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What is ZEN?

Horizen (previously ZenCash) is famous for their use of the Zero-Knowledge Proof mechanism. This mechanism allows transactions made on the network to be completely private and untraceable. While public transactions are supported, details of private transactions on the network are entirely hidden from public view, including the addresses of the sender and receiver and the transaction amount.

Though private transactions made Horizen and its native ZEN token famous, this is not its only gambit. The Horizen ecosystem also comprises a network of highly efficient sidechains that can handle 10,000 transactions per second (TPS). With multiple blockchains running in parallel that take the load off of the main chain, Horizen boasts the ability to handle an astounding 10 million TPS.

With one of the largest node bases in the blockchain world (over 42,000), and the ability to create cross-chain compatibility with any other chain through its Zendoo protocol, Horizen hosts some of the most sought-after dApps, such as Morpheus Finance, Celsius DeFi and Dash.

Why buy ZEN with OKX?

What can I do after I buy ZEN?

Beyond privacy, Horizen aims to be the leading scalability and interoperability solution for blockchain, both of which have been problems for blockchain. With Horizen's solutions potentially laying the foundations for the future of blockchain and Web3, ZEN may be a viable long-term investment. Holding ZEN and being involved in the Horizen protocol has a number of benefits:

Transact Privately

Horizen is popular for letting people transact with complete privacy, thanks to its use of the Zero-Knowledge Proof mechanism. With your ZEN tokens, you can transact completely anonymously.

ZenChat and ZenPub

Chat with your friends and family via the ZenChat decentralized app (dApp) — which uses AES-256, one of the most secure encryption systems. With end-to-end encryption, only you and the recipient can read messages. Also, you can publish documents anonymously through ZenPub.

ZenNode

Despite using a proof-of-work consensus algorithm, the Horizen network has low computing power requirements for nodes. You can use a moderately powered computer or server to become one and help secure the network. You also earn 10% of the block rewards.

ZenDAO

Horizen is working towards launching its DAO, allowing ZEN token holders to take part in the network's operations and future. The DAO is being introduced in phases to ensure long-term viability.

How to buy Cryptocurrency and store it safely?

Guide on how to buy Horizen (ZEN)

Easy Fiat On-Ramp

OKX is your gateway to all things crypto. With support for multiple funding methods and 90+ fiat currencies, you can easily find one that suits you. From debit/credit cards to bank transfers, we have you covered. If this payment option is not enabled in your region, purchase USDT with your debit/credit card and use our trading page to swap it against ZEN.

Buy USDT from Peer-to-Peer (P2P) Market

Navigate to our escrow-powered P2P trading window and purchase USDT directly from trusted sellers to trade it for ZEN. OKX supports 40 payment methods, including bank transfer, PayPal, Cash App, Revolut and more.

Buy ZEN in OKX Spot Market

Buy ZEN easily in OKX's Spot Trading market. OKX offers the ZEN/USDT and ZEN/BTC trading pairs. If you already own USDT coins, you can transfer them to your OKX account to swap them for ZEN.

Convert Crypto to ZEN

Your crypto pair or funding method is not available? OKX has you covered in such a scenario. OKX Convert offers free, instant, slippage-free swaps for more than 100 different digital assets.

FAQs

Is it safe to buy ZEN on OKX?
At OKX, we use a combination of different cyber security systems that work together to offer top-notch security in the industry. These include 2FA, cold storage and anti-phishing methods, amongst others.
I don't have BTC or ETH. Do I have to have these to buy ZEN?
No, you can use most major cryptocurrencies to buy ZEN. Just head over to our Convert page to see if your cryptocurrency is amongst the 100+ tokens that you can instantly swap for ZEN. All conversions are instant and free, without any slippage.
Is there any fee for buying ZEN?
Yes. While OKX does charge a fee whenever you buy or sell ZEN or any other asset, the amount has been kept minimal so you can spend more on cryptocurrencies and less on fees. We only charge 0.1% per trade and the fees can be reduced with higher trading volume.
How long can I store my ZEN on OKX?
You can keep your tokens for as long as you like on OKX. You can view your assets on OKX at any time by visiting the Assets page.
Is there any restriction on moving my bought ZEN out of OKX?
No. As long as you have enough ZEN in your OKX wallet to pay the transfer fee for the network, you can withdraw your ZEN whenever you want.
What are the most popular cryptocurrencies to invest in today?
Top crypto, based on market capitalization or total circulation value, include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and XRP (XRP).
However, like all other crypto, the above are also featured with volatility and risks. You should do your own research (DYOR) and evaluate your risk appetite before investing in any crypto.
What are the top cryptocurrencies I can buy on OKX now?
OKX provides access to hundreds of crypto and trading pairings. Some of the most popular crypto on OKX include BTC, ETH, USDT, DOGE, SOL and OKB. You can visit our brand-new OKX Crypto Calculator. Select a crypto and a fiat currency to check the estimated real-time price.