How to Buy Tezos (XTZ) in Norfolk Island

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

Step 1 – Join Kraken

You'll first need to buy one of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

Kraken Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Tezos (XTZ) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Binance Signup

Step 3 – Locate Tezos (XTZ)

Once your deposit has been confirmed, you'll now have access to your finances and you can launch purchasing and trading. To purchase (XTZ) Tezos on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to locate (XTZ) Tezos, you'll need to insert the cointype (XTZ) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we have marked this also. Click on “XTZ/BTC” to proceed.

Step 4 – Acquisition of (XTZ) Tezos

Once you have found (XTZ) Tezos, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The “Price” field will be filled automatically with the latest valuation Tezos (XTZ) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of XTZ you wish to buy. The “Total” field is the whole price in Bitcoin that you will settle for the whole amount of XTZ.

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

Step 5 – Withdraw (XTZ) Tezos

Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an extended time period. In order to take off your (XTZ) Tezos, go to the “Funds” tab and click on “Withdraw”. Tezos (XTZ) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're happy, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully bought and safed (XTZ) Tezos in Norfolk Island.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Tezos (XTZ) is stored in your wallet, you're done.
    /* */