A Step-by-Step-Guide on how to buy Zilliqa (ZIL)
Step 1 – Join Kraken You'll first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and to get Funds.
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. All exchanges have a deposit form that is similar. Zilliqa (ZIL) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Zilliqa (ZIL) As soon as your deposit has been approved, you'll directly have access to your assets and you can launch purchasing and trading. To purchase Zilliqa (ZIL) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To find Zilliqa (ZIL), you will need to put the shortname of the coin (ZIL) into the search box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we have marked this too. Click on “ZIL/BTC” to proceed.
Step 4 – Buying Zilliqa (ZIL) After you've spotted Zilliqa (ZIL), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're making our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date price Zilliqa (ZIL) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of ZIL you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole quantity of ZIL. If you're happy, make a mouse click on “Buy ZIL”. Your plan will be filled when a Vendor sells their ZIL for the price you submitted.
Step 5 – Withdraw Zilliqa (ZIL) Unless you are regularly trading, never keep your coins on an Exchange for an longer time frame. To withdraw your Zilliqa (ZIL), hover over the tab called “Funds” and click on “Withdraw”. Zilliqa (ZIL) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Zilliqa (ZIL) by using the provided drop-down box. Enter the volumen of Zilliqa (ZIL) you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.