Last update: Jun 6, 2022

How to Buy Firo (FIRO)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Firo. Depending on your country, you’ll have a few trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Firo

How to Buy Firo – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Firo of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger trading platforms.

4. Buy Firo

Now that you have what you need to buy Firo, head over to the market or buy section of the cryptocurrency trading platform and buy some FIRO.

If the crypto exchange doesn’t have any Firo on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Firo first), and trade your Ethereum for Firo.

Where to Buy Firo (FIRO)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Firo

  1. Sign into the cryptocurrency exchange where you bought Firo.
  2. Move your Firo to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Firo.

 

Crypto trading

How to Buy Firo (FIRO) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Firo in Australia, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Firo if it’s available. If the exchange doesn’t have Firo. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Firo), and trade your ETH for Firo.

If you’d like to know more about the exchanges we prefer, read our comparison of the cheapest crypto exchanges in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Firo (FIRO) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Firo in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Firo if it’s available. If the exchange doesn’t have Firo. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Firo), and trade your ETH for Firo.

It’s also possible to check out our comparison of the top exchanges to buy and sell cryptocurrency in Canada for those curious to know more about the exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Firo (FIRO) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Firo in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Firo if it’s available. If the exchange doesn’t have Firo. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Firo), and trade your ETH for Firo.

Or, if you’d like to learn more about the exchanges we like, check our comparison of the UK cryptocurrency exchanges.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Firo? FIRO Rundown

Firo (FIRO), previously known as Zcoin is a cryptocurrency which focuses on privacy and digital cash. Lelantus is a privacy protocol that allows users to burn coins and then redeem them later for new coins with no transaction history.

It was also the first cryptocurrency that coded and launched a practical implementation for Zerocoin. This protocol became one of the most popular privacy protocols, before it was replaced by Sigma and Lelantus in 2019 after cryptographic flaws in Zerocoin were discovered.

Firo's Lelantus privacy protocol, like its predecessor, Sigma relies on a specialized zero knowledge proof called one-out of many proofs. This, unlike other zk constructions does not require a trusted set up or any exotic math/cryptographic assumptions and retains high anonymity sets.

Dandelion++, a method to propagate transactions that prevents third-parties from linking an IP address with a transaction, was deployed in October 2018.

Firo (then Zcoin), a blockchain used by the Thai Democrat Party in its primary election to elect its leader was used in November 2018. It is the first major-scale blockchain-based political election, with more than 127,000 votes being cast across the country.

Firo was rebranded as Zcoin in October 2020.

Firo uses a PoW/Chainlock hybrid consensus system where quorums can be formed by hundreds of masternodes that have been deterministically chosen (LLMQ). They perform a network-wide measurement/vote on the "first-seen rule" and lock the block that has been first-seen. As no reorganizations can be made beyond this point, blocks are considered final after a single confirmation. This helps to mitigate 51% mining attacks, as Chainlocks would require more than half of the masternode network to be disabled before an attack could be mounted.

Firo's mining algorithm uses MTP, which is based on memory hardness to resist ASICs. It is now moving to FiroPOW (a ProgPOW variant specifically designed for GPU mining) to promote fair distribution of its coins.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.