Buy Tezos 2021 – The XTZ Token Guide

Since October 2017, there is a new star in the crypto sky: Tezos. The special feature: Tezos offers companies (and private individuals) a transaction environment in which they can realise business models based on tokens. And all this without having to develop a blockchain!

In this article, we show how and where you can best buy Tezos, which exchanges there are and whether you can also get XTZ tokens with PayPal, SOFORT-Überweisung and Co.

Buying Tezos: What to look out for

As Tezos has some differences to Bitcoin & Co, there are also differences when buying Bitcoin. Above all, you should pay attention to the following factors:

• Where was the best place to buy Tezos?
• Do I want to hold Tezos for the long term, use it for IoT applications or speculate on the share price?
• How does a Tezos Wallet work?
• Is it worth investing in Tezos?

How to buy Tezos: Three-step guide

Buy Tezos with PayPal, Sofortüberweisung and more

In our example we show the purchase with credit card. eToro also offers other ways to deposit:

Payment option	possible?
Buy Tezos with credit card
Buy Tezos with PayPal
Buy Tezos with SOFORT Bank Transfer
Buy Tezos with Rapid Transfer
Buy Tezos with Skrill
Buy Tezos with bank transfer
Buy Tezos with Neteller
Buy Tezos with UnionPay

Broker or stock exchange: Where is the best place to buy Tezos?

Now that we have shown one way to buy Tezos quickly, easily and safely, there are of course other ways. The question of how and where best to buy Tezos is strongly related to the second question, namely whether one wants to hold Tezos for the long term or rather speculate on the price development in the short term.

For short-term speculation, a CFD broker is recommended, where you speculate on the price development of Tezos without holding the underlying asset directly. The advantage of a broker is that you can also trade with leverage, so that even small price fluctuations can result in high profits or losses.

If you want to hold Tezos for a longer period of time, you are better off with a crypto exchange:

To buy Tezos or not?

It is not easy to say whether it is worth investing in Tezos. In general, the crypto market is subject to great fluctuations. In addition, regulations are still lacking, which is why fraud with cryptocurrencies is still flourishing. For these reasons, you should not choose your investment lightly. Of course, this also applies to Tezos. On the other hand, Tezos is already quite strong despite its young history. The large market capitalisation promises a comparatively manageable risk compared to other cryptocurrencies.

Pros and cons of Tezos Investment

Tezos (XTZ) is a decentralised, blockchain-based cryptocurrency and a platform for decentralised applications. Like Ethereum, the platform offers a development environment in which companies or even private individuals can implement their own token-based business models without first having to develop a blockchain themselves. That is why smart contracts are a fundamental part of the Tezos ecosystem.

Tezos uses a delegated proof-of-work algorithm (DPoS) that allows stakeholders to influence the further development of the platform and be rewarded for validating transactions on the network. For example, stakeholders can decide to pay individuals or groups for their work on the Tezos protocol. In this way, Tezos promises, the ecosystem will optimise and evolve on its own.

Tezos officially launched in September 2018 after raising a record-breaking $232 million in an ICO. The development of the cryptocurrency was initiated in 2014 by founders Arthur and Kathleen Breitman with a core group of developers. The Tezos Foundation, led by Ryan Jesperson, is primarily responsible for asset management and the further development of the protocol and the Tezos ecosystem. The rights to the source code are held by the founding company Dynamic Ledger Solutions, whose managing directors are Kathleen and Arthur Breitman. The company DLS has its headquarters in Switzerland.

After the ICO, Tezos experienced distortions between the founding company DLS and the Tezos Foundation. The Tezos share price collapsed briefly as a result. After the then president of the Foundation, Johann Gevers, finally left the company as a result of the dispute (and received a severance payment of 400,000 US dollars), the problems subsided and the development of the Tezos ecosystem progressed. Today, Tezos ranks 17th in the ranking of the largest cryptocurrencies by market capitalisation, with a market capitalisation of around 700 million euros.

Buy Tezos now at eToro

• Real Tezos or Tezos CFDs with only one broker
• state-regulated broker
• Fast deposit and withdrawal
• fair fees
• over 14 other cryptos

What are the fees for buying Tezos?

To make the fees comparable when buying Tezos, let’s take the following example:

• We would like to buy €1,000 worth of Tezos
• We would like to hold the Tezos for a year and then pay them back into our account in euros
• For simplicity’s sake, let’s assume that the exchange rate does not change in the year

With these assumptions, we now go through the fees from our test winner:

Provider	etoro
Deposit	free of charge
Purchase fees	5%
Holding fees	free of charge
Sales charges	5%
Payment	5 USD
Total fees	101,69€

Tezos Wallets: Which wallets are useful for storage after purchase?

Is a wallet required to trade with Tezos? Not necessarily. For example, on eToro it is possible to store Tezos on your account. However, it is recommended to transfer the coin to your own wallet. A software wallet is certainly a good option for your coins for the first time. If you want to hold Tezos for a longer period of time, however, we recommend a hardware wallet instead, as these are unsurpassed in terms of security.

There are many wallets with which you can store and use Tezos. You can read here which wallets the company recommends to its users. There is also support for the popular hardware wallets.

Since there are a number of criteria to be considered here that would go beyond the scope of this article, here is the link to the wallet comparison:

Historical Tezos Courses: Important milestones in the history of Tezos

The cryptocurrency has already had some highs and lows. We show the most important milestones in the history of Tezos.

1. December 2017: Tezos managed to pump investments of over 200 million euros into its product in a very short time. The share price shot up from just under €1.35 to an astronomical €8.96. That is over 560% in less than a month. However, the Tezos share price fell back to just under €2.50 after one month, as Tezos was still in its infancy.
2. February 2018: The auditing company “Least Authority” rated Tezos with 5 picks, which caused the Tezos share price to rise from ~€2.50 to ~€3.50 for a short time.
3. June 2018: Due to the actual release of the actual coin, the price rose from €2 to over €4 over 4 months. However, the hype did not last long and along with other cryptocurrencies, the Tezos price fell to below €2.
4. May 2019: The Marigold Update by Tezos caused the share price to rise slowly over a period of months. This is how the price of which
5. February 2020: The publication of the payment targets and updates to the core protocol etc. gave Tezos a new lease of life. The Tezos price rose from just under €1 to over €3. However, the stock market pandemic caused the coin to fall again.
6. May 2020: After the initial horrors of the global disease, Tezos continued its ascent and 2 months later almost reached the level of 2 months ago.
7. August 2020: Congress let it be known that you do not want to tax staking rewards too heavily. Since Tezos is on proof-of-stake, this was a clear recommendation for shareholders to buy Tezos. Thus, the share price rose to almost 4€ within a very short time.

Alternatives to Tezos: buy other cryptocurrencies or shares

In various forums, people like to discuss how to buy Tezos shares. Such interested traders are a little ahead of their time.

Furthermore, Tezos is more involved in research and cooperates with reputable educational institutes such as the IMDEA Software Institute, Korea University Blockchain Reasearch Institute, Konkuk University and many more. As these companies are not public limited companies, alternatives are more likely to be competitors or products that are used to mine Tezos.

Alternative 1: Opportunities in the area of cryptocurrencies

Apart from that, there are also other cryptocurrencies that definitely have potential:

• Buy Bitcoin: The top dog among cryptocurrencies is considered by many to be the “digital gold” and one of the most stable cryptos.
• Buy Ripple: With the support of many banks, Ripple is a good alternative to Tezos.
• Buy Ethereum: Ethereum is the solution for smart contracts and follows a broadly similar approach to Tezos.

Alternative 2: Crypto shares

Another alternative is crypto stocks: chip manufacturers, mining companies and even the Bitcoin Group have been able to post strong gains so far.

• Bitcoin Shares: For those who believe that Bitcoin will outperform Tezos, Bitcoin Shares are a good alternative
• NVIDIA shares: NVIDIA produces important graphics chips especially for mining – if the crypto boom continues, NVIDIA is certainly a good investment

How to buy Tezos 2021 – FAQs