A Step-by-Step-Guide on how to buy Tezos (XTZ) in Ecuador
Step 1 – Signup to Kraken You will first need to buy units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Tezos (XTZ) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Tezos (XTZ) As soon as your deposit has been confirmed, you will now have access to your finances and you can initiate purchasing and trading. To buy (XTZ) Tezos on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To spot Tezos (XTZ), you'll need to insert the cointype (XTZ) into the search-box, which is marked in the image. Be certain of having selected the right grouping, we have marked this too. Click on “XTZ/BTC” to proceed.
Step 4 – Acquisition of (XTZ) Tezos Once you've located (XTZ) Tezos, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The “Price” field will be automatically filled with the latest valuation (XTZ) Tezos was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of XTZ you wish to purchase. The “Total” field is the whole price in BTC that you'll pay for the whole amount of XTZ. If you're happy, click on “Buy XTZ”. Your order will be filled as soon as a Vender sells their XTZ for the price you introduced.
Step 5 – Withdraw Tezos (XTZ) Unless you're regularly trading, never keep your crypto on an Exchange for an longer period of time. In order to take off your (XTZ) Tezos, go to the tab called “Funds” and click on “Withdraw”. (XTZ) Tezos can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Tezos (XTZ) by using the provided drop-down box. Drop in the quantity of (XTZ) Tezos you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are satisfied, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.