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 – Transfer Your Funds to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Horizen (ZEN) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Horizen (ZEN) As soon as your deposit has been approved, you'll instantly have access to your finances and you can launch buying and trading. To buy Horizen (ZEN) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to find Horizen (ZEN), you will need to put the short name of the asset (ZEN) into the search-box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “ZEN/BTC” to progress.
Step 4 – Buy Horizen (ZEN) Once you have located Horizen (ZEN), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are going to create our own Limit Order. The ”Price” field will be filled with the most latest valuation Horizen (ZEN) was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of ZEN you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole volumen of ZEN. When you're happy, click on “Buy ZEN”. Your plan will be filled when a Vendor sells their ZEN for the price you submitted.
Step 5 – Withdraw Horizen (ZEN) Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order to take off your Horizen (ZEN), go to the tab called “Funds” and mouse click on “Withdraw”. Horizen (ZEN) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Horizen (ZEN) by using the provided drop-down box. Drop in the volumen of Horizen (ZEN) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you are happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.