A Step-by-Step-Guide on how to buy Tezos (XTZ) in Micronesia
Step 1 – Join Kraken You will first need to buy units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and to get your first Ethereum or Bitcoin.
Step 2 – Send Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need 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're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (XTZ) Tezos As soon as your deposit has been approved, you will directly have access to your finances and you can launch purchasing and trading. To invest in Tezos (XTZ) on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”. To discover Tezos (XTZ), you will need to insert the cointype (XTZ) into the search box, which is highlighted in the image. Make sure you have selected the correct grouping, we have marked this also. Click on “XTZ/BTC” to progress.
Step 4 – Purchasing (XTZ) Tezos As soon as you've located Tezos (XTZ), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are creating our own Limit Order. The “Price” field will be filled with the most recent tariff Tezos (XTZ) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XTZ you want to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of XTZ. If you're satisfied, click on “Buy XTZ”. Your plan will be filled as soon as a Vender sells their XTZ for the price you offered.
Step 5 – Withdraw Tezos (XTZ) Unless you're regularly trading, you should never keepyour coins on an Exchange for an extended period of time. To withdraw your (XTZ) Tezos, hover over the “Funds” tab and mouse click on “Withdraw”. (XTZ) Tezos can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XTZ) Tezos by using the given drop-down box. Enter the amount of (XTZ) Tezos you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.