A Step-by-Step-Guide on how to buy Tezos (XTZ) in Christmas Island
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Tezos (XTZ) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find Tezos (XTZ) As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can begin purchasing and trading. To invest in Tezos (XTZ) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. In order to find (XTZ) Tezos, you will need to put the cointype (XTZ) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we have marked this also. Click on “XTZ/BTC” to go on.
Step 4 – Purchase (XTZ) Tezos After you have found (XTZ) Tezos, you'll be presented with a Chart with Prices (in the Center of the image) and some 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 filled with the up-to-date tariff Tezos (XTZ) was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of XTZ you like to buy. The “Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of XTZ. If you are glad, click on “Buy XTZ”. Your plan will be filled as soon as a Vender sells their XTZ for the price you introduced.
Step 5 – Withdraw Tezos (XTZ) Unless you are trading, you should never keepyour crypto coins on an Crypto Exchange for an extended time frame. In order to take off your Tezos (XTZ), go to the tab called “Funds” and mouse click on “Withdraw”. (XTZ) Tezos can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XTZ) Tezos by using the given drop-down box. Put into the volumen of Tezos (XTZ) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.