5 Reasons to Buy 0x in India
- Its code is available on the internet for anyone to go through it.
- It is capable of working with all Ethereum tokens.
- It supports both fungible and non-fungible tokens.
- It has a market capitalization of close to $1 billion.
- It has a maximum supply of 1 billion 0x coins.
What is 0x?
0x was founded in October 2016 with the aim of representing every asset as an Ethereum token.
It acts as a bridge between people who want to build decentralized exchanges on the Ethereum network without going through the transaction process of Ethereum. It helps to achieve this aim with the help of sidechains. The hassles of calculation and maths are all done by smart contracts, and decentralized applications help for easy swapping of user’s tokens. Its own cryptocurrency ZRX is used as a token to pay trading fees to liquidity providers.
3 Things to know while Investing in 0x (zrx)
- 0x is also called a decentralized exchange that allows the P2P exchange of Ethereum tokens.
- Built as a decentralized exchange, it allows for people’s trust by removing centralized entities from the frame.
- It is highly scalable and helps in processing transactions at a better rate.
To buy 0x directly, you can engage in a P2P (Peer to Peer) trade. Decentralized exchanges, or DEX is an option that connects you with a seller or you can buy this cryptocurrency directly from someone you know. The catch here is in the functionality of these decentralized exchanges that can make your process tiresome as well as it is difficult to find a trusted seller that can provide you 0x. Therefore, this route is suited only for pro traders.
People who are just starting their journey of cryptocurrency might want to take the simplified route and Download CoinSwitch Kuber!
You can buy 0x in just 4 steps on CoinSwitch Kuber:
- Open CoinSwitch Kuber, click on the Market tab from the bottom navigation and select 0x.
- Click on the ‘Buy’ button.
- Enter the amount that you would like to buy 0x for, say ₹100, and click on the ‘Preview Buy button
- Check all the details of your order and proceed by clicking ‘Buy.’
Congratulations, you just bought your first 0x!
There is no definite price to buy a cryptocurrency as most of them are still under the development stage, with updates being pushed frequently. This could possibly increase the price by 0x, and you would regret not buying it early.
Instead, you can invest small amounts periodically and balance the opportunity and risk. Start investing in 0x for as low as ₹100
There is no available answer for when to invest in assets because the value increases over time. If you are someone who looks for the opportunity to buy at lower prices, you may be missing the gains around this time. It’s always better to start investing from today.
Start with small amounts and use them over a period of time; however, you can always choose to
invest a lump sum amount when 0x (ZRX) is available at a lesser price.
There are dozens of platforms available on the Internet for buying 0x, but the only difference is the experience and interface that allow for easy investments in the long run.
Most of the apps available are quite complex to understand, and it would be very difficult to invest; however, CoinSwitch Kuber takes away all the hassles by providing an interactive interface and allows buying 0x easily.