A Step-by-Step-Guide on how to buy Tezos (XTZ) in Luxembourg
Step 1 – Signup to CEX.io You will first need to purchase one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Funds to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Tezos (XTZ) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate (XTZ) Tezos Once your deposit has been verified, you'll now have access to your finances and you can begin purchasing and trading. To invest in (XTZ) Tezos on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”. To find (XTZ) Tezos, you'll need to put the short name of the asset (XTZ) into the search-box, which is marked in the graphic. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “XTZ/BTC” to advance.
Step 4 – Buy Tezos (XTZ) As soon as you've spotted Tezos (XTZ), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to create our Limit Order. The “Price” field will be filled automatically with the latest price Tezos (XTZ) was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of XTZ you want to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of XTZ. When you are glad, make a mouse click on “Buy XTZ”. Your order will be filled when a Vendor trades their XTZ for the price you offered.
Step 5 – Withdraw Tezos (XTZ) Unless you're trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. To take off your Tezos (XTZ), hover over the tab called “Funds” and mouse click on “Withdraw”. Tezos (XTZ) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Tezos (XTZ) by using the given drop-down box. Put into the quantity of (XTZ) Tezos you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you're happy, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.