ZIL is available on LetsExchange, allowing you to purchase it directly on our platform along with thousands of other cryptocurrencies. You can buy any amount of ZIL you wish, as we offer significantly high upper limits. LetsExchange prioritizes user privacy and does not require the collection of personal or financial information, making account registration optional. However, creating an account is recommended to access additional benefits such as advanced tools for managing your crypto portfolio and participation in affiliate programs.
What is ZIL?
Zilliqa (ZIL) is a cryptocurrency and blockchain platform designed to offer high throughput and the ability to complete thousands of transactions per second. It aims to solve the issue of blockchain scalability and speed by using sharding as a second-layer scaling solution. The idea is to divide the network into several smaller component networks (shards) capable of processing transactions in parallel. Zilliqa was one of the first blockchains to implement sharding, which significantly increases its transaction capacity as the network grows.
How to buy ZIL on LetsExchange: a step-by-step guide
On LetsExchange, you can swap any of the supported 4,500 coins and tokens to ZIL. While account registration is optional, we recommend it to access advanced portfolio management and affiliate tools.
To proceed with the swap, perform the following steps.
In the exchange widget, select the coin you want to exchange for ZIL in the You Send field. For this example, we'll use Bitcoin, but you can choose any coin you have.
Enter the amount you want to swap. In our example, we pick a default sum of 0.003 BTC.
Select the exchange rate type: fixed or market.
If you pick a fixed rate, you will receive the exact amount specified on the Check the details screen. Check the details screen is displayed after clicking the Swap button and entering a receiving address. With a fixed rate, you can use a promo code.
If you pick a market rate, the sum to receive may be different from the sum that is initially displayed in the widget. LetsExchange will select the best rate among multiple liquidity providers, and the swap will be completed at that rate.
We pick a fixed rate because, with it, you get an opportunity to receive cashback by entering a promo code.
In the You Get window, pick ZIL.
Now, the picked coin will be displayed in the You Get field. The sum that you will get will be calculated automatically.
If you have a promo code, type it in. You will get cashback. If you don’t have a promo code but want to get one, follow us on social media for updates — from time to time, we organize some events for our users where they can be rewarded with promo codes and other valuable rewards.
Click on the Swap option.
Now, the widget will display a window where you will be asked to enter your receiving wallet address. The swapped coins will be sent there.
You can also fill in the refund address. If the swap doesn’t go as expected, your coins will be refunded there.
Check all the data once more and hit the Proceed button.
You will be displayed a deposit wallet address, to which you need to send your coins. After you do so, the coins will be swapped, and your ZILs will be sent to the receiving wallet address you’ve provided.
After the transaction is completed, you can download the receipt with all the transaction details. Also, you can track your transaction at any stage by copy-pasting its number on the Transaction status page.
Conclusion
In conclusion, purchasing ZIL on LetsExchange is a straightforward and secure process. The platform supports a wide range of cryptocurrencies, offering flexibility in the amount of ZIL you can buy. With high upper limits and optional account registration, LetsExchange ensures user privacy and convenience. However, creating an account can provide additional benefits, such as advanced portfolio management tools and access to affiliate programs. By following the outlined steps, you can easily acquire ZIL and take advantage of the features and opportunities it offers within the blockchain ecosystem.