A Step-by-Step-Guide on how to buy Tezos (XTZ) in Bahrain
Step 1 – Signup to CEX.io You will first need to purchase units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Tezos (XTZ) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Tezos (XTZ) As soon as your deposit has been verified, you will directly have access to your funds and you can initiate buying and trading. To buy Tezos (XTZ) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover (XTZ) Tezos, you'll need to insert the cointype (XTZ) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we have highlighted this also. Click on “XTZ/BTC” to progress.
Step 4 – Buying (XTZ) Tezos Once you have found Tezos (XTZ), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're making our Limit Order. The “Price” field will be automatically filled with the latest valuation Tezos (XTZ) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XTZ you like to purchase. The “Total” field is the total price in BTC that you will pay for the whole quantity of XTZ. When you are glad, make a mouse click on “Buy XTZ”. Your plan will be filled as soon as a Vendor sells their XTZ for the price you introduced.
Step 5 – Withdraw Tezos (XTZ) Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. To take off your Tezos (XTZ), go to the “Funds” tab and click on “Withdraw”. Tezos (XTZ) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Tezos (XTZ) by using the provided drop-down box. Drop in the amount of Tezos (XTZ) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, click “Submit”. You may be asked for phone/email verification before a take off.