A Step-by-Step-Guide on how to buy Tezos (XTZ) in Barbados
Step 1 – Join CEX.io You will first need to buy units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Tezos (XTZ) is obtainable 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 selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate (XTZ) Tezos Once your deposit has been verified, you will instantly have access to your finances and you can initiate invest and trading. To invest in (XTZ) Tezos on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to discover Tezos (XTZ), you'll need to put the cointype (XTZ) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have highlighted this also. Click on “XTZ/BTC” to advance.
Step 4 – Buy (XTZ) Tezos Once you've discovered (XTZ) Tezos, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to make our own Limit Order. The “Price” field will be automatically filled with the most recent price (XTZ) Tezos was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of XTZ you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete quantity of XTZ. If you're satisfied, make a mouse click on “Buy XTZ”. Your plan will be filled as soon as a Vendor trades their XTZ for the price you gave.
Step 5 – Withdraw Tezos (XTZ) Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. To take off your (XTZ) Tezos, go to the tab called “Funds” and click on “Withdraw”. (XTZ) Tezos can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XTZ) Tezos by using the given drop-down box. Put into the quantity of (XTZ) Tezos you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.