Tezos, a leading cryptocurrency with innovative features, has experienced impressive growth since its launch. Its unique proof-of-stake consensus and strong community appeal make it an attractive option for investors. We’ll guide you through easy, quick, and secure methods to buy and store Tezos. In our opinion, Coinbase is the best platform to buy Tezos. Why Coinbase?
- Coinbase is trusted by BlackRock and has a Deposit protection.
- Coinbase has super low fees and is almost an industry leader in this category.
- Coinbase has the best customer support in the industry according to our tests.
The following table explains why Coinbase is the best choice for buying Tezos.
Exchange | ||||||
Rating | ||||||
Fees | 0,15% | 0,10% | 0,99% | 1,5% | 1% | 1% |
Cost per $1,000 | $1,50 | $1 | $9,90 | $14,90 | $10,00 | $10,00 |
Cost per $100,000 | $150 | $100 | $990 | $1,500 | $1,000 | $1,000 |
Transfer to external wallet | ||||||
Security | ||||||
Details | Trusted by BlackRock | Super low fees | Big portfolio | Secure but expansive | Fast verification | Variety of Memecoins |
Link |
Buy Tezos on Coinbase
Tezos, an innovative and growing cryptocurrency, has gained significant attention in the market. Known for its advanced proof-of-stake consensus and self-amending blockchain, Tezos offers a unique investment opportunity. We’ll guide you through easy, fast, and secure methods to buy and store Tezos. When it comes to buying Tezos, Coinbase is the top choice. Why Coinbase?
Coinbase is a regulated crypto custodian with licenses across the globe. This ensures that Coinbase meets stringent security standards and is overseen by financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase for the custody of Bitcoin within its Bitcoin ETFs, demonstrating the exceptional level of security Coinbase provides.
While you can opt to use external wallets, Coinbase offers a highly secure environment for storing your Tezos. Unlike some platforms that impose delays on withdrawals, Coinbase processes them immediately, giving you quick access to your funds.
Another advantage of Coinbase is its cost-effectiveness. Coinbase’s fees are incredibly competitive at 0.15%, significantly lower than the industry average. To put this into perspective, some platforms charge higher fees for similar transactions, which makes Coinbase a more affordable option for Tezos trading.
Security is a top priority for Coinbase, with features like two-factor authentication providing an added layer of protection for your account. Additionally, Coinbase offers responsive customer support, typically getting back to you within 24 hours. (We can personally vouch for their helpful and efficient support team.)
Designed with user experience in mind, Coinbase is easy to navigate. Its intuitive interface is ideal for both beginners and experienced traders. Plus, with apps available for Android and iOS, you can manage your Tezos portfolio and execute trades from anywhere with ease.
Coinbase is one of the most popular and user-friendly platforms to buy Tezos (XTZ). Here’s how you can buy Tezos easily, securely, and quickly on Coinbase.
Step 1: Sign Up for Coinbase
Before you can start buying Tezos, you need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” You will be prompted to enter your name, email, and a password. Once completed, click “Create Account.”
Step 2: Verify Your Identity
Coinbase requires you to verify your identity to comply with regulatory requirements. You will need to upload a government-issued ID and provide personal details like your address and date of birth. This process may take a few minutes to complete.
Step 3: Add a Payment Method
To buy Tezos, you need to link a payment method. Coinbase supports several options, including:
- Bank Account: Link your bank account for lower fees and higher transaction limits.
- Credit or Debit Card: Ideal for faster purchases, though fees are typically higher than bank transfers.
- PayPal: Coinbase also supports PayPal for deposits and withdrawals in certain countries.
Step 4: Buy Tezos
Once your account is set up and your payment method is linked, you’re ready to buy Tezos!
- On the Coinbase dashboard, navigate to the “Buy/Sell” section.
- Select Tezos (XTZ) from the list of available cryptocurrencies.
- Enter the amount of Tezos you wish to purchase, either in your local currency (e.g., USD, EUR) or XTZ.
- Choose your payment method (e.g., bank account, credit card).
- Review the transaction details, including any fees, and click “Buy Now” to complete the purchase.
Step 5: Store Your Tezos Securely
After purchasing Tezos, it will be stored in your Coinbase wallet. For added security, it’s recommended to transfer your Tezos to a personal wallet (such as a hardware wallet from Ledger or Trezor) rather than keeping it on Coinbase, which is an online exchange.
Benefits of Buying Tezos on Coinbase:
- User-Friendly Interface: Coinbase is known for its intuitive design, making it easy for beginners to navigate.
- High Security: Coinbase uses industry-standard security measures such as two-factor authentication (2FA) and insurance for funds held in the Coinbase Vault.
- Wide Payment Options: Coinbase supports multiple payment methods, including bank transfers, credit cards, and PayPal.
Buy Tezos on Binance
Tezos is a groundbreaking cryptocurrency that features a self-amending blockchain and a unique proof-of-stake consensus. With its increasing popularity, Tezos is now easily accessible for investors through platforms like Binance. In this guide, we’ll walk you through how to buy and trade Tezos (XTZ) using different payment methods like credit cards and cryptocurrencies on Binance.
Step 1: Register on Binance
Binance offers the option to verify your identity, which is optional but recommended. By completing the verification process, you can increase your daily withdrawal limit to 100 BTC (or equivalent in Tezos). Without verification, the daily limit is 2 BTC (or equivalent), but you can still use all other features of the platform.
Step 2: Buy Tezos with a Credit Card
To buy Tezos (XTZ) with a credit card on Binance, follow these steps:
- Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
- Select Your Payment Currency: Choose Tezos (XTZ) as your cryptocurrency and select your payment currency (Euro or USD).
- Enter Your Personal Information: Fill in your personal details as requested.
- Verify Email and Phone Number: You will need to verify both your email and phone number by entering a verification code sent to each.
- Proceed to Payment: After verification, click “Next” to enter your credit card details and proceed with payment.
- Upload ID for Verification: To complete the process, you’ll need to upload the front and back of your passport for identity verification.
Important Notes Before and After Your Purchase
- Tezos Price Fluctuation: The Tezos amount shown may change based on market fluctuations. If the rate changes by more than ±2.5%, you will need to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
- Transaction Fees: Simplex charges a 3.5% fee per transaction, or USD 10, whichever is higher.
- Transaction Limits: The daily limit for purchases is USD 20,000 per user, with a monthly limit of USD 50,000. The minimum transaction amount is USD 50.
- Track Payment Status: After completing your purchase, you can track your payment and deposit history via Simplex.
Step 3: How to Trade Tezos on Binance
If you already own other cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), you can deposit them into your Binance account and trade them for Tezos (XTZ). Here’s how to exchange Ethereum (ETH) for Tezos (XTZ):
- Deposit Ethereum (ETH): If you have Ethereum (ETH) on another exchange or wallet, you can send it to your Binance Ethereum wallet address. If not, purchase Ethereum on a platform like Litebit and transfer it to Binance.
- Access the Deposit Section: Once logged in, click on “Funds” in the navigation bar, then select “Deposit.”
- Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum.” You will find your unique Ethereum wallet address to use for depositing your Ethereum.
- Exchange Ethereum for Tezos: After your Ethereum arrives in your Binance account, you can trade it for Tezos by navigating to the “Markets” tab, selecting “ETH/XTZ,” and placing your order.
Additional Trading Tips
- Leverage Trading: Binance provides margin trading for advanced users. This allows you to increase the size of your trades and potentially amplify your profits (but with higher risk). Be sure to fully understand leverage before using this feature.
- Security: Protect your account with two-factor authentication (2FA). Binance also provides various security features, including cold storage for crypto funds and insurance coverage in the event of significant losses.
Buy Tezos on Kraken
Kraken Kraken is a highly regulated cryptocurrency exchange that holds licenses across multiple global jurisdictions. This ensures that Kraken adheres to rigorous security standards and operates under the supervision of financial authorities, safeguarding your assets. Trusted by institutional investors, Kraken’s reputation for security is further reinforced by its custody of cryptocurrencies for major financial entities.
Kraken provides users with the flexibility to use external wallets, while also offering a highly secure environment for storing your Tezos. Unlike some platforms, Kraken processes withdrawals quickly, so you can access your funds without unnecessary delays.
When it comes to cost-effectiveness, Kraken’s fee structure is competitive. Its trading fees are tiered, with the lowest fees at 0.16% for makers and 0.26% for takers—significantly lower than many other exchanges.
User security is a top priority on Kraken, with features such as two-factor authentication (2FA) and encryption to protect your account. The platform also provides responsive customer support to address any inquiries or issues.
Kraken is designed to be accessible and user-friendly, catering to both novice and experienced traders. Its intuitive interface is complemented by mobile apps for both Android and iOS devices, allowing you to manage your Tezos portfolio and trade conveniently on the go.
Kraken is one of the most trusted and secure platforms to buy Tezos (XTZ). Here’s how you can buy Tezos securely and efficiently on Kraken.
Step 1: Sign Up for Kraken
To get started with buying Tezos, create an account on Kraken’s platform. Visit Kraken.com and click on “Create Account.” You will be asked to enter your name, email, and create a secure password. Once completed, click “Create Account.”
Step 2: Verify Your Identity
Kraken requires you to verify your identity to comply with financial regulations. You will need to upload a government-issued ID and provide personal details such as your address and date of birth. This verification process is necessary for your security and may take a few minutes to complete.
Step 3: Add a Payment Method
To buy Tezos, you must link a payment method. Kraken supports several payment options, including:
- Bank Account: For lower fees and higher transaction limits.
- Credit or Debit Card: Ideal for faster purchases, though fees tend to be slightly higher than bank transfers.
- Wire Transfers: For larger purchases, Kraken also supports wire transfers in several countries.
Step 4: Buy Tezos
Once your account is set up and a payment method is linked, you’re ready to buy Tezos!
- On the Kraken dashboard, go to the “Buy Crypto” section.
- Select Tezos (XTZ) from the list of cryptocurrencies.
- Enter the amount of Tezos you’d like to purchase, either in your local currency (e.g., USD, EUR) or in XTZ.
- Choose your payment method (e.g., bank account, debit card).
- Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.
Step 5: Store Your Tezos Securely
After purchasing Tezos, it will be stored in your Kraken wallet. For enhanced security, it’s recommended to transfer your Tezos to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, an online exchange.
Benefits of Buying Tezos on Kraken:
- User-Friendly Interface: Kraken is known for its clear and easy-to-navigate design, making it simple for beginners to use.
- High Security: Kraken employs top-tier security measures such as two-factor authentication (2FA) and provides insurance for funds held in its vault.
- Competitive Fees: Kraken offers low, competitive fees, making it an attractive option for both small and large transactions.
- Multiple Payment Options: Kraken supports various payment methods, including bank transfers, credit cards, and wire transfers, to cater to different user needs.
Buy Tezos on Kriptomat
About Kriptomat
In contrast to established platforms like eToro, Kriptomat is a relatively young cryptocurrency exchange, but it has quickly built a reputation for reliability. On Kriptomat, you can buy over 30 cryptocurrencies directly using Euro (EUR), USD, and other fiat currencies, including Tezos (XTZ). You can also send your Tezos directly to an external wallet. It’s important to note that Kriptomat is currently available only in Europe, meaning users from regions like the USA cannot access the platform.
Kriptomat is especially attractive to beginners due to its modern and easy-to-use interface. The platform is fully licensed by the Estonian government, ensuring compliance with regulations and bolstering its credibility.
One of Kriptomat’s standout features is its fee structure. Unlike many other exchanges and brokers, Kriptomat does not charge a price premium on cryptocurrencies. The price you see for Tezos (XTZ) reflects the spot price, and the only additional cost is a small transaction fee. These fees are always clearly displayed before confirming your order. Here’s how you can set up your account and buy Tezos on Kriptomat:
Set up a Tezos Account on Kriptomat
Kriptomat adheres to European Union regulations, so you must complete identity verification to use the platform. To get started, visit the official Kriptomat website at kriptomat.io and click on the “Register” button. A pop-up will prompt you to enter your name, email address, and a secure password.
After registering, Kriptomat will send you a confirmation email. Click the link in the email to verify your account. Once verified, log in using your credentials. However, you’re not quite done yet. To proceed with purchasing Tezos, you need to verify your phone number. Kriptomat will send an SMS with a verification code, which you’ll need to enter on the website.
Kriptomat’s identity verification process follows strict EU guidelines. To continue, click the verification prompt. A new pop-up will ask you to enter your address (street, city, country) and upload a scan or photo of your passport or ID card.
Kriptomat offers a convenient verification process, which you can complete on your smartphone. By clicking the SMS link, you’ll be directed to use your phone’s camera to take a photo of your ID (front and back) and upload it directly. For the final step, Kriptomat will ask you for a selfie, which you can easily take using your phone.
If you intend to buy Tezos via SEPA bank transfer, you’ll need to add your bank account at this stage. However, if you’re using a method like Neteller, Skrill, or a credit card, you won’t need to link a bank account. Once you’ve completed the registration, you’re fully verified and ready to purchase Tezos without any additional steps.
Buy Tezos on Kriptomat
Purchasing Tezos on Kriptomat is very simple. First, navigate to the “Buy/Sell” tab and click on “Buy.” You will then see a list of available cryptocurrencies, including Tezos (XTZ).
Next, choose your payment method. If you want to buy Tezos with Euro via SEPA bank transfer, you’ll need to link your bank account. For faster purchases, you can use a credit card, Neteller, or Skrill without needing to enter additional details.
Once you’ve selected your payment method, simply enter the amount of Tezos (XTZ) you want to purchase. After clicking “Buy Tezos,” the transaction fees will be displayed. To finalize the purchase, click “Confirm transaction.”
Kriptomat will confirm your purchase and redirect you to the “My Wallet” section, where your Tezos will appear within seconds. You can also check your transaction summary in your wallet.
Kriptomat provides a clear and straightforward process for purchasing Tezos, making it a great option for beginners who want to start investing in this innovative cryptocurrency.
Buy Tezos at Anycoin
Anycoin is a popular cryptocurrency exchange platform that offers a straightforward and secure way to buy and sell Tezos (XTZ) alongside other cryptocurrencies. Whether you are a beginner or an experienced trader, Anycoin provides an intuitive interface and various features to make crypto trading seamless and safe.
Key Features of Anycoin:
- User-Friendly Interface: Anycoin offers a clean, easy-to-navigate platform, perfect for newcomers to cryptocurrency trading while also providing advanced tools for experienced traders.
- Wide Selection of Cryptocurrencies: In addition to Tezos (XTZ), Anycoin supports a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many more, making it easy to diversify your portfolio.
- High Security Standards: Security is a top priority for Anycoin, with features like two-factor authentication (2FA) and SSL encryption to protect your account and transactions, ensuring that your Tezos holdings are safe from external threats.
- Low Fees: Anycoin offers competitive fees for both trading and transactions, providing an affordable option for users looking to buy and sell cryptocurrencies, including Tezos.
- Multiple Payment Methods: You can purchase Tezos using various payment options, such as bank transfers, credit cards, and sometimes PayPal, depending on your location.
- Fast Transactions: Anycoin processes transactions quickly, ensuring that you can access your Tezos (XTZ) without long waiting times, which is particularly valuable in the fast-moving cryptocurrency market.
- Support for Wallets: Anycoin provides its own wallet for storing your crypto assets, but it’s recommended to transfer your Tezos to a personal wallet (like a hardware wallet) for added security.
- Dedicated Customer Support: Anycoin offers responsive customer support to assist with any issues or questions that may arise while using the platform.
- Mobile Apps: Anycoin has mobile apps available for both Android and iOS, allowing you to manage your portfolio and trade on the go.
How to Buy Tezos on Anycoin:
- Create an Account: Visit the Anycoin website and click on “Sign Up.” Enter your name, email address, and create a secure password. You’ll receive a verification email to confirm your account.
- Verify Your Identity: To comply with regulatory requirements, Anycoin will ask you to verify your identity. This may involve submitting a government-issued ID and providing some personal information.
- Link a Payment Method: To purchase Tezos, you’ll need to link a payment method to your account. Anycoin supports several payment methods, including bank transfers, credit cards, and PayPal.
- Make Your Purchase: After verifying your account and linking a payment method, go to the “Buy” section, select Tezos (XTZ), and enter the amount you wish to buy. Review the transaction details and fees, then complete your purchase.
- Store Your Tezos Securely: After purchasing Tezos, it will be stored in your Anycoin wallet. For added security, it’s recommended to transfer your Tezos to a personal wallet, such as a hardware wallet, for safer storage.
Benefits of Using Anycoin:
- Simple and Easy to Use: Anycoin’s user-friendly interface makes it easy for everyone, from beginners to seasoned traders, to buy and trade Tezos and other cryptocurrencies.
- Secure Platform: With advanced security measures, such as 2FA and SSL encryption, your funds, including Tezos, are well-protected.
- Variety of Cryptocurrencies: In addition to Tezos, Anycoin offers a broad selection of cryptocurrencies, giving you the flexibility to diversify your portfolio.
- Competitive Fees: Anycoin offers low trading fees, making it a cost-effective choice for those buying and selling Tezos.
- Quick Transactions: Anycoin ensures that your Tezos purchase is processed promptly, giving you fast access to your assets.
Buy Tezos at ByBit
Bybit is a well-established cryptocurrency exchange known for its advanced trading features and high liquidity. Although it is primarily used by experienced traders, Bybit also allows users to trade a variety of cryptocurrencies, including Tezos (XTZ), through spot trading, margin trading, and derivatives (futures contracts). It is particularly popular among those interested in leverage trading and professional-grade tools.
Key Features of Bybit:
- Advanced Trading Tools: Bybit offers a range of professional tools including spot trading, margin trading, and derivatives (futures contracts) for trading Tezos (XTZ). The platform also provides advanced charting features and technical analysis tools to assist users in making informed decisions.
- High Liquidity: Known for its high liquidity, Bybit ensures that large trades of Tezos can be executed with minimal slippage. This makes it a trusted platform for both day traders and those holding long-term positions.
- Leverage Trading: Bybit allows users to trade Tezos with leverage, offering the potential to amplify profits. However, leverage trading carries higher risks, and it’s important to use it with caution.
- User-Friendly Interface: Despite offering advanced tools, Bybit maintains an intuitive interface that is accessible to both beginners and seasoned traders. The platform’s clean design helps users navigate various features effortlessly.
- Security Features: Bybit prioritizes the security of its users’ assets with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund designed to protect against extreme market conditions.
- Mobile App: Bybit’s mobile apps for Android and iOS enable users to trade Tezos and manage their portfolios on the go. The apps offer many of the same features as the desktop platform, ensuring you stay connected to the market wherever you are.
- Fast Transactions: Bybit offers one of the fastest transaction processing speeds in the industry, ensuring that trades of Tezos are executed quickly, which is crucial in volatile markets.
- Referral Program: Bybit features a referral program where users can earn rewards by inviting others to join the platform, helping expand the community while earning additional income.
- Customer Support: Bybit provides 24/7 customer support to assist users with any issues or questions, ensuring that help is available whenever needed.
How to Buy Tezos on Bybit:
- Create an Account: To get started, visit the Bybit website and click “Sign Up.” Provide your email address and create a secure password. You will receive a verification email to activate your account.
- Verify Your Identity: Bybit requires identity verification to comply with regulatory standards. This may involve submitting a government-issued ID and providing personal information to verify your identity.
- Deposit Funds: After your account is set up, you need to fund it. Bybit supports deposits in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and USDT (Tether). You can deposit these cryptocurrencies directly into your Bybit wallet.
- Buy Tezos: To buy Tezos on Bybit:
- Navigate to the “Spot” trading section on the platform.
- Select Tezos (XTZ) as the cryptocurrency you wish to purchase.
- Choose your trading pair (e.g., XTZ/USDT).
- Enter the amount of Tezos you want to buy and review the transaction details.
- Confirm the purchase to complete the transaction.
- Store Your Tezos: After purchasing Tezos, it will be stored in your Bybit wallet. However, for added security, it’s recommended to transfer your Tezos to a private wallet, such as a hardware wallet (e.g., Ledger or Trezor), instead of keeping it on the exchange.
Benefits of Using Bybit:
- Advanced Trading Options: Bybit is ideal for traders who want access to advanced tools, such as leverage trading, margin trading, and a variety of crypto assets, including Tezos.
- Fast Execution and High Liquidity: Bybit ensures quick order execution and deep liquidity, which is crucial for active traders in fast-moving markets.
- Security: Bybit places a strong emphasis on security, with features like two-factor authentication (2FA), cold storage, and an insurance fund to cover unexpected market events.
- Mobile Trading: Bybit’s mobile apps allow users to trade Tezos and manage their portfolios from anywhere, providing flexibility for traders on the go.
- Competitive Fees: Bybit offers low trading fees, making it an attractive platform for traders looking to minimize costs.
- 24/7 Support: Bybit provides round-the-clock customer support to help resolve any issues or concerns quickly and effectively.
Best Tezos wallet: Electrum
When using a desktop wallet, we have had excellent experiences with the Tezos Electrum Wallet. In this guide, we will show you how to download and use it. Start by visiting the official site and download the wallet (click!). By clicking on the link, you will be directed to the website where you can download the wallet. Scroll down a bit and then click on the “Download Electrum” button.
You’ll then land on a page where you need to choose the appropriate wallet for your operating system. If you are using Windows, select the Windows wallet version. For example, if you’re on Windows, click on the “Windows Installer” button (see image: red arrow). If you want the app for Android, select the Android version accordingly:
Once the file is downloaded, click on the setup file. Choose the directory where you’d like the wallet to be installed and click “Install.” The installation should only take a couple of minutes. After installation, click “Close.”
Congratulations! The wallet is now installed. Start the Tezos Electrum Wallet by double-clicking the Electrum icon on your desktop. The software will first ask how you’d like to connect to a server. As a beginner, we recommend selecting “Auto connect.”
The Electrum software will then detect that you have not yet created a wallet. Simply click “Continue,” and you can give the wallet a name if desired. You’ll have the option to set up different types of wallets. If this setup seems overwhelming at first, we recommend choosing the “Standard wallet” option. The standard wallet is free and functions perfectly.
Alternatively, if you prioritize security, you can create a “Wallet with two-factor authentication“. To use this setup, you will need a smartphone and the Google Authenticator app, available on the App Store or Google Play. Keep in mind that using two-factor authentication requires an additional fee. However, we highly recommend it as it significantly increases the safety of your wallet.
After clicking “Next,” you’ll be prompted to generate a seed. We recommend using the “Segwit” option as it’s the most commonly used address format. The seed is a 12-word phrase, which acts as your key to the wallet if you lose your password or experience a computer failure. It’s crucial that you write this seed down and store it in a safe place, preferably on paper.
In the next step, you’ll need to re-enter the seed to confirm. Once successful, Electrum will ask you to create a password. The longer, the better—make sure it includes numbers and special characters. You will use this password every time you access your wallet, so keep it secure.
Now you’re ready to use the Electrum Wallet. You can find the “Receiving Address” in the top right corner under the “Receive” column. Copy this address and use it as the “Receiving Address” when transferring Tezos from exchanges like Litebit. Once the address is entered and the payment method is selected, you can click “buy.” Your transaction should be credited to your wallet within 24 hours.
If you have any questions or need assistance, feel free to leave a comment, and we’ll be happy to help!