Creator-led video platforms like TikTok are taking over the world, but how can believers in these platforms benefit from their continued growth? ZIKTALK provides a solution to this problem via its ZIK token, a way for users to receive direct financial benefits when the platform itself grows.
If this interests you, read on to learn the easiest ways for you to buy and store ZIK and participate in this exploding industry.
What is ZIK?
ZIK is the native currency of ZIKTALK, a popular app that allows users to share short videos as well as watch short videos from their favorite creators. Unlike other popular video-sharing platforms, ZIKTALK incentivizes both creators and users via ZIK token rewards. Creators earn ZIK directly from the platform for every like, follow and comment they receive. Users, meanwhile, can earn ZIK just by interacting with and watching videos on the platform. In addition to this, ZIK users can also tip their favorite creators directly using their ZIK tokens.
There are two primary reasons you may want to buy and hold ZIK: the first is that you are a ZIKTALK user who wants to support their favorite creators while enjoying videos on the platform. The second is that you believe in the continued growth of creator-led video platforms and want a way to speculate on this growth by holding a token that can appreciate in price as demand for the token rises.
Step 1: Register on Fiat-to-Crypto Exchange
To enter the world of crypto you will need to find an intermediary exchange that allows you to trade your fiat money (such as dollars) for cryptocurrencies. Once you have entered the crypto world (by purchasing a cryptocurrency with fiat) it will be much easier for you to freely move and swap between cryptocurrencies.
We recommend using CryptoWallet as your fiat-to-crypto exchange.
Step 2: Buy BTC with Fiat Money
Now that you have registered on a fiat-to-crypto exchange it is time to make the transition from fiat money into cryptocurrencies. CryptoWallet makes it easy to purchase cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT) using just a debit or credit card. Although ZIK is not supported, it will be very easy to transfer from one of the mentioned currencies above into ZIK, which we will cover how to do in step 3.
Bitcoin (BTC) is generally the best option when looking for a cryptocurrency to trade with since it is the most widely accepted. This will make it much easier to find a suitable altcoin exchange where you can trade your BTC for ZIK.
Once you have purchased BTC on CryptoWallet you are ready for the next step.
Transfer BTC to an Altcoin Exchange
Now it is time to trade your BTC for ZIK. ProBit Global is an example of an altcoin exchange that supports ZIK. Since fiat money is not involved and you will only be trading crypto-to-crypto from here on out, the sign-up process should be fast and easy on whichever altcoin exchange you do choose.
After completing this sign-up process it is time to transfer your BTC over to this exchange so that you can make your trade for ZIK. The first thing you need to do is find your BTC receive address on the new altcoin exchange. Once you have done this you can copy and paste it into the ‘Send To’ field on CryptoWallet (where your BTC is currently stored).
It will generally take 15-45 minutes for your BTC to arrive on the new exchange, after which you can search for the BTC/ZIK trading pair and execute your trade.
Last Step: Store ZIK Securely
Now that you own ZIK you have one more step, which is to consider where you will store it. Security is essential when it comes to cryptocurrencies and you generally have two options to store your crypto securely: software (online) wallets and hardware (offline) wallets.
Software wallets are free, widely available, and easy to use. For small to medium amounts they are generally the best option due to their convenience. For larger amounts or if you do not need regular access you may want to consider a hardware wallet which is generally more secure since they store your keys offline. The downside of hardware wallets, however, is that they require a separate purchase of the device which can be costly and can be burdensome for those who regularly use their crypto.
Examples of wallets that currently support Luniverse include the ZIKTALK wallet (which is the best option if you are looking to use your ZIK on the ZIKTALK app) as well as D’CENT Wallet (if you are only looking to hold ZIK to trade at a higher price later). Please make sure to do additional research to find the best option for your situation and needs.
Other Useful Tools for Trading ZIK
Other useful tools for trading ZIK include price-feed tools like CoinGecko.com and CoinMarketCap.com which 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 ZIK as well as the trading pairs they support (for example BTC to ZIK or USDT to ZIK, etc).
Latest News for ZIK
ZIKTALK (the app for which ZIK is the native currency) recently launched version 2.0 of the app. The new and improved version hopes to attract even more users which in turn, could create more demand for the ZIK token and potentially help drive up the price.
Can I buy ZIK with cash?
No, unfortunately not. However, a cash-like way to purchase ZIK is to use the method outlined above and purchase BTC with your debit or credit card on CryptoWallet. You can then trade that BTC for ZIK on an altcoin exchange of your choice.
Are there any quick ways to buy ZIK in Europe?
The quickest way to buy ZIK in Europe is to follow the instructions above and use CryptoWallet to purchase BTC with your debit or credit card. You can then trade that BTC for ZIK on an altcoin exchange that supports ZIK.
Are there any alternative platforms to buy ZIK or Bitcoin with credit cards?
While the combination of CryptoWallet and an altcoin exchange that supports ZIK (as outlined above) is likely the easiest and best option to purchase BTC with a credit card and then swap that BTC for ZIK, 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.