How about Zaif exchange?

Zaif Exchange: Reliability Assessment

What is Zaif?
Zaif is a digital currency exchange headquartered in Tokyo, Japan, focusing on Japanese Yen trading pairs. It was established in 2014 and is one of the earlier cryptocurrency exchanges in Japan.

Reliability
Overall, Zaif is considered a relatively reliable exchange. It has the following features:

• Regulation: Zaif is regulated by the Japan Financial Services Agency (FSA) and complies with Japan’s strict anti-money laundering and know-your-customer (KYC) regulations.
• Cold Storage: Most of Zaif’s assets are stored in cold storage wallets to minimize the risk of theft.
• Security Measures: Zaif has implemented multiple security measures, including two-factor authentication, SSL encryption, and Distributed Denial of Service (DDoS) protection.
• Customer Service: Zaif provides 24/7 customer service support.

Past Controversies
However, Zaif has experienced some controversies in the past, including:

• 2018 Hack: In September 2018, Zaif was hacked and lost approximately $60 million worth of crypto currency.
• Withdrawal issues: Zaif also faced withdrawal issues in 2018 and 2019, which worried some users.

Overall View
Despite past controversies, Zaif is still considered a reliable exchange by many cryptocurrency investors. Its governance, security measures, and customer service make it a good choice for storing and trading digital assets.

It is worth noting that when choosing an exchange, investors should always conduct their own research and consider factors such as trading fees, trading pair availability, and customer experience.

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