How to Buy Tezos (XTZ) in Guernsey

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

Step 1 – Join CEX.io

You'll first need to purchase one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Funds to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Tezos (XTZ) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find Tezos (XTZ)

As soon as your deposit has been affirmed, you will immediately have access to your finances and you can initiate invest and trading. To purchase Tezos (XTZ) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To locate (XTZ) Tezos, you will need to put the short name of the asset (XTZ) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we've highlighted this too. Click on “XTZ/BTC” to go ahead.

Step 4 – Buy (XTZ) Tezos

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

The “Price” field will be filled with the most recent tariff (XTZ) Tezos was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of XTZ you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete volumen of XTZ.

When you are glad, click on “Buy XTZ”. Your plan will be filled as soon as a Vendor trades their XTZ for the price you gave.

Step 5 – Withdraw (XTZ) Tezos

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extensive time period. In order to take off your Tezos (XTZ), go to the tab called “Funds” and mouse click on “Withdraw”. Tezos (XTZ) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XTZ) Tezos by using the provided drop-down box. Enter the volumen of Tezos (XTZ) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

If you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Kudos! You've successfully purchased and safed Tezos (XTZ) in Guernsey.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the (XTZ) Tezos is safe in your wallet, you're all done.