How to Buy Zilliqa (ZIL) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Zilliqa, and is trustworthy!

You can find our top 3 exchanges for buying Zilliqa here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Zilliqa

And of course, the final step is to find Zilliqa on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Zilliqa (ZIL)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Zilliqa

  1. Sign into the exchange
  2. Find where you stored your Zilliqa, either on a hardware wallet or on the exchange.
  3. Transfer your Zilliqa to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Zilliqa.
Businessman looking at crypto trend

Considerations when looking to buy Zilliqa.

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.