Ensure your wallet address is correctly entered!
- Note that every wallet address is a unique code. As transactions are typically irreversible, always check that your receiving wallet address is entered accurately.
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
The Zilliqa project is an initiative which aims to resolve issues surrounding blockchain scalability. Zillings, denoted by the ticker symbol ZIL, are the tokens of the Zilliqa platform. On the Zilliqa platform, ZIL tokens are used to pay for transactions or running smart contracts.
To find out more about the Zilliqa platform and how to buy, sell and store ZIL, read on. Our introductory guide will also cover real world applications for ZIL and things to consider when buying the token.
You can buy ZIL at the following exchanges:
The above exchanges allow users to purchase ZIL. As the majority of trading volume will be found at Huobi.pro, let’s use Huobi.pro as an example for this guide. Follow our step-by-step guide below to find out what you need to do.
Using Huobi.pro as an example, you will visit the Huobi.pro homepage and open an account. By default, the website will be in Chinese, so click on the highlighted button at the very top right hand side of the screen and change the language to English. Next, click on “Sign up”. You will need to enter your nationality, a strong password and an email address – which you will need to confirm by entering the code that is sent to you. Once your account is created, log in.
As of April 2018, Huobi.pro does not offer any fiat currency deposit facilities. You will need to fund your account with cryptocurrency that has been listed in a pair with ZIL, such as BTC or ETH.
If you do not hold either of these coins, or you are unsure how to obtain them, you can refer to the following guides:
To begin depositing your cryptocurrency in your Huobi.pro account’s wallet, hover your mouse over “Balances” and click on “Deposit & Withdraw”. Find the cryptocurrency that you will use to fund your account (such as BTC or ETH). Next, click on “Deposit”. This will display your unique Huobi.pro wallet address. Copy it to your clipboard.
Now head over to your account on the exchange where you hold BTC or ETH. You will typically be able to send funds through finding a “Withdraw” or “Send” section of the website. Once you have opted to transfer your funds, you should be prompted to enter the wallet address where funds should be received. Paste in your Huobi.pro address and send your chosen amount of funds.
Now that your Huobi.pro account is funded, click on the “Exchange” button on the top menu. On the left hand sidebar, you will see a search box next to “Markets”. Search for “ZIL” and then depending on your deposited currency, select BTC or ETH.
To access the trading screen, click on the row that displays ZIL. Scroll down below the chart and you will see two trading boxes. Firstly, ensure that the “Market Order” button is selected as this will execute your trade at the current market price. Next, enter the amount of ZIL tokens you want to buy, ensuring that you are using the box above the green “Buy” button.
Finally, click on “Buy ZIL”, and your trade should fill immediately. As a final check, go back to your “Deposit & Withdraw” screen to see your updated balance.
If you want to sell your ZIL tokens, the process is similar to buying in the above example. However, if you are using Huobi.pro, please ensure that you use the “Sell ZIL” trading box instead, which is above the red button.
ZIL tokens were issued on top of the Ethereum blockchain, which means that you can store them in any wallet that supports the ERC20 format. Most device types will be covered, including Windows, Mac and Linux, as well as iOS and Android.
Created in June 2017 by a team of academics, the Zilliqa objective was to design a blockchain that could resolve issues surrounding blockchain scalability. When the cryptocurrency revolution experienced exponential growth in 2017, it became apparent that the first and second generation blockchain protocols of bitcoin (BTC) and Ethereum (ETH) had issues with scalability. As transactional demand has increased, blockchain validation speed has become slower. Hence, as more and more users accessed the system, the speed and efficiency of each transaction decreased drastically.
In response to this, the Zilliqa platform was built to handle significant throughput, or data processing, without compromising on network efficiency. The team behind Zilliqa claims to have resolved this issue through implementing a model known as sharding.
In late 2017, Zilliqa raised the equivalent of US$12 million in exchange for its newly created ZIL token. The fundamental purpose of ZIL is to fuel the Zilliqa economy. Notably, ZIL is the currency for mining rewards, transaction fees and smart contract execution. Outside of these parameters, the ZIL token acts just like any other cryptocurrency. Users can send, hold and receive funds, wallet-to-wallet, and its value is determined by market demand.
All cryptocurrencies are highly speculative. It’s common practice for developers to make bold claims about their project’s potential, but it’s important to bear in mind that there’s no guarantee these goals will ever be realised. Along with this, here are more considerations you could factor into your decision to buy ZIL:
Once you have considered the above points and conducted independent research on ZIL, you should be able to make an informed decision on whether to buy ZIL.
Learn more about the AAVE cryptocurrency in this beginner’s and buyer’s guide.
A beginner’s guide to buying and selling this decentralised, peer-to-peer cryptocurrency.
Learn how to trade futures contracts on Binance with this visual step-by-step guide.
Staking is one of the most popular ways to earn an income with cryptocurrency – learn how to get started with this guide.
Learn more about the Filecoin cryptocurrency in this beginner’s and buyer’s guide.
Learn more about the DOT cryptocurrency in this beginner’s and buyer’s guide.
How do Huobi Tokens work and how can you buy and sell these native tokens of the Huobi Pro cryptocurrency exchange? Find out here.
If you want to know how to buy Power Ledger (POWR) tokens using either HKD or cryptocurrency, you’ll find the help you need in this comprehensive guide.
If you’re looking for a secure, decentralised exchange where you can trade a huge range of Ethereum ERC20 tokens, check out our review of IDEX.
If you want to know more about the features, fees and pros and cons of the DDEX cryptocurrency exchange, check out this comprehensive review.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.