How To Buy Tezos (XTZ): Beginner’s Guide

Buying Tezos (XTZ) can be done simply with a credit card, Paypal or from any major bank accounts in almost any country you may be. Follow the simple instructions below on how to buy Tezos using all major fiat currencies such as USD, EUR, JPY, GBP, CAD, AUD, NZD or SGD.

buy tezos

What is Tezos?

Developed by ex-Morgan Stanley analyst Arthur Breitman. Tezos (XTZ) is a multi-purpose platform that supports dApps and smart contracts. It aims to combine a self-correcting protocol and on-chain governance to manage network modifications. Tezos is powered by XTZ, which is created through ‘baking’. Bakers put up deposits and are rewarded for signing and publishing blocks. Witnesses then validate the blocks. Dishonest bakers lose their XTZ deposits. Tezos uses delegated proof-of-stake (DPoS) and supports Turing complete smart contracts. Tezos is implemented in the OCaml programming language, which is said to offer ‘functional, imperative, and object-oriented styles’.

Why Buy Tezos?

Tezos is designed to provide the safety and code correctness required for assets and other high value use cases. Unlike in Proof-of-Work and other Proof-of-Stake networks, all stakeholders can help to secure the network (via baking or delegating), and avoid being diluted by inflation.

Tezos’ modular architecture and formal upgrade mechanism allow the network to propose and adopt new technological innovations smoothly as they emerge. These aspects, combined with Tezos’ on-chain invoicing mechanism, enable the protocol to remain the state-of-the-art long into the future — without sacrificing community consensus.

Where To Buy Tezos?

You can buy, sell or trade Tezos on some exchanges only. However you can buy Bitcoin (BTC) and other major altcoins here. I will explain how to buy Tezos more below.

1. CoinBase

coinbase
  • Buy BTC, ETH, XRP and 100+ cryptocoins with credit card at CoinBase
  • Supports major currencies: USD, EUR, GBP, CAD, AUD and more
  • Available in 200 countries
 

2. Binance

binance
  • Buy BTC, BCH, ETH, EOS, LTC, NEO, XRP and more with credit card at Binance
  • Supports all major fiat currencies USD, EUR and more
  • Available in all major countries except USA
 

3. CoinSwitch

coinswitch
  • Buy BTC, ETH and 100+ cryptocoins with credit card at CoinSwitch
  • Supports USD, JPY, RUB, EUR and more
  • Available in all major countries
 

4. CoinMama

coinmama
  • Buy BTC, ETH, ETC, BCH, LTC, ADA,QTUM, XRP with credit card, cash or bank transfer (SEPA) at CoinMama
  • Supports USD, EUR, GBP and all currencies
  • Available in more than 180 countries
 

5. LocalBitcoins.com

localbitcoins
  • Buy BTC, ETH and many others with cash or wire transfer at LocalBitcoins.com
  • Supports USD, EUR, GBP and all currencies
  • Available in more than 200 countries except USA, China, Indonesia, Syria and North Korea
     

How To Buy Tezos with Credit Card, Paypal or Bank Account?

Before you can buy, you will need a secure cryptocurrency wallet so that you can store your newly purchased cryptocurrency. More on that below.

You can buy Tezos (XTZ) with a credit card, Paypal, or bank account at CoinBase. It is that simple.

However, you may also buy Tezos (XTZ) by first purchasing Bitcoin or Ethereum through CoinBase (Currently ETH offers a much lower transfer and exchange fee than Bitcoin.) Then swap it with Tezos cryptocurrency. If you prefer this way, follow the steps below.

Step 1: Create an Account

Go to CoinBase to register a new account. However, you can also choose any other exchange listed above. Click Get Started and enter your name, email and password. If you already have an account, skip to Step 3.

coinbase create register sign up account

Step 2: Verify Your Account

Verify your email address to proceed. To prevent identity fraud or theft, you will need a photo ID to make sure it’s really you.

coinbase verify identity

Step 3: Buy Bitcoin (BTC) with Your Credit Card

Once verification is complete, click on the Accounts tab and click “Link a New Account” button to add your payment information.

coinbase link credit card

Click the Trade button and click the Buy tab. Choose your desired coin, enter the amount, and confirm your transaction in the second step. Bitcoin (BTC) is the most widely accepted at exchanges. You can also keep your Bitcoin here in CoinBase and let it appreciate hopefully and then sell or exchange to altcoins later.

coinbase buy bitcoin

Step 4: Get On the Exchange

Now we need to send your Bitcoin cryptocurrency that you have just bought to an exchange where Tezos can be traded. Since Tezos can also be traded at CoinBase, we will use this to do so. We do not need to transfer the Bitcoin to another exhange.

There are other alternative exchanges that also trade in Tezos if you wish to do so.

Step 5: Buy Tezos

Once you have confirmed you have Bitcoin, it is time to buy Tezos. You can check the prices of Tezos and other altcoins in the Summary price page.

Go to the Buy/Sell tab and enter your amount and click the Buy button. Once the order is fulfilled, you now have your shiny new Tezos in your account. Congratulations! Simple, wasn’t it.

You can either keep it in the exchange or send it to a secure wallet which is highly recommended. These wallets are highly recommended.

  • Trezor
  • Ledger
  • Exodus
  • Electrum

Hope this guide was helpful. Happy trading.

For more beginner’s guides on how to buy altcoins visit our guides.

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