A Step-by-Step-Guide on how to buy Zel (ZEL)
Step 1 – Signup to Kraken You'll first need to purchase units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Zel (ZEL) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find Zel (ZEL) Once your deposit has been affirmed, you'll instantly have access to your funds and you can launch purchasing and trading. To buy Zel (ZEL) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To locate Zel (ZEL), you'll need to insert the shortname of the coin (ZEL) into the search-box, which is marked in the picture. Be certain of having selected the right pairing, we've marked this also. Click on “ZEL/BTC” to go ahead.
Step 4 – Acquisition of Zel (ZEL) Once you've found Zel (ZEL), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to make our Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Zel (ZEL) was traded for. This can be changed to your preferred price. The ”Amount” field is the quantity of ZEL you wish to buy. The ”Total” field is the total price in Bitcoin that you will settle for the whole quantity of ZEL. If you're satisfied, click on “Buy ZEL”. Your order will be filled when a Vendor trades their ZEL for the price you offered.
Step 5 – Withdraw Zel (ZEL) Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. To take off your Zel (ZEL), go to the ”Funds” tab and mouse click on “Withdraw”. Zel (ZEL) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Zel (ZEL) by using the given drop-down box. Drop in the quantity of Zel (ZEL) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.
Congratulations! You've successfully purchased and stored Zel (ZEL).That's it! Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (ZEL) Zel is safe in your wallet, you're all done.
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