A Step-by-Step-Guide on how to buy Tezos (XTZ) in Cook Islands
Step 1 – Signup to Kraken You will first need to buy units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first Bitcoin or Ethereum.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Tezos (XTZ) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Tezos (XTZ) As soon as your deposit has been confirmed, you will now have access to your funds and you can commence purchasing and trading. To buy (XTZ) Tezos on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. To locate (XTZ) Tezos, you'll need to insert the shortname of the coin (XTZ) into the search box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this too. Click on “XTZ/BTC” to continue.
Step 4 – Purchasing Tezos (XTZ) Once you've located (XTZ) Tezos, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to make our own Limit Order. The field with the “Price” tag will be filled with the latest price (XTZ) Tezos was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of XTZ you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete volumen of XTZ. When you are happy, click on “Buy XTZ”. Your plan will be filled as soon as a Vendor sells their XTZ for the price you offered.
Step 5 – Withdraw (XTZ) Tezos Unless you're trading, never keep your coins on an Crypto Exchange for an longer time frame. In order to take off your (XTZ) Tezos, go to the “Funds” tab 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. Drop in the quantity of Tezos (XTZ) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.