A Step-by-Step-Guide on how to buy Tezos (XTZ) in Gabon
Step 1 – Join Kraken In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Tezos (XTZ) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate (XTZ) Tezos As soon as your deposit has been approved, you will immediately have access to your assets and you can initiate purchasing and trading. To invest in (XTZ) Tezos on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To discover (XTZ) Tezos, you'll need to put the shortname of the coin (XTZ) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we've marked this also. Click on “XTZ/BTC” to continue.
Step 4 – Purchasing Tezos (XTZ) Once you've discovered (XTZ) Tezos, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date price (XTZ) Tezos was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of XTZ you like to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole amount of XTZ. When you are satisfied, click on “Buy XTZ”. Your plan will be filled as soon as a Seller sells their XTZ for the price you submitted.
Step 5 – Withdraw Tezos (XTZ) Unless you are trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. To take off your (XTZ) Tezos, go to the “Funds” tab and mouse click on “Withdraw”. Tezos (XTZ) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XTZ) Tezos by using the provided drop-down box. Enter the volumen of (XTZ) Tezos you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.