Are you interested in investing or trading Tezos (XTZ)? With a market cap of over $2,731,921,779 this seems like a great and promising choice! Well, you have two options. If you are specifically looking to trade this Coin, then you can get started by signing up with an Investment broker, such as FXPro, Exness, Capital.com or another broker you would like to use. The majority of those investment companies offer you the ability to trade Tezos (XTZ) without really needing to “own” the coin. These broker companies are a great option if you are looking for quick setup, extremely low fees and commissions, and high leverage (borrowing money from the company without any fees).
As a rule of thumb, you should choose to trade Tezos (XTZ) through a financial broker if you are looking to specifically trade this asset rather than investing long term into it. Due to the fact that Financial Investment brokers offer a high volume of leverage, it allows you to get started with minimum capital, and trade the asset with way more volume. In other words, if you have 100$ to start with, with leverage of 1:100, you can trade like you have invested $10,000. This allows you to make huge profits without risking a big capital. Although you can get started with as low as $10 in the majority of the brokers that we will be listed below. We really suggest that you start with at least $200-$300, and keep the leverage up to 1:100. This allows you a trading margin of $20,000 to $30,000 which we consider a decent amount to start investing with.
On the other hand, if you are looking to buy the coin Tezos (XTZ), for long term investing or even making transactions with Tezos (XTZ), we suggest that you go through a Crypto Exchange, such as Binance which allows people to trade fiat currency, or major cryptos and tokens to Tezos (XTZ). Keep reading our article, and we are going to show you how you can get started with Binance, and how to buy Tezos (XTZ).
The best Investment Brokers to Trade Crypto CFDs with high leverage and Low commissions:
Step 1: Create a Binance account to buy Tezos (XTZ):
Visit Binance’s Website (https://www.binance.com/en)
The first step that you need to take in order to be able to buy Tezos (XTZ) is to visit Binance. Click here to take you to Binance registration page and Sign up with Binance.
Due to the fact that there have been many phishing cases reported to our team, we strongly recommend you check the URL and make sure that you are at the correct website before giving out your information. The last thing that you would like to happen to you is to give your information to a hacker/scammer that could use your information to steal your coins.
If you need to be 100% sure that you get on the button below to take you to the official Binance website.
Fill in your personal details
Binance will need you to give them some details before you get started. This information will be used in order to verify that your account is real and that you are not making any sort of suspicious activity. Getting through the registration process is really easy and will only require a couple of minutes of your time
Once you submit your information, Binance will validate this information and then they will approve your account or if they need any more information they will let you know in order for you to provide it. Generally, our visitors never had any issue with setting up their Binance account, however, if you have any issues, feel free to reach out to Binance’s live chat and they will help you immediately.
Turn on 2FA-Two-factor authentication
Binance takes security very seriously. You will be requested to turn on 2FA for your account in order to protect your account and your money from being stolen. Binance offers two types of 2FA authentication. One is email authentication which is you receive an email with a unique code every time that you are trying to log in, and the other method is through phone 2FA. We kindly suggest that you turn on both. It may take you a couple of more seconds to log in to Binance if you switch both 2FA types on, however, it’s worth the hassle as you will be 100% sure that your assets are as secure as possible.
Step 2: Buying your first Crypto Coins
Binance offers you access to 500+ cryptocurrencies, coins, and tokens that you can buy straight from their platform. Furthermore, they allow you to deposit in FIAT currency such as EUR, USD, GBP etc, and turn this money straight away into cryptos such as BTC, ETH, USDT, etc.
You have two options on how to send money to Binance. You are either going to use a Bank transfer or a Debit/Credit card.
Binance didn’t allow the use of credit or debit cards on its platform in the past, but they are now allowing it by partnering with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
In order to get started with buying Tezos (XTZ) you will need to deposit money (EUR, USD, GBP, etc) and exchange it with Bitcoin (BTC) or Ethereum (ETH).
It is easy to purchase Crptos via your credit or Debit card but I will show you the best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, Euros, and click the ‘Credit/Debit Card’. This will lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Crypto (Select BTC or ETH), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your card details and personal information too. Once done, you need to click “Pay now” and give it a few minutes to verify your details.
- You will be requested to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. You will need to upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
- After doing those steps, you will get your cryptos in no-time.
Step 3: Exchanging your Cryptos to Tezos (XTZ)
Once you have successfully deposited money and exchanged them for Bitcoin or Ethereum, you are now ready to buy any crypto coin or token that you want including Tezos (XTZ). You have two options to accomplish that.
Option 1: Check if Binance allows you to trade Tezos (XTZ) trough their platform. If they do, then you can go to trade, and select the relevant cryptocurrency that you want to exchange your bitcoins for. In that case, it will need to be Tezos (XTZ). In the case that Binance doesn’t offer trading on Tezos (XTZ), then you will need to move on to the 2nd option which requires a couple more steps, however, none of it is complicated.
Option 2: In that case, you will need to sign up for an AltCoin exchange such as HitBTC or any other AltCoin exchange that you may like. The signup flow of HitBTC should be similar to Binance’s if not a bit easier. Once you complete the signup to HitBTC, you will need to transfer your Bitcoins from Binance to HitBTC.
Step 4: Transfer BTC to AltCoin Exchange
After signing up for your account at one of the exchanges that trade Tezos (XTZ), you will need to transfer your Bitcoin from Binance to that specific AltCoin exchange.
You will do this through Binance’s wallet system.
How to Deposit BTC to HitBTC:
Click to “Deposit” from the top right menu. You will see BTC top on the currency list. Then, click deposit button and copy the given “Deposit Address”
This part may be difficult but don’t worry, it is easier than a bank transfer. Then copy your unique BTC wallet address and go back to Binance.
Then, move your cursor to “Wallet” on the right-hand side of the top bar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”.
Look for BTC in the list and click on “Withdraw” on the right-hand side. Then, paste the deposit address you just copied from the other exchange and select BTC as the transfer network.
Type the amount that you want to withdraw (you may click the Max button if you want to withdraw all). Next, click on the Submit button to begin the withdrawal process.
To continue with the withdrawal, Binance request for your 2FA code, and also you will have to confirm the withdrawal with an e-mail.
That’s all you need to do, now you should wait for a while so that the blockchain to confirm your transaction.
Other crypto coins that you can trade: