How to Buy Tezos (XTZ) in Iceland

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

Step 1 – Signup to Kraken

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

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Tezos (XTZ) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find (XTZ) Tezos

As soon as your deposit has been approved, you will immediately have access to your assets and you can commence purchasing and trading. To invest in (XTZ) Tezos on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find (XTZ) Tezos, you'll need to insert the short name of the asset (XTZ) into the search-box, which is marked in the image. Be certain of having selected the right grouping, we've marked this also. Click on “XTZ/BTC” to continue.

Step 4 – Purchase (XTZ) Tezos

After you have located (XTZ) Tezos, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to create our own Limit Order.

The “Price” field will be filled automatically with the most latest tariff (XTZ) Tezos was traded for. This can be changed to your desired price. The “Amount” field is the volumen of XTZ you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete quantity of XTZ.

If you are happy, click on “Buy XTZ”. Your order will be filled as soon as a Seller sells their XTZ for the price you submitted.

Step 5 – Withdraw Tezos (XTZ)

Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an extensive time frame. To withdraw your Tezos (XTZ), go to the “Funds” tab and click on “Withdraw”. (XTZ) Tezos can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Tezos (XTZ) by using the provided drop-down box. Enter the quantity of (XTZ) Tezos you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

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

Congrats! You have successfully bought and safed Tezos (XTZ) in Iceland.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the Tezos (XTZ) is stored inside your wallet, you're done.