Review on Zaif by Joseph Bello
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 admonish non veterans to try out this exchange due to it easy and comprehensible user interface that performs well without an hitch,it has two language options for Chinese and English which is good but they should also try to add more language options for their service to reach across to many other traders who don't understand English and Chinese.
The exchange is still in shock of the last security breach they experienced in 2018 and so they lack behind in many crucial aspect where traders are interested. For the newbies planning to try out the exchange I advice you trade with just little funds and they shouldn't leave their funds on the exchange for a long time.
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
