A Step-by-Step-Guide on how to buy Tezos (XTZ) in Canada
Step 1 – Signup to Kraken You'll first need to buy units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) 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 illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Tezos (XTZ) Once your deposit has been confirmed, you will immediately have access to your assets and you can commence invest and trading. To purchase (XTZ) Tezos on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. In order to discover Tezos (XTZ), you will need to insert the cointype (XTZ) into the search box, which is marked in the picture. Make sure you have choosen the proper grouping, we've marked this also. Click on “XTZ/BTC” to go on.
Step 4 – Buying (XTZ) Tezos As soon as you have found (XTZ) Tezos, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date price (XTZ) Tezos was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of XTZ you wish to purchase. The “Total” field is the total price in BTC that you'll pay for the whole volumen of XTZ. When you're happy, click on “Buy XTZ”. Your order will be filled as soon as a Vender trades their XTZ for the price you offered.
Step 5 – Withdraw (XTZ) Tezos Unless you're trading, never keep your coins on an Exchange for an extensive period of time. In order to take off your Tezos (XTZ), go to the tab called “Funds” and click on “Withdraw”. Tezos (XTZ) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XTZ) Tezos by using the provided drop-down box. Put into the amount of (XTZ) Tezos you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.