A Step-by-Step-Guide on how to buy bitzec (BZC)
Step 1 – Signup to Kraken You will first need to buy units of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Funds to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. bitzec (BZC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find bitzec (BZC) Once your deposit has been verified, you'll directly have access to your finances and you can commence buying and trading. To invest in bitzec (BZC) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to find bitzec (BZC), you'll need to put the cointype (BZC) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we have marked this also. Click on “BZC/BTC” to proceed.
Step 4 – Acquisition of bitzec (BZC) As soon as you have spotted bitzec (BZC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation bitzec (BZC) was traded for. You can change this to your favoured rate. The ”Amount” field is the amount of BZC you like to buy. The ”Total” field is the aggregated price in BTC that you will pay for the complete amount of BZC. If you're satisfied, click on “Buy BZC”. Your order will be filled as soon as a Vendor sells their BZC for the price you submitted.
Step 5 – Withdraw bitzec (BZC) Unless you're trading, never keep your coins on an Exchange for an extended time frame. To take off your bitzec (BZC), hover over the tab called “Funds” and click on “Withdraw”. bitzec (BZC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find bitzec (BZC) by using the given drop-down box. Enter the quantity of bitzec (BZC) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.