Is Zaif a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Zaif is a good crypto exchange to start trading with. In this article you will learn whether Zaif is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker Zaif
The Zaif exchange is a popular cryptocurrency trading platform. There are two options for buying and selling - fast trading and trading in the order book. Bitcoin, Ethereum, Bitcoin Cash, Fisco Coin, Symbol, XEM, Mona Coin, and other cryptocurrencies are traded on the exchange. The Japanese yen (JPY) is the only fiat currency on the site. The exchange provides 1:2 leverage. The trading terminal is a web version based on the standard TradingView system. Trader chat and analytics are integrated into the fast trading service. The Zaif Coin Reserve investment program allows you to automatically buy cryptocurrency at an average dollar value. There is a referral program with a bonus payment system. Trading commissions are below the market average.
| 💰 Account currency: | Cryptocurrencies, currencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:2 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, Japanese yen |
| 💹 Margin Call / Stop Out: | No |
Zaif Pros and Cons
👍 Advantages of trading with Zaif:
•technically simplified trade;
•profitable investment solution;
•popular cryptocurrencies and tokens;
•significant bonuses for the affiliate program;
•transfer of cryptocurrency via Twitter;
•low commission fees;
•universal Manepa Card;
•detailed FAQs section.
👎 Disadvantages of Zaif:
•the Japanese yen is the only fiat;
•technical support does not have a call center.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for Zaif Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Zaif offers traders the following conditions.
| 💻 Trading platform: | TradingView, web |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, currencies |
| 💵 Replenishment / Withdrawal: | Electronic and cryptocurrency wallets, bank transfers |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:2 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, Japanese yen |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | Profitable investment program Zaif Coin Reserve, you can order a plastic Manepa card, with the possibility of offline payment from it (in yen), you can earn cryptocurrency through entertainment applications like Zaika GO |
| 🎁 Contests and bonuses: | No data |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Zaif commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The Zaif cryptocurrency exchange charges trading fees. The maker and taker commissions are fixed and do not depend on the trading volume, the size of the trades, and the markets on which you trade. The fee is 0.0 / 0.1% for all pairs except BCH / JPY and BCH / BTC - for them the commission is 0.0 / 0.3%.
If a trader uses borrowed funds on the site, trading operations are subject to an additional fee of 0.039% per day. There is also a profit commission - 0.7%. When trading in the AirFX system, a daily fee is charged - 0.039% of the amount of an open contract. The swap fee is no more than 0.375%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.3% per order | Yes |
Investment programs of Zaif
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Zaif offers the following passive income options.
Investment Programs, Available Markets and Products of the Broker
The main investment program of the Zaif cryptocurrency exchange is called Zaif Coin Reserve. The program allows you to link a bank card or electronic wallet to your exchange account, from which a certain amount will be debited at a given frequency. It will be automatically used by the service to buy cryptocurrency. You determine what currency the service will buy, in what volume and price range.
The peculiarity of Zaif Coin Reserve is that the program uses an averaged dollar value algorithm. This means that it will independently reduce the volume of purchases when the price rises and will buy more when it decreases. Given the high volatility of cryptocurrencies, when the value is constantly changing, the averaged dollar value algorithm is one of the few that is really effective for automatic purchases. Thus, you will not be able to earn a lot, but the income will be stable.
The second option for passive earnings of cryptocurrency on the Zaif exchange is to receive "Mizin souls" through the Takara entertainment applications. You just need to install the application and play it to receive “souls”, which can be exchanged for cryptocurrencies through IndieSquare and transferred to your Zaif account. The application is interesting because to collect large "souls" you may exchange smaller "souls" with other players. This way, Takara encourages users to be socially active.
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
Zaif’s affiliate program
The Zaif crypto exchange offers an affiliate program, every user can join. To do thi s, you need to go to the appropriate section of your personal account, where your referral link is indicated. The link can be placed anywhere without restrictions - on social networks, forums, and websites. Each user who follows your link and registers on the exchange will become your affiliate (referral). Then you can receive two bonuses:
1,500 yen when your referral verifies his identity;
10,000 yen if your referral trades more than 1,000,000 yen within a month.
All bonuses are paid in yen to your Zaif account. The program does not imply constant payments and payments for users invited by your affiliates.
Conclusion. Is Zaif good for beginners?
The Zaif cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Zaif could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.