How to obtain ZIL coin? ZIL coin purchase and acquisition method complete graphic tutorial

To purchase ZIL coins from exchanges, users need to create an account, fund it, place a buy order for ZIL, and withdraw their coins to a personal cryptocurrency wallet for safekeeping.

Oct 31, 2024 at 01:28 pm

How to Obtain ZIL Coin: A Comprehensive Guide

ZIL coin is the native cryptocurrency of the Zilliqa blockchain, a high-throughput and scalable blockchain platform. There are several methods to acquire ZIL coins, including purchasing them from exchanges, participating in staking, and earning rewards through referrals. This guide provides a comprehensive overview of the different methods to obtain ZIL coins, with clear step-by-step instructions.

1. Purchasing ZIL Coins from Exchanges:

• Step 1: Choose a reputable cryptocurrency exchange. Some popular exchanges that support ZIL include Binance, KuCoin, and Coinbase.
• Step 2: Create an account on the exchange. Follow the exchange's instructions to create an account and verify your identity.
• Step 3: Fund your account. You can typically fund your account using various methods such as bank transfers, wire transfers, or other cryptocurrencies.
• Step 4: Place a buy order for ZIL. Once your account is funded, search for the ZIL trading pair and place a buy order for the desired amount of coins.
• Step 5: Withdraw your ZIL coins. After the trade is completed, withdraw your ZIL coins to your personal cryptocurrency wallet for safekeeping.

2. Participating in Staking:

• Step 1: Set up a Zilliqa wallet. You need a Zilliqa-compatible wallet to store your ZIL coins and participate in staking. Several wallets, such as Moonlet, ZilPay, and Cobo Wallet, support staking.
• Step 2: Acquire ZIL coins. You need to have a sufficient number of ZIL coins in your wallet to participate in staking.
• Step 3: Find a staking pool. Research and choose a reliable staking pool that aligns with your goals and risk tolerance. Several staking pools are available, each offering different rewards and fees.
• Step 4: Join the staking pool. Follow the instructions of the chosen staking pool to join and delegate your ZIL coins.
• Step 5: Earn staking rewards. Over time, you will earn staking rewards based on the number of ZIL coins staked and the pool's performance.

3. Earning Rewards through Referrals:

• Step 1: Join an affiliate program. Some exchanges and services offer affiliate programs that reward you for referring new users who purchase ZIL coins or participate in staking.
• Step 2: Generate a referral link. Once you join an affiliate program, generate a unique referral link that you can share with potential users.
• Step 3: Share your referral link. Share your referral link with friends, family, or on social media channels.
• Step 4: Earn rewards. When individuals use your referral link to purchase ZIL coins or stake on a platform, you earn rewards or commissions.

Conclusion:

Obtaining ZIL coins is relatively straightforward and involves various options. Whether you purchase them from exchanges, participate in staking, or earn rewards through referrals, choosing the method that best suits your needs is essential. By following the step-by-step instructions provided in this guide, you can easily acquire ZIL coins and contribute to the Zilliqa ecosystem.