A Step-by-Step-Guide on how to buy Tezos (XTZ) in Cyprus
Step 1 – Join Kraken You will first need to purchase one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Tezos (XTZ) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find Tezos (XTZ) As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can begin buying and trading. To purchase Tezos (XTZ) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate Tezos (XTZ), you will need to put the short name of the asset (XTZ) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we have highlighted this too. Click on “XTZ/BTC” to progress.
Step 4 – Purchase Tezos (XTZ) As soon as you've located (XTZ) Tezos, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation Tezos (XTZ) was traded for. You can change this to your favoured rate. The “Amount” field is the volumen of XTZ you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole quantity of XTZ. If you are happy, click on “Buy XTZ”. Your plan will be filled when a Vendor sells their XTZ for the price you submitted.
Step 5 – Withdraw (XTZ) Tezos Unless you're regularly trading, you should never keepyour coins on an Crypto Trader for an extended period of time. In order to take off your (XTZ) Tezos, hover over the “Funds” tab and click on “Withdraw”. Tezos (XTZ) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XTZ) Tezos by using the given drop-down box. Enter the volumen of (XTZ) Tezos you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.