How to buy 0x

How to buy 0x (ZRX)

Learn more about 0x: How, where, why (and why not) to buy.

0x is a completely open source and permissionless protocol designed to work with ERC20 tokens.

Some of its most compelling features are:

  • Off-chain orders. It lets ERC20 tokens be traded on the Ethereum blockchain with reduced gas costs and blockchain bloat.
  • Standardisation and ease of use. It offers standardised APIs, a well developed programming library and thorough documentation for ERC20 developers to create smart contracts and similar.

The 0x Protocol used the ZRX token to offer transfer and storage of value across multiple ERC20 projects, execute transactions on the 0x protocol and to act as a common token.

What does this mean? For starters, that you might be able to seamlessly spend ERC20 tokens interchangeably across a wide range of projects.

This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.

Where to buy 0x (ZRX)

Name Product Payment Methods Available Fiat Currencies Available Cryptocurrencies
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Due to an increase in demand, Binance has placed a daily cap on new registrations
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
Cryptocurrency, Wire Transfer
New account holders must now deposit fiat/crypto equivalent to US$10,000 to trade.
USD, EUR
BTC, BCH, BTG, USDT, ETH, XRP, ETC, EOS, NEO, LTC, MIOTA, SAN, XRP, XMR, DASH, OMG, ZEC, QSH, QTUM, ETP, ZRX, SNT, YYW, MIOTA, TNB, EDO, FUN, DATA, GNT, BAT, MNA, SPK, AVT
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
SEPA, SWIFT
USD, EUR
BTC, BCH, ARDR, DASH, DXN, XRP, ETH, LTC, XMR, ZEC, XRP
Buy crypto with fiat (USD/EUR) and trade over 150 other digital assets on this Europe-based exchange platform.
Livecoin Cryptocurrency Exchange
Livecoin Cryptocurrency Exchange
Cryptocurrency, Payeer, Perfect Money, Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, DBIX, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, DOGE, DTR, DGB, VOX, ESC, MONA & 140+ more
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.
Mercatox Cryptocurrency Exchange
Mercatox Cryptocurrency Exchange
OKPay, PerfectMoney, Yandex Money, Payeer, QIWI, Cryptocurrency
USD, EUR, RUB
BTC, XRB, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX, DSR, XCPO, LTC, VERI, LOC, NUA, PKT, PPT, ICO & 80+ more
Supporting over 100 coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform.

Compare up to 4 providers

How does 0x work?

One of the main applications of the 0x protocol is for the creation of decentralised smart contract-operated exchanges. This is necessary to mitigate the risks of theft or misconduct found with centralised exchanges.

But there are several problems with that idea.

  • The gas costs of creating, cancelling and adjusting orders on exchanges will quickly add up.
  • There are challenges with maintaining enough liquidity across each exchange (especially with the above costs).
  • Unexpected changes in one place might have unexpected results elsewhere.

0x aims to solve these problems with:

  • Off-chain functions to reduce the gas costs and blockchain bloat.
  • Standard APIs that allow for aggregate pools of liquidity across different exchanges.
  • A modular system that allows for upgrades of individual components without unduly affecting other components, or disrupting existing markets
What are the relayers?
Orders are transported off-chain. In other words, they’re transported by 0x instead of Ethereum. This is done by relayers which collect a small fee each time they facilitate a trade. Anyone can build a relayer.

0x is already used by a range of different exchanges. Many of the exchanges that carry out smart contract-facilitated trading are already using 0x.

Should I buy 0x ZRX?

0x is explicitly designed to enable cross-chain functionality among multiple ERC20 tokens and to act as a common unit of exchange among them where needed.

The token itself is used to pay the nominal relayer fees, and the exceptional utility and wide use of the 0x platform may see demand for the token grow from there.

Other than that, you might imagine ZRX as a generic unit of currency which can be freely traded for others at current rates. By its nature, ZRX trading is probably going to be largely automated and done on an as-needed basis.

The 1 billion coin supply limit (of which 500 million are in circulation), next to its utility and wide use, suggests that it still has a lot of room to grow.

It’s worth considering the potential for growth in cryptocurrency as a whole, and the number of ERC20 tokens that have yet to launch but will almost certainly be using the 0x protocol in the future.

Even if/when the Ethereum blockchain finds a way to drop its gas costs to negligible levels, 0x’s potential to bridge ERC20 tokens might still find it being widely used.

ZRX might be a relatively safe token, but it may not see the same explosive growth as other tokens. And if it does you might want to find out why, because someone either abruptly dropped a lot of money into it or something exciting just happened elsewhere.

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