Zaif is one of the largest crypto exchanges in Japan. It is the oldest operating Japanese Bitcoin exchange, having established itself since Apr. 2014, after the failed Mt. Gox exchange as a Japanese Bitcoin exchange.
Zaif was among the first Japanese cryptocurrency exchanges to obtain a license from the local regulator the Financial Services Agency (FSA), along with other majors like bitFlyer, Quoine, GMO Coin, etc.
The exchanges underwent a six-month rigorous regulation process, under the Japanese legislation on cryptocurrency exchange licensing. Japan became the first country to regulate the operations of the crypto exchanges and is one of the major crypto trading markets in the world.
They allow exchanging and buying/selling various coins such as Bitcoin (BTC), NEM (XEM), MONA, COMSA (CMS), Ethereum (ETH), Bitcoin Cash (BCH), Storjcoin X (SJCX), PEPECASH etc. Zaif offers trading both in cryptocurrency-for-cryptocurrency and cryptocurrency-for-fiat currencies. The fiat currency, naturally is JPY.
The Zaif exchange also allows margin trading.
Zaif Advantages
Zaif is among the first cryptocurrency exchanges in Japan to get a license from the FSA. This means it complies with all legal requirements and is not a scam.
The Zaif exchange allows margin trading. Margin trading is more profitable than normal trading, but it has a risk factor.
With Zaif coin reserve, you can automatically withdraw a fixed amount monthly from your bank account and accumulate the desired amount. The process is automatic.
Social Tipping, Zaif exchange allows users to send bitcoin with only twitter username. Generally, you need your counterpart’s bitcoin address to send bitcoin. However Zaif users can send bitcoin to any twitter users with the new function. Bitcoin recipients now don’t need to obtain bitcoin address so that senders are able to easily and intuitively send bitcoin.
You can withdraw & charge Japanese yen from your Zaif account to your Manepa Card, a multi-currency prepaid card that can be used both in Japan and overseas.
Volume ranking. The more the volume increases, the more the amount of compensation is increased! A volume ranking campaign is held every day covered transactions are BTC, AirFX, Futures trading, ETH
Zaif keeps clients' funds in segregated accounts and in offline cold storage, with encryption and a multi-signature withdrawal procedure. Additionally, there is the standard two-factor verification.
Zaif and Comsa
COMSA, a project to be undertaken by Tech Bureau Corp, will carry out an ICO exercise and issue ICO tokens. This project will enable centralized businesses the ability to utilize blockchain technology and prepare them for the eventuality of being able to face a more decentralized world.
COMSA allows enterprises to remodel and monetize their organization as a private token economy on the blockchain using the strong NEM protocol, as well as the ability to utilize powerful smart contracts of Ethereum to begin building decentralized applications. By leveraging on COMSA, the deployment and implementation of a blockchain will be much easier and faster than ever before, as well as giving more breadth to the enterprise.
Zaif will provide the following services as part of the COMSA solution.
● Listing of ICO tokens.
● /BTC and /ETH pairs for all COMSA initiated cryptos.
● Backing the pegged tokens issued by COMSA with segregated funds.
● Multi-language support.
● Payment services to allow holders to pay in ICO tokens.