Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Horizen. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Horizen

Australia has a good amount of popular and regulated crypto trading platforms, so it’s quite easy finding an exchange that has Horizen. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Horizen in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Horizen

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Horizen in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Horizen, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Horizen.

Also, take a look at our analysis of the top cryptocurrency trading platforms if you’re interested in learning more about the exchanges we would recommend.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Horizen, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Horizen

The final step is to go to their asset list, find Horizen, navigate to the buy section, and then trade your AUD for some ZEN. Once you’ve bought Horizen, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Horizen (ZEN)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.

How to Sell Horizen

If you’re thinking about selling Horizen, just follow the steps below.

  1. Sign in to the cryptocurrency exchange (like Swyftx).
  2. Click on Horizen in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Horizen for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Horizen in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Horizen with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Horizen. Have a look on their site first, you might be lucky.

How to buy Horizen with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Horizen with your credit/debit card.

About Horizen

Horizen is a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Interoperability between blockchains is possible with the Zendoo protocol. It utilizes SNARK verification, and allows for complete flexibility in sidechain type as well as consensus. It supports more than 10,000 sidechains, and can process up to 10,000,000 TPS. The network offers high-scale cryptographic verification.

Zendoo makes Horizen a free-of-charge network of blockchains. Developers can use a variety of SDKs to deploy their blockchains within the ecosystem. Blaze and Latus were the first SDKs to allow developers to create blockchains based on IOHKaEUR(tm), Ouroboros proof-of-stake protocol. Blaze offers high-speed chains that can run at 1,000 tps using their own certifiers. Latus uses a recursive SNARK version for complete decentralization. EVM integration will be made available in the next SDK set to enable compatibility with Ethereum smart contracts.

ZEN, Horizen’s native cryptocurrency, is currently trading on major exchanges such as Binance, Bittrex, and Coinbase. ZEN can be staked to Horizen's nearly 50,000-strong full-node network.

Horizen is known for its zero-knowledge blockchain technology expertise. Their cryptography team has made numerous advancements, including Ginger-Lib, a zero-knowledge privacy tool that was created by Ginger-Lib, and one of the first zero-knowledge-based scaling options.

The unique blockchain network provides a sidechain solution, which allows developers to create their own scalable Blockchains. It can handle thousands of transactions per minute and preserve true decentralization among thousands of nodes. Horizen provides privacy options that are unique.

Horizen is a fully decentralized zero-knowledge-enabled blockchain ecosystem that offers massive scalability and optional privacy features. Zendoo, a sidechain system that Horizen can use to create thousands of sidechains capable of communicating with the mainchain, is called Zendoo.

Blockchain transactions are verified by network nodes, which requires significant computational power. The number of transactions that a blockchain network can process simultaneously is limited. Horizen developers can simultaneously operate more than 10,000 blockchains at once and process up to 10,000,000 transactions per minute across all sidechains (averaging TPS 1,000 per network). The distributed node network of Horizen is the largest and most widely used in the industry. The network is completely decentralized, which allows for high transaction throughput.

Horizen is currently decentralized on the technical level. However, it is moving towards a fully decentralized governance structure through initiatives like Zen Improvement Proposals and the Horizen Community Council. ZenIP is used by Horizen to standardize the process of proposing major changes in the Horizen codebase or ecosystem.

ZEN is the native cryptocurrency in the Horizen ecosystem.

Related: