A Step-by-Step-Guide on how to buy Tezos (XTZ) in Grenada
Step 1 – Signup to Kraken You will first need to purchase units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Tezos (XTZ) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find (XTZ) Tezos Once your deposit has been approved, you will immediately have access to your finances and you can start purchasing and trading. To invest in (XTZ) Tezos on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to discover (XTZ) Tezos, you will need to insert the short name of the asset (XTZ) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “XTZ/BTC” to proceed.
Step 4 – Acquisition of Tezos (XTZ) As soon as you have found Tezos (XTZ), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the latest valuation (XTZ) Tezos was sold for. This can be changed to your favoured rate. The “Amount” field is the amount of XTZ you wish to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of XTZ. When you are satisfied, make a mouse click on “Buy XTZ”. Your plan will be filled as soon as a Seller sells their XTZ for the price you introduced.
Step 5 – Withdraw Tezos (XTZ) Unless you are frequently trading, best advise is not to keep your coins on an Crypto Exchange for an longer time frame. In order to take off your (XTZ) Tezos, go to the tab called “Funds” and click on “Withdraw”. Tezos (XTZ) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XTZ) Tezos by using the given drop-down box. Put into the quantity of (XTZ) Tezos you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. If you're happy, click “Submit”. You may be asked for email/phone verification ahead of a withdrawal.