A Step-by-Step-Guide on how to buy Tezos (XTZ) in Dominica
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get your first 10$.
Step 2 – Send Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Tezos (XTZ) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate (XTZ) Tezos Once your deposit has been approved, you will now have access to your assets and you can commence invest and trading. To buy (XTZ) Tezos on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. In order to locate Tezos (XTZ), you'll need to put the short name of the asset (XTZ) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we have highlighted this also. Click on “XTZ/BTC” to progress.
Step 4 – Acquisition of Tezos (XTZ) As soon as you have found (XTZ) Tezos, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our Limit Order. The “Price” field will be automatically filled with the most recent tariff (XTZ) Tezos was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of XTZ you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of XTZ. If you are satisfied, make a mouse click on “Buy XTZ”. Your order will be filled as soon as a Vendor sells their XTZ for the price you submitted.
Step 5 – Withdraw Tezos (XTZ) Unless you're regularly trading, never keep your coins on an Exchange for an extended period of time. To withdraw your (XTZ) Tezos, go to the tab called “Funds” and mouse click on “Withdraw”. (XTZ) Tezos can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Tezos (XTZ) by using the provided drop-down box. Put into the amount of (XTZ) Tezos you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.