What is Zap coin (ZAP) and what is it for?
Zap is a decentralized oracle platform for data sharing, token creation, and running dApps. The main goal of the project is to become an all-in-one solution for dAppp developers and enterprises to introduce decentralization and monetization to their operations. Once the oracle is up, users can set bonding curves to monetize the data provided by the oracle and create so-called instantaneous liquidity. The tokenized data can be traded without the need for a third party.
Project development started in 2017 and has become public after ICO. Zap oracles were officially launched in January 2019.
Zap protocol has a native cryptocurrency called ZAP that is Ethereum-based and used for platform maintenance. For example, ZAP tokens act as a currency of the Zap oracle marketplace. Users can bond ZAP to the oracle and get a reward when the oracle receives requests.
Where to buy ZAP tokens with a bank card?
ZAP is a quite popular cryptocurrency that is available for trading on several crypto exchanges. But there are not so many places at the moment where you can buy ZAP with a payment card. If you are one of those searching for how to buy Zap tokens or coins of other projects and try to find a reliable bitcoin exchange for that, then congratulations, you’re on the right way.
CEX.IO is an ecosystem of crypto-related products that supports over 90 cryptocurrencies and is available in more than 99% of countries, so it could become a suitable option to buy ZAP. Moreover, CEX.IO is one of the first crypto exchanges that introduced buying and selling cryptocurrencies using debit and credit cards. CEX.IO users can buy and sell ZAP using Visa and Mastercard via the CEX.IO website or the CEX.IO mobile app.
In addition to payment cards, you can add funds to your CEX.IO balance with cryptocurrencies and many other payment methods for fiat transactions. For instance, CEX.IO supports international (SWIFT) and domestic (ACH, SEPA, Faster Payments) bank transfers, as well as online wallets (Skrill, AdvCash, Epay, QIWI).
What do you need to do before buying ZAP on CEX.IO?
CEX.IO is a regulated crypto exchange with mandatory KYC verification for users we serve. We devoted a lot of effort to create a safe and secure place for trading cryptocurrencies and provide access to digital assets for users around the world. Following KYC policy is one of the reasons why we can process instant card deposits and withdrawals for our users.
That is why you need to follow a few simple steps if you want to buy ZAP on CEX.IO. The first step is registration. You need to enter a valid email address, set a strong password, and secure your account by enabling 2FA. Note that only one account per user is allowed.
The next step is account verification. Different verification levels have their limits for deposits and withdrawals and open access to various payment methods. So if you want to use a specific payment option or deposit/withdraw a specific amount of funds, you should double-check that your current verification level allows you to do that. For card payments, you need to have at least Identity verification or the first stage of verification. You can find more information about payment options and verification limits on our Limits and Commissions page.
After account verification, you will be able to buy and sell cryptocurrencies using several services available on CEX.IO Exchange:
- Instant Buy/Sell;
- Spot trading;
How to buy ZAP with a credit card via Instant Buy/Sell?
The Instant buy service is one of the most convenient and fastest ways to buy Bitcoin on CEX.IO since the whole process takes a few minutes. With this service, you can also use your payment card to buy Ethereum and dozens of other cryptocurrencies, including ZAP.
If you want to find out how to buy ZAP cryptocurrency via Instant Buy, here is a step-by-step guide:
- Select ZAP in the dropdown list of available cryptocurrencies;
- Use one of pre-calculated packs or enter your own amount;
- Verify a new payment card or select the one you already verified on CEX.IO;
- Make sure that all details are correct and confirm the purchase.
And that’s it. Your ZAP balance will be replenished in a few moments.
The Instant sell option is available only in the CEX.IO mobile application. It allows you to sell Bitcoin and other cryptocurrencies instantly in the same way as via Instant buy. With this feature, you need to make only a few clicks to exchange crypto for fiat currency and withdraw this amount to the payment card.
How to buy ZAP with a debit card via the trade orders?
Instant buy includes a card deposit for crypto purchase, so you don’t need to deposit fiat funds separately to use the service. But if you want to buy ZAP using Trade or Exchange services, then first you need to add funds to your balance.
At CEX.IO you can buy and trade ZAP against USD. This currency is available for instant card deposits and withdrawals. If you only have a debit card in your local currency that is not USD, you still can make a card deposit on CEX.IO. Just select USD for your transaction and deposit funds with a payment card issued in another currency. Your funds will be converted to US dollars with your bank rate and then added to your CEX.IO balance. Make sure that your card supports currency conversions and international transactions.
Please note that CEX.IO supports only personal Visa and Mastercard payment cards. Therefore, make sure that you don’t use prepaid, business, or gift cards for transactions.
Frequently asked questions
Where to find the ZAP/USD chart?
If you want to check the ZAP to USD chart and start trading on this market, then you need to go to the Trade page or tap Trade Pro in the CEX.IO app. The first market you’ll find on the Trade page will be BTC to USD. But with an advanced filtration system and search field, you will easily find all available ZAP markets. For ZAP, you can find both crypto-to-crypto and crypto-to-fiat currency pairs on CEX.IO. If you want to get quick access to the ZAP/USD market, you can mark it as your favorite one using the “Star” icon.
When you select the ZAP/USD market, you can see the current market rate, price chart, trading volume, order book, and other useful information to assess the market situation.
How to trade ZAP?
For trading cryptocurrencies, you need to place a buy or sell order on the Trade page. There are two order types you can choose for that — market and limit. A market order is used to buy and sell an asset for the best available price in the order book. This order type has instant execution, meaning it can be canceled. In turn, a limit order can be canceled and allows you to set the price you want to buy or sell with. But its execution may not be instant. In this case, you need to wait until opposite limit orders with the same price appear in the order book or the market price reaches a specified level.
Also, a limit order can be partially executed. In this case, the filled part of the order cannot be reversed, while the remaining one can be canceled anytime until full order execution.
What are the benefits of using the CEX.IO mobile app to buy ZAP?
CEX.IO app is a handy solution to buy and sell cryptocurrencies on the go and get access to your crypto assets anywhere anytime. Besides services that are available on the CEX.IO website, an app also provides an opportunity to use some exclusive features. For example, Exchange service. This option allows you to convert fiat currencies and cryptocurrencies even when there is no direct market available for trading. With the CEX.IO mobile app, you can also enable price alerts to be always informed when crypto prices reach specified levels and set up the orders notifications.
How to withdraw ZAP?
In order to withdraw ZAP using the CEX.IO website, you need to go to the Finance page, click “Withdrawal” next to the ZAP balance, set the amount, and the destination wallet address.
In the case of using the CEX.IO app, you should go to the Wallet tab, select ZAP cryptocurrency, choose “Withdraw”, enter the amount, and the destination wallet address.