Zaif Exchange Review
Zaif is a centralized exchange that occupies #77 on Guru InvestingExchange Tracker. Zaif has trading volume US$3,152,911 in the last 24 hours and US$712,242,922 in the last 7 days.
Zaif currently has 18 cryptocurrencies, 1 paper currencies and 23 markets (cryptocurrency trading pairs). The most popular trading pair on Zaif POLYGON.ROND/JPY.
Compare Zaif next to other exchanges here: Exchange comparison tool.
Zaif – Japanese centralized cryptocurrency exchange (CEX). Cryptocurrency exchange Zaif, founded in 2014, offers spot market, automated and margin trading, and NFT marketplace.. The company is licensed by the Japan Financial Services Agency.
While account verification is recommended, KYC compliance is not mandatory. The service is available on desktop and mobile devices. Some or all services may not be available in some countries due to regulations and restrictions.
Markets
Zaif supports Crypto-Cryptocurrency and Crypto-JPY trading. JPY is the main fiat currency available on the platform. According to the rules, the number of Zaif trading pairs is significantly less compared to global exchanges.
Zaif spot market is the main service provided by the platform. It supports two types of trading − glass trading and light trading. The order book follows a traditional trading model using a matchmaking system. Easy Trading supports peer-to-peer (P2P) trading of cryptocurrencies. Margin trading with leverage up to x7.77 available.
Zaif hosts its own token, ZAIF. It can be traded on the platform or used for betting. You can learn more about the Zaif cryptocurrency price by clicking Here. In addition, the platform also considers Fisco-coin (FSCC) as a native asset.
Customers who wish to maintain their accounts without undergoing identity verification will be charged additional Zaif cryptocurrency fees based on their account balance. For accounts with amounts less than 10,000 yen, the commission rate is fixed at 100 yen. If the invoice amount exceeds 1 million yen, an account service fee of 10% will be charged.
Zaif exchange fees for spot traders are fixed at 0.1% for takers and 0% for makers. Margin trading carries a daily loan fee of 0.039% and a commission of 0.7%. Average Zaif volume is not taken into account when calculating rates.
Customers wishing to deposit via bank transfer or other third party methods may be subject to a fee. Deposits of crypto assets are free. The withdrawal fee depends on the selected asset. There is a minimum required price for the Zaif cryptocurrency to withdraw funds.
other services
Zaif NFT Marketplace is a digital service that allows users to create, sell and trade non-fungible tokens. At the time of writing, the NFT platform only supports payments in yen.
Zaif Coin Reserve This is a betting program for exchange users. Users can deposit the desired amount of tokens and start receiving passive income. Some additional fees may apply.
About company
Zaif cryptocurrency exchange was founded in 2014 Takao Asayama. The company behind the platform was Tech Bureau. It was originally founded as bitcoin exchange (BTC). Zaif’s headquarters are located in Osaka, Japan. The company is currently managed by FISCO Ltd., which is headed by a CEO. Hitoshi Kano.
Zaif was one of 16 Japanese cryptocurrency exchanges to receive approval from the Financial Services Agency. Following the collapse of Mt.Gox, regulations on cryptocurrency exchanges in Japan became stricter.
In February 2018, Zaif experienced a system glitch that temporarily made his bitcoins available for free. The outage lasted approximately 18 minutes, during which one user tried to sell an asset that would normally be valued at $20 trillion for the cryptocurrency Zaif.
In September 2018, the Zaif cryptocurrency exchange was compromised. During the incident, hackers gained access to hot wallets where client funds were stored. The price of the stolen Zaif cryptocurrency was $60 million.
In October of the same year, Zaif was taken over by the Japanese non-profit organization FISCO. The acquisition transaction was completed in April 2019. It was also announced that following the takeover, FISCO Tech Bureau would dissolve.
After the hack, all services on the platform were suspended. Trading for existing users resumed in April 2019, after the Fisco acquisition took effect. Client registration resumed in March 2020. During the year, Zaif’s average daily trading volume increased, peaking at $80 million at the end of February 2021.
In February 2022, FISCO announced the launch of the Zaif NFT marketplace. It has been stated that this branch of the Zaif cryptocurrency exchange will accept JPY as the main payment method, with other payments to be implemented in the future.
Takao Asayama is the founder and former CEO of Zaif. He also created the Mijin blockchain delivery service, which allows for the issuance and distribution of tokens. Asayama left the company after FISCO acquired Zaif.
Hitoshi Kano is the Chairman, President and CEO of FISCO. He has led Zaif as head of the company since its acquisition.
Pages related to Zaif
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
