A Step-by-Step-Guide on how to buy Tezos (XTZ) in Dominica
Step 1 – Signup to Kraken You'll first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Tezos (XTZ) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate (XTZ) Tezos As soon as your deposit has been affirmed, you will instantly have access to your assets and you can commence buying and trading. To buy (XTZ) Tezos on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. To locate (XTZ) Tezos, you'll need to insert the short name of the asset (XTZ) into the search-box, which is highlighted in the picture. Be certain of having selected the right grouping, we have marked this also. Click on “XTZ/BTC” to advance.
Step 4 – Acquisition of Tezos (XTZ) After you have spotted Tezos (XTZ), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are making our own Limit Order. The “Price” field will be automatically filled with the latest price (XTZ) Tezos was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of XTZ you want to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete quantity of XTZ. If you are satisfied, make a mouse click on “Buy XTZ”. Your order will be filled when a Vendor trades their XTZ for the price you gave.
Step 5 – Withdraw (XTZ) Tezos Unless you're frequently trading, never keep your coins on an Crypto Exchange for an extensive time period. In order to take off your Tezos (XTZ), go to the tab called “Funds” and mouse click on “Withdraw”. Tezos (XTZ) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XTZ) Tezos by using the given drop-down box. Enter the amount of (XTZ) Tezos you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you're satisfied, click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.