How to Buy Tezos (XTZ) in Malawi

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

Step 1 – Join CEX.io

In the beginning you'll need to purchase one of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and receive your first Bitcoin or Ethereum.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Tezos (XTZ) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find (XTZ) Tezos

As soon as your deposit has been affirmed, you'll directly have access to your funds and you can initiate buying and trading. To buy (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 discover Tezos (XTZ), you will need to insert the short name of the asset (XTZ) into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we've highlighted this also. Click on “XTZ/BTC” to go ahead.

Step 4 – Purchasing (XTZ) Tezos

As soon as you've discovered Tezos (XTZ), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to make our Limit Order.

The “Price” field will be automatically filled with the up-to-date price Tezos (XTZ) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of XTZ you want to purchase. The “Total” field is the total price in Bitcoin that you will settle for the whole amount of XTZ.

When you are glad, make a mouse click on “Buy XTZ”. Your order will be filled when a Vendor sells their XTZ for the price you submitted.

Step 5 – Withdraw (XTZ) Tezos

Unless you are trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time frame. In order to take off your Tezos (XTZ), hover over the “Funds” tab and mouse click on “Withdraw”. Tezos (XTZ) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XTZ) Tezos by using the given drop-down box. Enter the quantity of (XTZ) Tezos you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you're glad, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Kudos! You have successfully purchased and safed Tezos (XTZ) in Malawi.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (XTZ) Tezos is stored inside your wallet, you are done.