Interoperability is a key piece that has yet to be completely solved in the world of decentralized finance. So much value is often isolated between different protocols and blockchains. The potential for a blockchain that can solve this problem should not be understated. This is exactly what ClassZZ aims to do.
Read on to learn more about ClassZZ and how you can buy and hold its native cryptocurrency (CZZ) in no time.
What is CZZ?
ClassZZ is an exciting new blockchain that aims to enable connectivity between different decentralized finance (DeFi) hubs. The world of decentralized finance is currently fragmented by different blockchains as well as different exchanges and protocols. ClassZZ hopes to fix this by allowing users to swap between different tokens regardless of whether or not they have been listed on the same exchange or even the same blockchain.
ClassZZ blockchain users can use CZZ (the native cryptocurrency of the ClassZZ blockchain) to pay fees when swapping between chains and protocols, stake and earn rewards and even speculate on the continued growth of the ClassZZ blockchain and ecosystem.
If this sounds interesting to you, read on to learn the easiest and best ways for you to buy and store CZZ in this step-by-step guide.
Step 1: Register on Fiat-to-Crypto Exchange
Trading cryptocurrencies like CZZ requires that you have a reliable way to convert your fiat money (such as dollars) into crypto. The safest and best way to do this is via a fiat-to-crypto exchange like CryptoWallet.com.
CryptoWallet.com provides unique features like a crypto debit card which allows you to spend your crypto like cash anywhere that allows you to pay with a debit card.
Step 2: Buy BTC with Fiat Money
Now that you are registered on a fiat-to-crypto exchange like CryptoWallet.com, you can begin to purchase and trade cryptocurrencies. Once you have purchased an initial cryptocurrency it will be much easier to trade between virtually any other cryptocurrency (including CZZ) which we will cover how to do in the next step.
CryptoWallet.com currently supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT). Best of all you can purchase these cryptocurrencies with just a debit or credit card, similar to any other type of online shopping.
We recommend purchasing BTC, to begin with, since it is the most widely accepted cryptocurrency which will make the next step of finding a suitable altcoin exchange to trade for CZZ even easier.
After you’ve made your purchase of BTC you can move on to the next step to learn how you will exchange it for CZZ.
Step 3: Transfer BTC to an Altcoin Exchange
CZZ is currently available for trading on Gate.io, an American altcoin exchange. You will need to create an account on Gate.io to complete this step, but since you have already finished the hard part of converting fiat money into cryptocurrency the process should be fast and easy.
Once signed up on Gate.io you can transfer your BTC from CryptoWallet.com to Gate.io. To do this, find your Gate.io BTC receive address, then paste it into the ‘Send To’ field on the CryptoWallet.com app. Once the BTC has arrived you can search for the BTC/CZZ trading pair and execute your trade.
You now hold CZZ, but you still have one more step to go, which is to find a suitable and secure place to store your CZZ.
Step 4: Store CZZ Securely
There are two primary options for storing cryptocurrencies like CZZ. One is to use a hot wallet (a software program you run on your phone or computer), the other is to use a cold wallet (a small piece of hardware designed to hold your crypto keys offline to provide extra protection).
For small to medium amounts a software wallet is sufficient. However, not all wallets are the same and you must do your own research to ensure that the wallet you select is trustworthy and reputable before you send any cryptocurrency to it.
The best software wallets will offer features similar to CryptoWallet.com. This includes being regulated and protected by a digital asset security firm. CryptoWallet.com also provides a host of unique and convenient features including the crypto debit card.
If you are storing a large amount of funds, or do not need regular access you may want to consider purchasing a hardware wallet such as a Trezor or Ledger, both of which are excellent options. Hardware wallets require an extra purchase of the physical wallet and are not as convenient for everyday use, however they do tend to be the most secure option for long-term storage.
Other Useful Tools for Trading CZZ
Price-feed tools like CoinGecko.com and CoinMarketCap.com are also very useful for trading cryptocurrencies like CZZ. These tools provide you with a real-time price chart and statistics such as current market cap and trading volume. In addition to this, CoinGecko and CoinMarketCap will provide you with a list of exchanges currently trading CZZ as well as the trading pairs they support.
You May Also Like
If you like CZZ you may also be interested in other projects that hope to provide a bridge between different cryptocurrency ecosystems. As mentioned, the potential for the project that can arise as the leader of this market is limitless. Thus, many projects are competing for this role. In addition to CZZ, this includes Polkadot (DOT), Cosmos (ATOM), and ThorChain (RUNE) amongst others.
Can I buy CZZ with cash?
Unfortunately, you cannot buy niche cryptocurrencies like CZZ directly with cash. However, a cash-like way to purchase CZZ is to use your debit or credit card to purchase BTC on CryptoWallet.com and then trade that BTC for CZZ on an altcoin exchange.
Are there any quick ways to buy CZZ in Europe?
The quickest way for you to buy CZZ in Europe is to use the CryptoWallet.com app which will allow you to buy Bitcoin (BTC) directly with your debit or credit card. Once you have completed this purchase you can easily swap your BTC for CZZ on an altcoin exchange.
Are there any alternative platforms to buy CZZ or Bitcoin with credit cards?
While the combination of CryptoWallet.com and an altcoin exchange that supports CZZ is likely the easiest and best option to purchase BTC with a credit card and then swap that BTC for CZZ, other options may exist. You should do your own research as to which option is best for you and what the potential trade-offs are for your chosen platform.