Tezos is one of the most reputable cryptocurrencies. There are multiple ways to buy the Tezos coin in easy steps. To begin with, you first have to create an account on any valid cryptocurrency exchange platform. Then you have to deposit money in it, and finally, you can buy Tezos. We have explained the process of buying Tezos step-by-step below.
Step 1: Find a cryptocurrency exchange
Find a reliable platform, such as Kraken, BC Bitcoin, Coinbase, or Binance, that performs the exchange process in cryptocurrency and supports Tezos coin. Most of the platforms that support exchanges require verification through email address, phone number, and proof of ID to get registered on them.
Step 2: Create an account and fund it
After making an account, you are needed to fund your account or wallet in that exchange platform. Funding refers to the use of fiat money from transfer from a bank or from a credit card. If you have crypto coins, you can also use them as an alternative to fiat money. Once the transaction has been confirmed by the network, the deposit will be visible. Now you are ready to buy the Tezos coin.
Step 3: Search for Tezos (XTZ)
Now you have to search for a Tezos coin trading pair. For example, if you have funded the exchanging platform using US dollars, search for XTZ/USD, and for a pair with Bitcoin, search for XTZ/BTC.
Step 4: Buy Tezos
Finalize your purchase by re-assuring that you have entered the correct amount of Tezos coins you want to buy. Click on the finalize button. Now check the balance in Tezos wallet. You would have got your bought Tezos coins.
The Tezos cryptocurrency plays a vital role in operating and improving the Tezos network and can be used for storing, using, sending, and staking purposes. By holding and baking Tezos coins, you can get the right to vote for progress and upgrades in the network, as each vote is directly related to the amount of XTZ coins you stake.
Also read: Tezos (XTZ) Price Prediction 2021 and Beyond – Will XTZ Reach $100?
Takeaways:
- Tezos is one of the most reputable cryptocurrencies.
- Create an account on a valid cryptocurrency exchange platform to buy Tezos.
- Deposit fiat money in your account on an exchange platform.
- Use the deposited money to, or bitcoins buy the Tezos coins.
- The Tezos cryptocurrency plays a vital role in operating and improving the Tezos network and can be used for storing, using, sending, and staking purposes.