A Step-by-Step-Guide on how to buy Zen Protocol (ZP)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and to get your Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Zen Protocol (ZP) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Zen Protocol (ZP) As soon as your deposit has been affirmed, you will immediately have access to your funds and you can start buying and trading. To invest in Zen Protocol (ZP) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to spot Zen Protocol (ZP), you will need to put the short name of the asset (ZP) into the search-box, which is highlighted in the picture. Make sure you have selected the right grouping, we've highlighted this also. Click on “ZP/BTC” to continue.
Step 4 – Purchase Zen Protocol (ZP) As soon as you've located Zen Protocol (ZP), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our Limit Order. The ”Price” field will be filled automatically with the latest price Zen Protocol (ZP) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of ZP you wish to purchase. The ”Total” field is the total price in BTC that you will pay for the complete amount of ZP. If you're satisfied, click on “Buy ZP”. Your plan will be filled when a Seller trades their ZP for the price you introduced.
Step 5 – Withdraw Zen Protocol (ZP) Unless you're trading, you should never keepyour crypto on an Crypto Trader for an extensive time period. To withdraw your Zen Protocol (ZP), go to the tab called “Funds” and mouse click on “Withdraw”. Zen Protocol (ZP) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Zen Protocol (ZP) by using the given drop-down box. Drop in the amount of Zen Protocol (ZP) you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.