A Step-by-Step-Guide on how to buy Tezos (XTZ) in Guinea-Bissau
Step 1 – Signup to Kraken You will first need to buy units of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Tezos (XTZ) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (XTZ) Tezos As soon as your deposit has been verified, you will immediately have access to your finances and you can start purchasing and trading. To purchase (XTZ) Tezos on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. To discover Tezos (XTZ), you will need to put the shortname of the coin (XTZ) into the search box, which is highlighted in the image. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “XTZ/BTC” to progress.
Step 4 – Acquisition of Tezos (XTZ) Once you have found Tezos (XTZ), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are creating our Limit Order. The “Price” field will be filled automatically with the most recent price (XTZ) Tezos was traded for. This can be changed to your preferred price. The “Amount” field is the amount of XTZ you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete volumen of XTZ. If you are satisfied, click on “Buy XTZ”. Your plan will be filled as soon as a Vendor sells their XTZ for the price you introduced.
Step 5 – Withdraw (XTZ) Tezos Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your (XTZ) Tezos, hover over the tab called “Funds” and click on “Withdraw”. (XTZ) Tezos can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Tezos (XTZ) by using the given drop-down box. Drop in the amount of Tezos (XTZ) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.