How to Buy Tezos (XTZ) in Ethiopia

A Step-by-Step-Guide on how to buy Tezos (XTZ) in Ethiopia

Step 1 – Signup to Kraken

You'll first need to purchase one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Tezos (XTZ) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate Tezos (XTZ)

As soon as your deposit has been confirmed, you will now have access to your assets and you can initiate invest and trading. To invest in (XTZ) Tezos on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To spot Tezos (XTZ), you'll need to put the cointype (XTZ) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we've highlighted this also. Click on “XTZ/BTC” to go ahead.

Step 4 – Buy (XTZ) Tezos

After you've discovered (XTZ) Tezos, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our own Limit Order.

The “Price” field will be automatically filled with the latest tariff Tezos (XTZ) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of XTZ you like to buy. The “Total” field is the total price in Bitcoin that you'll pay for the complete amount of XTZ.

When you're happy, click on “Buy XTZ”. Your order will be filled as soon as a Vendor sells their XTZ for the price you introduced.

Step 5 – Withdraw Tezos (XTZ)

Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extensive time period. To withdraw your Tezos (XTZ), hover over the “Funds” tab and mouse click on “Withdraw”. (XTZ) Tezos can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Tezos (XTZ) by using the given drop-down box. Enter the volumen of (XTZ) Tezos you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you are happy, click on “Submit”. You could be asked for phone/email verification before a take off.

Congratulations! You have successfully purchased and safed Tezos (XTZ) in Ethiopia.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (XTZ) Tezos is stored within your wallet, you're done.