What are the top 5 places to buy Zilliqa cryptocurrency? Also, this guide will deep dive into the project by researching its potential as a blockchain project.
Back in 2016, when Ethereum was launched the world witnessed a new technology-based upon smart contracts and decentralized applications(Dapps). In short, this technology uses transactions being stored in blocks or a distributed ledger and in a decentralized way.
Moreover, Ethereum(ETH) witnessed massive growth by becoming the second-largest blockchain project in the world. Additionally, many investors jumped on the bandwagon by starting to invest in ETH and became wealthy in just a few years.
Although, there is lot’s of opportunity in the cryptocurrency markets it’s very important to do your own research. It will also reduce the chance to get scammed or prevent you from investing in projects that offer zero value.
This guide in then best platforms to buy Zilliqa(ZIL) will help you by this and also gives you some deeper insight into the project. Also, it explains what possibilities you have in buying ZIL regardless of where you live in the world. So let’s go 😎
What is Zilliqa(ZIL) Cryptocurrency?
Indeed, Zilliqa(ZIL) is a cryptocurrency existing inside a blockchain network with a limited supply of coins. In particular, the Zilliqa blockchain has been developed to make the life of its bigger brother Ethereum easier.
Zilliqa uses a special technology called ‘Sharding’ to streamline consensus and thereby make transaction throughput ‘onchain’ much faster. In the end, Zilliqa should be able to compete with the VISA network, which has a throughput of 1700 t/s. Eventually, when you invest in Zilliqa it’s mostly because of the strong fundamentals and fast network throughput.
What is a sharded blockchain?
On their website Zilliqa claims that they are the first blockchain project that uses this kind of architecture on their network. So, what does a sharded blockchain mean?
Simply put, sharding is a technique used by distributed networks to split up an entire network in smaller partitions, known as ‘shards’. Additionally, each individual shard contains its own unique data making it distinctive and independent.
The main goal of this technique is to make the entire network more scalable and also to make it able to process more transactions per second.
The ZIL currency token
ZIL is the symbol the Zilliqa project uses for its token on its blockchain network. Moreover, ZIL is the token that powers the Zilliqa blockchain and gives it value. In addition, this token can be used for different purposes. The most important are:
- smart contract execution
- rewarding miners
- cover transaction fees
Top 5 Places to Buy Zilliqa(ZIL) : Quicktake
In short, below a consolidated list of best places to buy Zilliqa(ZIL) coins. For the ease of use I have chosen exchanges that are reliable, secure and offer high liquidity.
- Binance – World’s most popular cryptocurrency exchange with almost zero fees
- CEXIO – Very popular crypto exchange mostly among EU and UK residents
- Bitfinex – One of the eldest in the list and mainly targetted professional traders
- Bittrex – Reliable crypto exchange that is specialized in crypto spot trading
- Okex – Modern crypto exchange with very strong liquidity in high cap cryptos
What is the Best way to Buy ZIL crypto with fiat?
First of all, buying a cryptocurrency like ZIL isn’t that hard anymore, especially if you compare it with buying cryptocurrency 5 years ago. Even though, buying Zilliqa with fiat can still be a real bummer if you don’t like to give all your personal details(passport or driver’s license) upfront.
Basically, Changelly allows anonymity for its users and also acts as a bridge, narrowing the gap between users and major cryptocurrency exchanges. Because it does not require any verification, it is available worldwide with no geographical restrictions or limitations. How does it work?
Buying Zilliqa(ZIL) with Changelly
It is important to realize that Changelly isn’t a platform that uses custodian wallets like Binance or Kraken to store your cryptocurrency. As a result of this, you should have a local wallet installed on your desktop or mobile phone.
- Install a multicurrency wallet like Trust or Atomic
- Go to the Changelly platform
- Choose ‘Buy’ and give the amount in fiat(USD or EUR)
- Give your country and state and choose ‘Buy Atom now’
- Choose the offer you prefer and also the way you like to pay(VISA, Mastercard, Apple Pay, or Bank transfer)
- Afterward, the crypto will be sent to your wallet instantly
What is the Quickest way to buy Zilliqa?
If you are in a real hurry to acquire some new ZIL and don’t bother much about extra fees then there are two options available. The best place to buy Zilliqa depends a little on this situation. Particularly there are two scenarios: you already own some cryptocurrency or you want to buy with fiat currency.
In the first option, you already own some Bitcoin, ETH, LTC, or any other cryptocurrency. The next step is to use Changelly(platform explained above) and convert to ZIL right away. This is pretty straightforward and very quick.
Moreover, and maybe even better, you already have an account at Binance or Kraken. Suppose you have some BTC at Binance, than the next thing to do would be to use the ‘Market buy’ option. You can find this in the upper menu choose ‘Trade’ and you can buy to ZIL tokens right away on the ZIL/BTC pair.
The second option is a little more complicated as you want to buy Zilliqa with fiat currency instantly. Therefore, I would use the Changelly platform and follow the steps as explained above.
What is the Safest place to buy Zilliqa(ZIL)?
In my opinion, if you really want to be safe from hackers or scammers, buying or trading Zilliqa at a centralized platform like Binance isn’t the best way. Additionally, you should also realize that you want to invest in Zilliqa for the long run.
If that is the case, then it is highly recommended that you start using a hardware wallet like Ledger Nano to be as safe as possible. The big benefit of Ledger is that you can store your cryptos offline as long as needed.
Also, if you want to buy or sell, you can use the built-in exchange that is available in the app on the device. Remember that trading with the device comes at a cost as you are using a third party(Coinify) for the transactions.
Where can I buy Zilliqa(ZIL) in the US?
In general crypto traders from the USA are very limited in the options they have on trading digital assets on a global scale. In most cases, only the coins that can apply to strict legal regulations are allowed. Luckily for you(if you are from the USA) Zilliqa can be traded or bought on Binance US.
Places to buy Zilliqa in the World
Notably, Zilliqa is a decentralized blockchain network that operates globally. Therefore, it doesn’t really matter in which part of the world you are living as long you have a working WiFi :-). Below is a list of exchanges with proven track record based upon the country or continent you are residing.
|Exchanges to buy Zilliqa globally||Top Exchange|
|Where to buy Zilliqa in US||Binance US|
|Where to buy Zilliqa in UK||CEXIO|
|Where to buy Zilliqa in Canada||Binance|
|Where to buy Zilliqa in Australia||Binance|
|Where to buy Zilliqa in Europe||Binance|
|Where to buy Zilliqa in Asia||Binance|
|Where to buy Zilliqa in India||Okex|
|Where to Buy Zilliqa in South Africa||Instashift|
Best platforms to Buy Zilliqa(ZIL): Comparison
This comparison guide provides an overview of places to buy Zilliqa(ZIL) that are reliable and secure. The research is based on assessing the platform’s features, ease of use, fees for buying crypto, and security.
|Platform||Maker fees||Taker fees||Rating|
Top 5 Cryptocurrency Exchanges that offer trading Zilliqa(ZIL)
Next in this guide, I’ll deep dive into the different platforms that offer to trade in ZIL cryptocurrency. Also, each platform has its unique features and it’s up to you to decide which one will suit you best!
First there is Binance, a crypto trading platform that is is founded by Changpeng Zhao, a well-known blockchain industry expert and expert in setting up trading systems.
In the past, he also founded BijieTech and was head of development at Blockchain.info. Binance can be considered as the best altcoin trading platform if you consider the trading volume and the number of coins listed on the exchange(300+).
Additionally, based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Also, it has millions of cryptocurrency traders using its platform on a daily basis.
Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.
Trading a Binance can be done with almost zero fees(0.075%) and you can use this link when signing up. It will give you an additional 10% discount on fees for life 🙂
ZIL cryptocurrency pairs on Binance
Another popular place to trade ZIL is the CEXIO exchange. Founded in London, UK in 2013, CEX.IO is a multi-functional cryptocurrency exchange that provides multiple financial services. They offer brokerage services as well as a trading platform for users. Also, CEX.io provides users with a wide range of essential features to ensure they can conveniently buy, sell, and trade digital currencies in a trusted and secured environment.
For instance, SEPA transfers on CEX.io are really convenient even for those who possess little knowledge on how to go about it. Deposits are completely free while withdrawal attracts a €1 transaction fee.
Amongst EU citizens trading at this exchange is a good alternative mostly because of its high daily trading volumes where about 70 different altcoins can be traded.
ZIL trading pairs on CEXIO
Bitfinex has been around for many years in the cryptocurrency space and is one of the exchanges with the highest daily trading volumes. To start trading at this exchange you have to sign up and go to a regular KYC/AML procedure first.
This online trading company is based in Hong Kong and has been operational since 2014. It gives its users the option to trade more than 100 cryptocurrencies/pairs in exchange for USD, EUR, ETH or BTC. Depositing EURO or USD to this is exchange is currently only available by wire transfer.
Bitfinex is very popular among professional traders because of its high trading volumes and the possibilities to go Long or Short. Therefore to start trading at this platform a minimal deposit of $10.000 is needed to get an account there.
Following are the supported pairs on Bitfinex exchange for Zilliqa:
Another popular place to trade Zilliqa is Bittrex. Since the beginning of the crypto era, Bittrex has been around and gained much trust along the way.
Bittrex has one main service it provides which is its trading platform. The platform lists a wide variety of currencies and allows for standard spot trading orders to be executed. Particularly, I have Bittrex added to the list, because they are very reliable on the BTC spot trading pair.
The current trading engine seamlessly glues together automated trading features. For instance, stop-loss, good ’til canceled (GTC), an instant buy or sell, with all the standard technical charting tools a trader needs. Also, if you are a US resident trader, this is another good place to start trading cryptocurrency.
ZIL trading pairs on Bittrex
The last top exchange on the list is OKEX; a fast-growing exchange in Asia. Besides delivering service for Bitcoin exchanges and trades, the platform is also a payroller and lending app for retailers. Okex is part of the bigger Okcoin consortium specialized in online futures trading.
In 2018, Okcoin migrated its futures platform with cryptocurrencies which resulted in the Okex platform. One of the big benefits of this Okcoin migration is that Okex has strong liquidity in BTC/USD and LTC/USD trading pairs.
Okcoin maintains two leading entities, whereby one has its focus on the Chinese internal market. In addition, the other entity has a broader focus aimed at the global market and has its headquarters in Hong Kong. Okex and Okcoin together are one of the bigger cryptocurrency exchanges in the world. For instance, if you take a look at their trading volume which exceeds 2.8 billion US dollars in just 24 hours.
ZIL trading pairs on OKEX
To enumerate, Zilliqa cryptocurrency is a blockchain project with huge potentials. As they are trying to scale-up their blockchain network and making sure data remains secure and private. Remember, the entire cryptocurrency market is very young and small compared to more traditional markets like stocks or commodities.
Furthermore, by investing in projects that are promising, it’s also very important to find the best places to buy or trade ZIL. With this guide, I hope it’s more clear to you what options you have as an investor and know what places to go to in order to build some future wealth.
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