A Step-by-Step-Guide on how to buy Tezos (XTZ) in Tuvalu
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin or Ethereum will need 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 will use that as an sample. Unsure on how to send Coinbase funds to an 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 ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Tezos (XTZ) As soon as your deposit has been verified, you will instantly have access to your finances and you can initiate purchasing and trading. To buy Tezos (XTZ) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To locate Tezos (XTZ), you'll need to put the cointype (XTZ) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we've marked this too. Click on “XTZ/BTC” to proceed.
Step 4 – Purchase (XTZ) Tezos After you've spotted (XTZ) Tezos, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we're going to create our Limit Order. The field with the “Price” tag will be filled with the most up-to-date rate (XTZ) Tezos was traded for. This can be changed to your desired price. The “Amount” field is the amount of XTZ you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete quantity of XTZ. When you are glad, make a mouse click on “Buy XTZ”. Your order will be filled when a Vender sells their XTZ for the price you introduced.
Step 5 – Withdraw Tezos (XTZ) Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your Tezos (XTZ), hover over the “Funds” tab and mouse click on “Withdraw”. (XTZ) Tezos can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Tezos (XTZ) by using the given drop-down box. Drop in the amount of Tezos (XTZ) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.