Detailed buying, selling and trading tutorials for XTZ (with pictures and text)

To buy XTZ (Tezos), choose a reliable exchange, create an account, fund it with fiat or cryptocurrency, and place a market or limit order to purchase XTZ at the desired price.

Oct 24, 2024 at 07:42 am

XTZ (Tezos) Comprehensive Buying, Selling, and Trading Guide

XTZ (Tezos), a popular blockchain platform, allows users to buy, sell, and trade XTZ tokens. This guide provides step-by-step instructions on how to conduct these transactions securely and efficiently.

Step 1: Choose a Reliable Exchange

1. OKX: A reputable crypto exchange with a wide range of XTZ markets.
2. Binance: Another popular exchange with ample XTZ trading options.
3. Kraken: A secure and well-established exchange with limited XTZ markets.
4. KuCoin: A growing exchange with a variety of XTZ trading pairs.
5. Huobi: A global exchange with decent liquidity for XTZ.

Step 2: Create an Account

1. Visit the exchange's website or mobile app.
2. Click the "Register" or "Sign Up" button.
3. Provide personal details such as name, email, and password.
4. Complete the necessary verification steps (e.g., KYC).

Step 3: Fund Your Account

1. Log in to your account.
2. Navigate to the "Deposit" section.
3. Select a preferred deposit method (e.g., bank transfer, credit card).
4. Follow the instructions to transfer funds to your exchange wallet.

Step 4: Buy XTZ

1. Go to the "Buy" or "Trade" section.
2. Select the XTZ trading pair (e.g., XTZ/USDT).
3. Enter the amount of XTZ you wish to buy.
4. Choose a market order to purchase XTZ at the current market price or a limit order to specify a specific price.
5. Review the details and confirm the purchase.

Step 5: Sell XTZ

1. Follow steps 1-2 from "Buy XTZ."
2. Select the "Sell" or "Trade" tab instead of "Buy."
3. Enter the amount of XTZ you want to sell.
4. Select a market order or a limit order as desired.
5. Confirm the sale transaction.

Step 6: Trade XTZ

1. Go to the "Trade" section.
2. Select the desired XTZ trading pair.
3. Place a buy or sell order using a market, limit, or stop-limit order type.
4. Specify the order quantity and price (for limit and stop-limit orders).
5. Review and confirm the order.

Additional Tips:

• Research exchange fees and trading pairs before selecting an exchange.
• Store your XTZ tokens in a secure wallet after purchase.
• Monitor market trends and news to make informed trading decisions.
• Start with small trades to minimize risk, especially when trading on leverage.
• Consider using stop-loss orders to protect your profits.
• Seek professional advice if your trades become substantial.