A Step-by-Step-Guide on how to buy Tezos (XTZ) in Gibraltar
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum or Bitcoin 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're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find (XTZ) Tezos Once your deposit has been verified, you'll now have access to your assets and you can start purchasing and trading. To invest in Tezos (XTZ) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find Tezos (XTZ), you'll need to insert the cointype (XTZ) into the search box, which is highlighted in the image. Make sure you have choosen the right grouping, we've highlighted this also. Click on “XTZ/BTC” to progress.
Step 4 – Buy (XTZ) Tezos Once you have located (XTZ) Tezos, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff (XTZ) Tezos was sold for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of XTZ you wish to buy. The “Total” field is the total price in Bitcoin that you'll settle for the complete quantity of XTZ. When you are happy, make a mouse click on “Buy XTZ”. Your plan will be filled when a Vendor sells their XTZ for the price you gave.
Step 5 – Withdraw Tezos (XTZ) Unless you are regularly trading, never keep your coins on an Exchange for an longer time frame. To take off your Tezos (XTZ), hover over the tab called “Funds” and click on “Withdraw”. Tezos (XTZ) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XTZ) Tezos by using the provided drop-down box. Drop in the amount of Tezos (XTZ) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click “Submit”. You may be requested for phone/email verification before a withdrawal.