A Step-by-Step-Guide on how to buy Zcash (ZEC)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Zcash (ZEC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate Zcash (ZEC) As soon as your deposit has been confirmed, you will instantly have access to your funds and you can initiate buying and trading. To invest in Zcash (ZEC) on Binance, you will want to go to the ”Exchange” tab and mouse click on “Basic”. To spot Zcash (ZEC), you will need to insert the short name of the asset (ZEC) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “ZEC/BTC” to proceed.
Step 4 – Buy Zcash (ZEC) After you have discovered Zcash (ZEC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are making our Limit Order. The ”Price” field will be filled with the latest tariff Zcash (ZEC) was traded for. This can be changed to your preferred price. The ”Amount” field is the volumen of ZEC you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete volumen of ZEC. If you're glad, click on “Buy ZEC”. Your order will be filled when a Vendor trades their ZEC for the price you submitted.
Step 5 – Withdraw Zcash (ZEC) Unless you're regularly trading, best advise is not to keep your coins on an Exchange for an longer period of time. In order to take off your Zcash (ZEC), go to the tab called “Funds” and mouse click on “Withdraw”. Zcash (ZEC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Zcash (ZEC) by using the provided drop-down box. Drop in the quantity of Zcash (ZEC) you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you're happy, click “Submit”. You may be requested for phone/email verification before a withdrawal.