Looking to find an exciting but small Defi (decentralized finance) project that still has room to grow? ZZZ.Finance and its native ZZZV2 token may fit the bill. Read on to learn more about ZZZ.Finance including the best and easiest ways for you to purchase ZZZV2 today.
What is ZZZV2?
ZZZV2 represents the latest iteration of ZZZ.Finance, an exciting Defi (decentralized finance) hub that models itself after the successes of Yearn Finance (YFI) while aiming to improve upon its shortcomings. The ZZZV2 token itself is a standard ERC-20 token built on top of the Ethereum (ETH) blockchain.
As a community-focused project, all decisions made in regards to the ZZZ platform are made by the community members themselves and the value of the token is determined by the contributions of the community.
If this sounds interesting to you, read on to learn the easiest and best ways for you to buy and store ZZZV2 in this step-by-step guide.
Step 1: Register on Fiat-to-Crypto Exchange
The first step to purchasing cryptocurrencies like ZZZV2 is to enter the crypto ecosystem by exchanging fiat money (such as dollars) for cryptocurrency. This is done via a fiat-to-crypto exchange which is a regulated intermediary between the two ecosystems (dollars or other fiat and crypto). After you have purchased your initial cryptocurrency with fiat money it will be much easier to swap between other cryptocurrencies on any platform of your choosing.
We recommend using CryptoWallet for your initial fiat-to-crypto onramp. The easy-to-use CryptoWallet application, which is available on both Apple and Android devices, provides a guided process to make registration simple and fast. It is also an extremely secure option since all crypto funds stored in your wallet are protected by BitGo, a leader in the digital asset security space. CryptoWallet even offers a crypto debit card, allowing you to spend your crypto-like money anywhere that accepts debit payments.
Once you’ve completed the initial onboarding process you are ready to begin purchasing cryptocurrencies, which will be covered in the next step.
Step 2: Buy BTC with Fiat Money
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 ZZZV2 is not directly supported, it will be very easy to transfer from one of the mentioned currencies above into ZZZV2, which we will cover how to do in step 3.
We recommend purchasing Bitcoin (BTC) on CryptoWallet to get started since it is the most widely known and accepted cryptocurrency. This will make it much easier for you to find a suitable altcoin exchange when it is time to trade for ZZZV2.
After purchasing BTC you are ready to move on to the next step, swapping BTC for ZZZV2.
Step 3: Transfer BTC to an Altcoin Exchange
ZZZV2 is currently supported on several altcoin exchanges. You should do your own research to find the best exchange that meets your needs and provides you with the best trading rates. Of course, you want to make sure that the altcoin exchange you choose is both reputable and trustworthy.
Once you have selected which altcoin exchange you will use to trade BTC for ZZZV2, you will need to sign up on that new exchange. 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.
After completing sign up it is time for you to send your BTC to your chosen altcoin exchange. First, find your BTC receive address on the altcoin exchange, then paste that address into the ‘Send To’ field on the CryptoWallet app.
It will generally take 15-45 minutes before your BTC will arrive on the new exchange. Once this is done you are ready to find the BTC/ZZZV2 trading pair and make your trade. Once the trade has been executed you are now the proud owner of ZZZV2.
Step 4: Store ZZZV2 Securely
Cryptocurrencies can grow exponentially in price in a short period of time, so it is important to consider security from the beginning, even if you are only storing what seems like a small amount of funds at the time.
You generally have two options to secure cryptocurrencies like ZZZV2: online (or software) wallets and offline (or hardware) wallets. Each comes with its own potential tradeoffs.
CryptoWallet is an example of a software wallet that allows you to buy, sell, trade, and even spend (via their unique crypto debit card) your crypto all in one easy-to-use application. You can also rest easy knowing your crypto is safe with CryptoWallet since it is secured by BitGo, an industry-leading custodian. Currently, CryptoWallet is focused on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT), however. This means it is not available for ZZZV2.
If you are storing large amounts of funds and not requiring regular access, then a hardware wallet may be your best option. Hardware wallets store your keys offline, providing an extra layer of security. The potential downsides of hardware wallets are that you must purchase a separate device and that they are not tailored toward regular use. Ledger and Trezor are two examples of popular and trustworthy hardware wallets where you can store your crypto.
Other Useful Tools for Trading ZZZV2
Price-feed tools like CoinGecko.com and CoinMarketCap.com are also very useful for trading cryptocurrencies like ZZZV2. 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 ZZZV2 as well as the trading pairs they support.
Can I buy ZZZV2 with cash?
Unfortunately, you cannot buy niche cryptocurrencies like ZZZV2 directly with cash. However, a cash-like way to purchase ZZZV2 is to use your debit or credit card to purchase BTC on CryptoWallet and then trade that BTC for ZZZV2 on an altcoin exchange.
Are there any quick ways to buy ZZZV2 in Europe?
The quickest way for you to buy ZZZV2 in Europe is to use the CryptoWallet 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 ZZZV2 on an altcoin exchange.
Are there any alternative platforms to buy ZZZV2 or Bitcoin with credit cards?
While the combination of CryptoWallet and an altcoin exchange that supports ZZZV2 is likely the easiest and best option to purchase BTC with a credit card and then swap that BTC for ZZZV2, 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.