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You can safely trade Bitcoin (BTC) for 0x (ZRX) with Zengo. In this guide, you will learn about swapping BTC for ZRX or vice versa.
Bitcoin (BTC) is the very first and most renowned cryptocurrency. It was introduced by an unknown group or individual called Satoshi Nakamoto in 2008 and became operational in 2009. Operating independently from traditional banking systems, it fosters a decentralized approach to financial management. Bitcoin runs on the blockchain, and all transactions are recorded on the blockchain, which is a series of interconnected data blocks. Further, Bitcoin utilizes the proof-of-work (PoW) algorithm, generating new coins through mining. Its open-source nature ensures broad accessibility, making it a top choice for buying, selling, and trading. As well as its growing acceptance in global businesses highlights its pivotal role in the market.
0x (ZRX) was founded by Will Warren and Amir Bandeali in 2017. It was created to establish a decentralized infrastructure specifically for cryptocurrency trading. Through this protocol, peer-to-peer trades of Ethereum-based assets are facilitated, which in turn allows token holders to have a say in the governance of the 0x protocol and access services offered by decentralized exchanges. The protocol was designed to be open and scalable, allowing developers to create decentralized exchanges (DEXs) or other financial applications. ZRX is an ERC-20 token, the staking token of 0x’s platform. Holders of ZRX can vote for the 0x protocol decisions and earn liquidity rewards.
Zengo offers users a secure platform to swap BTC for ZRX. To begin the trading process, download the Zengo app from Google Play or the Apple App Store. As soon as you have set up your account and completed the onboarding process, you can begin trading.
After registering your Zengo account, follow the instructions below to trade BTC for ZRX or vice versa:
Open the Zengo app and click “Actions” in the main menu.
Select “Trade.”
Choose the BTC and ZRX trading pair and type in the amount you want to swap.
After carefully reviewing the details, tap “Confirm.” You will be notified once the transaction has been completed.
Trading BTC for ZRX is safe and effortless with the Zengo wallet. Here is a short list of reasons why so many people choose Zengo as their wallet:
With Zengo, you can buy, trade, and store an extensive selection of digital assets, including Bitcoin, Ethereum, Chainlink, Dogecoin, and Polygon. Furthermore, Zengo is a Web3-ready wallet, and due to its WalletConnect feature, it is possible to connect to various decentralized applications (Dapps).
Zengo uses cutting-edge technology to protect your digital holdings. This platform replaces standard keys with MPC technology and a biometrical 3-factor authentication process. Furthermore, Zengo provides a robust Web3 firewall to ensure you have safe Web3 Dapp interactions. Learn more about Zengo’s security standards.
With Zengo’s non-custodial approach, you’re granted total control over your private keys, ensuring safe and simple access to your crypto holdings. The Zengo app is designed to be user-friendly and easy to use, minimizing the chances of human error during crypto transfers and swaps.
Zengo offers a platform to trade diverse crypto assets at fair and competitive rates. With Zengo, sending cryptos to other wallets is cost-free, but third-party fees still apply. Zengo also allows users to decide their own gas fee, such as paying more to speed up the transaction or less to save money. Learn about our network fees here.
With Zengo’s innovative biometric-based recovery system, you can quickly regain access to your funds even if you lose your device or delete the application. To recover access, simply download the Zengo app and regain access to your account using your facial ID.
Zengo provides 24/7 support to address all your inquiries, even on weekends and holidays. Connect with our helpful team using the live chat feature in the Zengo app, or email us. For more common questions, check our Online Help Center and FAQs.
Investing and trading in cryptocurrencies can be an exciting experience. But there are also risks involved. The cryptocurrency markets are largely unregulated and are subject to price instability. Although Zengo ensures a safe platform for managing your digital assets, we do not provide any financial guidance. If you want to invest in any digital asset, it is a good idea to research cryptocurrency or NFTs first.
Please view the FAQs below if you have more questions on trading BTC for 0x (ZRX) with Zengo.
BTC is a decentralized digital currency that operates free from government regulation and is not regulated by any banks or central institutions. The token is operating on its own network, also known as the Bitcoin blockchain, a network of linked blocks of data that records all transactions. On the other hand, ZRX is a Utility Token operating on the Ethereum blockchain and is a staking token of the 0x network, which is an open-source and decentralized exchange platform. 0x is designed to facilitate the decentralized trading of tokens, enabling holders to trade directly with one another.
Trading with Zengo means swapping BTC for ZRX tokens using Zengo’s integrated crypto-swapping feature.
A crypto wallet is essential to trade BTC to ZRX tokens. Zengo, with its security features, is an ideal choice for managing your digital holdings safely.
Yes, market fluctuations can affect the minimum trading amounts for BTC and ZRX. To see the current minimums, go to the Zengo app, select the trading function, and choose a trading pair. Click here for more information about Zengo’s fees and limits.
Within the Zengo wallet, you can exchange BTC and ZRX for currencies like BTC, ETH, DOGE, LINK, XTZ, SAND, and VGX. Remember that trading pair availability can vary due to current market conditions. You can check the most up-to-date information by launching the Zengo app, clicking “Actions,” then “Trade,” and choosing a currency you want to trade.
Yes, you can send BTC and ZRX to other wallets safely. To proceed, open the app, select the cryptocurrency you wish to send, tap ” Actions,” choose “Send,” input the amount and recipient’s address, and follow the on-screen steps.
If you see the “Trade Pending” status turn to “Trade Received” in the Zengo app’s transaction history, it means your trade has been completed. In addition, Zengo will send you a confirmation notification.
Yes, Zengo allows the purchase of both BTC and ZRX with its fiat-to-crypto on-ramp gateway feature. To initiate, open the Zengo app, click “Actions,” select “Buy,” and choose the token you want to purchase. We accept payments via MasterCard, Visa, Apple Pay, and bank wire transfers.
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