A Step-by-Step-Guide on how to buy Tezos (XTZ) in Hong Kong
Step 1 – Signup to Kraken You will first need to buy one of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader 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 Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate (XTZ) Tezos As soon as your deposit has been confirmed, you will instantly have access to your assets and you can begin invest and trading. To buy (XTZ) Tezos on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate (XTZ) Tezos, you'll need to insert the short name of the asset (XTZ) into the search box, which is marked in the picture. Be certain of having choosen the proper pairing, we've highlighted this too. Click on “XTZ/BTC” to advance.
Step 4 – Purchasing (XTZ) Tezos As soon as you've discovered (XTZ) Tezos, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order. The “Price” field will be filled with the most latest price (XTZ) Tezos was sold for. You can change this to your favoured rate. The “Amount” field is the volumen of XTZ you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole amount of XTZ. When you are glad, click on “Buy XTZ”. Your plan will be filled when a Seller trades their XTZ for the price you introduced.
Step 5 – Withdraw (XTZ) Tezos Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your (XTZ) Tezos, hover over the tab called “Funds” and click on “Withdraw”. (XTZ) Tezos can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Tezos (XTZ) by using the provided drop-down box. Enter the quantity of Tezos (XTZ) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you're glad, click on “Submit”. You could be asked for phone/email verification before a withdrawal.