How to Buy Tezos (XTZ) – The Best Exchanges for Trading
Tezos is a new blockchain that uses delegated proof-of-stake to reach consensus. It’s the first major cryptocurrency with an on-chain governance system. This means XTZ holders can vote for upgrades and amendments to the network, without going through a third party.
The buy tezos with credit card is a guide that will help you buy Tezos (XTZ) from the best exchanges.
So you’ve learned about the Tezos platform for dApps and smart contracts, and you want to invest in their token but don’t know where to start. You’ll see that it’s not that different from buying other altcoins. Continue reading for more details and a step-by-step tutorial.
What exactly is Tezos?
To begin with, Tezos is a platform that enables users to manage and change a blockchain’s set of rules while causing little disturbance to the blockchain as a whole. This feature would enable the blockchain to update itself without the need for two distinct blockchains (a process known as forking). To interact with the Tezos blockchain, users must first get and retain Tezos tokens (XTZ).
I’m looking for a place to purchase Tezos.
There are 26 distinct tezos exchanges as of this writing. MXC, Coinbase Pro, BitMax, Kraken, and Oceanex are the top five exchanges in terms of trading volume.
Is it possible to purchase Tezos on Binance?
Binance does not trade Tezos XTZ tokens at the time of writing this article (August 10th, 2019). Click here to see Crypto Market Cap’s complete, up-to-date list of tezos exchanges.
Where can I purchase Tezos XTZ?
After you purchase tezos cryptocurrency, the first step is to create a wallet where you can securely keep your tokens. A variety of software and hardware wallets are available.
Tezbox and Galleon Wallet are two software wallets available for Windows and macOS users. Tezbox has an Android version, and Galleon Wallet is also available for Linux. Tezbox and Kukai both provide a web-based wallet.
Hardware wallets: Both Ledger and Trezor allow XTZ coins for individuals who prefer hardware wallets.
After you’ve set up your wallet, you’ll need to figure out how to purchase Tezos.
How to Buy Tezos: A Step-by-Step Guide
Finding your exchange and trading pair is the first step.
Go to Crypto Market Cap for more information. Type XTZ into the top-right search box on the homepage.
The Tezos token will be described in full on the next page, along with its current price (in USD) and market volume. There will also be a pricing chart. The top ten exchanges that offer tezos, ordered by market volume, are shown on the left, along with a list of blockchain explorers for the coin and social media information. You may then click to view a full list of all exchanges that trade XTZ.
You can view all XTZ trading pairs on each exchange by looking at the complete list of exchanges. Kraken enables trading between Tezos XTZ and Bricktox (XBT), US dollars, Euro, Ethereum (ETH), Bitcoin (BTC), and Canadian Dollars, as seen in the following diagram. If you already have any of these crypto tokens, all you have to do now is transfer them to the exchange where you want to purchase tezos.
Step 2: Tokens are sent to your Tezos exchange.
Let’s pretend I want to purchase tezos cryptocurrency using ether, and I’ve decided to do it via the BitMax exchange, which is the first on the list to provide an XTZ/ETH trading pair. You’ll see that all crypto exchanges operate in the same way.
Log in to BitMax and choose “My Assets” and “Deposit” from the top ribbon.
From the drop-down option, choose ETH.
On this exchange, you will be given your Ethereum wallet address. If you’re using Trust Wallet to store your ether, launch the app, choose “send,” and then scan the QR code to paste the address. Send the amount of ether you wish to deposit to BitMax by typing it in the box below.
Copy your wallet address to your clipboard if your ether is held on another exchange, e-wallet provider, or online wallet. Assume you have ether tokens in your Uphold account for this example. Other e-wallets or crypto exchanges follow a similar process.
Select your ETH card after logging into Uphold. Then choose “Send to Cryptocurrency or Utility Token” from the drop-down menu.
Scroll down the list until you find ETH, then click it to get to a page where you can put your wallet address and the amount of ether you wish to deposit into BitMax. The transfer will take a few minutes to complete once you confirm the transfer. When it happens, you’ll be able to purchase tezos with your ether tokens.
Trading ETH for XTZ is the third step.
It’s now time to purchase tezos cryptocurrency tokens on your preferred cryptocurrency exchange.
Return to BitMax and choose the “Cash” option from the top ribbon. You’ll be sent to a trade page. In this case, we’re looking at the BTMX/USDT pair’s trading page.
Because we’ll be trading ether tokens, go to the left-hand column’s “ETH” tab and enter “xtz” into the search box. When you see the symbol XTZ, click it to get to the relevant trading page.
You may either “Buy XTZ” with your deposited ETH or “Sell XTZ” you may already possess to get additional ETH from this trading website, using the buttons at the bottom.
Transferring your Tezos tokens to your own wallet (Step 4)
BitMax, like other exchanges, does not provide you with the private keys to your wallets. This implies that they are not really owned by the users. Because of this, as well as other security concerns, it is recommended that tokens not be kept in exchange wallets for long periods of time.
To transfer funds from BitMax to your wallet, go to the main page’s top ribbon and choose “My Assets” and “Withdraw.” You’ll be sent to a screen where you may withdraw your funds.
Choose XTZ from the left-hand drop-down menu. Paste the address for your software or hardware tezos wallet on the right, enter the quantity of tezos tokens you want to transfer, paste or type the necessary security codes, and click “Withdraw.” Your tokens will be kept in your own wallet after this is completed.
Purchasing Tezos tokens is a simple procedure that is similar to that of purchasing other cryptocurrencies. Finding a good trading pair on an exchange, moving your current tokens to the proper wallet on that exchange, executing the transaction, and lastly transferring your newly obtained tezos tokens to your personal wallet are all that is required. There are several exchanges and trading pairs to select from, and by following the procedures described here, you’ll be able to engage with the Trezor blockchain in minutes.
If you have any questions, please leave a comment below!
The can i buy tezos on coinbase is a question that has been asked by many people. There are three exchanges that allow buying and selling of Tezos, but Coinbase is not one of them.
Frequently Asked Questions
What exchange can I buy Tezos?
Tezos can be bought on a variety of exchanges, including Binance.