How to Buy Zilliqa in Australia
A Beginner’s Guide to Buying and Selling Zilliqa Cryptocurrency in Australia
If you’re based in Australia and wish to buy Zilliqa – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many Zilliqa tokens you want to buy.
The crypto space stands among the most promising investment avenues in the world today. Many investors and traders have embraced the chance to grow their investment portfolios by venturing into this market and diversifying their financial assets using one cryptocurrency or more. Zilliqa is one of the cryptos that you can invest in and grow your income.
Zilliqa crypto is a decentralized finance kind of coin and a virtual currency used to trade over the crypto market. The coin has shown significant progress since its inception and many investors have already taken the bold step to use it as a means for growing their financial assets.
What’s in This Guide?
The following guide has been designed to help investors in their journey to start buying Zilliqa tokens. Using a simple and easy to understand language, the guide will show you how to buy and sell your Zilliqa tokens. It goes further to explain how and where you can store your Zilliqa tokens for safekeeping with the assurance that they will be safe from loss and unauthorized access. The guide also explains how the Zilliqa tokens work, going the extra mile to explain some of the key considerations and popular questions by investors just like you, to inform your decision making process.
- QUICK GUIDE: HOW TO BUY ZILLIQA IN AUSTRALIA
- Where to Buy Zilliqa Tokens
- A Step-by-step Guide to Buying Zilliqa in Australia
- How to Sell Zilliqa
- Which Wallets Can I Use to Hold Zilliqa Tokens?
- How Zilliqa Tokens Work
- Key Things to Consider When Buying Zilliqa Tokens
QUICK GUIDE: HOW TO BUY ZILLIQA IN AUSTRALIA
- Open an account with a cryptocurrency exchange
- Verify your account
- Go to the deposit section
- Go to the platform and select Zilliqa
- Enter how many Zilliqa tokens you want to buy
- Check the details and confirm your purchase
Where to Buy Zilliqa Tokens
The most reliable and convenient place to buy Zilliqa tokens is over an exchange account. Exchange account provides a safe, effective and efficient platform for transactions involving cryptocurrencies. It provides a platform over which you can securely sell and buy different varieties of cryptocurrencies and monitor the progress of your transaction. With an exchange account of your own therefore, you reserve total control over what happens with your financial assets.
A Step-by-step Guide to Buying Zilliqa in Australia
The following guide takes you through the process of buying Zilliqa tokens in Australia. Once you have your exchange account, you can use either of the following two options to buy the Zilliqa tokens over the exchange account. First, you can buy Zilliqa tokens using other cryptocurrencies, or secondly, using fiat currency.
Buying Zilliqa with other cryptocurrencies
Before you can buy Zilliqa tokens using other cryptocurrencies, you must first have the other cryptocurrencies. Once you have Bitcoin, Bitcoin Cash, Ethereum or Ethereum Classic, or any other cryptocurrency for that matter, simply go to the exchange account and exchange them for the Zilliqa tokens. To facilitate the exchange, pick the pair that matches what you wish to use against what you wish to acquired. For instance, in the cases above, select BTC/ZIL, BCH/ZIL, ETH/ZIL or ETC/ZIL.
Buying Zilliqa with fiat currency
The other option is to use fiat currency to buy Zilliqa tokens. Fiat currency in the case for Australia is the AUD. To use this approach, simply select the pair that marks USD/ZIL on the exchange and go on with the transaction.
Follow the following steps to start buying Zilliqa tokens in Australia.
Step 1: Register an account
The first step entails opening an exchange account. All you need is your name, telephone number, email address, and physical address. Afterwards, you will have to verify those details by uploading supporting documents to the exchange.
Setting up your account is an easy process that will take minutes, although you may have to wait longer for the account to be verified. Of importance to note is that you need to secure your account using a multi-factor authentication process because this will prevent impersonators from attempting to steal funds and tokens from your account.
Step 2: Deposit funds into your account
The second step is for you to fund the account. You can deposit AUD to the exchange by using a credit card, debit card, or you can directly link your bank account to the exchange. Once your account has the funds you want, you can exchange these for Zilliqa.
Step 3: Buy Zilliqa tokens
Once your account has the required funds, the next step is for you to buy Zilliqa tokens now. To do this, go to the purchase side of the exchange, enter the amount of AUD or other cryptocurrencies that you would like to exchange for Zilliqa. Confirm your transactions, and you will later receive a notification in your email detailing your transaction. The number of Zilliqa tokens you have purchased will later be displayed on the exchange account.
How to Sell Zilliqa
Supposing you want to sell Zilliqa tokens, you can repeat the same process as the one for buying the tokens, only that this time you will do so from the sell side of the exchange. Go to this section, enter the amount of Zilliqa you want to sell, and confirm your details.
You can either sell Zilliqa directly with AUD, after which you can withdraw it from the exchange, or sell Zilliqa for other cryptocurrencies.
Which Wallets Can I Use to Hold Zilliqa Tokens?
There are two types of wallets you can choose from; hot wallets and cold wallets. Hot wallets will allow you to easily transfer tokens to the exchange whenever you want to sell. Cold wallets will store your tokens offline using hardware devices such as USB drive and hold for a long time.
How Zilliqa Tokens Work
Zilliqa works the same as other cryptocurrencies. The tokens help in powering decentralized technology that makes transactions superior to those on centralized financial platforms. These tokens help create anonymity in financial processes, and they make transactions faster, cheaper and faster.
Key Things to Consider When Buying Zilliqa Tokens
Some things you need to consider before buying Zilliqa in Australia include:
Volatility of the ZIL coin
Cryptocurrencies are very volatile, with their prices shifting very often in the market. This makes investing here very risky. It would be best if you considered this high level of risk before buying Zilliqa.
Availability of the ZIL coin
Availability entails the amount of tokens available for buying and selling. High circulation of a token is important because it ensures high liquidity that will allow you to buy and sell easily.
Performance of the ZIL coin
The performance of a token is also the other thing you should consider. You can check performance by looking at the price history of that token.
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Virtual currencies are highly volatile. Your capital is at risk.
Where can I buy Zilliqa?
You can only buy ZIL tokens from a crypto exchange platform.
Can I buy Zilliqa using a credit card?
Certainly, you can buy ZIL using a credit card that you can link to the exchange.
Are cryptocurrencies risky?
The crypto market is generally risky, which is why you must come to terms with this fact before starting to invest.