If you have any interest to buy EZChain (EZC), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
1.2 Fill in your trading details
1.3 Allow 2FA-Two-factor authentication (Optional)
Step 2: Buying your first Bitcoin (BTC)
I highly recommend buying Bitcoin first and then trading it for the right amount of EZChain (EZC).
Step 3: Transferring Your Cryptos to an Altcoin Exchange Huobi
Now let me show you how to EZChain (EZC) using your investment from Binance.
But not every crypto can be traded in Binance we need to transfer our coins to an exchange that EZChain (EZC) can be traded.
I will show you how to use Huobi which is a famous exchange to trade altcoins. We will use the link below to register your new account.
Once you have completed similar processes as you have done before with Binance you are ready to transfer our Bitcoins.
Step 4: Depositing BTC to Exchange
After you have created your trading account setup at one of the exchanges that trades EZChain (EZC), you will need to transfer your BTC from Binance to that specific exchange.
Usually done through a wallet system. to huobi deposit move your mouse over to “Balances” on the top right and click “Exchange Account”. Look for “BTC” from Token section and copy the given “Deposit Address”
To do this part may be a little difficult but don’t worry, it is easier than a bank transfer. Then copy your unique BTC wallet address and go back to Binance.
You have to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. Type down the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
Next, click on the Submit button to begin with the withdrawal process. To proceed with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That’s all, now you should wait for a while so that the blockchain to confirm your transaction.
Step 5: Trade EZChain (EZC)
Now you have to go back to Huobi to buy EZChain (EZC) with the Bitcoins you sent.
Move your mouse over “Spot Trading” and click “Exchange” then you will see trading menu. Look for huobi trade in the left column make sure to select “BTC” pair and in the search bar type in “EZC”.
After you move your coin click on it and now you will see a price chart of EZC/BTC in the middle of the page. Select the “Market” tab as that is the Easiest way of buying orders.
Also, you can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
Once you have confirmed everything, click “Buy EZC”. Now you own your EZC!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever EZChain gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store EZChain securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your EZChain for some long time, you need to find ways to ensure it stays safe safe,
Frequently Asked Questions
Is it possible to buy EZChain with cash?
The answer is No. Because there is no way you can directly buy EZChain with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
What are the quickest ways I can buy EZChain while living in Europe?
Can I use alternative platforms to purchase EZChain or Bitcoin with credit cards?
- EZC is the native token of EZChain. It’s a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on EZChain. 1 nEZC is equal to 0.000000001 EZC.
- EZChain Consensus Protocol:
Protocols in the EZChain family operate through repeated sub-sampled voting. When a validator is determining whether a transaction should be accepted or rejected, it asks a small, random subset of validators whether they think the transaction should be accepted or rejected. If the queried validator thinks the transaction is invalid, has already rejected the transaction, or prefers a conflicting transaction, it replies that it thinks the transaction should be rejected. Otherwise, it replies that it thinks the transaction should be accepted.
- Snowman Consensus Protocol
Snowman is a chain-optimized consensus protocol–high-throughput, totally-ordered, and great for smart contracts. Snowman is powered by the EZChain consensus protocol. Both P-Chain and C-Chain implement the Snowman consensus protocol.
Uses a novel consensus protocol, developed by a team of Cornell computer scientists, and is able to permanently confirm transactions in under 1 second.
Capable of 4,500 transactions per second–an order of magnitude greater than existing blockchains.
Ensures stronger security guarantees well-above the 51% standard of other networks.
Easily create custom blockchains and decentralized apps that contain almost any arbitrary logic.
Uses energy-efficient proof-of-stake consensus algorithm rather than proof-of-work.
Smart Contract Support
Supports the creation of Solidity smart contracts and your favorite Ethereum tools like Remix, Metamask, Truffle, and more.
Private and Public Blockchains
Create your own public or private blockchains.
Designed for Finance
Native support for easily creating and trading digital smart assets with complex, custom rulesets.