A Step-by-Step-Guide on how to buy Horizen (ZEN)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and receive Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Horizen (ZEN) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Horizen (ZEN) As soon as your deposit has been verified, you'll now have access to your assets and you can commence invest and trading. To purchase Horizen (ZEN) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To spot Horizen (ZEN), you'll need to put the cointype (ZEN) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we've highlighted this too. Click on “ZEN/BTC” to go on.
Step 4 – Purchase Horizen (ZEN) Once you have spotted Horizen (ZEN), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our Limit Order. The ”Price” field will be filled automatically with the up-to-date rate Horizen (ZEN) was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of ZEN you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of ZEN. If you are satisfied, make a mouse click on “Buy ZEN”. Your order will be filled when a Seller trades their ZEN for the price you introduced.
Step 5 – Withdraw Horizen (ZEN) Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extended time frame. To take off your Horizen (ZEN), hover over the ”Funds” tab and mouse click on “Withdraw”. Horizen (ZEN) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Horizen (ZEN) by using the given drop-down box. Put into the amount of Horizen (ZEN) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.