A Step-by-Step-Guide on how to buy Tezos (XTZ) in Pitcairn Islands
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) 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 illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Tezos (XTZ) As soon as your deposit has been verified, you'll instantly have access to your finances and you can commence buying and trading. To buy (XTZ) Tezos on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. To find Tezos (XTZ), you'll need to insert the short name of the asset (XTZ) into the search box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've marked this also. Click on “XTZ/BTC” to continue.
Step 4 – Buying (XTZ) Tezos As soon as you've found (XTZ) Tezos, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order. The “Price” field will be automatically filled with the most up-to-date price Tezos (XTZ) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of XTZ you wish to buy. The “Total” field is the total price in Bitcoin that you will settle for the whole volumen of XTZ. When you are glad, make a mouse click on “Buy XTZ”. Your plan will be filled when a Vendor sells their XTZ for the price you offered.
Step 5 – Withdraw Tezos (XTZ) Unless you're frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time frame. To take off your Tezos (XTZ), hover over the tab called “Funds” and mouse click on “Withdraw”. Tezos (XTZ) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Tezos (XTZ) by using the given drop-down box. Drop in the quantity of Tezos (XTZ) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.