How to Buy Tezos (XTZ) in Benin

A Step-by-Step-Guide on how to buy Tezos (XTZ) in Benin

Step 1 – Join Kraken

In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Funds to an Crypto Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. 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 these easy steps)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Tezos (XTZ)

Once your deposit has been affirmed, you will directly have access to your finances and you can launch buying and trading. To invest in (XTZ) Tezos on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate Tezos (XTZ), you will need to insert the short name of the asset (XTZ) into the search-box, which is marked in the graphic. Be certain of having selected the correct pairing, we've marked this also. Click on “XTZ/BTC” to advance.

Step 4 – Acquisition of Tezos (XTZ)

Once you have found Tezos (XTZ), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're creating our Limit Order.

The field with the “Price” tag will be automatically filled with the latest rate (XTZ) Tezos was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of XTZ you like to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the whole quantity of XTZ.

If you're glad, make a mouse 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 trading, you should never keepyour crypto coins on an Exchange for an extensive period of time. In order to withdraw your Tezos (XTZ), go to the tab called “Funds” and mouse 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. Drop in the volumen of Tezos (XTZ) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you're satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Kudos! You've successfully bought and stored Tezos (XTZ) in Benin.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the Tezos (XTZ) is safe in your wallet, you are finished.