A Step-by-Step-Guide on how to buy Tezos (XTZ) in Bahamas
Step 1 – Signup to Kraken You will first need to buy units of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Tezos (XTZ) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate (XTZ) Tezos Once your deposit has been approved, you'll instantly have access to your finances and you can launch purchasing and trading. To purchase (XTZ) Tezos on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot (XTZ) Tezos, you will need to put the cointype (XTZ) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we have highlighted this also. Click on “XTZ/BTC” to advance.
Step 4 – Buying (XTZ) Tezos After you've found Tezos (XTZ), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date price (XTZ) Tezos was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of XTZ you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete volumen of XTZ. When you're satisfied, make a mouse click on “Buy XTZ”. Your order will be filled when a Vendor sells their XTZ for the price you offered.
Step 5 – Withdraw (XTZ) Tezos Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Tezos (XTZ), go to the “Funds” tab and click on “Withdraw”. Tezos (XTZ) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Tezos (XTZ) by using the given drop-down box. Enter the amount of Tezos (XTZ) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.