Buy, Sell, & Trade ZRX
Exchange ZRX with USD and Cryptocurrency
Since the early days of the blockchain, when pioneers like Bitcoin and Ethereum were the only games in town, things have changed radically. As of March 2022, there were over 10,000 active cryptocurrencies with 300 million users worldwide. ZRX is in the top 100 (by market cap) of these tokens and its users need to find the best place to buy, sell and exchange it. Rubix exchange, with its innovative platform and user-friendly app, is that place.
0x is a protocol created by 0x Labs to facilitate the peer-to-peer (P2P) exchange of Ethereum-based assets. Developers needing exchange functionality use it as an open standard and core DeFi building block. 0x operates as a decentralized exchange, which sometimes draws criticism due to longer transaction times.
The native token of 0x is ZRX, which gives its owners a say in how the protocol evolves. ZRX holders also have the ability to stake their tokens to gain ETH liquidity rewards. As of May 2022, it has a market cap of over 500 million USD, a circulating supply of 847,496,055 ZRX coins and a maximum supply of 1,000,000,000 tokens.
Who created ZRX?
Having started the development of 0x in 2016, Will Warren and Amir Bandeali released a white paper on February 22, 2017, setting out its aims:
“We describe a protocol that facilitates low friction peer-to-peer exchange of ERC-20 tokens on the Ethereum blockchain. The protocol is intended to serve as an open standard and common building block, driving interoperability among decentralized applications (dApps) that incorporate exchange functionality.”
An initial coin offering followed on August 15, 2017, when the new protocol raised over $24 million in 24 hours, selling half (500M) of the total supply of the ZRX token.
How do I exchange and trade 0x?
The safest and most secure method of trading ZRX tokens, the native token of the 0x platform, is on a recognized cryptocurrency exchange, like Rubix. Although individuals can set up trades by finding their own buyers and sellers in peer-to-peer marketplaces, this is laborious and risky, as it might bypass some of the security protocols that reputable exchanges use.
Once you have found a suitable exchange, simply set up an account and transfer in your ZRX tokens. You can then buy, sell and trade these through the exchange, which is usually a very straightforward and intuitive process.
Exchange ZRX using Rubix
Rubix is a secure and easy-to-use cryptocurrency exchange that gives access to trading in an ever-increasing number of crypto tokens. Designed with user experience in mind and prioritizing user privacy, the Rubix app is simple and secure, and its unique crypto wallet system can conveniently manage your investments across the world.
You are certainly not limited to trading ZRX either. You can purchase many other supported cryptocurrencies using your credit or debit card. Once logged in to your account, you can sell them for your preferred currency and receive the funds straight into your bank account or trade for a stablecoin or other altcoin.