEX). It was one of the first crypto exchanges to obtain a license from the Japanese Financial Services Agency (JFSA). As of September 2018, it was ranked as the 35th largest cryptocurrency exchange by turnover. However, on September 14, 2018, the exchange’s hot wallets were hacked, with the equivalent of $60 million in cryptocurrency stolen. Following the incident, Zaif suspended operations, entering a bailout agreement with FISCO, a Japanese brokerage that injected 5 billion yen ($44.675 million) in financial support. In November, the company was sold to FISCO Digital Asset Group Co. Ltd. Who Are the Founders of Zaif? The company was founded by Takao Asayama, CEO of Tech Bureau. Tech Bureau operated Zaif until FISCO purchased it in late 2018. At the time of publication, Ryuji Yagi headed the platform. Other members of the management team include Toshiya Kotake, Norifumi Imai, Takayoshi Abe, Kenji Yamaguchi, and Osamu Fukami. CoinMarketCap could not confirm the background of these individuals since the majority of them do not have LinkedIn profiles. When Did Zaif Launch? Zaif made its debut on June 16, 2014. Where Is Zaif Located? The cryptocurrency exchange operates out of Japan’s busy capital city of Tokyo. Zaif Restricted Countries CoinMarketCap has been unable to confirm if any countries are restricted from using Zaif. However, besides the fact that the exchange is mostly in Japanese, an August 2022 announcement from the company said that the platform was “currently not accepting applications for opening an account for customers residing overseas. In addition, even if you are a customer who has completed identity verification in the past, we may refuse to use it at our discretion.” What Coins Are Supported on Zaif? The trading platform offers a limited number of digital assets. With just ten coins and 14 markets, BTC/JPY is the most active trading pair on the exchange. How Much Are Zaif Fees? Zaif charges some of the lowest fees in the cryptocurrency exchange market — 0.10% for takers and free of charge for makers for its spot trading market. Is It Possible To Use Leverage or Margin Trading on Zaif? Users can trade on margin with a leverage of up to 7.7x on the exchange platform.
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Reviews

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Type of review

Revainrating 3 out of 5

Has Zaif really been hacked?

The Japanese cryptocurrency exchange Zaif decided to suspend transactions for a while after the hacking in 2018. Even users it risked losing its assets. Fortunately, Zaif went back to normal without a problem. However, this incident damaged Zaif's prestige enormously. Many users withdrew their assets from Zaif and transferred them to another exchange. That's why the stock market had a hard time. Fortunately, it has now increased its security measures and users are slowly starting to return…

Pros
  • Trading volume is at medium levels
Cons
  • Has major vulnerabilities
  • Hacked and never improved again
  • Some users were victimized

Shortcoming is one of the digital currency trades dispatched inside the Japanese market 5 years prior, so one of the greatest used to work your cryptographic forms of money inside the Asian mainland is the commercial center, the main area to trade and advance. Digital currency is changing over universally. Its looking for and advancing instrument is separate into the primary alternatives for buying and advancing virtual monetary forms, as it is the appropriate trade and separate purchase and…

Pros
  • Client care is consistently dynamic.
Cons
  • It doesn't utilize live real time for client care

Revainrating 1 out of 5

Poor is a Japanese exchange suitable for all new traders

Weakness is one of the cryptocurrency exchanges launched inside the Japanese market 5 years ago, so one of the maximum used to function your cryptocurrencies within the Asian continent is the marketplace, the most important region to exchange and promote. Cryptocurrency is converting globally. Its searching for and promoting mechanism is break up into the main options for purchasing and promoting virtual currencies, as it is the proper exchange and separate buy and the advertising of…

Pros
  • Customer support is always active.
Cons
  • It does not use live streaming for customer service

Zaif is a Japanese exchange, it's know to be of the newest and its performance was also very good based on customers feedback. It was mostly patronized by Japanese although it has traders from other regions but not to many, the only issue non Japanese traders had was that they couldn't trade fiat since Zaif supports only Japanese yen. It was quite unfortunate the exchange encountered a fatal loss of $60 million as a result of the security breach where hackers made away with a huge number of…

Pros
  • It's one of Japan's best exchange's
  • It has and trades major virtual currency
Cons
  • It was once hacked

Revainrating 3 out of 5

Zaif is japanese exchange which now stands to inactive.

zaif is japanese exchange which was provided on more than ten trading pairs with two active exchange markets which are the JPY and BPY but lately this platform which provided more liquidation for users is now inactive as virtually all the details regarding it users can no longer be fetched coupled with users finding it difficult to access the page as to logging to the platform. It kind of decline transactions such as deposit, withdrawal and most especially buying or selling coins. However,

Pros
  • None for this review.
Cons
  • It is rejecting most withdrawal.
  • It is inactive in terms service response.
  • Failed transactions.

Revainrating 4 out of 5

Zaif trade breezed through the assessment of dependability

Zaif trade is one of the trades that prevailed with regards to getting controlled by the Japanese Monetary Administrations Office. The trade is known for acceptable exchanging stage that upholds various crypto like Bitcoin, NEM and others.  ThThe trade Gives numerous logical apparatuses that can assist with appreciating exchanging like graphs, specialized markers and it likewise gives many request types. It additionally upholds edge exchanging.  As we probably are aware th

Pros
  • The trade offers financial backers serious expense
  • It support exchanging of level money notwithstanding the cryptos on its market
  • It has numerous insightful devices and backing many request types
  • It offers Edge exchanging
Cons
  • It doesn't utilize live visit for client care

Revainrating 3 out of 5

Zaif is a Japanese exchange suitable for all new traders

Zaif is a Japanese exchange that came into surface in the year 2015. The exchange is best known for its high liquidity and high trading volume for major crypto currencies in the world. I'm not impressed at the present status of the company at the moment ,they only have 9 trading pairs with just few variety of altcoin so most veteran traders don't normally trade on this exchange,more so the exchange lacks sophisticated features that most veteran traders look out for,not withstanding I will…

Pros
  • It has to major language ,English and Chinese
  • Has high liquidity
  • Its is suitable for new traders (beginners)
  • The world's major altcoins including Bitcoin is listed on the exchange
  • It allows margin trading
Cons
  • The account verification is time consuming
  • Low variety of coins
  • Insecurity of the exchange, it has once been hacked with a total loss of virtual assets worth $60million

Revainrating 4 out of 5

Zaif exchange passed the test of reliability

Zaif exchange is one of the exchanges that succeeded in getting regulated by the Japanese Financial Services Agency. The exchange is known for good trading platform that supports multiple crypto like Bitcoin, NEM and others. ThThe exchange Provides many analytic tools that can help to enjoy trading like charts, technical indicators and it also provides many order types. It also supports margin trading. As we know the exchange suffered a huge loss as a result of the hack that took place…

Pros
  • The exchange offers investors competitive fee
  • It support trading of flat currency in addition to the cryptos on its market
  • It has many analytical tools and support many order types
  • It offers Margin trading
Cons
  • It does not use live chat for customer care

Revainrating 3 out of 5

Zaif Exchange Platform Recover From Hacked And Reopen

Zaif is a Cryptocurrency trading platform from Japan, likely one of the largest local digital currency exchange that allow buying, selling and trading of BTC and some top altcoin such as BCH, XCP, CMS, XEM, ETH, ZAIF and others with pairs of JPY/BTC using bank transfer and credit ZAIF charges is affordable, as low as 0•1% and 0% on market takers and makers respectively. It has user friendly interface that is easy to navigate even by the new users. It has customers support services that…

Pros
  • It has friendly interface that is easy to use
  • It support fiat and crypto currency
  • It charge a low fee
  • Apart from live chat support it also has email support
  • Although it was hacked but compensate all the users that lost their assets
Cons
  • It has history of hacks
  • It website has two language translation
  • The exchange Platform is available to limited countries

Revainrating 4 out of 5

A beautiful stock exchange platform: Zaif

First of all, good day to everyone, ladies and gentlemen, today I will share my review about the Zaif exchange platform for you. I have been using the weak exchange platform for about 6 weeks and I can say that I am satisfied. It is a stock exchange platform that even beginners can understand in a simple way. In this way, the number of users is increasing and people understand this platform more easily. This exchange platform, which supports JPY as a fiat currency, includes more than 140

Pros
  • Their customer support is always active.
  • It contains many cryptocurrencies.
  • It charges less transaction fees than other exchange platforms.
Cons
  • Website design should be a little innovative.

Revainrating 4 out of 5

The growing Bitcoin exchange.

The exchange is very easy to understand and everybody can without much of a stretch trade on the platform. The exchange charges moderately low trading expenses to its users, however expenses shift from pair to pair. The normal exchanging expense sums up to 0.01%, which is altogether lower than the worldwide industry normal of 0.25%. This is a significant preferred position and a competitive edge for the exchange. It bolsters an trading interface called instant exchange, through which…

Pros
  • The exchange is probably the most established one and is known for its renowned features.
  • It was one of the absolute first platforms to acquire the permit and regulation measure.
  • The exchange flaunts high liquidity and trading volume.
  • The exchange offers both fiat to crypto and crypto to crypto exchanging.
Cons
  • Trading platform is outdated I didn't like the website.
  • Only two languages.
  • Limited crypto supported and limited trading pairs.
  • US person can't trade here.

Revainrating 4 out of 5

Zaif

Zaif, is a trading house for currencies such as BTC, AirFX, FSCC, XEM, MONA, BCH, ETH, ZAIF, JPY among other currencies. This exchange demonstrates good interface and platform with high performance for trading. Its trading mechanism is divided into two major options for trading digital currencies, as it has an instantaneous exchange and a separate trading option for users to trade. The exchange house is friendly although its website is not fully translated into English, as it maintains both…

Pros
  • The platform for currency trading is well functioning from the website and maintains high performance, apart from this it has many active operators in the exchange.
  • It offers an instant exchange that is quite favorable and with good performance, to trade coins quickly and very easily.
Cons
  • There are few languages available for the translation of the platform, and some options or interface texts are not fully translated.
  • The variety of currency pairs for trading is a bit low, unlike other exchanges that offer a lot of variety of currency pairs for trading.

Revainrating 4 out of 5

Zaif

Zaif is one of the cryptocurrency exchanges that was launched in the Japanese market more than 5 years ago, therefore it is one of the most used to operate your cryptocurrencies in the Asian continent, in addition that this is where the largest trading market is located. cryptocurrency exchange worldwide. This exchange has one of the main advantages which is its liquidity in each of its operations, since each transaction is very fast and secure, transmitting to its users a good satisfaction…

Pros
  • For deposit method, you can use wire transfer, credit card and cryptocurrency.  
Cons
  • This platform does not explicitly state that US investors are prohibited from trading.

Revainrating 5 out of 5

Good platform of exchange.

The reason why Japan is home to many cryptocurrency exchanges lies in the fact that the country is one of the first to regulate and license exchange platforms. Japan’s Financial Services Agency is its local cryptocurrency exchange regulator, and all platforms wishing to operate in the country must obtain a license from the agency.Zaif was one of the very first platforms to obtain the license and undergo the specific regulation process that is required by the government.

Pros
  • Cryptocurrency is available for deposit method.
  • Two factor authentication is verify.
Cons
  • Zaif Not available for android and ios.
  • Leverage not available.
  • This platform does not explicitly state that US investors are prohibited from trading.

Revainrating 5 out of 5

Zaif is a Japanese cryptocurrency exchange.

Zaif is launched and based in Japan, a country that is home to numerous cryptocurrency exchange platforms.The exchange is one of the oldest ones out there and is known for its prestigious features.The platform was owned by a company called tech bureau,which made headlines in the last few years with the investments it has secured from Money Partners group, a Japanese brokerage.

Pros
  • For deposit method,you can use wire transfert,credit card and cryptocurrency.
  • The exchange boasts high liquidity and trading volume.
  • Two factor authentication is verify.
Cons
  • Zaif does not explicitly state that US-investors are prohibited from trading.
  • Leverage not available.
  • Not available for android and ios.