So you think that investing in 0x is a smart move? In this article, we will show you the easiest way to buy 0x coin.
0x coin has actually not been around for very long at all. Funding for the project was only raised in August 2017 and the coin has only been available on cryptocurrency exchanges from the 16th August of that year.
ZRX coin was first available on crypto exchanges at a price of 11 cents a coin. This means most of us will be kicking ourselves for not getting in earlier. However, the cryptocurrency did go on to post an all-time high of $2.37 on the 13th January 2018. This means that at the time of writing, investors are getting nearly a 50% discount on this price.
The fact is that 0x has made significant progress during the cryptocurrency bear market. This leads us to believe that it is well positioned to significantly benefit from an overall rally in the crypto market. After all, ZRX coin essentially makes it easy and cheap to swap one Ethereum based ERC20 token for another. The fact is that over 500 different cryptocurrencies are built on Ethereum and some of these coins like VeChain, OmiseGo, and Binance coin have already achieved billion dollar valuations. We think these Ethereum based assets will be heavily traded in the next bull run and that 0x will directly benefit from this.
0x coin is an exceptionally interesting cryptocurrency project that should reap the benefits of a growing cryptocurrency market. There is also further room for growth by adapting its technology to be compatible with other blockchains like EOS and NEO. Such a move would likely make it the go-to solution to exchange digital assets built on these other blockchains.
In short, you are not too late to buy 0x coin. In fact, many would argue that the cryptocurrency is only just getting started.
- 1 0X Coin Price Prediction 2018: How High Could 0x Go?
- 2 Where To Buy 0x Coin – Our Top 2 Methods Explained
- 3 What To Do When Coinbase Account Is Setup?
- 4 Setup A 0x (ZRX) Coin Wallet
- 5 How To Get Started On Binance?
- 6 How To get Funds From Coinbase To Binance?
- 7 How To Buy 0x Coin With Binance?
- 8 How To Withdraw Your ZRX Coins Off The Exchange?
- 9 Conclusion
0X Coin Price Prediction 2018: How High Could 0x Go?
The first thing to say is that no one knows what the future may hold for a cryptocurrency. In fact, price predictions are usually nothing more than wild guesses. However, seeing that 0x is essentially a cheap and easy way to swap cryptocurrencies built on Ethereum, it would follow that an overall increase in cryptocurrency markets should directly benefit 0x. This is because nearly a third of all cryptos are Ethereum based assets, meaning that if interest in cryptocurrencies increases, then so should the trading of Ethereum based assets. In this sort of environment, the ZRX coin should increase in value.
The exciting thing is that a significant amount of institutional money cannot gain exposure to cryptocurrency markets right now. However, there appears to be great interest in cryptocurrency assets amongst investment firms. This means that if institutional money does flood into crypto markets, as predicted by so many commentators, then 0x coin should enjoy a boost in its value from this new injection of money. In this sort of environment, it would not be outrageous to believe that ZRX coin could hit new all-time highs.
Right now, we do believe that 0x coin presents an interesting proposition to cryptocurrency investors who are looking for a crypto that should outperform in a bull market.
Where To Buy 0x Coin – Our Top 2 Methods Explained
At the time of writing, Coinbase is considering listing 0x coin. If this comes to pass, then the easiest way to buy this cryptocurrency will be directly through Coinbase.
However, right now the easiest way to get your hands on ZRX coin will depend on whether you already have some Bitcoin or Ethereum to hand. If so, then we would recommend you go to Binance to pick up your 0x coins. For those wanting to use conventional currency to buy 0x coin, you will first need to create an account on Coinbase to buy some Bitcoin or Ethereum. Then you can send this to the Binance exchange and trade it for ZRX coins.
Let’s hope that Coinbase chooses to make everyone’s life a bit easier and allow investors to buy 0x coin directly through the Coinbase platform. Ultimately this will make it a lot easier to get exposure to this digital asset. Until this change is properly confirmed, we are afraid you will have to buy 0x coin the old-fashioned way.
Setting Up A Coinbase Account
Coinbase Key Facts:
- Great Reputation: Coinbase is the world’s favorite way to get into cryptocurrencies. The company was founded in 2012 and is one of the most established companies in crypto.
- Beginner Friendly: The interface is clean and simple. This makes buying crypto a breeze.
- Small Minimum Deposit: On Coinbase you can invest in cryptocurrencies with as little as €6.
- Regulated: The exchange is one of the few that are fully compliant with regulations.
- Insurance: If you want peace of mind Coinbase has you covered. US customers have balances of up to $250k insured.
- How To Deposit: Bankcard, bank transfer & PayPal for US customers.
- Available Cryptos: Bitcoin, Ethereum, Bitcoin Cash & Litecoin.
Buy Over $100 On Cryptocurrency With Coinbase & Get $10 FREE When Signing Up With TotalCrypto.
What To Do When Coinbase Account Is Setup?
Once you Coinbase account is created, you will want to buy either Bitcoin or Ethereum on the exchange. Your plan is to then send this to Binance and trade it for ZRX coins.
The Simple Way To Buy Bitcoin Or Ethereum Using Coinbase
- Once logged onto your account, click the ‘buy/sell’ tab in the navigation bar.
- Then click ‘Add a payment method’.
- Choose a deposit method: The cheapest way to get money on Coinbase is by using a bank transfer. If you select this method you should know that it can take up to five working days for the deposit to go through properly. If time is of the essence, you can deposit instantly using a debit card or PayPal. Whatever payment method you choose, once you have sent the transaction, all you must do is sit back and wait for an email confirming that your deposit has been successful.
- Once your funds have been credited to your account, you are ready to buy some cryptocurrency. Hit the Bitcoin or Ethereum button in the ‘Buy/Sell’ section of Coinbase.
- Enter the amount of cryptocurrency you wish to buy.
- Then select the wallet you have deposited into as your payment method.
- You can then review your order before clicking the ‘Confirm Buy’ button. Your cryptocurrency will then be instantly credited to your Coinbase account.
You should know that there is a slightly cheaper way to buy cryptocurrency using Coinbase. This is done by using CoinbasePro (formerly known as GDAX). If you are happy to go through a slightly trickier process to buy your crypto a bit cheaper, check out our Coinbase guide and find out how to do it.
Once you have bought your Bitcoin or Ethereum on Coinbase you are then ready to move onto the next step.
Setup A 0x (ZRX) Coin Wallet
0x is built on Ethereum and is an ERC20 token. This means it can be stored in an Ethereum wallet. The good news is that there are many free Ethereum wallets to choose from. We do recommend using MyEtherWallet. It is the most widely used Ethereum wallet and we use it ourselves.
Get The Most Popular ERC20 Token Wallet For Free
The Safest Way To Store 0x (ZRX) Coin
We think MyEtherWallet is a great way to store ZRX coins. However, many investors want to know the safest possible way to store their cryptocurrency. The answer is by combining MyEtherWallet with a hardware wallet. There is two main hardware wallet manufactures on the market right now, called Ledger and Trezor.
The cost of these hardware devices is over $100. This means that smaller investors have a hard time justifying the expense. However, we recommend using one of these security devices if it is viable.
How do hardware wallets work? In a nutshell, they store your wallets private keys in a secure way. A hardware wallet is designed to protect you from hackers, phishing attempts, keyloggers and other strategies that hackers may use to get access to your funds. Your wallet private key is essentially the key to your crypto safe. By storing it in a hardware wallet you ensure that this private key is never exposed to the outside world and is stored offline.
If you are thinking about talking your crypto security to the next level, you will probably be wondering which hardware wallet is best? To get an idea of the pros and cons of each device, we recommend you check out our Ledger Vs Trezor comparison article.
How To Get Started On Binance?
By now, you should have your Bitcoin or Ethereum on Coinbase and have your MyEtherWallet setup. The next thing to do is to get a Binance account ready to go where you can finally get your 0x coins.
Why do we think Binance is the best cryptocurrency exchange to buy your ZRX coins? Well, Binance is home to the highest 0x coin trading volume. This means there is no messing around to get an order filled. Also, Binance is the most popular cryptocurrency exchange in the world and is an ever popular favorite amongst cryptocurrency investors. This is due to its simple interface, great reputation and being a pioneer when it comes to exchange security.
What many people do not know is that behind the scenes in a cryptocurrency exchange, there are a lot of smart contracts. Binance was the first every exchange to do a full audit of these smart contracts. It is initiatives like this that have lead so many crypto investors to call Binance their home.
Binance Key Facts:
- The Biggest Exchange In The World: Binance has the highest crypto trading volume in the world.
- The One Stop Shop: Over 100 different cryptocurrencies are available on the exchange.
- Easy To Use: The exchange has won much praise for being simple and straightforward to use.
- Customer Support: Binance has invested in multi-language support.
Why Not Buy ZRX Coin On The World’s Favourite Crypto Exchange?
How To get Funds From Coinbase To Binance?
Now that your Binance account is ready to go, the next step is making a deposit on the exchange. Just follow the steps below and you will have your funds on Binance in a jiffy.
How To Find Your Binance Deposit Address:
- Login to your Binance account.
- Click ‘Funds’ and select the ‘deposit’ option.
- Warning: Make sure that you have selected the correct cryptocurrency to deposit. This will be Ethereum if you have Ethereum on Coinbase or Bitcoin if you are holding BTC. Sending funds to the wrong cryptocurrency wallet address will result in you losing your crypto.
- Your Binance deposit address will then be displayed on your screen. Copy this address to your clipboard.
How To Send Funds From Coinbase:
- Once you are logged onto your account, head over to the ‘Accounts’ tab.
- Select the ‘Send’ option for the cryptocurrency you hold.
- Enter your Binance deposit address as the ‘Recipient’ address and key in the amount you wish to send to Binance.
- Once you click ‘continue’ your transaction will be sent. Your funds will then be displayed in your Binance balance shortly.
How To Buy 0x Coin With Binance?
Now your deposit has gone through on Binance it is now time to buy your ZRX coins. Just follow the steps below and you will have your coins in no time.
- Once you are logged into your Binance account head over to the homepage. You will then see a selection of cryptocurrency markets to choose from. Select ‘BTC Markets’ if you deposited Bitcoin on Binance or ‘ETH Markets’ if you deposited Ethereum. Then type in ‘ZRX’ into the search bar and select the ZRX/ETH or ZRX/BTC market.
- A trading screen will then pop up. The thing to do is to hit the ‘Market’ tab – this enables you to buy ZRX coin at the current market price. Just key in the number of coins you wish to buy. Binance also gives you the option to select a percentage of your balance to buy your coins with.
- When you click the ‘Buy ZRX’ button your order will then be processed and your coins credited to your Binance account balance.
How To Withdraw Your ZRX Coins Off The Exchange?
Now that the mystery of how to buy ZRX coin has been solved, the last thing to do is to consider where you want to store your coins. We love Binance as much as the next person, however, we still recommend you store your ZRX coins in a wallet you control.
Why not store your coins on Binance? The truth is that quite a lot of people do this. The problem with any cryptocurrency exchange is that they are a significant target for hackers. As the largest exchange in the world, Binance is probably the biggest target out there. The sad truth is that exchange hacks are not uncommon and any hack could mean you lose your crypto. To protect against this threat, the solution is to store your funds in your own private wallet.
Ultimately, the choice is yours. However, if you do wish to withdraw your 0x coins from Binance and store them in your MyEtherWallet. Just follow the steps below:
- Copy your public address from MyEtherWallet.
- Ensure you are logged into Binance.
- Select ‘Funds’ from the navigation bar and hit ‘Withdrawals’.
- Search ‘ZRX’ in the drop-down. Then paste your MyEtherWallet public address into the ZRX coin withdrawal field. Once you have keyed in the number of coins you want to withdraw, you can click the ‘Submit’ button. Your 0x coins will then be sent to your MyEtherwallet.
Binance withdrawal fees: The exchange will charge you to withdraw your coins. The fee regularly changes. You can double check the fee you will pay here.
The TotalCrypto Team are very excited to see which new exchanges will adopt the 0x protocol. Ethereum based digital assets are the most common types in the crypto space and there is little doubt that 0x can add significant value to this market.
It is no secret that infrastructure plays have done very well for investors over the last year or so. 0x coin provides the opportunity to get exposure to cryptocurrency exchange infrastructure. This is perhaps one of the most profitable sectors in the world right now and we think that the long-term outlook is bright for ZRX coin.
We also love how well 0x is positioned to take advantage of the next cryptocurrency bull market and will certainly be keeping tabs on this exciting project.