Learn everything you need to know about Zilliqa or ZIL. Also learn how and where you can buy Zilliqa in 2022.
Cryptocurrency is a digital money that has no physical backing. These coins are only available virtually. Online traders can exchange Zilliqa to other virtual cryptocurrency coins. Zilliqa is a digital currency. Unlike other types of money, your Zilliqa is unique and cannot be stolen by a competitor. The value of Zilliqa depends on the total supply and demand of the coin. People who solve complex algorithms (known as “proof of work”) earn new Zilliqa. These people called miners.
The idea behind Zilliqa is to create a peer-to-peer payment system without the involvement of banks or other intermediaries. Zilliqa is a form of digital currency that allows individuals to transfer funds directly from one party to another without using a central bank.
Today, in this article, we are going to share how to buy and trade in Zilliqa. You will also learn Where to buy Zilliqa securely without any issue.
About Zilliqa Coin: Price, Rank, and Market Cap
| Price to USD | $0.108168 |
| Price to BTC | 0.0000026460BTC |
| Rank | 77 |
| 24h Volume | $444.7 Million |
| Market Cap | $1.2 Billion |
| Fully Diluted Market Cap | $2.3 Billion |
| All-time high | $0.260909 |
What is ZIL and How Does It Work?
Zilliqa is a blockchain platform built around the concepts of sharding. Ziqlliqa is aiming to be the world’s first high-throughput public blockchain platform, engineered to scale up to thousands of transactions per second. The meaning behind sharding, is the idea of dividing the network into several smaller component networks that are able to process transactions in parallel. Zilliqa has been under research and development for just two years, but it puts the theoretical ideas of sharding, into reality with its novel protocol that increases transaction rates as its network expands.
Zilliqa is also able to processes more transactions per second as additional mining nodes join the network. This might seem like the natural thing initially, but in reality it’s technically harder to achieve, and hasn’t been possible for previous blockchain protocols. Getting consensus in a more substantial crowd is technically harder.
Zilliqa’s novel consensus protocol solves this problem. Zilliqa’s scalability, could support dApps that demand transaction rates beyond today’s blockchains. Zilliqa only leverages PoW to determine mining identities. This method defends against sybil attacks and can be used to execute the network sharding. Unlike other blockchains though, Zilliqa doesn’t use PoW for consensus. PoW is completed only at larger intervals, not by every miner on every block. Thus, it features a much smaller energy footprint. Zilliqa has stayed with PoW since it’s been well studied in the literature and field-tested, while its emerging alternatives such as Proof-of-Stake continue to be under active research.
Technology behind Zilliqa (What is ZIL )?
Blockchain is the technology behind the all cryptocurrency like Zilliqa. Zilliqa is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and and decentralized. So no one can control or manage it.
What is blockchain technology?
A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using blockchain, user can confirm transactions without a need for a central clearing authority like bank. All your records are saved on decentralized computers in realtime. So no one can manipulate with any information.
Overview on Zilliqa: The latest Valuation!
The live Zilliqa price on April 25, 2022 is $0.108168 USD with a 24-hour trading volume of $444.7 Million USD. We update our Zilliqa to USD price every 24 hours. The current market cap of Zilliqa is $1.2 Billion.
The value of the coin is 0.108168 in comparision with BTC. The Rank of this coin is 77. Till now, the coin has reached the value of 0.260909.
The total supply of Zilliqa is 15.960 B and the maximum supply is 21.000 B. As of today, the volume of this Zilliqa is $444.651 M. The total market cap of Zilliqa is $1.726 B.
Step by Step Guide to buy Zilliqa in 2022
If you are new to Crypto world and want to start trading in cryto coins like ZIL then here is a complete guide for you. There are somany platforms that allow buying Zilliqa and sell Zilliqa and all platforms and crypto exchanges are secure and safe. But some cryptocurrency exchanges are complex to use for a new users. Coinbase is the trusted place to buy, sell, and manage your digital currency like Zilliqa, and ETH. If you want to trade Zilliqa directly, you can do it easily on Coinbase. You will have to pay minor transaction fee.
We will share some best platforms where you can buy ZIL easily and also we will share how to buy ZIL using your computer or smartphone.
Some cryptocurrencies, like Zilliqa, can only be purchased with another cryptocurrency on decentralized exchanges. Some coins can only be purchased with Ethereum (ETH) and then use ETH to buy Crypto coins. You have to choose the one that crypto exchange that suits your needs and criteria. Be aware of fee policies, before using it.
Today, Coinbase is one of the most popular and secure decentralized exchange to buy and trade in Zilliqa on cryptocurrency markets.
Many experts recommanded decentralized exchanges instead of using centralized exchange.
Step 1: Download & Register on Crypto Exchange to buy
If you want to start investing in Zilliqa or want to buy Zilliqa then you have to first download Coinbase wallet. Coinbase Wallet is available as a mobile app and browser extension. Download Coinbase Wallet here.
Once you installed Coinbase Wallet on your mobile or browser, open the app and choose username. This username allow you to receive and send crypto.
Step 2: Securely store your recovery phrase
When you create a new wallet, you’ll be given a recovery phrase that includes 12 random words. Note that this key is access to your account. Anyone with this recovery phrase can access all your crypto coins. So keep this private and do not share it. You can also use Coinbase Wallet’s cloud backup feature to save the recovery phrase. If you lost it, Coinbase cannot help you with anything.
Step 3: Buy Coins to Coinbase Wallet
First create a new account on Coinbase. To create new account, just download the app on your mobile or open the official website of coinbase.
1. When app or website opens, click on get started.
2. Enter your basic personal information like email and password
3. Once done, you can access your Coinbase account.
4. Click on Assets and then again click on Explore Assets.
5. Now here search for Zilliqa then click on Buy.
5. You will need to verify your identify using ID card. Once done, you can easily buy Zilliqa.
If Zilliqa is not available on Coinbase, you have to first buy ETH and then trade it with the Zilliqa.
If you’re using the Coinbase Wallet, tap the Convert. Then Search for Zilliqa and input the amount of ETH you’d like to exchange for Zilliqa. Remember to leave enough for transaction fees. Transaction fee is different from one exchange to another.
If Zilliqa is not available on Coinbase, you can use other Crypto exchanges like Binance, Bitmart, HitBTC, and Kucoin.
Transfer your Zilliqa to an Altcoin Exchange!
Zilliqa is a virtual money that can be traded like stocks or bonds. An cryptocurrency exchange is required to buy and sell cryptocurrencies, including Zilliqa. You can exchange Zilliqa for cash or other assets. If you want to keep your money safe then exchange your Zilliqa to stable coins like altcoin or USD Coin.
According to Crypto experts, you should use a popular exchange where you can trade altcoins which has impressive liquidity.
Many crypto millionaires recommend BitMart because it supports many crypto coins and meme coins too.
Below is the list of some popular exchanges where you can buy popular crypto coins and exchange your Zilliqa for stable coins.
| Exchange | Register |
|---|---|
| Coin Switch | Register |
| Bittrex | Register |
Just register using your mobile number or email address, verify your ID and then start trading in Zilliqa.
What is Binance?
Binance is well-known for its wide range of trading pairs, which includes cryptocurrencies that most other exchanges consider far too risky for their customers. Binance has its own smart contract blockchain, the Binance Smart Chain, which sets it apart from competitors (BSC). When compared to the Ethereum network, which now has over 5,000 active nodes, the Binance Smart Chain only has 21 validators. Scalability trumps security in this case. You can easily buy Zilliqa using Binance.
How to Sell Zilliqa?
If you want to sell your Zilliqa then here are the steps.
Step 1: First login into your decentralized exchange where your Zilliqa coin is stored.
Step 2: Click on Buy/Sell in the menu bar.
Step 3: Click on the Zilliqa coin and choose sell.
Step 4: Choose the amount of Zilliqa coin you’d like to sell and then Complete your transaction.
Step 5: Confirm the sell price and fees and close your sale of Zilliqa coin.
FAQs on How & where to buy Stable BTC
Q.1. Is there any option to buy Zilliqa with cash?
Ans. Unfortunately, you cannot buy Zilliqa with cash. You can use LocalBitcoins to explore more options if you want to buy Zilliqa with UPI.
Q.2. Can Zilliqa be used anonymously?
Ans. Zilliqa is not anonymous till now. It is because transactions and balance appear publicly on the network.
Q.3. What is the Current Market Price of Zilliqa?
Ans. Current market price of Zilliqa as of today is 1.2 Billion.
Q.4. Zilliqa to USD Price?
Ans. $0.108168
Q.5. What is the Max Supply of Zilliqa today?
Ans. 21.000 B
Q.6 Can we buy Zilliqa coin in Europe?
Ans. Yes, you can use popular decentralized exchanges like Binance or Bittrex to buy ZIL.
Q.7 How to Buy Zilliqa coin in India?
Ans. You can use Coinbase or CoinDCX to buy ZIL in India in 2022.
