If you’re based in the USA 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.
Zilliqa may be one of the most recent cryptocurrencies in the market, but it has grown in popularity to become highly valuable and very competitive. One of the superior features of Zilliqa is that it can be transferred from one person to the next without using an intermediary.
If you want to start buying Zilliqa in the USA, follow this detailed guide that will systematically take you through all the steps involved. However, before you proceed any further, you first need to know that the major feature of cryptocurrencies is volatility. Because of the price fluctuations, cryptocurrencies can be very risky to invest in.
What's in This Guide?
- QUICK GUIDE: HOW TO BUY ZILLIQA IN THE USA
- Where To Buy Zilliqa (ZIL) In The USA
- A Step-by-step Guide to Buying Zilliqa
- Store Your Zilliqa in a Wallet
- How to Sell Zilliqa
- Things to Consider When Buying Zilliqa in the USA
- Conclusion
QUICK GUIDE: HOW TO BUY ZILLIQA IN THE USA
- 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 (ZIL) In The USA
Are you searching for how to buy Zilliqa in the USA? Well, there are hundreds of crypto exchanges and brokers in the USA. This can make it hard to know which platform is right for you.
List of the best Exchanges to buy Zilliqa (ZIL) in the USA:
Looking where to buy Zilliqa in the USA right now? Below you will find 4 of the best brokers that allow you to buy ZIL in the USA.
- Binance - Best exchange to buy Zilliqa USA for asset diversity
- Coinbase - Best exchange to buy Zilliqa (ZIL) for beginners
- OKEx - Best broker to buy Zilliqa USA for low-cost
A Step-by-step Guide To Buying Zilliqa (ZIL) In The USA
If you want to start buying Zilliqa, follow the steps detailed below:
Step 1: Register with an exchange
The first step you need to take is to open an account on the exchange. You need to ensure the exchange account you open is the one that accepts both Zilliqa and USD.
There are many exchanges in the US, so you need to be careful in selecting to settle on the one that best suits your needs. Exchanges charge different broker fees, so you need to go with the one whose fees are suitable to your needs.
It is also advisable to select an exchange that can support multiple cryptocurrencies because this will help you diversify your portfolio.
When opening your account, you only need a few personal details such as the name, phone number, and email address. You will also be required to verify the details you have provided according to the KYC rules of the exchange.
Step 2: Fund your exchange account
You will need money that you can buy Zilliqa with. There are several ways to deposit the USD into the exchange, including credit cards, debit cards, PayPal, direct bank deposits, and more.
Most exchanges support USD, but if you do not want to use this option, you can exchange other popular tokens. For example, you can choose Bitcoin, Ethereum, and other popular cryptocurrencies that you can later exchange with Zilliqa tokens.
Crypto exchanges charge different types of fees depending on the exchange that you select. You can choose the exchange that charges the most comfortable fees depending on your preferences.
Step 3: Buy Zilliqa
After funding your account, the next step is to buy Zilliqa tokens. To do this, go to the sell section on the exchange, enter the amount of Zilliqa tokens you need to buy, and confirm your transaction. After confirmation, a notification will be sent to your email telling you about your transaction details.
To buy Zilliqa, you will have two options from which you can choose. The market order is the first option that will allow you to buy Zilliqa at the current market prices. When you select a market order, your purchase will; be completed instantly.
The second option to use is the limit order. With this type of order, you will buy Zilliqa when the prices hit a specific low price. This option does not allow your orders to be completed instantly but only when the prices go below a certain point. You can select between a market order and a limit order in the order section on the exchange account.
Store Your Zilliqa (ZIL) In A Wallet
Once your buy order has been fulfilled, you need to find a place to store your Zilliqa tokens. The best place to do that is in a crypto wallet. You need a crypto wallet that can support Zilliqa.
You can store your Zilliqa tokens in the crypto exchange, but this is not a safe option because your funds will be vulnerable to attacks by hackers and threat actors. However, some exchanges will give you access to a hot wallet, such as a mobile app that you can use to store your Zilliqa tokens online. Hot wallets make it easier for you to retrieve Zilliqa whenever you need to trade.
The other option you can select is the cold wallet. Cold wallets allow you to store your crypto tokens offline. This will keep the tokens away from any online interference. Whether you have a cold wallet or a hot wallet, it is advisable that you keep your private keys secure because once you lose the keys; you lose access to the wallet.
How To Sell Zilliqa (ZIL)
Selling Zilliqa is as easy as buying it. All you need is to log into the crypto exchange platform and head to the sell section. You can then select the amount of Zilliqa you want to sell. You can sell the tokens in exchange for the USD or sell them in exchange for other cryptocurrencies.
If you exchange Zilliqa with other cryptocurrencies, you can later sell them in exchange for USD. Afterwards, you can withdraw your money from the exchange.
Things To Consider When Buying Zilliqa (ZIL) In The USA
Some of the factors you need to consider when buying Zilliqa in the USA include the following:
The future of the token
One of the things you need to consider when buying Zilliqa tokens is its future. The crypto market is full of uncertainties, so it can be very hard for you to predict the future of a token. Zilliqa is fairly new in the market and cannot be compared in similarity to BTC and ETH. A token’s future is solid if it has multiple uses, such as payments and other DeFi projects.
Price fluctuations
You also need to assess how the token prices have been changing so you can assess the level of risk. The crypto market is highly unpredictable, and the only way you can survive in the market is by understanding this nature.
Availability
You also need to know how many Zilliqa tokens are in circulation. The more available a token is, the easier it will be for you to trade it because of high liquidity.
Conclusion
Zilliqa is one of the most popular cryptocurrencies in terms of being used for trading. Buying Zilliqa tokens is very easy and fast. There are many exchanges in the USA that support Zilliqa tokens, so it will be easy for you to settle for one that best suits your needs.