How to get XTZ coin? XTZ coin purchase and acquisition method complete graphic tutorial

Understanding the native cryptocurrency of the Tezos blockchain, XTZ coin, and its decentralized, proof-of-stake governance system is a crucial first step towards acquiring it.

Oct 26, 2024 at 10:41 am

How to Get XTZ Coin: A Comprehensive Guide

1. Understand Tezos and XTZ Coin

XTZ is the native cryptocurrency of the Tezos blockchain, a decentralized, proof-of-stake blockchain known for its on-chain governance mechanism. Tezos allows users to vote on proposed protocol upgrades, giving them direct say in the network's development.

2. Choose a Cryptocurrency Exchange

Several reputable cryptocurrency exchanges offer XTZ for purchase. Consider factors such as trading fees, security, and customer support when selecting an exchange. Here are some popular options:

• OKX
• Binance
• Coinbase
• Kraken
• Gemini

3. Create an Account

Visit the chosen exchange's website and create a user account. Provide your personal information, such as email address and identity verification documents, as required.

4. Fund Your Account

Choose a deposit method to add funds to your exchange account. Common methods include bank transfer, credit/debit card, and wire transfer.

5. Buy XTZ Coin

Once your account is funded, navigate to the exchange's trading interface. Search for the XTZ/USD, XTZ/USDT, or XTZ/BTC trading pair, depending on the exchange. Enter the amount of XTZ you wish to purchase and click the "Buy" button.

6. Withdraw XTZ from the Exchange

After purchasing XTZ, you can withdraw it to a supported wallet for secure storage. Choose a hardware wallet or software wallet compatible with the Tezos network.

7. Receive XTZ in Your Wallet

Generate a Tezos address from your wallet and provide it to the exchange for withdrawal. The XTZ will be sent to your wallet address, and you will have full control of your funds.

Additional Tips:

• Consider using a hardware wallet for enhanced security of your XTZ holdings.
• Monitor the price of XTZ before making any trades.
• Research alternative methods of acquiring XTZ, such as staking and participating in Tezos governance.