Unquestionably, one of the safest and most secure exchanges in the cryptocurrency market is Zaif. They keep customer money in separate offline cold storage accounts and employ the most recent SSL encryption techniques. These techniques stop any hacker assaults. Additionally, Zaif encourages its users to set up extra security measures like 2FA (two-factor authentication).

Short history

Zaif is a cryptocurrency exchange that was created in 2015, thus it is not a recent entrant to the market for cryptocurrencies and has already cemented its place. Tech Bureau owns the Japanese cryptocurrency exchange, which is regarded as one of the most well-liked ones in Asia. Before the Japanese market’s crypto rules, Zaif was active there. The Japanese Financial Services Agency’s (JFSA) first-ever approved cryptocurrency exchange, Zaif, opened the path for cryptocurrency laws in Japan. Despite having its headquarters in Japan, it is accessible to merchants anywhere and has websites in both Japanese and English.

Features and services

Zaif provides merchants with a range of features and services, such as:

Trading orders

Users may trade using the order book. A computerized record of an asset’s purchase and sale activity on a cryptocurrency platform, such as a cryptocurrency exchange, is called an order book. By logging the purchase and sell orders for an asset, an order book presents a streamlined perspective of that asset.

Margin trading 

It also provides customers with margin trading, which is rather great given that a significant portion of cryptocurrency exchanges do not do so. Because of the increased dangers involved in this sort of trading, a significant portion of cryptocurrency trading platforms chooses to avoid it. Users of Zaif have access to up to x7.7 leverage for margin trading. Experienced traders should use the margin trading function.

Payment via Zaif: a referral program

The referral program includes remuneration from Zaif. The referral scheme is quite typical; you get rewards for people you suggest. Each person that registers on the exchanges after you share the invitation link with them will count as one of your referrals. Then, you’ll be able to apply for two different bonus types:

• When your recommendation completes the verification procedure, you will get 1,500 Yen. 
• if your referral trades more than 1,000,000 Yen in a month, you will receive 10,000 Yen.

Bonuses are sent to your Zaif account in Yen after being received.

Manepa card

The Manepa card is exclusive to Zaif. The card may be ordered and connected to your Zaif account. You may use the card to make purchases at any offline merchant that accepts Yen.

Supported coins by Zaif

One drawback of Zaif exchanges is the small number of supported currencies. In actuality, there are just a handful of other coins accessible in addition to Bitcoin and Ethereum: Fisco Coin (FSCC), CAICA Coin (CICC), Nekkoin (NCXC), XYM, NEM (XEM), Bitcoin Cash (BCH), and MonaCoin (MONA).

Withdrawals and deposits

Only Yen (Japanese national currency) may be used on Zaif for fiat deposits and withdrawals. To make deposits into your account, go to the “Easy trading” area at the top of Zaif’s webpage. This is thus appropriate for local merchants but not necessarily for international ones. Also possible in cryptocurrency are deposits and withdrawals. It charges fees for deposits and withdrawals, although the amount varies according to the asset and channel you choose. For transactions up to 30,000 Japanese yen, the charge for a bank transfer is JPY 385, for instance. Depending on the withdrawal channel, the Ethereum withdrawal fee ranges from 0.01-0.05.

Methods

You may deposit funds via a wire transfer or a credit card. This might be very useful for total newbies who do not yet have any cryptocurrency.

Trading fees for Zaif

These are:

Costs for spot trading

Most exchanges impose maker-and-taker fees. Maker costs are the charges that traders must pay when they enter a new transaction in the order book. Traders that wish to enter at the best entry price are paid taker fees. Maker and taker fees are fixed and independent of the cryptocurrency assets, trading volume, or deal size. For all pairings, the fees are 0.0 / 0.1%. The fee is 0.0 / 0.3% for BCH/JPY and BCH/BTC, which are the only exceptions.

Fees for margin trading

The margin trading cost is 0.7%. The daily lending cost is 0.039%.

KYC

You must complete the necessary KYC (Know Your Customer) verification procedure if you wish to access all functionalities (without restrictions). Furthermore, if you skip the KYC process, it levies an “Account maintenance fee.” They utilize this method to ask users to confirm their credentials.

Zaif favored nations

Presently, Zaif is accessible in more than 190 nations. However, It does not accept US investment.