A Step-by-Step-Guide on how to buy CanonChain (CZR)
Step 1 – Signup to Kraken You will first need to buy units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. CanonChain (CZR) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate CanonChain (CZR) As soon as your deposit has been approved, you'll immediately have access to your funds and you can begin buying and trading. To purchase CanonChain (CZR) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To find CanonChain (CZR), you'll need to insert the short name of the asset (CZR) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we've highlighted this too. Click on “CZR/BTC” to go on.
Step 4 – Purchase CanonChain (CZR) Once you have located CanonChain (CZR), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date price CanonChain (CZR) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of CZR you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete amount of CZR. When you're glad, click on “Buy CZR”. Your order will be filled as soon as a Vendor sells their CZR for the price you offered.
Step 5 – Withdraw CanonChain (CZR) Unless you are regularly trading, you should never keepyour crypto on an Crypto Exchange for an extended time frame. To withdraw your CanonChain (CZR), hover over the ”Funds” tab and click on “Withdraw”. CanonChain (CZR) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find CanonChain (CZR) by using the provided drop-down box. Enter the amount of CanonChain (CZR) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.