Tezos is a blockchain project that supports decentralized applications and smart contracts. The platform governs itself by establishing a true digital commonwealth and facilitates formal verification. Apart from smart contract support, Tezos is a self-evolving blockchain project. The tezos cryptocurrency was created by Kathleen Breitman and Arthur Breitman. Tezos doesn’t have a whitepaper, but it does have a position paper .
Tezos protocol undergoes constant development through on-chain governance. This enables the network to grow over time instead of undergoing radical changes that require a hard fork. All stakeholders can participate in governing the Tezos protocol by voting on proposed changes and upgrades. Tezos also runs the language of its smart contract known as Michelson. To achieve consensus on the network, Tezos XTZ cryptocurrency uses the proof of stake algorithm – which means you can earn more xtz coin by staking tezos coins.
If you want to get started with Tezos, you’d first need to know the best Tezos wallets where you can keep your crypto safe.The native cryptocurrency of Tezos is Tez or a Tezzie (XTZ). It is worth noting that the Tezos blockchain does not support mining. However, the platform enables token holders to receive a reward for taking part in the proof-of-stake consensus mechanism. Tezos also have a Tezos foundation behind it, who are in charge of developing XYZ further.
By press time, the XTZ token was trading at $1.19 with a market cap of $780,815,515. Based on this data, CoinmarketCap ranks Tezos in the 22nd position among digital assets. If you plan to invest in the asset, here is how you can buy it. If you wish to purchase Tezos (XTZ), you need to find an exchange that supports the asset. Before buying Tezos, you need a compatible wallet. Take a look at our review of the best Tezos wallets in 2019.
The best exchanges to buy Tezos (XTZ) – Where to buy Tezos cryptocurrency?
If you had a friend that had invested in tezos or told you about it, don’t fomo in before you do a more indepth review about Tezos XTZ. Buying Tezos is not hard at all, as there are plenty tezos exchanges ( different exchanges who are supporting cryptocurrency XTZ ).The process to buy tezos cryptocurrency is easy, its the same if you’d buy bitcoin, buy iota or any other known cryptocurrency. The tezos XTZ cryptocurrency can be purchased with a credit or debit card as well as a bank transfer. This guide to buying tezos will help you understand more.
First, you need a place to store tezos XTZ – for which we recommend to check the best tezos wallets. The wallets from the article mentioned before are supporting cryptocurrency in general, not just Tezos XTZ. In this guide to buying tezos, we’ll mention a few of the best exchanges that allows you to buy Tezos XTZ. Now let’s see which are the best Tezos exchanges to buy tezos or trade tezos XTZ.
Binance exchange gain advantage in front of its main competitors by having a great support, a lot of contests and a secure trading platform. Unlike Coinbase Pro or Huobi Global, Binance exchange has created an ecosystem, not only a crypto exchange. You can learn more about crypto, trade crypto, stake crypto , keep your crypto on Binance’s Trust Wallet and many more. Tezos XTZ coins are available on Binance too. Besides buying Tezos, you can also stake it and earn more Tezos XTZ coins or trade tezos. We’re going to explain below how to buy tezos or start trading tezos on Binance.
Binance exchange is the best option to buy Tezos XTZ coins. Indeed, its not possible to buy them instantly – but the process of buying Tezos is way easier on Binance. You must first register an account with Binance. The process itself doesn’t take too long. As soon as you’re done, you may notice a ”FIAT” button in the top left side of the screen. There, you have another one called “Buy Crypto” – which you must click. There, you will have a screen where you can put the amount that you want to spend and it what cryptocurrency. Afterwards, you need to purchase bitcoin or ethereum to be able to exchange that for Tezos. And of course, we’re talking about Bitcoin BTC.
After that, you will have 3 options to purchase cryptocurrency – Simplex, Paxful and Koinal which are already integrated with Binance. Clicking on one of them will offer you information about the fees. Afterwards, you need to click ” Buy BTC” or “Buy ETH” button and follow the instruction from the screen.
Binance is the easy way to buy XTZ. Moreover, you can start trading tezos on Binance in less than a few minutes since the purchase. However, we don’t recommend you trading tezos if you don’t have experience in trading. Its better that you understood how to buy tezos and prepare to sell tezos on a profit
Kraken is a San Francisco-based exchange with a relatively large selection of listed crypto assets, fiat trading with multiple currencies, and a good security track record. Additionally, Kraken accepts payments in 5 different fiat currencies – USD, EUR, JPY, GBP, and CAD.
To purchase Tezos on Kraken, you need to create an account and undergo the Know Your Customer (KYC) process before depositing any funds. After the Kraken account is done, you will then undergo the verification process by clicking at the top of the website and select your account name. A drop-down menu will appear from which you select “Get Verified“. Key in the necessary information to complete verification.In the next phase, you will need to deposit funds.
You can deposit the supported fiat currencies by clicking on the Deposit bar. Select the currency you want to deposit and select the SEPA option. You will be shown bank account details, a deposit reference, and other instructions. Initiate a SEPA-transaction from your bank’s website using the given instructions.
Once the money has reflected, click on Trade / New Order and then choose the option you want. You will buy Tezos and Deposit in your wallet. One disadvantage of using Kraken is that you can’t deposit with a credit or debit card.Alternatively, you can buy bitcoin and swap with XTZ.
If you already have bitcoin, you can deposit BTC in Kraken. Go to the navigation bar at the top of the website and click your account name. A drop-down menu will appear from which you select Deposit. You will get an address to deposit Bitcoin. After the Bitcoin reflects in your account, you can initiate a trade to swap with XTZ.
Gate.io is a cryptocurrency exchange with support of over 200 cryptocurrencies with trading fee standing at 0.2%. Here you can also buy bitcoin, buy XRP, buy ethereum and of course, buy tezos XTZ. Gate.io can be considered a trading platform reliable to buy tezos and is in top 20 crypto exchanges according to Coinmarketcap liquidity option.
Note that Gate.io was the second exchange to list Tezos after HitBTC. However, you will first need to have some BTC, USDT, or ETH in your wallet before being able to buy tezos XTZ. The trading platform doesn’t support a wire transfer or the purchase with a credit or debit card, so you need BTC, USDT or ETH before purchasing from it.In order to start buying tezos, you will need to create an account first.
Note that the exchange requires KYC and US customers are not supported. You will then need to search for the Tezos market.The exchange has different trading pairs like XTZ/USD, XTZ/BTC, and XTZ/ETH. Before buying XTZ, you will need to fund your account with cryptocurrencies supported on the exchange. You can deposit Bitcoin on the exchange from the address that will be provided to you.
Your deposit addresses can be found in the wallets section. Once your Bitcoin has reflected on your account, go to market and type in XTZ. Search for your trading pair, for example, XTZ/BTC. You will then execute the trade, and the XTZ tokens will reflect in your account. Remember that to withdraw your XTZ tokens, you need the KYC and enable the two-factor authentication.
BitPanda is a cryptocurrency exchange based in Europe supporting multiple cryptocurrencies, such as Bitcoin and Ethereum. The platform has more than 1 million registered users. On Bitpanda, you can buy Tezos after registering an account.
To sign up, you will need your email address and then verify your account to enjoy BitPanda services. In the next stage, you will need to fund your account. You need to deposit the supported fiat currency- Euro, British Pound, Swiss Franc, and the US Dollar.
The deposit methods available include Wire transfer (SEPA, SWIFT), Credit or debit Card, Klarna, Neteller, and Skrill.In the next phase, you will need to start buying Tezos. Click the “Trade” button to buy Tezos on Bitpanda. You will then click “Buy” and search for the Tezos Wallet.
BitPanda will then ask you to select the fiat currency wallet. Select your preferred fiat currency to proceed. Select the amount of Tezos you want to purchase. You can switch between the input of fiat or the amount of XTZ. You will then be required to finalize your trade. Bitpanda provides you with an overview at the end of the buying process. Check the trade details once again and complete your order. To finalize the trade, click “Buy Now.” Using Bitpanda comes with several advantages, such as automated systems and convenience. Note: check the tezos price before purchasing to be sure you’re not buying the xtz coin at a higher price.
There are an array of options in the market when it comes to buying Tezos cryptocurrencies. Selecting the appropriate method can be challenging. However, with sufficient research, it all becomes smooth. Note that before investing in cryptocurrencies, bear in mind that they are are very volatile and complex. With this in mind, you must research and understand the factors that can potentially impact the price movements of any cryptocurrency before you buy. Always be on the look for news and controversies surrounding the asset before purchasing it. Additionally, look at the tokens potential to grow. Most assets that have the potential for growth are the ones that offer real-world solutions. Buying cryptocurrencies also requires one to have the appropriate wallet. Ensure the wallet you select is secure by looking at the reviews and security record.
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