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 – Transmit Your Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum has 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're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Zel (ZEL) Once your deposit has been verified, you'll instantly have access to your funds and you can launch buying and trading. To invest in Zel (ZEL) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To find Zel (ZEL), you will need to insert the shortname of the coin (ZEL) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we have marked this too. Click on “ZEL/BTC” to progress.
Step 4 – Purchase Zel (ZEL) As soon as you have located Zel (ZEL), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to create our own Limit Order. The ”Price” field will be filled automatically with the most recent rate Zel (ZEL) was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of ZEL you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole volumen of ZEL. If you are happy, click on “Buy ZEL”. Your order will be filled as soon as a Vendor sells their ZEL for the price you gave.
Step 5 – Withdraw Zel (ZEL) Unless you are frequently trading, never keep your coins on an Crypto Trader for an extended period of time. In order to withdraw 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 provided drop-down box. Enter the amount of Zel (ZEL) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.