Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Zilliqa. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good amount of reliable and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Zilliqa. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Zilliqa in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Zilliqa in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Zilliqa, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Zilliqa.
Also, take a look at our analysis of the crypto brokers in Australia if you’re interested in learning more about the exchanges we prefer.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
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 Zilliqa, 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.
4. Buy Zilliqa
The final step is to go to their asset list, find Zilliqa, navigate to the buy section, and then trade your AUD for some ZIL. Once you’ve bought Zilliqa, 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 Zilliqa (ZIL)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
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How to Sell Zilliqa
If you’re thinking about selling Zilliqa, just follow the steps below.
- Sign in to the cryptocurrency exchange (like Swyftx).
- Click on Zilliqa in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Zilliqa for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Zilliqa 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 Zilliqa 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 Zilliqa. Have a look on their site first, you might be lucky.
How to buy Zilliqa 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 Zilliqa with your credit/debit card.
Zilliqa, a public and permissionless blockchain, is designed to provide high throughput and the ability to process thousands of transactions per second. It uses sharding to address the issues of speed and scalability in blockchain. It hosts many decentralized applications and, as of October 2020 it allows for yield farming and staking.
Zilliqa's development work began in June 2017 and the testnet was launched in March 2018. The platform launched its mainnet in June 2019, just a little more than a year later.
Zilliqa's native utility token, ZIL (Zilliqa native utility token), is used to execute smart contracts and process transactions on the network.
Zilliqa claims it is the first public blockchain that relies entirely on a sharded system. It can achieve high throughput and high rates of transactions per second which, according to Zilliqa, solves the scaling issue. Each shard processes transactions independently, so as the network grows, and the number shards increase, the number transactions per second will also increase. Also, transactions are added immediately to the Zilliqa Blockchain after they have been processed. This means that there is no need for additional confirmation.
Zilliqa aims to be the leading blockchain for large-scale enterprise use. This includes the entertainment, financial services, and payments sectors. The platform's 2018 position paper states that it "aims to compete with traditional centralized payments methods like VISA and MasterCard."
Significant ZIL reserves are held by both Anquan Capital as well as Zilliqa Research (the company that developed Zilliqa).
The Zilliqa network, which has over 900 blocks per day when it launched its main net in 2021 is still active and runs millions of transactions every month. The blockchain is also constantly growing, from producing an average of over 900 blocks per day when its main network launched to currently producing more than 2500 blocks per day.