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 (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Zel (ZEL) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Zel (ZEL) Once your deposit has been approved, you'll directly have access to your assets and you can start invest and trading. To invest in Zel (ZEL) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot Zel (ZEL), you will need to insert the cointype (ZEL) into the search-box, which is marked in the picture. Make sure you have selected the right grouping, we've highlighted this too. Click on “ZEL/BTC” to go ahead.
Step 4 – Acquisition of Zel (ZEL) As soon as you have located Zel (ZEL), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are creating our own Limit Order. The ”Price” field will be automatically filled with the most recent valuation Zel (ZEL) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of ZEL you like to buy. The ”Total” field is the aggregated price in BTC that you will settle for the complete quantity of ZEL. When you are satisfied, click on “Buy ZEL”. Your order will be filled as soon as a Vendor trades their ZEL for the price you submitted.
Step 5 – Withdraw Zel (ZEL) Unless you're frequently trading, you should never keepyour crypto on an Crypto Exchange for an longer period of time. In order to withdraw your Zel (ZEL), hover over the tab called “Funds” and click on “Withdraw”. Zel (ZEL) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Zel (ZEL) by using the provided drop-down box. Drop in the volumen of Zel (ZEL) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you are glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a take off.