A Step-by-Step-Guide on how to buy Tezos (XTZ) in Switzerland
Step 1 – Join Kraken In the beginning you'll need to purchase units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Tezos (XTZ) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (XTZ) Tezos As soon as your deposit has been approved, you'll directly have access to your assets and you can start invest and trading. To purchase Tezos (XTZ) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. To locate Tezos (XTZ), you'll need to insert 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 highlighted this too. Click on “XTZ/BTC” to proceed.
Step 4 – Buy Tezos (XTZ) As soon as you've located (XTZ) Tezos, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate Tezos (XTZ) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of XTZ you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole volumen of XTZ. If you're happy, click on “Buy XTZ”. Your order will be filled when a Vendor sells their XTZ for the price you introduced.
Step 5 – Withdraw Tezos (XTZ) Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended period of time. To take off your Tezos (XTZ), go to the “Funds” tab and mouse click on “Withdraw”. Tezos (XTZ) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Tezos (XTZ) by using the provided drop-down box. Put into the quantity of (XTZ) Tezos you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.