A Step-by-Step-Guide on how to buy BitZeny (ZNY)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and to get your first 10$.
Step 2 – Send Your Funds to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. BitZeny (ZNY) 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 Exchange? (Just follow this how-to) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate BitZeny (ZNY) Once your deposit has been approved, you will now have access to your assets and you can initiate buying and trading. To buy BitZeny (ZNY) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find BitZeny (ZNY), you will need to put the shortname of the coin (ZNY) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have highlighted this too. Click on “ZNY/BTC” to advance.
Step 4 – Purchasing (ZNY) BitZeny After you've found (ZNY) BitZeny, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date valuation (ZNY) BitZeny was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of ZNY you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of ZNY. When you are glad, make a mouse click on “Buy ZNY”. Your order will be filled as soon as a Vendor sells their ZNY for the price you submitted.
Step 5 – Withdraw BitZeny (ZNY) Unless you're frequently trading, never keep your coins on an Exchange for an extensive time period. To withdraw your BitZeny (ZNY), go to the ”Funds” tab and click on “Withdraw”. BitZeny (ZNY) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find BitZeny (ZNY) by using the given drop-down box. Put into the amount of BitZeny (ZNY) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.