How to Buy Horizen (ZEN)
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Price of Horizen Today (24h)$8.54
-10.49%Horizen (ZEN) is a token issued on the base. Through the collective efforts of the Horizen development team and community members, the number of applications supporting ZEN has been gradually increasing, demonstrating significant potential within the crypto industry. More and more people are becoming interested in Horizen. They wish to invest or purchase Horizen (ZEN), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Horizen. Regardless of your location, Bitrue can provide you with a simple and secure way to buy ZEN.
Where and how to buy Horizen
Horizen (ZEN) is currently not available for fiat and spot trading on Bitrue exchange. However, you can purchase ZEN on decentralized exchanges (DEX). Simply connect your crypto wallet to a DEX, choose the ZEN trading pair, and complete the ordering process. Here is a step-by-step guide on purchasing ZEN:
Steps to Buy Horizen (ZEN)
01Step 1 Create a Wallet
Choose from various cryptocurrency wallets, including digital wallets and hardware wallets. Typically, creating a cryptocurrency wallet is as simple as installing an application on your phone or computer. When you install the application, your cryptocurrency wallet is automatically created following the installation steps. Remember to note down your mnemonic phrase or private key during wallet creation, as the loss of this information will result in permanent loss of the digital assets stored in the wallet. Once your wallet is created, you can immediately transfer cryptocurrency to it, securely store it, and use it as you wish.
02Step 2 Wallet Setup
Configure your wallet with a blockchain network protocol compatible with Horizen (ZEN), ensuring that your cryptocurrency wallet can receive ZEN.
03Step 3 Choose a DEX
Select a decentralized exchange (DEX) that supports Horizen (ZEN) trading. Popular DEX platforms include Uniswap, SushiSwap, PancakeSwap, etc., depending on the blockchain network hosting ZEN.
04Step 4 Connect Wallet
Connect your cryptocurrency wallet to the chosen DEX. This connection allows you to trade directly from your wallet without the need for a central intermediary.
05Step 5 Choose ZEN Trading Pair
Locate the ZEN trading pair on the DEX platform (DEXs typically list tokens in pairs, such as ZEN/ETH, ZEN/USDT, etc.). Ensure your wallet has enough cryptocurrency to pay for the desired amount of ZEN you want to purchase.
06Step 6 Confirm Order
Decide on the type of trade you want to execute. DEX platforms offer options similar to centralized exchanges, such as market orders and limit orders. Confirm and execute your trade.
07Step 7 Verify Transaction
Transactions on DEXs are recorded on the blockchain. Verify the completion of your trade on the blockchain explorer using your wallet address.
08Step 8 Store Securely
- After the transaction is completed, ZEN will be automatically stored in your blockchain network wallet address. You may also consider transferring your ZEN to a hardware wallet to enhance security, especially if you plan to hold it for the long term. This significantly reduces the risk associated with keeping digital assets in an online wallet.
- Decentralized exchanges offer greater privacy, transparency, and control over your assets. However, they may have lower liquidity compared to centralized exchanges, and transactions can sometimes be associated with higher fees depending on the blockchain network. Always conduct thorough research on the chosen DEX and understand its features before initiating transactions.
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Alternative methods to acquire Horizen
Apart from directly buying Horizen (ZEN), what are the alternative methods to acquire Horizen ?
Fixed Auto-Investment in ZEN
Regularly invest a fixed amount at scheduled intervals in Horizen (ZEN) digital assets, enjoying both short-term returns and long-term benefits.
Staking ZEN
Flexible staking of Horizen (ZEN) digital assets to earn interest or high returns in other cryptocurrencies.
POW Mining
Horizen miners choose mining rigs or cloud mining with high GPU and CPU configurations, configure mining software, select mining pools, and start mining to earn ZEN rewards.
Get Horizen (ZEN) for free
If you have enough time, you can obtain Horizen for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Horizen (ZEN).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Horizen.
- All cryptocurrency airdrops and rewards can be exchanged for ZEN through coin-to-coin exchange or spot trading.
How to keep your Horizen safe and secure
Once you have purchased Horizen, it is crucial to store it in a secure location.
If you are highly familiar with operating on-chain Horizen wallets, you also have the option to store Horizen (ZEN) separately in a personal encrypted wallet. This wallet serves to keep your Horizen secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Horizen, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Horizen encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
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Some market stats about ZEN
Price Analysis
ZENHorizen Price Now:
$8.54-10%24H
Horizen is falling this week.
The price of Horizen has dropped by -21.29% in the last 7 days. It has seen a -10.49% decrease in the past 24 hours and a 0.73% increase in just the last hour. The current price is $8.54 per ZEN. Horizen is dropped -58.6% from its all-time high of $20.65.
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Calculate the Returns on Your Horizen Investment
How much profit would I have if I bought $ worth of Horizen in ?
CalculateReturns based on the average Horizen price for that year. Not financial advice.
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How to buy other cryptocurrencies
There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.
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FAQ About Buy Crypto
What is Horizen?
Horizen (ZEN) is a privacy-first modular blockchain platform built on Substrate and now integrated with Coinbase's Base network as an ERC-20 token, enabling seamless DeFi interoperability and zk-proof verification for scalable privacy apps. It leverages zero-knowledge proofs (ZKPs), trusted execution environments (TEEs), and other privacy-enhancing tech for confidential dApps in areas like DeFi, governance, and gaming, with EVM compatibility for easy developer onboarding.
How many Horizen are there in total?
The total supply of Horizen is 21,000,000 and the Circulating Supply is 17,643,648 .
Why are people buying Horizen?
People buy Horizen for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Horizen serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Horizen include investment, risk diversification, and trust in new digital assets.
Should I buy Horizen?
Deciding whether to buy Horizen depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Horizen investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Horizen (ZEN) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Horizen?
Generally, buying Horizen digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
How much does it cost to buy 10 ZEN?
To purchase 10 ZEN, the cost in USD would be $85.49.
What can I do with Horizen?
You can use Horizen to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.
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