A Step-by-Step-Guide on how to buy Tezos (XTZ) in New Zealand
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Tezos (XTZ) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find (XTZ) Tezos Once your deposit has been approved, you will instantly have access to your assets and you can commence buying and trading. To buy (XTZ) Tezos on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. To find Tezos (XTZ), you will need to put the cointype (XTZ) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we've highlighted this also. Click on “XTZ/BTC” to proceed.
Step 4 – Buy (XTZ) Tezos After you have located (XTZ) Tezos, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our Limit Order. The field with the “Price” tag will be filled with the recent valuation Tezos (XTZ) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of XTZ you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete volumen of XTZ. If you're satisfied, click on “Buy XTZ”. Your order will be filled when a Seller sells their XTZ for the price you gave.
Step 5 – Withdraw Tezos (XTZ) Unless you are trading, best advise is not to keep your crypto on an Crypto Exchange for an extended time period. To withdraw your (XTZ) Tezos, hover over the tab called “Funds” and mouse click on “Withdraw”. (XTZ) Tezos can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XTZ) Tezos by using the provided drop-down box. Enter the amount of Tezos (XTZ) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.