How to buy ZEN coins on mobile phones? Nanny-level entry guide to buying ZEN coins on exchange APP

To buy ZEN coins, select a reputable exchange, create an account, fund it, locate the ZEN trading pair, place a limit or market order, then store your coins securely.

Oct 03, 2024 at 03:35 am

How to Buy ZEN Coins on Mobile Phones: A Step-by-Step Guide for Beginners

ZEN is a privacy-focused cryptocurrency that has gained popularity in recent years. If you're new to the cryptocurrency market and want to buy ZEN coins, here's a simple step-by-step guide to help you get started.

Step 1: Choose a Reputable Cryptocurrency Exchange

The first step is to select a reputable cryptocurrency exchange that supports the purchase of ZEN coins. Some of the popular exchanges include:

• Binance
• KuCoin
• Gate.io
• Huobi Global
• OKX

Step 2: Create an Account

Once you've chosen an exchange, you'll need to create an account. This typically involves providing your personal information, such as your name, email address, and phone number. You may also need to verify your identity by submitting a government-issued ID.

Step 3: Fund Your Account

Before you can buy ZEN coins, you'll need to fund your account with fiat currency or another cryptocurrency. Most exchanges allow you to deposit funds via bank transfer, credit/debit card, or stablecoins.

Step 4: Find the ZEN Trading Pair

Once your account is funded, you need to find the ZEN trading pair. For example, if you're depositing Bitcoin (BTC), you would look for the BTC/ZEN trading pair.

Step 5: Place a Buy Order

Enter the amount of ZEN coins you wish to purchase and specify the type of order you want to place. There are two main types of orders:

• Limit Order: Allows you to specify the maximum price you're willing to pay.
• Market Order: Executes your order immediately at the current market price.

Step 6: Complete the Purchase

Once you've placed your order, the exchange will process it and you will receive the purchased ZEN coins in your account.

Step 7: Store Your ZEN Coins

After purchasing ZEN coins, it's important to store them securely. You can either use the exchange's wallet or transfer them to a hardware wallet for additional security.

Additional Tips:

• Before making a purchase, familiarize yourself with the exchange's fees and trading limits.
• Consider using a stop-loss order to limit potential losses in case the price of ZEN drops suddenly.
• Monitor the crypto market closely to make informed decisions about buying and selling ZEN coins.