Zaif exchange: Japan’s trusted crypto trading site

Ever since cryptocurrencies were turning into household names in Japan, one of the main concerns that users had was the secureness of the trading platforms. Several sites were introduced to the public but one site that always ensured traders with security and useability and that is Zaif exchange. 

Founded in June of 2014, the exchange was one of the first Bitcoin platforms in the country that followed the framework designed by Japanese cryptocurrency regulators. In this regulatory under the Payment Services Act (PSA), one of the definitions given to Crypto Asset Exchange Services or CAES is that it’s a business that allows people to buy, sell and trade crypto assets. 

As one of the oldest exchange sites in the country licensed by the Japanese Financial Services Agency (JFSA), its a trustworthy platform among users who want to secure their accounts. Today Zaif exchange supports over 40 different tokens on their site and caters to traders from around the world.

Are you curious to know more? Learn more about this exchange when you read this article: 

Important features of Zaif exchange

Zaif exchange offers several features that make it more than just a trading platform. These make traders from around the world come back and keep using the site as they offer convenience and other useful features.

Here are some of the most important features that Zaif exchange offers:

Twitter chips

One of the biggest draws of Zaif exchange is its crypto transferring feature called ‘Twitter chips’ that enables users to transfer Bitcoins through their Twitter accounts.

This feature is meant to be used by traders to send Bitcoins to someone who made them laugh with their tweet or an artist that they want to support. Moreover, they can also use this feature to donate to a charity that posted a tweet regarding their cause.

Additionally, Zaif exchange also has a similar feature called ‘Chat Chip’ where instead of donating through Twitter, the chat panel is used to give tips in the form of crypto assets.

Zaif coin reserve

Newcomers who are hesitant to invest in crypto assets will find Zaif’s reserve coin feature that allows them to increase their holdings through risk-free methods.

They use a method called dollar cost averaging where a fixed amount will automatically be deducted from the user’s bank account. Regardless of the market’s volatility during that time, monthly purchases have the chance to average over time thanks to the set date of purchase every month.

However, do keep in mind that there is a minimum requirement for the Zaif coin reserve which is 1,000 JPY or 8.67 USD.

Bitcoin futures

Because of the volatility of the crypto market, it’s impossible to predict the future price of bitcoin—that’s where bitcoin futures come in. With this feature, traders can gain more exposure to Bitcoin even if they don’t hold the needed cryptocurrency by locking in the prices that have a sure return regardless of the market’s volatility.

Order book trading

Order books are lists of buy and sell orders organized by price level stored electronically. Zaif exchange features Orderbook trading where users can profit by trading with other people by setting their prices. 

Margin trading

Zaif exchange also allows its users to partake in margin trading which can benefit them by increasing their profits significantly. However, a glaring problem with this type of trading is that it can also increase losses. 

How margin trading works is that it leverages a trader’s position in the market by borrowing funds from a third party. Because of the leveraged position, the user can then have access to greater sums of capital.

Benefits of using Zaif exchange

Aside from the various features that the trading platform offers, Zaif exchange also provides various benefits for users that can help them have a smoother trading experience. This includes: 

Variety of supported tokens

A huge benefit that comes with using Zaif exchange is that you’ll have access to over 40 supported cryptocurrencies. This way, users won’t have a hard time trading because they can easily find the tokens they want to use. Some of the most famous tokens that the exchange supports include:

• Bitcoin (BTC)
• Ethereum (ETH)
• XYM
• XEM
• MonaCoin (MONA).

Regulated and world-class security

Traders won’t have to hesitate when it comes to Zaif exchange’s trustworthiness and security. For starters, Zaif exchange is regulated by the Japanese Financial Services Agency (JFSA) which proves that they’re as legit as trading platforms come.

As for its security measures, the site ensures that users’ assets are stored safely in cold wallet storage to avoid cyber attacks. Through this method, cryptos are stored offline and users are given a private key to make sure that only they can access their assets.

Moreover, the site also gives its users the ability to activate two-factor authentication (2FA) which requires you to verify your identity in two separate methods. This is usually used along with a secure password.

Easy trading

Zaif’s easy to navigate features makes it accessible for users since the interface is organized per category. By navigating through the different labels, you can easily buy, sell and trade on the site by entering the specific amount of assets that you want to transact.

Additionally, the site also comes with a high-functional chart where users can see different details in the chart in real-time.

High liquidity

When it comes to trading assets such as cryptocurrencies, liquidity is important, especially in a volatile market. By having high liquidity, the site guarantees more stable prices and is less prone to huge downward spikes.

Is Zaif exchange for you?

Thanks to helpful features such as Twitter chips and Bitcoin futures, Zaif exchange proves to be a different yet reliable and trustworthy trading platform. Add to that the different benefits that it provides such as world-class security, easy interface and more, it’s no surprise that the platform has reached the success that it has today.