A Step-by-Step-Guide on how to buy Zcash (ZEC)
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and getting Funds.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Zcash (ZEC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Zcash (ZEC) As soon as your deposit has been approved, you will instantly have access to your assets and you can initiate invest and trading. To buy Zcash (ZEC) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To find Zcash (ZEC), you will need to put the short name of the asset (ZEC) into the search box, which is marked in the graphic. Be certain of having selected the correct grouping, we have marked this too. Click on “ZEC/BTC” to proceed.
Step 4 – Acquisition of Zcash (ZEC) After you have spotted Zcash (ZEC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our own Limit Order. The ”Price” field will be filled automatically with the recent valuation Zcash (ZEC) was traded for. This can be changed to your preferred rate. The ”Amount” field is the volumen of ZEC you wish to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the whole volumen of ZEC. If you're glad, click on “Buy ZEC”. Your plan will be filled as soon as a Vender sells their ZEC for the price you submitted.
Step 5 – Withdraw Zcash (ZEC) Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time period. To take off your Zcash (ZEC), hover over the tab called “Funds” and click on “Withdraw”. Zcash (ZEC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Zcash (ZEC) by using the given drop-down box. Drop in the volumen of Zcash (ZEC) you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.