Zaif vs Binance: Fees, Coins, Safety Comparison
| Feature | Zaif | Binance |
|---|---|---|
Overall |
3.4 |
4.8 |
3.7 |
4.5 |
|
3.5 |
4.8 |
|
3.3 |
5.0 |
|
Investment Instruments |
3.6 |
4.7 |
Platforms and Charting Tools |
3.6 |
4.9 |
Deposit and Withdrawal |
3.5 |
4.7 |
Research |
3.7 |
4.6 |
Education |
3.6 |
4.8 |
Support |
2.8 |
4.8 |
Bonuses |
2.9 |
4.2 |
|
Your capital is at risk.
|
Zaif vs Binance: Pros and Cons
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.
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit).
| Zaif | Binance | |
|---|---|---|
| Overall Pros | technically simplified trade; | Trading With Leverage up to 1:100 |
| profitable investment solution; | Low Trading and Non-Trading Fees | |
| popular cryptocurrencies and tokens; | 10+ Account Fiat Currencies + 50 Crypto | |
| significant bonuses for the affiliate program; | Derivatives, NFT, ETF are Available | |
| transfer of cryptocurrency via Twitter; | Indicators are Available | |
| low commission fees; | Passive Income With Staking and Mining Pool | |
| universal Manepa Card; | Strong Research | |
| detailed FAQs section. | ||
| Overall Cons | the Japanese yen is the only fiat; | No tier-1 regulation |
| technical support does not have a call center. |
Zaif vs Binance: Safety and Regulation
| Regulated By: | Zaif | Binance |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
FSA Japan |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
Zaif vs Binance: Trading Conditions
| Trading Conditions | Zaif | Binance |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
TradingView |
Binance |
Max Leverage (Futures) |
44593 |
1-100 |
Number of Markets |
27+ |
1.358 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, currencies |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
Zaif vs Binance: Fees
Trading Fees
| Fee | Zaif | Binance |
|---|---|---|
Max Maker |
0 |
0.1% |
Max Taker |
0.10% |
0.1% |
Min Maker |
0 |
0.012% |
Min Taker |
0.10% |
0.024% |
Debit/Credit Card Purchase Fee |
Not supported |
0.01 |
Futures Trading fees
| Fee | Zaif | Binance |
|---|---|---|
Max Maker |
0.039% |
0.02% |
Max Taker |
0.039% |
0.04% |
Min Maker |
0.039% |
0 |
Min Taker |
0.039% |
0 |
Non-Trading Fees
| Fee | Zaif | Binance |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Convenience deposit Less than 30,000 yen - 495JPY, More than 30,000 yen, 605JPY, Pay-easy deposit Less than 30,000 yen - 495JPY, More than 30,000 yen, crypto assets - free |
No |
Bank Transfer Withdrawal Fee |
Less than 30,000 yen - 385JPY, More than 30,000 yen, 770JPY |
1.5 USD |
Debit/Credit Card Withdrawal Fee |
Not supported |
0.0001 |
BTC Withdrawal Fee |
0.0001 - 0.01 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
Zaif vs Binance: Trading Assets
| Asset Name | Zaif | Binance |
|---|---|---|
Overall |
27+ |
396+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
No |
Yes |
Dogecoin (DOGE) |
No |
Yes |
Binance Coin (BNB) |
No |
Yes |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
No |
Yes |
Polkadot (DOT) |
No |
Yes |
Cardano (ADA) |
No |
Yes |
Stellar (XLM) |
No |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
No |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
Zaif or Binance: Investment Programs
| Asset Name | Zaif | Binance |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Zaif Coin Reserve |
No |
Trading Platforms: Binance or Zaif
| Zaif | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Binance or Zaif
| Zaif | Binance | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
No |
Yes |
Filters |
No |
Yes |
Technical Analysis: Binance or Zaif
| Zaif | Binance | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Binance or Zaif
| Zaif | Binance | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Binance or Zaif
| Zaif | Binance | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
Yes |
Zaif vs Binance: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Zaif | Binance |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Zaif vs Binance: Research
| Research Type | Zaif | Binance |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
Zaif vs Binance: Education
| Education Type | Zaif | Binance |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs Zaif: Support
| Support Features | Zaif | Binance |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Ticket |
Telegram |
Zaif vs Binance: Crypto Bonuses and Promo
| Promo | Zaif | Binance |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
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. |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
-
Comment
My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.
-
Comment
Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.
Top 5 Reviews on Zaif
-
Comment
It is inconvenient to trade with Zaif. I was convinced of this after working with them for 3 months. You can withdraw money, but you will only have to wait a very long time. The terminal is buggy and transactions are processed for a very long time. I don't like this very much. And yes, there are a lot of technical problems.
-
Comment
In Zaif, the conditions are normal, but do not withdraw money. Trading was great. Exactly until the moment when the withdrawal was requested))) As soon as the money wanted to withdraw, I was blocked. 3000 dollars and hung there with them.
-
Comment
I registered on the Zaif exchange a year ago and I have never regretted trading here. Of course, I had to open bank accounts for the Japanese yen, but this problem was resolved. The site is suitable for exchanging fiat currency for cryptocurrency and vice versa, as well as for trading cryptocurrency pairs. The service is aimed at Japanese investors. But there are no restrictions for residents of other countries. It is impossible to enjoy some of the benefits like paying for goods and services using Bitcoins. The Zaif exchange is a very good service for crypto trading.
-
Comment
The Zaif exchange has a serious attitude towards its customers, a high level of security, and a large volume of trading in Bitcoin paired with the yen. All this characterizes the Zaif exchange as a focused company for the exchange and trading of cryptocurrency. Various options are offered for trading. Limit and market orders are available, and a service for the instant sale/purchase of cryptocurrency at the exchange rate itself. In addition, trading with leverage is also offered, which gives its advantages. The commissions of the Zaif exchange are quite adequate, in some cases even lower than those of other exchanges.
-
Comment
Although the site zaif.jp appeared in English, nothing has changed. As this exchange was aimed exclusively at clients from Japan, it has remained. Serious registration problems. And also it is impossible to find a technical support specialist who speaks English. Well, the biggest problem is that when working with fiat currency, you need an account with one of the banks in Japan. I do not recommend Zaif.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
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.