How to Buy Tezos (XTZ) in Mongolia

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

Step 1 – Join CEX.io

In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange

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

Make sure you have chosen the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate (XTZ) Tezos

Once your deposit has been verified, you will instantly have access to your assets and you can begin buying and trading. To invest in Tezos (XTZ) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

To spot Tezos (XTZ), you will need to put the short name of the asset (XTZ) into the search-box, which is highlighted in the picture. Be certain of having selected the proper grouping, we have highlighted this also. Click on “XTZ/BTC” to go ahead.

Step 4 – Acquisition of (XTZ) Tezos

Once you have located (XTZ) Tezos, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we're making our own Limit Order.

The “Price” field will be filled automatically with the most latest tariff Tezos (XTZ) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of XTZ you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole volumen of XTZ.

When you are glad, make a mouse click on “Buy XTZ”. Your plan will be filled as soon as a Vendor trades their XTZ for the price you submitted.

Step 5 – Withdraw (XTZ) Tezos

Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. To take off your Tezos (XTZ), hover over the tab called “Funds” and mouse click on “Withdraw”. (XTZ) Tezos can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Tezos (XTZ) by using the given drop-down box. Enter the volumen of Tezos (XTZ) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you are happy, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Kudos! You've successfully bought and stored Tezos (XTZ) in Mongolia.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Tezos (XTZ) is stored within your wallet, you're finished.