FSARegulated
Japan Crypto Asset Exchange License (CASP)
Zaif
Basic Information
Country/RegionJapan
Operating Period5-10 years
Company Name--
Contact Number--
Websitehttps://zaif.jp/
Exchange AbbreviationZaif
RiskNotice
2 risk alerts
- License No.
- 近畿財務局長 第00001号
- Regulatory Jurisdiction
- Japan
- Licensed Entity
- 株式会社Ｚａｉｆ
- Effective Date
- 2017-09-29
- Sharing Status
- No
User Feedback
8
Zaif's liquidity is poor and the retrieval of funds is extremely slow, which gives me a headache. If you ask me to give it a good review, I can't do it.
They offer many nice features such as an instant exchange, a trading platform, margin trading, and Bitcoin futures. but they have alot of negative reviews let’s see what the future holds
Official Token
ZAIF
ZAIF
--
--
Issue Time
2016-04-08
Circulation (pieces)
3,683,852.62
Recently destroyed (pieces)
--
Total destroyed (pieces)
--
Exchange Overview
Exchange Overview
What Is Zaif?
Zaif is a Japanese centralized cryptocurrency exchange (CEX). It was one of the first crypto exchanges to obtain a license from the Japanese Financial Services Agency (JFSA). As of September 2018, it was ranked as the 35th largest cryptocurrency exchange by turnover. However, on September 14, 2018, the exchange’s hot wallets were hacked, with the equivalent of $60 million in cryptocurrency stolen.
Following the incident, Zaif suspended operations, entering a bailout agreement with FISCO, a Japanese brokerage that injected 5 billion yen ($44.675 million) in financial support. In November, the company was sold to FISCO Digital Asset Group Co. Ltd.
Who Are the Founders of Zaif?
The company was founded by Takao Asayama, CEO of Tech Bureau. Tech Bureau operated Zaif until FISCO purchased it in late 2018. At the time of publication, Ryuji Yagi headed the platform. Other members of the management team include Toshiya Kotake, Norifumi Imai, Takayoshi Abe, Kenji Yamaguchi, and Osamu Fukami.
CoinMarketCap could not confirm the background of these individuals since the majority of them do not have LinkedIn profiles.
When Did Zaif Launch?
Zaif made its debut on June 16, 2014.
Where Is Zaif Located?
The cryptocurrency exchange operates out of Japan’s busy capital city of Tokyo.
Zaif Restricted Countries
CoinMarketCap has been unable to confirm if any countries are restricted from using Zaif. However, besides the fact that the exchange is mostly in Japanese, an August 2022 announcement from the company said that the platform was “currently not accepting applications for opening an account for customers residing overseas. In addition, even if you are a customer who has completed identity verification in the past, we may refuse to use it at our discretion.”
What Coins Are Supported on Zaif?
The trading platform offers a limited number of digital assets. With just ten coins and 14 markets, BTC/JPY is the most active trading pair on the exchange.
How Much Are Zaif Fees?
Zaif charges some of the lowest fees in the cryptocurrency exchange market — 0.10% for takers and free of charge for makers for its spot trading market.
Is It Possible To Use Leverage or Margin Trading on Zaif?
Users can trade on margin with a leverage of up to 7.7x on the exchange platform.
Business Region
InfluenceB0
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Feedback 8
This brand has not yet joined WikiBit platform. All feedback is publicly displayed.
❣ོMαyྀྀྀྀ.
Zaif's liquidity is poor and the retrieval of funds is extremely slow, which gives me a headache. If you ask me to give it a good review, I can't do it.
Scarletc
They offer many nice features such as an instant exchange, a trading platform, margin trading, and Bitcoin futures. but they have alot of negative reviews let’s see what the future holds
Dazzling Dust
In 2018, Zaif, a Japanese cryptocurrency exchange, experienced a major security breach, resulting in the theft of approximately $60 million worth of cryptocurrencies, including Bitcoin. This incident highlighted the risks associated with cryptocurrency exchanges and prompted the company to compensate affected users and improve its security measures.
FX1007457923
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.
0xDatsun
stole my money once
Jack 296
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.
Jack 296
they stole my money. the owner of the platform. $5100. his name is Jason. stay away from this platform.
Jack 296
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.