Home - Exchange - Zaif

WikiBit Score

0.00 10
Regulatory 9.78
Business 8.77
Risk Manag 8.77
Influence index 7.87
Trading Environment Index 6.09
Influence
B

Licenses

FSA

FSARegulated

Digital Currency License

Overview

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Company Name
Zaif
Phone of the company
050-5213-4651
Company website
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Customer Service Email Address
--
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Zaif

7

Zaif

5-10 years|
Digital Currency License|
High potential risk
WikiBit Risk Alerts
Previous Detection 2023-09-28

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

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Time Machine
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New Arrival

Vol Stat

Influence

Prev Vol

7 Days

By company

ROND ROND

$ 232,426

$ 232,426

32.77%

BTC Bitcoin

$ 168,115

$ 168,115

23.7%

MV GensoKishi Metaverse

$ 137,829

$ 137,829

19.43%

ETH Ethereum

$ 71,565

$ 71,565

10.09%

BCH Bitcoin Cash

$ 38,283

$ 38,283

5.39%

XYM Symbol

$ 25,084

$ 25,084

3.53%

MONA MonaCoin

$ 9,729.22

$ 9,729.22

1.37%

XEM NEM

$ 9,276.60

$ 9,276.60

1.3%

FSCC Fisco Coin

$ 4,764.65

$ 4,764.65

0.67%

COT Cosplay Token

$ 3,470.14

$ 3,470.14

0.48%

TRX TRON

$ 3,179.64

$ 3,179.64

0.44%

DEP DEAPcoin

$ 1,921.78

$ 1,921.78

0.27%

MATIC Polygon

$ 1,728.20

$ 1,728.20

0.24%

KLAY Klaytn

$ 1,723.91

$ 1,723.91

0.24%

DOT Polkadot

$ 10.02

$ 10.02

0%

Market Research

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Mkt. Analysis

Material

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Sources

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Language

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User Reviews

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7 ratings

Participate in evaluation
Jack 296
2023-04-19 05:06
please all stay away from this they take your money and they remove the website. the phone number for this thieve +1 (202) 594-2629 his English name is Jason. I am surprised that the parent company which is Japanese would not reply. I have pleaded with them about this.
please all stay away from this they take your money and they remove the website. the phone number for this thieve +1 (202) 594-2629 his English name is Jason. I am surprised that the parent company which is Japanese would not reply. I have pleaded with them about this.

...More

0
1
Jack 296
2023-02-26 03:46
they stole my money. the owner of the platform. $5100. his name is Jason. stay away from this platform.
they stole my money. the owner of the platform. $5100. his name is Jason. stay away from this platform.

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0
0
Jack 296
2023-02-20 07:24
I am trying to WD from my funds and Jason who is Chinese has denied my right to remove my money. I find the platform unethical. this is a scam. PLEASE STAYAWAY. it sucks.
I am trying to WD from my funds and Jason who is Chinese has denied my right to remove my money. I find the platform unethical. this is a scam. PLEASE STAYAWAY. it sucks.

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0
0
0xDatsun
2023-09-06 12:47
stole my money once
stole my money once

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5
0
FX1007457923
2023-09-14 14:23
As a cryptocurrency merchant, I use Zaif frequently. Must appreciate its liquidity and the ease and convenience of the trading process, but the apparent volatility makes me wonder. Hopefully there will be more optimized transaction fees and user interface.
As a cryptocurrency merchant, I use Zaif frequently. Must appreciate its liquidity and the ease and convenience of the trading process, but the apparent volatility makes me wonder. Hopefully there will be more optimized transaction fees and user interface.

...More

2
0
BIT3031580373
2023-05-10 11:53
A very useful exchange, although I heard that cryptocurrency theft cases are a lot, but everyone should protect their cryptocurrency account password, do not divulge, otherwise it is easy to be stolen by hackers
A very useful exchange, although I heard that cryptocurrency theft cases are a lot, but everyone should protect their cryptocurrency account password, do not divulge, otherwise it is easy to be stolen by hackers

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0
0
lily227
2022-10-28 03:11
easy to use.
easy to use.

...More

0
0
Aspect Information
Company Name Zaif
Registered Country/Area Japan
Founded Year 2014
Regulatory Authorities Regulated by the Japanese Financial Services Agency (FSA)
Cryptocurrencies Offered/Available Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ripple (XRP), Litecoin (LTC)
Maximum Leverage Up to 1:5 leverage available
Trading Platforms Zaif Web Trader, Zaif Mobile Trader
Deposit & Withdrawal Bank transfer, Cryptocurrency transfers
Customer Support Email, FAQ section, Online Support Form

Overview of Zaif

  Zaif is a virtual currency exchange based in Japan. It was founded in 2014 and is registered with the Japanese Financial Services Agency (FSA). As an exchange, Zaif offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).

  Zaif provides traders with the option to use leverage, with a maximum leverage of up to 5x available. The exchange offers two trading platforms, Zaif Web Trader and Zaif Mobile Trader, providing users with flexibility and convenience in their trading activities.

  When it comes to deposit and withdrawal methods, Zaif supports bank transfers and cryptocurrency transfers, ensuring that users have options for funding and accessing their accounts.

  While Zaif does not specify its educational resources, it does offer customer support through email, an FAQ section, and an online support form. This allows users to seek assistance or find answers to their queries.

  In terms of its development history, Zaif has steadily grown since its establishment in 2014. As a registered exchange, it operates in accordance with the regulations set by the Japanese Financial Services Agency (FSA), ensuring compliance and security for traders.

  Overall, Zaif provides a platform for individuals interested in trading virtual currencies, offering a variety of cryptocurrencies, leverage options, and user-friendly trading platforms. Additionally, its customer support channels ensure that users can seek assistance when needed.

basic-info

Pros and cons

  Zaif offers a range of cryptocurrencies for trading, giving users access to popular options such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin. The maximum leverage of up to 5x can be advantageous for traders looking to potentially increase their profits. Zaif provides two trading platforms, Zaif Web Trader and Zaif Mobile Trader, allowing users to conveniently access and manage their accounts on various devices. The support for bank transfers and cryptocurrency transfers provides flexibility in deposit and withdrawal options. Additionally, Zaif offers customer support through email, an FAQ section, and an online support form, ensuring that users can seek assistance when needed.

  While Zaif offers a variety of cryptocurrencies, it may not have the same extensive selection as some other exchanges in the market. The lack of specified educational resources may be a disadvantage for users who are looking for additional guidance or learning materials. Furthermore, Zaif's registration with the Japanese Financial Services Agency (FSA) may limit its availability to users outside of Japan. It is important for potential users to consider any geographical restrictions that may apply. Additionally, the absence of specific information regarding educational resources and limited customer support channels could potentially be areas for improvement for Zaif.

Pros Cons
Range of cryptocurrencies available Limited educational resources
Maximum leverage of up to 1: 5 Potential geographical restrictions
Convenient trading platforms Lack of specific information about educational resources
Flexibility in deposit and withdrawal methods Limited customer support channels
Customer support available

Regulatory Authority

  Zaif is regulated by the Financial Services Agency (FSA), specifically the Kinki Finance Bureau. The regulation number for Zaif is “近畿財務局長 第00001号” and it is currently in a regulated status. The exchange holds a Digital Currency License and the license name is “株式会社フィスコ仮想通貨取引所”. This regulatory framework ensures that Zaif operates in accordance with the guidelines and requirements set by the regulatory agency, providing a level of oversight and security for users.

regulation

Security

  The security measures employed by Zaif include the use of cold storage for the majority of customer funds, which helps to protect against potential hacking attempts. The exchange also conducts regular security audits and implements multi-factor authentication for user accounts to enhance security.

  In terms of user feedback, it is important to note that opinions may vary. While Zaif has not experienced any major security breaches or significant negative incidents in the past, it is always advisable for users to exercise caution and employ best practices when using any exchange platform.

  Additionally, Zaif's regulatory status with the Financial Services Agency (FSA) provides a certain level of oversight and regulation, which can contribute to the overall security and reliability of the platform. However, users should still be aware that no exchange can guarantee absolute security, and it is recommended to perform independent research and utilize strong security measures such as enabling two-factor authentication and using unique, strong passwords.

security

Cryptocurrencies available

  Zaif offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are subject to price fluctuations on the exchange, as their values can change based on market demand and supply. It is important for traders to stay updated with market trends and make informed decisions regarding their trading activities.

  Apart from trading cryptocurrencies, Zaif primarily focuses on providing a platform for virtual currency exchange. It offers leverage options, allowing users to potentially increase their trading positions by up to five times the amount of their initial investment. This feature can be advantageous for traders looking to maximize their potential profits.

  Zaif also provides users with two trading platforms, Zaif Web Trader and Zaif Mobile Trader, offering flexibility in accessing and managing their trading accounts. These platforms allow traders to monitor market trends, place orders, and execute trades conveniently from their computers or mobile devices.

  It is important to note that while Zaif primarily focuses on cryptocurrency trading, it may not offer additional financial products or services such as margin trading, futures contracts, or options trading. Traders should consider their specific trading needs and preferences when choosing an exchange.

cryptocurrencies

How to open an account?

  The registration process on Zaif typically involves the following steps:

  1. Visit the Zaif website and click on the “Register” button to begin the registration process.

open-account

      2. Fill in your email address, password, and any other required personal information in the registration form.

      3. Verify your email address by clicking on the verification link sent to your email.

      4. Complete the account verification process by providing any additional required identification documents, such as a valid ID or proof of address.

      5. Set up two-factor authentication (2FA) for added security by linking your Zaif account to a 2FA app or receiving SMS codes.

      6. Once your account is fully verified and set up, you can start funding your account and begin trading cryptocurrencies on Zaif.

    Fees

      Zaif charges trading fees for both market makers (those who provide liquidity to the exchange) and market takers (those who take liquidity from the exchange). The trading fees vary depending on the trading volume of the user, with higher volume traders being eligible for lower fees. For market makers, the fees range from 0% to 0.10%, while for market takers, the fees range from 0.10% to 0.15%.

      In terms of deposit and withdrawal fees, Zaif does not charge any fees for cryptocurrency deposits. However, for cryptocurrency withdrawals, there are fees associated with each specific cryptocurrency, which can be found on the Zaif website. Additionally, for bank transfer deposits and withdrawals, Zaif does not charge any fees. However, users should be aware that their own banks may charge fees for these transactions.

      When comparing the fees of Zaif with other exchanges, it is important to consider the specific trading volume and fee structure of each exchange. Different exchanges may have different fee tiers and structures, so it is advisable for users to compare the fees on multiple exchanges to find the most suitable and cost-effective option for their trading needs.

    Deposit & Withdrawal

      Zaif offers flexibility in deposit and withdrawal methods. Users can deposit funds into their Zaif accounts through bank transfers or by transferring cryptocurrencies from other wallets or exchanges. For bank transfers, users can follow the instructions provided on the Zaif website to initiate the transfer. The processing time for bank transfers may vary depending on the user's bank and the specific circumstances, but generally, it can take a few business days for the funds to be credited to the Zaif account.

      For cryptocurrency withdrawals, users can initiate the withdrawal process by selecting the desired cryptocurrency from their Zaif account and providing the recipient wallet address. The processing time for cryptocurrency withdrawals can vary depending on the specific cryptocurrency and network congestion, but generally, it can take a few minutes to a few hours for the transaction to be confirmed and completed.

      It is important for users to double-check their deposit and withdrawal information to ensure accuracy and avoid any potential issues. Users should also be aware that Zaif may have certain minimum deposit and withdrawal requirements, which can be found on the Zaif website or in the account settings.

    Customer Support

      Zaif provides various options for customer support:

      1. Support Center: Customers can seek assistance for login issues or operational queries through operator support. They can contact the operator at TEL: 050-5213-4651. Additionally, Zaif may also respond to certain inquiries via email support, based on the nature of the inquiry.

      2. Inquiry Response Time: Different support channels are available during specific hours - telephone and chat support are available from 10:00 to 17:30 on weekdays, while email support operates from 10:00 to 17:30, including weekends and holidays.

      3. Responses to Inquiries: Customer inquiries are addressed in the order they are received. In cases where the user ID or name cannot be confirmed, Zaif may request identity verification. Depending on the nature of the inquiry, there might be certain topics for which Zaif may be unable to provide a response. Customer understanding in such cases is appreciated.

    customer-support

    Is Zaif a Good Exchange for You?

      Zaif may be suitable for different target groups depending on their trading needs and preferences. Here are some potential trading groups that could consider using Zaif:

      1. Beginner Traders: Zaif offers a user-friendly interface and convenient trading platforms, making it accessible for beginners who are new to cryptocurrency trading. The availability of a range of cryptocurrencies also provides opportunities for users to explore different options and gain exposure to various markets.

      2. Experienced Traders: For experienced traders who are looking for leverage options, Zaif's maximum leverage of up to 5x can be advantageous in maximizing potential profits. The flexible deposit and withdrawal methods allow for easy management of funds, while the trading platforms provide advanced features and tools to support more sophisticated trading strategies.

      3. Japanese Traders: As a Japan-based exchange regulated by the Financial Services Agency (FSA), Zaif may be particularly appealing to Japanese traders who prefer to trade on a local platform. The availability of customer support in multiple languages further enhances the user experience for Japanese traders.

      4. Traders Seeking Security: Zaif's adherence to security measures such as cold storage and regular security audits contributes to the overall security and reliability of the platform. Additionally, its regulatory status with the FSA provides a certain level of oversight and protection for users' funds.

      It is important to note that while Zaif may be suitable for these target groups, individual preferences and risk tolerance should be taken into consideration when choosing a trading platform. Traders should always conduct independent research and consider their specific needs before making any investment decisions.

    Controversies the exchange has experienced

      Zaif has been involved in a number of controversies over the years. Some of the most notable include:

    •   In 2015, Zaif was hacked and lost 6,000 BTC. The hackers stole the cryptocurrency from Zaif's hot wallet, which is a wallet that is connected to the internet and is therefore more vulnerable to attack. Zaif reimbursed the affected users, but the hack damaged the platform's reputation.

    •   In 2018, Zaif was accused of wash trading. Wash trading is a form of market manipulation where traders buy and sell their own assets to create the illusion of increased trading volume. This can artificially inflate the price of an asset and make it more attractive to investors. Zaif denied the allegations, but the controversy led to a decline in trading volume on the platform.

    •   In 2019, Zaif was acquired by Japanese financial conglomerate GMO Internet. The acquisition was seen by some as a way for GMO Internet to gain control of Zaif's customer base. However, GMO Internet has pledged to keep Zaif's operations independent.

    User satisfaction

      User satisfaction with Zaif can vary as it is subjective and depends on individual experiences. Some users appreciate the access speed of the platform, finding it fast and efficient. Others may have different experiences, finding the platform slower or encountering occasional delays.

      Regarding fees, some users may find Zaif's fee structure competitive and reasonable, while others may prefer lower fees offered by other exchanges. The experience of using the trading platform can also vary, with some users finding it intuitive and user-friendly, while others may have different preferences or encounter challenges navigating the interface.

      In terms of the process of trading cryptocurrencies, some users may find it smooth and seamless, while others may experience difficulties or encounter errors. It is important to note that user satisfaction can be influenced by various factors, such as personal preferences, technical issues, and market conditions, and may change over time. It is advisable for users to experience the platform themselves and consider their specific needs and preferences before forming their own opinions.

    Conclusion

      In conclusion, Zaif offers a range of cryptocurrencies for trading and provides a user-friendly platform for virtual currency exchange. The leverage options and trading platforms offer flexibility and convenience for traders. However, it is important to note that Zaif may not offer additional financial products or services and its educational resources and customer support options are limited. While some users may appreciate the access speed and competitive fee structure, others may have different experiences and preferences. It is advisable for traders to carefully consider their specific needs and preferences when choosing an exchange.

    FAQs

      Q: What cryptocurrencies can I trade on Zaif?

      A: Zaif offers a variety of cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, and more. Users can explore different options and diversify their portfolios.

      Q: How can I deposit funds into my Zaif account?

      A: There are multiple methods for depositing funds into your Zaif account. You can initiate a bank transfer or transfer cryptocurrencies from other wallets or exchanges. Instructions for each method can be found on the Zaif website.

      Q: Are there any fees for cryptocurrency deposits on Zaif?

      A: Zaif does not charge any fees for cryptocurrency deposits. However, users should be aware that there may be withdrawal fees associated with specific cryptocurrencies.

      Q: How long does it take to complete a cryptocurrency withdrawal on Zaif?

      A: The processing time for cryptocurrency withdrawals can vary depending on the specific cryptocurrency and network congestion. Generally, it can take a few minutes to a few hours for the transaction to be confirmed and completed.

      Q: Is Zaif regulated by any financial authority?

      A: Zaif is a Japan-based exchange regulated by the Financial Services Agency (FSA). This regulatory status provides a certain level of oversight and protection for users' funds.

    Risk Warning

      Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.