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.
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:
Buy Tezos UK: If you want to start trading the cryptocurrency Tezos, there are only a few exchanges available at the moment. Which one is right for you also depends on how much you want to invest. Another relevant question is: Do you want to buy Tezos with Bitcoin – or do you want to buy Tezos with a credit card? We will introduce you to our recommended exchange and guide you through the process step by step.
First, you register with a broker or crypto exchange.For our example, we have chosen eToro because here we can buy both real Tezos to hold and Tezos derivatives to speculate. First, we click the link to register with eToro:In the form we enter user name, e-mail and password and accept the terms and conditions:We then receive a verification email where we click on the link to confirm the account.u003cimg style=width: 100px; src=https://goldreward.io/wp-content/uploads/2021/06/atm-2.png alt=u003e
In the next step we need to fund our account with money in order to be able to buy Tezos. To do this, we click on the Deposit money button at eToro: We then select the amount and the payment method we want to deposit with and then click on the Send button to deposit the amount.u003cimg style=width: 100px; src=https://goldreward.io/wp-content/uploads/2021/06/savings.png alt=u003e
Now that we have topped up our account, we can start with the actual purchase of Tezos. To do this, we click in the search box at the top and enter Tezos there. Then we click on the Trade button:The purchase window then opens. Here we have the following options: 1. Buy or sell: In our case, we have to set it to buy.2. Trade or order: Here we can choose whether we want to execute the trade immediately (trade) or delayed (order). Amount: How much Tezos we would like to buy. Stop Loss and Take Profit: At which loss or profit our position should be sold automatically.5. Leverage: With which leverage we want to buy Tezos. With leverage X1 we buy real Tezos, with leverage X2 we buy leveraged Tezos CFDs. After we have configured all options, we click on the Open Trade button to complete the purchase.Subsequently, we have the Tezos in our portfolio, the purchase is complete!u003cimg style=width: 100px; src=https://goldreward.io/wp-content/uploads/2021/06/exchange-1.png alt=u003e
In our example we show the purchase with credit card. eToro also offers other ways to deposit:
|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|
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:
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.
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.
To make the fees comparable when buying Tezos, let’s take the following example:
With these assumptions, we now go through the fees from our test winner:
|Deposit||free of charge|
|Holding fees||free of charge|
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:
The cryptocurrency has already had some highs and lows. We show the most important milestones in the history of Tezos.
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.
Apart from that, there are also other cryptocurrencies that definitely have potential:
Another alternative is crypto stocks: chip manufacturers, mining companies and even the Bitcoin Group have been able to post strong gains so far.
How to buy Tezos? Tezos can be bought for real money or cryptocurrencies on the platforms described above. We recommend buying Tezos on Kraken.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/income-3.png alt= style=width: 100px;u003e
Despite a long search, we could not find an exchange where it is possible to buy Tezos with a credit card.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/cvv-4.png alt= style=width: 100px;u003e
Unfortunately, buying Tezos with Paypal is not possible on any of the exchanges we use.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/transfer.png alt= style=width: 100px;u003e
Only time will tell. The opinions of the experts differ widely here.With buy and sell orders, however, you can determine for yourself whether you would rather bet on rising or falling prices. If the market as a whole continues to grow, Tezos will most likely benefit from this.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/profit.png alt= style=width: 100px;u003e
Not mandatory, but we recommend it. A wallet protects you from eventualities such as the unexpected insolvency of your exchange platform.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/wallet-2.png alt= style=width: 100px;u003e
That depends on whether your wallet also supports the cryptocurrency Tezos. If in doubt, it is advisable to ask the provider directly. Most wallets now support multiple coins.However, we are not aware of a Bitcoin wallet that also supports Tezos.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/cryptocurrency-2.png alt= style=width: 100px;u003e
We recommend Kraken for the purchase of Tezos. Other cryptocurrencies can also be traded here. For example, you could also buy Ripple or Ethereum here.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/millionaire.png alt= style=width: 100px;u003e