A Step-by-Step-Guide on how to buy Tezos (XTZ) in Cayman Islands
Step 1 – Join Kraken In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and getting your welcome Bitcoin or Ethereum.
Step 2 – Send Your Funds to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Tezos (XTZ) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find (XTZ) Tezos As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can begin purchasing and trading. To buy (XTZ) Tezos on Binance, you will want to hover over the tab which is called “Exchange” and after that 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 graphic. Make sure you have selected the right grouping, we have highlighted this too. Click on “XTZ/BTC” to progress.
Step 4 – Buy (XTZ) Tezos As soon as you've discovered Tezos (XTZ), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date tariff (XTZ) Tezos was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of XTZ you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole amount of XTZ. When you're satisfied, click on “Buy XTZ”. Your order will be filled as soon as a Seller trades their XTZ for the price you gave.
Step 5 – Withdraw (XTZ) Tezos Unless you are frequently trading, you should never keepyour crypto on an Crypto Exchange for an longer time period. To withdraw your Tezos (XTZ), hover over the “Funds” tab and click on “Withdraw”. (XTZ) Tezos can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Tezos (XTZ) by using the provided drop-down box. Drop in the volumen of (XTZ) Tezos you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you're happy, click on “Submit”. You may be requested for verfication via email/phone before a take off.