How to get XTZ coins? Understand how to get XTZ coins in one article

XTZ, the native token of the Tezos blockchain, can be acquired through reputable crypto exchanges like OKX, via decentralized exchanges such as Uniswap, or by converting other cryptocurrencies on platforms like Coinbase.

Oct 25, 2024 at 08:33 am

How to Acquire XTZ Coins: A Comprehensive Guide

XTZ, the native token of the Tezos blockchain, has gained significant attention within the cryptocurrency community. Here's a comprehensive guide on how to acquire XTZ coins:

1. Purchase on Crypto Exchanges

One of the most straightforward ways to obtain XTZ coins is through reputable cryptocurrency exchanges. OKX is a popular platform that supports XTZ trading.

1. Create an account on OKX.
2. Fund your account using a supported payment method (e.g., bank transfer, credit/debit card).
3. Navigate to the XTZ market.
4. Choose the desired order type (e.g., market order, limit order) and enter the quantity of XTZ you wish to purchase.
5. Execute the trade and acquire XTZ coins in your exchange wallet.

2. Use a Decentralized Exchange (DEX)

DEXs allow for the direct exchange of cryptocurrencies without the involvement of a third-party intermediary. Uniswap is a popular DEX that supports XTZ trading.

1. Connect your crypto wallet to Uniswap.
2. Select XTZ as the desired token to acquire.
3. Choose the amount of XTZ you wish to purchase.
4. Input the desired slippage tolerance and swap fees.
5. Confirm the transaction and receive XTZ coins in your wallet.

3. Convert from other Cryptocurrencies

If you hold other cryptocurrencies, you can convert them to XTZ through exchange platforms or DEXs. For instance, you can exchange BTC or ETH for XTZ on Coinbase.

1. Create an account on Coinbase.
2. Fund your account using a supported payment method.
3. Navigate to the XTZ market.
4. Choose the amount of another cryptocurrency you wish to convert.
5. Execute the conversion and receive XTZ coins in your Coinbase wallet.

4. Participate in Tezos Staking

XTZ holders can earn passive income through staking, which involves delegating their coins to validators that secure the Tezos network. Several staking platforms and wallets allow for XTZ staking.

1. Choose a reputable staking platform or wallet (e.g., Ledger Live, Tezos Node).
2. Create an account and secure your funds.
3. Delegate your XTZ coins to a validator that meets your requirements.
4. Start earning rewards based on staking parameters and the performance of the validator.

5. Participate in Airdrops and Competitions

XTZ airdrops and competitions are occasionally organized by Tezos-related entities or projects. These events offer opportunities to acquire XTZ coins for free.

1. Follow Tezos-related news and social media channels for updates on upcoming airdrops and competitions.
2. Meet the eligibility criteria and complete any required tasks.
3. Claim your XTZ coins when eligible.