A Step-by-Step-Guide on how to buy Horizen (ZEN)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and receive your Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Horizen (ZEN) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate Horizen (ZEN) As soon as your deposit has been approved, you will immediately have access to your funds and you can initiate invest and trading. To invest in Horizen (ZEN) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find Horizen (ZEN), you will need to put the short name of the asset (ZEN) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “ZEN/BTC” to go on.
Step 4 – Purchasing (ZEN) Horizen Once you have found (ZEN) Horizen, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled with the most recent price (ZEN) Horizen was sold for. You can change this to your desired rate. The ”Amount” field is the amount of ZEN you like to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the complete amount of ZEN. If you're satisfied, click on “Buy ZEN”. Your plan will be filled as soon as a Vendor sells their ZEN for the price you offered.
Step 5 – Withdraw (ZEN) Horizen Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extensive time frame. To withdraw your (ZEN) Horizen, hover over the tab called “Funds” and click on “Withdraw”. (ZEN) Horizen can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (ZEN) Horizen by using the provided drop-down box. Put into the amount of (ZEN) Horizen you'd like to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.