How to buy, sell and trade ZIL coin? Detailed tutorial

Zilliqa (ZIL), a scalable blockchain with high throughput and low fees, is available for purchase, sale, and trade on reputable exchanges such as Binance and Coinbase.

Nov 02, 2024 at 05:07 pm

How to Buy, Sell, and Trade Zilliqa (ZIL) Coin: A Comprehensive Guide

Zilliqa (ZIL) is a high-throughput, low-fee blockchain platform designed to scale to thousands of transactions per second. It uses sharding, a técnica de escalamiento, to distribute the workload across multiple nodes, increasing the network's efficiency and capacity.

How to Buy ZIL Coin

1. Choose an Exchange

Several reputable exchanges allow you to buy ZIL coin, including:

• Binance
• Coinbase
• KuCoin
• FTX
• Kraken

2. Create an Account and Verify Identity

Each exchange has its registration process, which typically involves providing your personal information, email address, and phone number. Most exchanges require identity verification for compliance and security purposes.

3. Deposit Funds

You can deposit funds into your exchange account using various methods, such as bank transfer, credit/debit card, or PayPal. The deposit options may vary depending on the exchange you choose.

4. Place a Buy Order

Once your account is funded, navigate to the ZIL trading pair (e.g., ZIL/USDT) and place a buy order. Specify the amount of ZIL you wish to purchase and the price you are willing to pay.

5. Complete the Transaction

The exchange will execute your buy order if the price you set matches or falls below the current market price. Your purchased ZIL coins will be transferred to your exchange wallet.

How to Sell ZIL Coin

1. Navigate to the Trading Page

Log in to your exchange account and access the ZIL trading pair.

2. Place a Sell Order

Specify the amount of ZIL you want to sell and the price you are willing to accept. Your sell order will be placed on the exchange's order book.

3. Accept the Sale

When a buyer matches your sell order, the transaction will be executed. Your sold ZIL coins will be deducted from your exchange wallet, and the funds will be deposited into your account.

How to Trade ZIL Coin

1. Find a Trading Platform

Binance, Coinbase Pro, and FTX are popular trading platforms that offer ZIL trading.

2. Create an Account and Fund

Sign up for a trading platform and follow the same steps as for buying ZIL coin to deposit funds into your account.

3. Place a Trade

Navigate to the ZIL trading pair and place a trade order. You can choose from various order types, such as limit orders, market orders, or stop-loss orders.

4. Monitor and Manage Trades

Once your trade is placed, you can monitor its progress in the trading view. You can also adjust or cancel your orders as needed.

Tips for Buying, Selling, and Trading ZIL Coin

• Research the market thoroughly before making any transactions.
• Start with small amounts and gradually increase your investment as you become more confident.
• Use limit orders to avoid slippage and ensure you get the desired price.
• Set stop-loss orders to limit your potential losses in case of sudden price drops.
• Monitor your trades regularly and adjust your strategy based on market conditions.
• Store your ZIL coins in a secure wallet for safety and control.