A Step-by-Step-Guide on how to buy Zcash (ZEC)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Zcash (ZEC) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you've chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find Zcash (ZEC) Once your deposit has been confirmed, you'll immediately have access to your funds and you can commence buying and trading. To invest in Zcash (ZEC) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to find Zcash (ZEC), you'll need to insert the cointype (ZEC) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we have marked this too. Click on “ZEC/BTC” to go on.
Step 4 – Purchase Zcash (ZEC) As soon as you've found Zcash (ZEC), you will be given 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 own Limit Order. The ”Price” field will be automatically filled with the recent valuation Zcash (ZEC) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of ZEC you wish to purchase. The ”Total” field is the total price in BTC that you will settle for the complete volumen of ZEC. When you are glad, click on “Buy ZEC”. Your order will be filled when a Seller trades their ZEC for the price you offered.
Step 5 – Withdraw Zcash (ZEC) Unless you're trading, best advise is not to keep your coins on an Crypto Trader for an extended time period. In order to withdraw your Zcash (ZEC), hover over the ”Funds” tab and click on “Withdraw”. Zcash (ZEC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Zcash (ZEC) by using the provided drop-down box. Put into the volumen of Zcash (ZEC) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, click “Submit”. You could be asked for email/phone verification ahead of a withdrawal.