A Step-by-Step-Guide on how to buy Tezos (XTZ)
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and getting Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Tezos (XTZ) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find Tezos (XTZ) Once your deposit has been verified, you'll directly have access to your funds and you can launch invest and trading. To invest in Tezos (XTZ) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. In order to locate Tezos (XTZ), you will need to put the shortname of the coin (XTZ) into the search box, which is highlighted in the picture. Make sure you have choosen the right grouping, we've highlighted this also. Click on “XTZ/BTC” to progress.
Step 4 – Buying Tezos (XTZ) Once you have discovered Tezos (XTZ), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most recent valuation Tezos (XTZ) was traded for. This can be changed to your preferred rate. The ”Amount” field is the amount of XTZ you want to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the complete volumen of XTZ. When you are happy, click on “Buy XTZ”. Your plan will be filled as soon as a Vender sells their XTZ for the price you introduced.
Step 5 – Withdraw Tezos (XTZ) Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time frame. To withdraw your Tezos (XTZ), go to the ”Funds” tab and click on “Withdraw”. Tezos (XTZ) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Tezos (XTZ) by using the provided drop-down box. Enter the volumen of Tezos (XTZ) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, click on “Submit”. You could be requested for verfication via email/phone before a take off.