№ 27 | Zaif - Cryptocurrency Exchanger Review CENTRALIZED
Zaif is one of the largest Japanese cryptocurrency exchange.
Zaif gives an opportunity to trade Bitcoin (BTC), NEM (XEM), MonaCoin (MONA), etc. Many tokens can be purchased/sold in pairs to the Japanese yen. The Zaif exchange is a part of Tech Bureu Inc. Tech Bureu Inc. conducted a good marketing work on the promotion and development of the new cryptocurrency exchange.
Registration of a new user is completely free.
The main difficulty is to translate information on the platform. The matter is that the exchange has only the Japanese version and it is impossible to do without the help of an online translator. In order to be able to carry out trading operations on the Zaif exchange, it is necessary to pass through the identification of the person.
It will consist of several stages: registration of the phone number and attachment of documents proving the identity. Verification of personal documents is usually carried out within one working day. After its successful completion, in the section on personal data there appears information that the documents have been checked and additionally marked with a green tick.
The main trading pair on the Zaif exchange is BTC/JPY.
It accounts for more than 80% of the total daily turnover. The commission on the platform is minimal. Exchange Zaif has developed an application for Android and iOS devices, which can be downloaded on Google Play and the App Store.
With this application, you can view current quotes on the market, buy/sell bitcoins or other altcoins. The Zaif exchange is actively developing in the domestic market. Its trading volumes are constantly growing, new trading pairs and services are emerging.
All this attracts traders who are interested in trading Japanese yen.
Therefore, the feedback on the activity of the exchange is mostly positive. As for European and American users, the trading on this exchange will not be very convenient and beneficial for them.
The daily trading volume of Zaif is approximately close to $56 millions of dollars. At the time of writing there are only 15 crypto assets listed on Zaif.
- Big diversity of crypto assets;
- iOS and Android support;
- Low trading commissions.
- Focus only on the Asian market;
- Lack of token’s diversity;