A Step-by-Step-Guide on how to buy Zcash (ZEC)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and to get Ethereum or Bitcoin.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Zcash (ZEC) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate (ZEC) Zcash As soon as your deposit has been confirmed, you will instantly have access to your funds and you can launch buying and trading. To purchase (ZEC) Zcash on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to locate (ZEC) Zcash, you will need to insert the shortname of the coin (ZEC) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “ZEC/BTC” to progress.
Step 4 – Purchasing Zcash (ZEC) Once you've found Zcash (ZEC), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to create our own Limit Order. The ”Price” field will be filled with the most recent rate Zcash (ZEC) was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of ZEC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete quantity of ZEC. When you're happy, click on “Buy ZEC”. Your plan will be filled as soon as a Vender trades their ZEC for the price you introduced.
Step 5 – Withdraw Zcash (ZEC) Unless you are trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your Zcash (ZEC), hover over the ”Funds” tab and mouse click on “Withdraw”. Zcash (ZEC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Zcash (ZEC) by using the given drop-down box. Enter the quantity of Zcash (ZEC) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you are satisfied, click “Submit”. You may be asked for phone/email verification before a withdrawal.