How to Buy Tezos (XTZ) in Senegal

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

Step 1 – Signup to Kraken

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

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Tezos (XTZ) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide)

Make sure you've selected the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate Tezos (XTZ)

As soon as your deposit has been approved, you'll immediately have access to your finances and you can commence invest and trading. To invest in Tezos (XTZ) 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 will need to insert the cointype (XTZ) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we have marked this also. Click on “XTZ/BTC” to proceed.

Step 4 – Buy Tezos (XTZ)

After you've located (XTZ) Tezos, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date tariff Tezos (XTZ) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of XTZ you want to purchase. The “Total” field is the total price in BTC that you will pay for the whole quantity of XTZ.

When you're glad, click on “Buy XTZ”. Your plan will be filled when a Seller trades their XTZ for the price you introduced.

Step 5 – Withdraw Tezos (XTZ)

Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your (XTZ) Tezos, hover over the tab called “Funds” and click on “Withdraw”. Tezos (XTZ) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Tezos (XTZ) by using the given drop-down box. Enter the amount of (XTZ) Tezos you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

When you're happy, click “Submit”. You may be requested for phone/email verification ahead of a take off.

Congratulations! You have successfully purchased and stored Tezos (XTZ) in Senegal.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Tezos (XTZ) is stored in your wallet, you're all done.
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