A Step-by-Step-Guide on how to buy Tezos (XTZ) in South Africa
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase one of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and getting your first 10 Dollar.
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Tezos (XTZ) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find (XTZ) Tezos As soon as your deposit has been approved, you'll immediately have access to your assets and you can launch buying and trading. To invest in (XTZ) Tezos on Binance, you will want to hover over the “Exchange” tab and after that 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 image. Be certain of having choosen the right pairing, we have highlighted this too. Click on “XTZ/BTC” to go ahead.
Step 4 – Purchase Tezos (XTZ) As soon as you have discovered Tezos (XTZ), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're creating our Limit Order. The field with the “Price” tag will be filled with the recent price Tezos (XTZ) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XTZ you like to buy. The “Total” field is the whole price in BTC that you'll pay for the whole amount of XTZ. If you are glad, make a mouse click on “Buy XTZ”. Your plan will be filled when a Seller trades their XTZ for the price you submitted.
Step 5 – Withdraw Tezos (XTZ) Unless you are trading, never keep your crypto coins on an Exchange for an extended period of time. To withdraw your (XTZ) Tezos, go to the “Funds” tab and mouse click on “Withdraw”. Tezos (XTZ) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XTZ) Tezos by using the provided drop-down box. Put into the volumen of (XTZ) Tezos you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you're happy, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.