Zaif Crypto Investment Broker Review

A Brief Overview Of Zaif Broker

Zaif Broker is a cryptocurrency exchange service that has its offices in Tokyo and Osaka in Japan. It was established in 2016 with the aim of providing a safe and secure crypto exchange service.

Available Assets And Securities

There are a variety of securities that you can trade in on Zaif’s platform. Among the available crypto units include the bitcoin, bitcoin cash, ethereum, Mona and XEM. Tokens, on the other hand, include Zaif, XCP, BitCrystals, Pepecash, and storjcoin X among others. Both crypto units and tokens are paired against either the bitcoin or the Japanese yen. 

Fees

There are no trading fees on Zaif’s platform. However, on margin trading, you incur a 0.039% lending fee per day. A daily profit commission per settlement is also charged at 0.7% same as a swap fee per two hours of a maximum of 0.375%.

Deposit and withdrawal fees are as indicated in the table below:

Bank Transfer	Fees charged
Convenience deposit	< 30,000 Yen	486 Yen
	>30,000 Yen	594 Yen
Pay Easy deposit	<30,000 Yen	350 Yen
	>30,000 Yen	756 Yen

 

Customer Support

Not much is there to say about Zaif’s customer support. It only has the email support that you can contact if you have any inquiry. The response time is from 10 am to 5.30 pm. No live chat or hotline numbers are indicated on the platform. You can also get more help from their detailed FAQs section.

Pros

• Free registration.
• Has a vast range of currency pairs

Cons

• The Zaif coin reserve is out of order at the moment.
• Inefficient customer support

Conclusion

Zaif seems to be a legitimate platform but the downside comes to its inefficient customer support as well as the out of order coin reserve.