How to Buy 0x: Invest in 0x Tokens Today!

0x (ZRX) is a DeFi coin that was launched in 2016. Founded by Will Warren and Amir Bandeali, 0x works as a liquidity aggregator over various decentralized exchange (DEX) systems. The protocol allows the peer-to-peer swap of decentralized finance assets in a cost-effective and frictionless way.

In addition, the developers added a standard protocol that analyses the tokenization of DeFi blockchains. Over time, 0x has garnered some traction in the market, meaning it could be a worthy addition to your crypto portfolio. In this guide, you will be shown how to buy 0x and every additional detail you need to purchase this asset safely. 

How to Buy 0x—Quickfire Walkthrough to Buy 0x Tokens in Less Than 10 Minutes

0x is a DeFi coin that has attracted some market interest. If you are planning to buy 0x tokens, the best way is through Pancakeswap. The exchange allows you to trade tokens without a centralized intermediate or third party. 

Following the steps below, you are less than 10 minutes away from buying your 0x tokens. 

• Step 1: Download Trust Wallet: This is a software wallet; it is also the most suitable for Pancakeswap exchange. You can download it on your mobile device via Google Playstore or Appstore. 
• Step 2: Search for 0x: Once the download is complete, install and then open. Search for ‘0x’ using the box at the top right corner of the app. 
• Step 3: Fund Your Trust Wallet: You cannot buy 0x without crediting your wallet with cryptocurrency. This can be done by either transferring digital tokens from an external wallet or using your debit/credit card. 
• Step 4: Connect to Pancakeswap: Click on ‘DApps’ at the bottom of the Trust Wallet and select ‘Pancakeswap.’ Continue by clicking on the connect button to link your Pancakeswap to your Trust Wallet. 
• Step 5: Buy 0x: After connecting, click on the ‘Exchange’ button. Proceed by choosing the cryptocurrency you want to swap for 0x. Enter the amount of 0x tokens you want to buy and finalize the process by clicking the ‘Swap’ button. 

The 0x token goes straight into your Trust Wallet, where it is safely secured. Likewise, you can use your Trust Wallet to trade your 0x tokens or any other coin of your choice.

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

How to Buy 0x Online—Full Step-By-Step Walkthrough

As a newbie, you already have a glimpse of how to buy 0x from the quickfire guide enumerated above, but that might not be enough. If this is your first time, you might need a more comprehensive guide on how to buy 0x.

Buying a DeFi coin and steering through a decentralized exchange can be a bit complex, so the thorough walkthrough below breaks down the how-to process every step of the way. 

Step 1: Download Trust Wallet

Trust Wallet comes with a built-in decentralized exchange that enables you to trade digital assets via DApps. 

The hierarchical character of this wallet lets you obtain a new address every time you transact to ensure your balance is hidden. In addition, the same key generator gives you a phrase that you need to store safely to recover your wallet if required quickly.

Pancakeswap is a decentralized application that needs to be connected to a wallet, just like all other DApps. Trust Wallet is a worthy option as it is easy to use for newbies and is backed by Binance. It also supports thousands of tokens and the 15 pre-eminent cryptocurrencies in the market. 

Being a software wallet, it is available for download on mobile devices via Google Play and the Appstore. Upon downloading, you will need to open the app and generate your login details. Then you will get a 12-word passphrase that will be used to recover your wallet should you forget your details or lose your device.

It is advisable to write down the passphrase and keep it in a safe place. 

Step 2: Fund Your Trust Wallet 

Considering that you just obtained a new wallet, you won’t have any digital assets in it as of yet. So you will have to fund it with cryptocurrency before buying 0x tokens. 

You can fund your Trust Wallet in two ways:

Send Cryptocurrency from an External Wallet 

One of the ways to fund your Trust Wallet is to transfer cryptocurrency from a different source. This can be done if you have an external wallet with digital tokens.

You can receive cryptocurrency in your Trust Wallet with the steps below.

• Initiate your Trust Wallet app and click on ‘Receive.’
• Choose the cryptocurrency you want to transfer into your wallet.
• You will receive a unique wallet address. This is the address where the cryptocurrency will be sent.
• Copy the address and proceed to the external wallet.
• In the external wallet, click on ‘Send’ and paste the address you have copied.
• Input the amount of the digital token you want to send.
• Confirm the transaction.

You will receive the cryptocurrency in your Trust Wallet within minutes.

Buy Cryptocurrencies using your Credit/Debit Card

The second way to obtain cryptocurrency is through the use of fiat money. This refers to inconvertible paper money made legal tender by law. This is an option in case you have no digital tokens in an external wallet.

One of the advantages of using Trust Wallet is that it allows you to buy cryptocurrencies using your debit/credit card.

Here are the steps below.

• Select ‘Buy’ on the Trust Wallet app. 
• On selecting, you will be shown all the tokens you can buy with your card.
• While you can pick any token, it is advisable to go for Binance coin (BNB) or other popular cryptocurrencies like Tether (USDT).
• You need to go through a Know Your Customer (KYC) process. Here, you will be asked to provide personal details and upload a copy of a government-issued ID. This is needed because you are buying cryptocurrency with fiat money.
• Once you are done with the KYC process, input your card details and the amount of cryptocurrency you want to buy.
• Confirm your transaction.

The cryptocurrency will reflect in your Trust Wallet within seconds.

Step 3: How to Buy 0x Tokens through Pancakeswap

Once you have credited your Trust Wallet with a cryptocurrency, you are one step away from buying 0x via Pancakeswap. This exchange permits you to have one digital asset in exchange for another without going through a third party.

The first thing to do is connect Pancakeswap to Trust Wallet, as mentioned earlier. Then you can proceed to swap the cryptocurrency you have in your Trust Wallet for 0x.

Here is how to go about it:

• Select ‘DEX’ on the Pancakeswap page.
• Click on the ‘Swap’ tab.
• You will see a ‘You Pay’ tab where you will pick the cryptocurrency you are paying with. 
• Input the number of digital tokens you want to exchange. Note that it must be the cryptocurrency already in your Trust Wallet. 
• Go to the ‘You Get’ tab and pick 0x from the drop-down list. 
• You will be shown the 0x equivalent you will get. For example, for 1 BTC, you will get about 5,087 ZRX (0x token) equivalence.
• Click on ‘Swap’ to complete the transaction. 

Check your Trust Wallet to see the 0x you have purchased.

Step 4: How to Sell 0x

You’ll likely want to sell your 0x tokens sometime. After all, one of the goals of investing is to make financial gains. Since you need to trade your digital tokens to realize their value, it is important to understand how to sell 0x, just as much as the buying process.

The strategy with which you want to sell your 0x tokens depends on your goal.

• You can swap 0x with another token via Pancakeswap. You simply need to exchange it for a token of your choice, as explained in Step 3. 0x is the coin you will choose in the ‘You Pay’ section, and the token you want in return will be selected underneath ‘You Get’.
• You can also cash out your 0x tokens into fiat money. For this, you simply need to transfer your 0x tokens to Binance or any other exchange platform and sell them into fiat money. Afterward, you can access your money via your bank account.

Notably, you cannot access fiat money without completing a KYC process, which means your anonymity will be lifted. 

Where to Buy 0x Tokens Online

0x has a maximum supply of 1 billion tokens and a fully diluted market cap of over $550 million – as of mid-2021. This makes 0x one of the most notable coins garnering impressive traction in the DeFi market. Consequently, it is possible to buy the DeFi coin through several exchange platforms. 

However, if you want to buy 0x seamlessly, the best platform to use is a decentralized exchange like Pancakeswap. Here are some reasons explaining why Pancakeswap is the best.

Pancakeswap—Buy 0x through a Decentralized Exchange

Pancakeswap is a decentralized exchange with low transaction costs and high speed. It also grants its users access to new tokens, making diversification easy. For those who want a private trading experience,  Pancakeswap is an excellent choice as it does not require a KYC process.

This indicates that you can begin trading as long as you have digital assets in your Trust Wallet. The platform is top-rated and currently has over $4 billion in locked liquidity as of the time of writing in mid-July. These pools are filled by users who inject funds and get liquidity provider (LP) tokens in return. 

Moreover, with the exchange’s pairing mechanism, it matches users for trading purposes seamlessly. Furthermore, these LP tokens can then be used to reclaim users’ share of the pool and a portion of the trading fees. This is in addition to the numerous farming options. Pancakeswap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get reimbursed with CAKE tokens.

As stated earlier, Pancakeswap can be accessed via Trust Wallet. So, to buy 0x, you must have an established cryptocurrency with which you’ll swap. Then, you can proceed to link Pancakeswap to your Trust Wallet and buy 0x. Owing to Pancakeswaps’ simple user interface, it is suitable for both beginners and pros alike. 

Pros:

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