How to Buy Tezos (XTZ) in 4 Easy Steps

Automatically updated 3 minutes ago

Quick Answer:

You can buy Tezos and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Tezos.
  2. Register a new account.
  3. Fund your account.
  4. Buy Tezos.
XTZ
$0.88793724889779

These steps are simple if you know where to buy Tezos cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Tezos (XTZ) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Tezos Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

68

Only 68 of these exchanges sell Tezos.

We then filter down the entire set of possible marketplaces to only the ones that have active XTZ markets.

36

Only 36 of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

7

Only 7 remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Binance

World's largest crypto exchange, known for its wide range of trading options, low fees, and strong security features.

VISIT Binance Read Review
Reasons we ♥ Binance:
Low Fees
Wide Selection of Cryptocurrencies
Extensive Trading Tools and Options
Robust Security Features
Educational and Extra Features
CRYPTOCURRENCIES:376
FUNDING:
Apple Pay
,
Google Pay
,
Bank Transfer (ACH)
,
Wire Transfer
,
Debit Card
,
SEPA

Step 2Register Your New Account

Users have the option to sign up using their email address, phone number, or directly with an Apple or Google account. It's important to select the account type carefully, as it cannot be changed after registration.

  • Go to Binance Website: Visit the Binance website and click on 'Register'. Choose your preferred registration method (email address, phone number, Apple, or Google account).
  • Enter Email/Phone Number: If registering with an email or phone number, enter the details. Optionally, if referred by a friend, enter their Referral ID. Agree to the Terms of Service and Privacy Policy, then click 'Next'.
  • Verification Code: Receive a 6-digit verification code via email or phone. Enter this code within 30 minutes and submit it.
  • Create Password: Create a secure password for the account. It must have at least 8 characters, including at least one uppercase letter and one number. Click 'Next'.
  • Account Creation Confirmation: Upon completing these steps, the Binance account is successfully created​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at Binance, there are several funding methods you can use to buy Tezos cryptocurrency.

You can buy Tezos on Binance using:

  • Apple Pay: Instant processing time
  • Google Pay: Instant processing time
  • Bank Transfer (ACH): 1-3 days processing time
  • Wire Transfer: 1-3 days processing time
  • Debit Card: 1-3 days processing time
  • SEPA: 0-5 days processing time

Step 4Buy Tezos (XTZ)

After registering and funding your account at Binance, you should be able to buy Tezos after your deposit finishes processing. After you receive your XTZ, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Tezos Exchanges

Tezos is also available on these exchanges:


About Tezos

What is Tezos (XTZ)?

Tezos (XTZ) describes itself as a “self-amending crypto-ledger” and is a novel proof of stake (POS) cryptocurrency that offers advancements on both bitcoin and Ethereum protocols. Focused on security and simplicity in mind, Tezos is programmed in OCaml, a computer language that is dedicated to speed, unambiguous syntax, and semantics, which helps to assure programs developed on top of it are accurate and not prone to hacking events. It makes use of Turing complete smart contracts to assure that advanced transactions are conducted securely and efficiently.

History of Tezos

Tezos was co-founded by Kathleen and Arthur Breitman in 2017. The Breitmans retain ownership of the Tezos code through a Delaware-based company named Dynamic Ledger Solutions. The Tezos ICO ran from July 1st – July 13th, 2017 and collected a total of  65,681 bitcoins and 361,122 ethers, raising a total of $232 million, making it one of the most successful ICOs of all time.

On June 30th, 2018, Tezos launched its main platform for beta testing, announcing that the final version of the network would be ready for launch later in the year. Starting as an Ethereum-based token, Tezos tokens are currently being redeemed and transferred over to its main platform, where an initial ten billion tokens were created.

How Tezos Works

Although Tezos uses a Proof of Stake algorithm to implement cryptographic security, its most advanced feature is that it allows for self-amendment, meaning that its software protocol can suggest changes contributing to its performance enhancement. These changes are only implemented after being voted upon by members (“stakeholders”) of the network. It features a block time of about one minute and rewards those staking coins in their wallet with additional coins, the amount proportional to that being staked by the wallet. The initial coin generation rate will be roughly equivalent to an interest rate of 33% per year.

Like Ethereum, Tezos uses smart contracts to execute advanced transaction functionalities; namely the creation of in-platform tokens and language associated with programs built on the platform’s API. Unlike Ethereum, Tezos imposes a hard cap on the length of time for which a smart contract can be executed in order to reduce burden placed upon its blockchain and the miners. The Tezos API is tailored to host banking and finance specific DApps with an extra emphasis on security and reduction of chance of programming error.

Why Would I Want to Buy Tezos?

In an attempt to build a new type of blockchain that carries with it the best of bitcoin, Ethereum and Proof of Stake architecture, Tezos offers the following advancements in cryptocurrency:

  • On-Chain Governance: the Tezos protocol offers a formal process through which stakeholders can efficiently govern the protocol and implement future innovations.
  • Security: the Tezos blockchain was designed to facilitate formal verification, which helps secure smart contracts and avoid buggy code.
  • Novel Proof of Stake Mechanism: Tezos’ unique proof-of-stake consensus algorithm gives every stakeholder the opportunity to participate in the validation of transactions on the network and be rewarded by the protocol for doing so.
Tezos (XTZ)
Price
$0.88793724889779
24h Change
0.0
7d Change
8.0