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 (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Zilliqa (ZIL) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find Zilliqa (ZIL) As soon as your deposit has been approved, you will directly have access to your finances and you can commence purchasing and trading. To invest in Zilliqa (ZIL) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To find Zilliqa (ZIL), you will need to put the cointype (ZIL) into the search-box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've highlighted this also. Click on “ZIL/BTC” to go on.
Step 4 – Buying Zilliqa (ZIL) After you have found Zilliqa (ZIL), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our Limit Order. The ”Price” field will be filled with the up-to-date valuation Zilliqa (ZIL) was traded for. This can be changed to your desired price. The ”Amount” field is the amount of ZIL you wish to purchase. The ”Total” field is the total price in BTC that you will settle for the whole amount of ZIL. If you are happy, make a mouse click on “Buy ZIL”. Your order will be filled when a Seller trades their ZIL for the price you submitted.
Step 5 – Withdraw Zilliqa (ZIL) Unless you're trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time period. In order to take off your Zilliqa (ZIL), hover over the tab called “Funds” and click on “Withdraw”. Zilliqa (ZIL) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Zilliqa (ZIL) by using the provided drop-down box. Enter the amount of Zilliqa (ZIL) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.