A Step-by-Step-Guide on how to buy Tezos (XTZ)
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and getting your first $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Tezos (XTZ) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Tezos (XTZ) Once your deposit has been affirmed, you will instantly have access to your funds and you can start purchasing and trading. To buy Tezos (XTZ) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To find Tezos (XTZ), you will need to insert the shortname of the coin (XTZ) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we have marked this too. Click on “XTZ/BTC” to go ahead.
Step 4 – Acquisition of Tezos (XTZ) After you've found Tezos (XTZ), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to create our own Limit Order. The ”Price” field will be filled with the recent tariff 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 want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of XTZ. If you are glad, click on “Buy XTZ”. Your plan will be filled as soon as a Vender trades their XTZ for the price you offered.
Step 5 – Withdraw (XTZ) Tezos Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your (XTZ) Tezos, hover over the tab called “Funds” and mouse click on “Withdraw”. (XTZ) Tezos can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XTZ) Tezos by using the provided drop-down box. Put into the volumen of (XTZ) Tezos you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.