A Step-by-Step-Guide on how to buy Tezos (XTZ) in Nigeria
Step 1 – Join Kraken You will first need to buy one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) 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 similar. Tezos (XTZ) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Tezos (XTZ) As soon as your deposit has been confirmed, you will instantly have access to your finances and you can commence invest and trading. To invest in Tezos (XTZ) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find (XTZ) Tezos, you'll need to put the short name of the asset (XTZ) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we have marked this also. Click on “XTZ/BTC” to progress.
Step 4 – Buy Tezos (XTZ) As soon as you've found (XTZ) Tezos, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are going to create our own Limit Order. The “Price” field will be filled with the most latest tariff Tezos (XTZ) was traded for. This can be changed to your preferred price. The “Amount” field is the quantity of XTZ you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of XTZ. When you're satisfied, make a mouse click on “Buy XTZ”. Your order will be filled as soon as a Seller trades their XTZ for the price you gave.
Step 5 – Withdraw Tezos (XTZ) Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an extended time frame. In order to withdraw your (XTZ) Tezos, hover over the tab called “Funds” and mouse click on “Withdraw”. (XTZ) Tezos can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Tezos (XTZ) by using the given drop-down box. Drop in the volumen of Tezos (XTZ) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.