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 Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Tezos (XTZ) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Tezos (XTZ) Once your deposit has been confirmed, you will immediately have access to your funds and you can initiate invest and trading. To purchase Tezos (XTZ) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To discover Tezos (XTZ), you will need to insert the short name of the asset (XTZ) into the search-box, which is marked in the image. Be certain of having choosen the proper pairing, we've marked this too. Click on “XTZ/BTC” to go ahead.
Step 4 – Purchase Tezos (XTZ) Once you have spotted Tezos (XTZ), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our Limit Order. The field with the “Price” tag will be filled automatically with the recent price Tezos (XTZ) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of XTZ you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of XTZ. When you are happy, make a mouse click on “Buy XTZ”. Your plan will be filled as soon as a Vender sells their XTZ for the price you submitted.
Step 5 – Withdraw Tezos (XTZ) Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your Tezos (XTZ), go to the tab called “Funds” and mouse click on “Withdraw”. Tezos (XTZ) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Tezos (XTZ) by using the given drop-down box. Drop in the amount of Tezos (XTZ) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. When you are happy, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.