A Step-by-Step-Guide on how to buy Chiliz (CHZ)
Step 1 – Join Kraken You will first need to buy one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Chiliz (CHZ) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've selected the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find Chiliz (CHZ) As soon as your deposit has been confirmed, you will immediately have access to your assets and you can begin buying and trading. To buy Chiliz (CHZ) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate Chiliz (CHZ), you will need to put the cointype (CHZ) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “CHZ/BTC” to continue.
Step 4 – Buy Chiliz (CHZ) Once you've discovered Chiliz (CHZ), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation Chiliz (CHZ) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of CHZ you want to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the whole amount of CHZ. When you are glad, click on “Buy CHZ”. Your plan will be filled as soon as a Vendor sells their CHZ for the price you offered.
Step 5 – Withdraw Chiliz (CHZ) Unless you are regularly trading, never keep your crypto coins on an Exchange for an longer time frame. In order to withdraw your Chiliz (CHZ), hover over the ”Funds” tab and mouse click on “Withdraw”. Chiliz (CHZ) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Chiliz (CHZ) by using the provided drop-down box. Drop in the amount of Chiliz (CHZ) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.