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Ziglu Review – How to use the Ziglu App to invest
Cryptocurrency trading is all the rage now. According to the Financial Conduct Authority, over 2.3 million UK adults hold crypto-assets such as Bitcoin and Ethereum. This figure represents a rise of 400,000 compared to 2020. Research by Interactive Investor revealed that 45% of new investors were 18 to 29 years old, and they made their maiden investments in cryptocurrencies in June 2021.
Investing in cryptos is extremely profitable but risky. To avoid losing your hard-earned money, you need the right tool. Enter Ziglu, the fastest way to buy and sell crypto assets.
Want to learn more about Ziglu? Keep reading!
What is Ziglu?
Ziglu is a cryptocurrency trading app that allows you to buy and sell crypto assets from the comfort of your home or on the go. Available for Android and iOS devices, Ziglu allows you to buy from £1 of cryptos such as Bitcoin, Ethereum, Cardano, and much more.
Founded by Mark Hipperson, it offers the cheapest way to invest in cryptocurrencies. Mark is a former co-founder and CTO of Starling bank. The app finds the best price for you with no hidden margins or spreads. Whether you’re buying £1 or £10,000 fworth of cryptos, the app will charge you a single exchange fee of 1.25%.
Your crypto assets and funds are safe against cyberattacks. This is because Ziglu uses bank-grade security encryption. Besides investing in cryptos, you can earn interest thanks to Ziglu’s Sterling Boost and Bitcoin Boost accounts.
These game-changing services allow you to earn up to 5% interest. Interest is usually paid weekly – every Saturday morning. There are no penalties, and you can withdraw your funds instantly.
How to Invest in Crypto with Ziglu
- Driving License (full or provisional)
- National Identity Card
- Residency Permit
Registering for an account and getting verified takes less than 5 minutes. You should have an account and sort number if verification is successful. If the team at Ziglu cannot complete the checks in five minutes, you’ll receive an email within 24 hours letting you know the steps to take.
Ziglu currently supports GBP. Once you sign in, deposit funds into your Ziglu account with a UK bank transfer. Within an hour, you should see the funds in your account.
Once funds are available in your Ziglu account, it’s easy to invest in cryptocurrencies. The app allows you to invest in the following cryptos:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Tezos (XTZ)
- Cardano (ADA)
- Chainlink (LINK)
In five simple taps, you can invest in one or more cryptocurrencies from the comfort of your home or on the go.
How to Earn Money With Ziglu
With Ziglu’s ground-breaking Boost accounts – Sterling and Bitcoin, earn interest up to 5%. When you move funds to your Sterling Boost account, Ziglu converts it into a sterling stablecoin called TrueGBP. Its value is usually tied to the value of sterling.
Ziglu borrows the TrueGBP from you and lends to institutional investors such as hedge funds. By lending the TrueGBP, it generates a return that Ziglu passes back to you at an annual percentage rate of 5%. With Bitcoin Boost, you can transfer some of your Bitcoin into your Bitcoin Boost account or exchange for £GBP.
Since the value of bitcoin quickly changes, Ziglu calculates your interest every second of every day. It then pays into your Bitcoin Boost account every Saturday morning. The bitcoin in your Bitcoin Boost account has a similar value to other bitcoins you hold.
How to Send Money With Ziglu
You can send money from Ziglu to friends who use Ziglu or to another bank account. To send money to a bank account, follow these steps:
- Select the ‘Green exchange’ icon
- Tap ‘Send’
- Select ‘A bank account’ (where to send the money)
Ziglu allows you to add a new account or select from the previous account you sent money to. Enter the amount you wish to send, then tap ‘Preview’ Confirm the details are correct, then tap ‘Send Money’.
To send money to your friends follow these steps:
- Tap the ‘Green exchange’ icon
- Select ‘Send’
- Select ‘A Ziglu friend’
- Tap the name of the person you want to send money to
Enter the amount to send and tap ‘Preview’ Confirm the details are correct, then tap ‘Send Money’.
Ziglu Debit Credit
Use Ziglu’s glow-in-dark pink debit wherever Mastercard is accepted. When you use the Mastercard, Ziglu gives you the best exchange rate and takes no fees. As a cardholder, you’ll receive notifications when you spend and swipe for payments. Using your Ziglu app, you can block your debit card or freeze it with one tap.
Ping cryptos and cash to family and friends instantly and for free. When eating out at a restaurant, you can pay with Ziglu’s debit card and even split the bill. Since Ziglu is FCA regulated and UK-based, your funds are always safeguarded.
Ziglu is an amazing app with competitive fees. Available to UK residents, it supports seven cryptocurrencies and is growing. You can invest in Bitcoin, Bitcoin Cash, Litecoin, and others at the best market prices.
Earn interest with Ziglu’s Boost accounts which they pay to your account every Saturday morning. The Ziglu debit card is just a normal debit card that connects to your Ziglu GBP balance. Unlike some debit cards, it does not give you cash back, but you can spend it in-store and online.
If you’re looking for an easy to use app for investing in cryptos, we recommend Ziglu.