After a short while you should be able to see your ZOO balance on your MetaMask Wallet. Now you are ready to deposit your BNB to your wallet, head over to PancakeSwap, click “Connect” at the top and choose MetaMask. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
2) Next enter your email address in the get started box. Please MAKE SURE that the email address you enter is one you have access to and is your most secure email as this is how you will always sign in to your Coinbase account. Although Coinbase has both iOS (iPhone) and Android apps, I have found the easiest way to setup your exchange account with them is to use their website. If you want to learn how to buy more cryptocurrencies, here is our library of guides on how to buy cryptocurrency with USD. You’ve purchased CryptoZoo (ZOO) using USD with the help of another crypto exchange. Coinbase assumes that you are signing up for an Individual investment account so the next part of the sign up process deals with verifying your identity.
- Is also a very easy to use platform for buying Bitcoin with credit cards.
- Click on Connect Wallet if you haven’t done so already.
- You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
- Most importantly, MXC is ON TOP of the Decentralised Finance (DeFi) wave and constantly adding support for DeFi coins.
- If you are still uncomfortable with using a DEX just yet, check if ZOO is available on any other traditional centralised exchanges on the tab above.
However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges. Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe.
Step Three: Use your Bitcoin or Ethereum investment to purchase CryptoZoo (ZOO)
However, with very few details about CryptoZoo released, it is very hard to assess the project’s viability in either direction. As many other meme coins and NFT projects, ZOO launched on the Binance Smart Chain (BSC), since it offers low fees and fast transaction times. ⚠️ Make sure you send them to a BSC wallet address, not Ethereum. If you are interested in crypto mining at home, I wrote up my story on How I started mining Bitcoin at home in 2021 which details out various easy to set up at home crypto mining rigs. We’ve also created a directory of all of our crypto buying guides. If you purchased Ethereum (ETH) at Coinbase, you are going to want to look for the ZOO/ETH investment.
ZOO has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. As each exchange has their own way of setting up a trading account, I will have to skip that portion of this guide but the majority of the exchange (like first affiliate) have a similarly easy setup process like Coinbase. Plus since your funding will be doing using the Bitcoin or Ethereum your’ve already purchased, the setup should take less time.
Now you play a short waiting game as your transfer has to go through the cryptocurrency ecosystem and be confirmed multiple times. There is nothing on your end to do except wait for this to happen. Depending on the day this could take 5 minutes or even up to a few hours. Right now you can buy CryptoZoo (ZOO) at a good number of cryptocurrency exchanges including PancakeSwap (v2) (2). 3) Then Coinbase will ask you to select if you are an INDIVIDUAL or BUSINESS.
Step One: Setup your Coinbase account
All you need to do is trade into the specific currency. After your transfer of your crypto from Coinbase to your exchange’s wallet is confirmed, you’ll want to initiate a trade of that specific cryptocurrency for CryptoZoo (ZOO). When funding using a bank account you’ll have more purchasing (buying) power than a credit card. We’ve found using a credit card is the fastest way to fund your account, however you will have a lower deposit limit.
In the next screen, confirm the transaction once more by clicking Confirm Swap. Now MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB, click Confirm. Wait for the confirmation screen until it shows “Transaction Submitted”, congratulations!
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase.
They are currently no. 7 in terms of the most supported cryptocurrencies compared to other spot trading exchanges according to Coingecko. Most importantly, MXC is ON TOP of the Decentralised Finance (DeFi) wave and constantly adding support for DeFi coins. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Step Four: Make your first purchase of CryptoZoo (ZOO)
Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn’t take more than 15 minutes to finish. At the exchange where you are wanting to purchase CryptoZoo (ZOO) you will need to get your account’s BTC or ETH wallet ID. On most exchanges you’ll see a DEPOSIT button next to either BTC or ETH. When you click on it you should see (or be given a button to click to create) your wallet ID. Realize you don’t have to purchase a full coin, rather you will be investing a portion of a coin.
As ZOO is currently listed on PancakeSwap we will guide you through how to convert your BTC on the platform. Although if managed properly it is in fact more secure to store your assets in your own private wallet than on exchange wallets. If you are still uncomfortable with using a DEX just yet, check if ZOO is available on any other traditional centralised exchanges on the tab above. Because of the very nature of the wallets in exchanges, they will be always online(“Hot Wallets” as we call them), therefore exposing certain aspects of vulnerabilities. A paper wallet is a type of free cold wallet, it’s basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
How much is $ZOO token right now?
The same goes for a “Penguinshark,” while a “Pandacat” is apparently even rarer, since its announced as Legendary, yielding 47,000 ZOO a day. It seems like players will also be able to create their own hybrids, although that is so far unconfirmed. Let me reiterate, I am not a licensed professional so I can’t give you any investment advice on how to handle the next step. Don’t worry, I’ve been using Coinbase for a while and they have NEVER spammed me. They seriously just use this as a way to add another layer of security to your account.
Now that you have $ZOO tokens, it’s time to buy eggs or animals. Now you should be ready to make your first purchase of Bitcoin or Ethereum that you will then use to buy CryptoZoo (ZOO). Now click on the “Trade” button next to the coin and you’ll see a box similar the the one below. In the United States we are given the option to fund our Coinbase account with either a Credit Card or Bank Account. It might take a few minutes to process and validate your identity, but once the process is complete you are ready to fund your Coinbase account. Coinbase will ask you for your full legal name, address, date of birth, and a few other personal questions.
BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so. CryptoZoo already has been able to rack up already 5,000 holders. Judging from the Twitter content, there will be hybrids of different animals with different rarity levels and yields. For instance, the account teases a “Litten,” a mix of a lion and a kitten with an apparent rarity level of Super Rare that yields 18,000 ZOO a day.
Step 3: Transfer BTC to an Altcoin Exchange
As with any investment, you should assess your risk tolerance and only invest what you can afford to lose. You should see your ZOO tokens in the TrustWallet app. Tap the “Connect” button on the top-right corner and hit “Trust Wallet.” You should see that your Smart Chain tokens are now in PancakeSwap. Alternatively you can create your own wallet, here we will use MetaMask as an example to show you how to set up your wallet. You can see the price of $ZOO token in real time on PooCoin.
How To Buy $ZOO Tokens – Step By Step
Now it’s time to purchase CryptoZoo (ZOO) using your investment from Coinbase. Once you’ve completed that portion, the next step will be a photo verification. Since we are discussing how to purchase [coin] [symbol] using US Dollar, we are assuming you are a US resident. If that’s the case you can either upload your Driver’s License, State ID card, or passport to verify your identity. If you already have a Coinbase account, skip to step two.
Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. Is after all a good place to go to buy Bitcoins when you can’t find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed. Also if you are interested in investing in other cryptocurrencies you more than likely can do that at the exchange you used to invest in CryptoZoo (ZOO). If not, just follow the same steps as before except skipping the whole setting up a Coinbase account since you already took care of that.
Tap “100%” to transfer 100% of your BNB to Smart Chain. Tap “Swap,” hit “Submit” and wait for the conversion to process. (Keep in mind that there is a network fee; you’ll have to subtract the network fee from your BNB balance for the exchange to go through). Click on Connect Wallet if you haven’t done so already.
