A Step-by-Step-Guide on how to buy Tezos (XTZ)
Step 1 – Join CEX.io You will first need to buy one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Tezos (XTZ) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (XTZ) Tezos As soon as your deposit has been approved, you'll now have access to your assets and you can launch invest and trading. To buy (XTZ) Tezos on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. In order to discover (XTZ) Tezos, you'll need to put the cointype (XTZ) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we have highlighted this too. Click on “XTZ/BTC” to advance.
Step 4 – Buying (XTZ) Tezos After you've discovered (XTZ) Tezos, 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 are making our Limit Order. The field with the “Price” tag will be automatically filled with the recent price (XTZ) Tezos was traded for. This can be changed to your preferred price. The ”Amount” field is the quantity of XTZ you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole quantity of XTZ. When you are satisfied, make a mouse click on “Buy XTZ”. Your order will be filled as soon as a Vender trades their XTZ for the price you gave.
Step 5 – Withdraw Tezos (XTZ) Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extended time period. To withdraw your Tezos (XTZ), go to the tab called “Funds” and click on “Withdraw”. Tezos (XTZ) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Tezos (XTZ) by using the provided drop-down box. Drop in the volumen of Tezos (XTZ) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.