A Step-by-Step-Guide on how to buy Zcash (ZEC)
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and to get your welcome $10.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Zcash (ZEC) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate (ZEC) Zcash As soon as your deposit has been confirmed, you will immediately have access to your funds and you can initiate purchasing and trading. To invest in (ZEC) Zcash on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to locate (ZEC) Zcash, you will need to insert the cointype (ZEC) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “ZEC/BTC” to proceed.
Step 4 – Buying (ZEC) Zcash Once you've spotted (ZEC) Zcash, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our Limit Order. The field with the “Price” tag will be filled with the recent rate (ZEC) Zcash was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of ZEC you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the complete quantity of ZEC. When you're happy, make a mouse click on “Buy ZEC”. Your plan will be filled as soon as a Vendor trades their ZEC for the price you gave.
Step 5 – Withdraw (ZEC) Zcash Unless you're frequently trading, best advise is not to keep coins on an Crypto Trader for an extensive time frame. In order to withdraw your (ZEC) Zcash, hover over the ”Funds” tab and mouse click on “Withdraw”. (ZEC) Zcash can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (ZEC) Zcash by using the given drop-down box. Enter the amount of (ZEC) Zcash you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.