A Step-by-Step-Guide on how to buy Tezos (XTZ) in Bermuda
Step 1 – Signup to Kraken You will first need to purchase units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and getting your welcome Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Tezos (XTZ) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you are working with 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 approved, you'll directly have access to your assets and you can launch invest and trading. To buy Tezos (XTZ) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find Tezos (XTZ), you will need to insert the short name of the asset (XTZ) into the search-box, which is marked in the picture. Be certain of having choosen the right pairing, we've marked this also. Click on “XTZ/BTC” to progress.
Step 4 – Purchase Tezos (XTZ) After you have located (XTZ) Tezos, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we are creating our Limit Order. The “Price” field will be filled with the up-to-date rate Tezos (XTZ) was traded for. This can be changed to your favoured rate. The “Amount” field is the amount of XTZ you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of XTZ. When you are glad, make a mouse click on “Buy XTZ”. Your order will be filled as soon as a Vendor sells their XTZ for the price you submitted.
Step 5 – Withdraw (XTZ) Tezos Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive period of time. To take off your Tezos (XTZ), go to the tab called “Funds” and mouse click on “Withdraw”. Tezos (XTZ) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Tezos (XTZ) by using the given drop-down box. Enter the amount of (XTZ) Tezos you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address. When you're glad, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.