It looks like you are a fan of Tezos, like me !!
If that’s true, I must say you are on the right track because Tezos is one of the few cryptocurrencies that will survive this crypto winter.
For those of you who don’t know about Tezos, here is a brief essence of it:
Tezos is an open source and decentralized self-amending blockchain protocol for deploying DApps and smart contracts. Of course, it is evident that is an Ethereum’s competitor but in the past, we have seen many Ethereum competitors.
So what makes Tezos different?
Well, Tezos provides an on-chain governance model based on proof of stake consensus mechanism which makes it more governable as well future ready for scalability solutions, unlike Ethereum that is currently struggling with scalability.
So without further add-on let’s look into some of the popular methods through which you can add Tezos cryptocurrencies to your crypto portfolio.
How To Buy Tezos (XTZ) Cryptocurrency?
The idea of Tezos popped up back in 2014, and as usual, Bitcoin was the inspiration.
But Tezos was created to address the shortcomings of Bitcoin by making it fork-proof through by on-chain governance and less energy intensive consensus mechanism, i.e., proof of stake.
Because of these two main features, investors are interested in Tezos as they want to hedge against their other crypto holdings. And they are even doing so as there quite a few avenues available to buy Tezos.
Here are popular options that you can explore to buy Tezos:
- Buy Tezos (XTZ) with Bitcoin or Ethereum using Changelly
- Buy Tezos (XTZ) with bank deposits or wire transfer
- Buy Tezos (XTZ) from Tezos exchanges with other cryptocurrencies
- Buy Tezos (XTZ) peer-to-peer with Cash
Now that you are aware of all the popular ‘How to’ options for purchasing Tezos, let us see where you can actually buy Tezos cryptocurrency through each of these options.
Where To Trade (Buy/Sell) Tezos Coins?
#1. Buy Tezos (XTZ) with Bitcoin or Ethereum using Changelly
Whatever cryptocurrency you need, Changelly has got your back.
This time too, Changelly provides with the easiest way to purchase your Tezos coins if you already have BTC/ETH or any other Changelly supporter cryptocurrency.
Hey, @tezos fans! In case you've missed, we listed #XTZ 😮 Please watch a neat guide to converting any #crypto to #Tezos on Changelly👇
Like, subscribe and share with your friends!@TezosFoundation @TezosCommunity @TezosCommons @TezosInsider $XTZ https://t.co/W24DoZJylm
— Changelly.com (@Changelly_team) January 9, 2019
They of course, recently listed Tezos for exchange on Changelly because before that it wasn’t so easy to get hold of your Tezos cryptocurrency.
The fee is quite low on Changelly as it only takes 0.5% of your transaction.
To be able to do this through Changelly, you will need this:
- First, get your Tezos wallet address ready where you would like to receive your Tezos.
- Second, you should have some bitcoins/altcoins to exchange for Tezos.
So what are you waiting for?
Go ahead and claim your Tezos !!
#2. Buy Tezos (XTZ) with bank deposits or wire transfer
Buying Tezos for fiat currencies is also easy because there are quite a few Tezos exchanges that allow you to buy Tezos from their fiat linked crypto accounts.
But mind you, you need to complete a KYC check before trading Tezos on these exchanges because you are touching fiat here.
In any case, these services have made it easy for you to buy Tezos in fiat so a fair price of KYC, anyone can pay for the convenience of fiat.
Here are those fiat linked crypto exchanges that allow you to buy XTZ for USD/EUR/CAD etc.:
- BitPanda: Supported trading pairs are, XTZ/EUR, XTZ/ USD, XTZ/CHF, XTZ/GBP
- Kraken: Supported trading pairs, XTZ/EUR, XTZ/ USD
- Bitfinex: Supported trading pairs, XTZ/ USD
So here on these Tezos exchanges, you can very well deposit your fiat currencies once you have completed your registrations on these exchanges, you can start buying/selling Tezos coin.
Plus you get additional features such as an order book and other advanced trading tools when you choose Kraken or Bitfinex, but Bitpanda doesn’t provide that yet.
#3. Buy Tezos (XTZ) from Tezos exchanges with other cryptocurrencies
Another easy and fast way of buying Tezos is through centralized crypto-to-crypto exchanges.
These exchanges don’t have stringent KYC rules, and moreover, you get access to real-time order books for placing your trading bids.
For using this method, you should have any other cryptocurrencies such as BTC/ETH or USTD through which you will be easily able to convert them into XTZ when required.
Here are some of the established cryptocurrency exchanges that you can use for this:
- Huobi: Supported pairs are XTZ/BTC, XTZ/ETH
- Gate.io: Supported pairs are XTZ/BTC, XTZ/USDT
Both these exchanges are quite reputed.
Huobi Global is a Singapore based cryptocurrency exchange having huge liquidity, and it started trading Tezos in December 2018. Also, this exchange supports US customers, so you need not worry.
On the other hand, Gate.io is a well funded and highly liquid crypto exchange which provides Tezos trading and guess what? You also get the Tezos baking rewards for trading on Gate.io.
#4. Buy Tezos (XTZ) peer-to-peer with Cash
Buying Tezos from peer to peer resources isn’t possible because there aren’t any ATMs for it nor any P2P services like LocalBitcoins.
Having said that it doesn’t mean you cannot deal in peer to peer manner if you get a deal. But beware, trading P2P on your own can be challenging as well as risky because there are many fraudulent entities too in the market.
That’s why I have kept this option in the last, but as soon as more legit peer to peer services hit the market for trading Tezos, we will be the first to let you know.
So that’s all from us today in this article.
Hope this article helps you in buying Tezos from the right services.
Lastly, don’t store your Tezos on any of these services because they are centralized services which can be hacked anytime. That’s why have a look at some of the best Tezos wallets available in the market that we have listed for you!!
If you like this article? Do share it with your friends who want to buy Tezos !!
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.