A Step-by-Step-Guide on how to buy Zilliqa (ZIL)
Step 1 – Signup to CEX.io You will first need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Zilliqa (ZIL) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Zilliqa (ZIL) As soon as your deposit has been verified, you'll immediately have access to your funds and you can begin buying and trading. To buy Zilliqa (ZIL) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Zilliqa (ZIL), you'll need to put the shortname of the coin (ZIL) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we've highlighted this also. Click on “ZIL/BTC” to go on.
Step 4 – Buying Zilliqa (ZIL) Once you've spotted Zilliqa (ZIL), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our own Limit Order. The ”Price” field will be automatically filled with the most recent rate Zilliqa (ZIL) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of ZIL you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of ZIL. When you're happy, click on “Buy ZIL”. Your order will be filled when a Seller trades their ZIL for the price you introduced.
Step 5 – Withdraw Zilliqa (ZIL) Unless you are regularly trading, never keep your coins on an Exchange for an extended period of time. In order to take off your Zilliqa (ZIL), hover over the ”Funds” tab and click on “Withdraw”. Zilliqa (ZIL) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Zilliqa (ZIL) by using the given drop-down box. Drop in the volumen of Zilliqa (ZIL) you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you are happy, click “Submit”. You may be asked for phone/email verification before a take off.