Buy Zilliqa or ZIL Crypto Currency by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about what is Zilliqa CryptoCurrency.
What Is Zilliqa Crypto Currency?
Zilliqa is the coin released as an initial coin offering (ICO) of the Zilliqa platform – yet another blockchain platform that is designed to scale in an open, permission-less distributed network securely.
Zilliqa, like most similar altcoins, cannot be used as payment for services and goods, but only as an investment tool.
How to buy Zilliqa Cryptocurrency?
1. Buy Zilliqa with cryptocurrency. If you have Bitcoin or Ether, you can buy the altcoin with either. If you don’t you need to get that first. We suggest you do so at Coinbase, which is a large and reputable exchange. It has a New York bit license and is available in 32 countries across the world. Its biggest advantage is the option to buy Bitcoin or Ether almost instantly with a credit or a debit card, albeit at a high commission of 4%. However, there are other funding options, such as bank transfer (1.5% commission) and even PayPal in some countries.
2. Choose an exchange that offers Zilliqa and open an account. There are just a few exchanges where you can get this altcoins: Huobi, GateIO, Ether Delta and IDEX.
3. After you got your Bitcoin or Ether and have undergone the necessary account opening procedures, you can transfer the funds and buy Zilliqa. Most exchanges do not charge a transfer fee for funding an account with cryptocurrencies.
Certainly, it would be faster and simpler buy Zilliqa with fiat currency like USD or EUR, instead of opening accounts with several exchanges, transferring funds from one exchange to another, etc. But no exchange is offering the option to buy Zilliqa with a fiat currency, so you will have to stick with the procedure described in this guide.
After you have your Zilliqa coins, we advise you to move them off the exchange and store them offline in your own e-wallet. Storing cryptocurrencies online is quite risky, as exchanges and cloud services sometimes get hacked and you can lose all your coins. Because there is no universal regulations and requirements, getting a refund would be entirely at the good will of the exchange. Even though most eventually refund their clients, it is often very slow and quite complicated. Sometimes you may not even get back the full amount.
You could also theoretically trade in Zilliqa without owning it and on leverage, if only a forex broker, preferably a large and well-regulated one, was offering CFDs on this coin. However, the forex brokers are mostly focusing on the large and popular cryptocurrencies and Zilliqa is not among them.
How to Buy Zilliqa CryptoCurrency Conclusion
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