A Step-by-Step-Guide on how to buy Zcash (ZEC)
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and to get your first 10$.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Zcash (ZEC) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (ZEC) Zcash As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can begin buying and trading. To invest in (ZEC) Zcash on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To discover (ZEC) Zcash, you'll need to put the cointype (ZEC) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we've marked this too. Click on “ZEC/BTC” to progress.
Step 4 – Purchasing Zcash (ZEC) After you've located Zcash (ZEC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest price Zcash (ZEC) was sold for. This can be changed to your preferred price. The ”Amount” field is the amount of ZEC you wish to purchase. The ”Total” field is the whole price in BTC that you will pay for the whole amount of ZEC. If you are glad, click on “Buy ZEC”. Your plan will be filled as soon as a Seller trades their ZEC for the price you submitted.
Step 5 – Withdraw Zcash (ZEC) Unless you're frequently trading, never keep your crypto coins on an Exchange for an extensive time period. To withdraw your Zcash (ZEC), hover over the ”Funds” tab and click on “Withdraw”. Zcash (ZEC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Zcash (ZEC) by using the provided drop-down box. Enter the amount of Zcash (ZEC) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.