Zaif vs Upbit: Fees, Coins, Safety Comparison
| Feature | Zaif | Upbit |
|---|---|---|
Overall |
3.4 |
3.0 |
3.7 |
1 |
|
3.5 |
3.9 |
|
3.3 |
3.5 |
|
Investment Instruments |
3.6 |
1 |
Platforms and Charting Tools |
3.6 |
4.1 |
Deposit and Withdrawal |
3.5 |
3.8 |
Research |
3.7 |
4.0 |
Education |
3.6 |
3.6 |
Support |
2.8 |
3.7 |
Bonuses |
2.9 |
1 |
Zaif vs Upbit: 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 Upbit crypto exchange is a premier trading and exchange platform that was launched in South Korea on 24 October 2017, under the assistance of their partnership with the American cryptocurrency exchange Bittrex. It allows you to exchange and trade Bitcoin, Ethereum, Litecoin, Tether, Ripple, and other renowned cryptocurrencies. Unfortunately, only the Singapore dollar (SGD) is represented as fiat money here. The exchange operates legally, is licensed, has a huge trading volume, and dynamic growth of economic indicators. The platform does not offer investment and partnership programs because the functionality of the trading terminal is completely set for exchange and trade. On top of the web version, there is a mobile application for iOS and Android devices. Another significant advantage is low fixed commission charges for trading operations.
| Zaif | Upbit | |
|---|---|---|
| Overall Pros | technically simplified trade; | the intuitive interface of the author's trading terminal; |
| profitable investment solution; | all the primary functions for buying and selling are presented; | |
| popular cryptocurrencies and tokens; | mobile trading with a built-in risk assessment system; | |
| significant bonuses for the affiliate program; | the most renowned cryptocurrencies are traded on this exchange, there are pairs with fiat; | |
| transfer of cryptocurrency via Twitter; | two-level authentication means top-tier security; | |
| low commission fees; | up-to-date analytics on cryptocurrency market trends; | |
| universal Manepa Card; | there is no evidence of fraud or unresolved conflicts. | |
| detailed FAQs section. | ||
| Overall Cons | the Japanese yen is the only fiat; | the exchange is focused on traders from the Asian region; |
| technical support does not have a call center. | only the Singapore dollar is represented by fiat funds; | |
| there are no investment, partnership, or training programs. |
Zaif vs Upbit: Safety and Regulation
| Regulated By: | Zaif | Upbit |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
FSA Japan |
No |
Zaif vs Upbit: Trading Conditions
| Trading Conditions | Zaif | Upbit |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
TradingView |
Upbit |
Max Leverage (Futures) |
44593 |
44562 |
Number of Markets |
27+ |
182+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, currencies |
Bank cards and accounts, electronic and cryptocurrency wallets |
Zaif vs Upbit: Fees
Trading Fees
| Fee | Zaif | Upbit |
|---|---|---|
Max Maker |
0 |
0 |
Max Taker |
0.10% |
0.15% |
Min Maker |
0 |
0 |
Min Taker |
0.10% |
0.15% |
Debit/Credit Card Purchase Fee |
Not supported |
Not supported |
Futures Trading fees
| Fee | Zaif | Upbit |
|---|---|---|
Max Maker |
0.039% |
Not supported |
Max Taker |
0.039% |
Not supported |
Min Maker |
0.039% |
Not supported |
Min Taker |
0.039% |
Not supported |
Non-Trading Fees
| Fee | Zaif | Upbit |
|---|---|---|
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 |
Not supported |
Debit/Credit Card Withdrawal Fee |
Not supported |
Not supported |
BTC Withdrawal Fee |
0.0001 - 0.01 BTC |
0.0009 BTC |
Inactivity Fee |
No |
No |
Zaif vs Upbit: Trading Assets
| Asset Name | Zaif | Upbit |
|---|---|---|
Overall |
27+ |
182+ |
Bitcoin (BTC) |
Yes |
No |
Litecoin (LTC) |
No |
No |
Dogecoin (DOGE) |
No |
No |
Binance Coin (BNB) |
No |
No |
Uniswap (UNI) |
No |
No |
Ripple (XRP) |
No |
Yes |
Polkadot (DOT) |
No |
No |
Cardano (ADA) |
No |
Yes |
Stellar (XLM) |
No |
Yes |
IOTA (MIOTA) |
No |
No |
Tron (TRX) |
No |
Yes |
Derivatives (Futures) |
Yes |
No |
NFT |
No |
Yes |
Crypto ETF |
No |
No |
Zaif or Upbit: Investment Programs
| Asset Name | Zaif | Upbit |
|---|---|---|
Staking |
No |
No |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Zaif Coin Reserve |
No |
Trading Platforms: Upbit or Zaif
| Zaif | Upbit | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Trading Platforms Features: Upbit or Zaif
| Zaif | Upbit | |
|---|---|---|
SMS Based 2 FA |
No |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
No |
Yes |
Filters |
No |
Yes |
Technical Analysis: Upbit or Zaif
| Zaif | Upbit | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Upbit or Zaif
| Zaif | Upbit | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Upbit or Zaif
| Zaif | Upbit | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
No |
Stop Loss |
No |
No |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
Zaif vs Upbit: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Zaif | Upbit |
|---|---|---|
Bank Transfer |
Yes |
Yes (Only Deposit) |
Credit/Debit Card |
No |
No |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Zaif vs Upbit: Research
| Research Type | Zaif | Upbit |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Zaif vs Upbit: Education
| Education Type | Zaif | Upbit |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
No |
Webinars |
No |
No |
Upbit vs Zaif: Support
| Support Features | Zaif | Upbit |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
No |
Online chat |
No |
No |
Other |
Ticket |
No |
Zaif vs Upbit: Crypto Bonuses and Promo
| Promo | Zaif | Upbit |
|---|---|---|
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. |
No |
Top 5 Reviews on Upbit
-
Comment
I am sure that you need to choose a cryptocurrency exchange yourself because everyone has their own goals. Before getting on Upbit, I tried a bunch of other trading platforms, but this one was perfect for me. Verification is simple, there is no minimum deposit on the site, and the terminal interface is classic, so you can deal with all the nuances even without the help of the support team. The mobile application is also convenient, I use it for trading when I go on business trips.
-
Comment
A cryptocurrency exchange is a place to trade and exchange digital currencies. Usually, there are investment programs, specialized software for mining, and affiliate programs that lure beginners. I simply do not need these gadgets, so I am 100% satisfied with the conditions at Upbit. This crypto exchange provides everything you need for simple and comfortable trading in Bitcoins, Ether, etc. The only pity is that communication with managers is organized exclusively through tickets. I don’t understand why such a progressive platform does not take care of its call center.
-
Comment
I expected more from this company, I was almost sure that everything is ok here. But I was wrong, the hole, like many in the crypto market, there is just a lot of pathos. There is no desire to disassemble in detail all the jambs that I have noticed, I can only say that it is not worth it.
-
Comment
I am ready to give Upbit the highest rating because there is no take profit, stop loss, or leverage for margin trading here. The exchange offers interesting conditions for professionals. The author's terminal has an intuitive interface and is equipped with all the necessary functions for comfortable trading. Commissions have already been calculated within the transaction (and it should be noted that exchange fees here are fixed for all assets). With the withdrawal of profit, everything is clear. Upbit does not fail.
-
Comment
Well, I'm not among the top supporters of the Upbit exchange. There are several drawbacks such as its narrow focus on the Asian market and its lack of comfortable trading conditions for newcomers — and these are only a part of its disadvantages. However, in fairness, it should be noted that there are also many advantages. First, it has an adequate commission policy. Exchange fees are fixed for major cryptocurrencies at 0.2%. The terminal works as transparently as possible and provides news, charts with indicators, analytics, etc. Trading is comfortable veteran traders. And it is also worth noting that there are generally no distracting frills that are not necessary for active traders such as mining and investment programs. This suits me just fine.
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.