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 ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Zilliqa (ZIL) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Zilliqa (ZIL) Once your deposit has been confirmed, you will directly have access to your finances and you can start invest and trading. To purchase Zilliqa (ZIL) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To discover Zilliqa (ZIL), you'll need to insert the cointype (ZIL) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we've highlighted this also. Click on “ZIL/BTC” to go ahead.
Step 4 – Buy Zilliqa (ZIL) After you have discovered Zilliqa (ZIL), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our own Limit Order. The ”Price” field will be automatically filled with the most recent rate Zilliqa (ZIL) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of ZIL you want to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete quantity of ZIL. If you're satisfied, make a mouse click on “Buy ZIL”. Your order will be filled as soon as a Vender sells their ZIL for the price you introduced.
Step 5 – Withdraw Zilliqa (ZIL) Unless you're regularly trading, you should never keepyour coins on an Crypto Trader for an extended time period. To take off your Zilliqa (ZIL), hover over the ”Funds” tab and mouse click on “Withdraw”. Zilliqa (ZIL) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Zilliqa (ZIL) by using the provided drop-down box. Drop in the quantity of Zilliqa (ZIL) you would wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You may be asked for phone/email verification ahead of a withdrawal.