0x is an open-source, permissionless and free to use protocol that helps its users to exchange Ethereum-based tokens and assets. It is fueled by the ZRX tokens that are used by Makers and Takers to pay transaction fees to Relayers. You can perform ZRX exchange on our website, BestRate.org. Also, these tokens facilitate decentralized governance over 0x protocol’s update mechanism which lets the smart contracts that lie at its core to be replaced and improved in time.
With 0x each trade is set automatically with no third-party risk of failure and no downtime. The users can share a standard API and easily aggregate liquidity pools.
In order to exchange Bitcoin to 0x you need to set up a wallet for both of these currencies first.
For 0x, create a wallet on https://www.myetherwallet.com
Check how to add a custom token on MyEtherWallet in their knowledgebase.
For Bitcoin, we recommend to use the wallet named Jaxx.
We recommend to use the wallet named Jaxx.
Set up Jaxx wallet on your PC
1. First, you need to install the Jaxx application on your PC. You can do it by the link below:
2. If you have multiple alternative currencies select the custom wallet:
3. Select the virtual currencies you possess:
4. Select the fiat currencies you possess:
5. On the next step, Jaxx will ask you if you want to backup your wallet. Agree, as this is very important in terms of security of your digital funds.
6. Jaxx will generate a mix of 12 words that are not related with each other, which makes it really difficult to remember. Write down this word set somewhere in a paper notebook or any other item that can’t be hacked via internet.
7. Type this word mix on the next step:
8. Then Jaxx will ask you if you want to set up a security PIN. Agree and proceed to the next step. Set up your 4-digit PIN-code and verify it:
That’s it, now you have a Jaxx wallet on your PC.
How to exchange BTC to ZRX
In order to buy ZRX with the help of some other crypto currency you own, first select your currency and type the amount.
Select the ZRX price rate that works best for you.
Put in your ZRX wallet address.
Right after that BestRate.org will generate the address for you that should be copied.
Then you’ll see that the transaction was created, as its status will be displayed on your screen.
How to sell ZRX
If you want to sell ZRX in order to exchange it for another type of cryptocoin, first select the coin you want to buy and put in the amount. Then repeat all the steps described above.
BestRate.org provides you with the best ZRX exchange rates so that you could maximize your profits.