Japanese bitcoin exchange Zaif launches new coin reserve program

Zaif is a Japanese bitcoin exchange which provides users with the options to buy and sell bitcoins using their online platform which focuses on the Japanese market.

And in a new announcement from the company, they are now providing customers with a new way to purchase bitcoin.

Announcing Coin Reserve

On the Zaif company website, they published a new page for users on how to increase their bitcoin holdings using a low-risk method. The method as they explain is through dollar-cost averaging. With the Zaif coin reserve funds will be automatically deducted from with a monthly fixed amount from your bank account; you can set aside the amount of your choice.

It’s a low-risk method because the purchases will happen on a set date and time each month, regardless of bitcoin volatility. This gives you a predictable monthly purchase that can average over time; it’s not intended for speculation or short gains. There is a minimum for the reserve purchases, which are a minimum monthly 1,000 yen or more ($9.06 USD). The maximum can be set up to 1 million yen ($9,061 USD).

Earlier this month Zaif’s parent company TechBureau secured $6.2 million in a Series A round of funding which they had planned to use partially toward investing in Zaif.

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David is a writer, researcher, and developer who is passionate about bitcoin and blockchain. He writes for Bitcoin.com, Blockchain.com, and is the founder of Bitcoinx.io (which was acquired by Bitcoin.com). David previously used to write and curate for Myspace and has worked in the fintech and payments space for over 15 years.