Where to Buy Tezos coin – Beginner’s Guide

The native coin of the Tezos blockchain platform, Tezos rose over 1000% from 2019 to 2021, and after an almost 75% correction from its all-time high ($9.17 down to $2.54), some investors are interesting in buying XTZ for the next leg up. It hasn’t broken its bullish market structure, printing a higher low in early 2022.

While it’s a very volatile crypto asset, the overall trend is up, so if you’re interested in where to buy Tezos coin, and how to invest in Tezos with low fees, this guide will answer those questions as well as cover what the Tezos platform is and what it aims to achieve in the cryptocurrency space.

Where to Buy Tezos Coin?

As it’s a popular altcoin, you have a variety of choices if you plan to buy Tezos crypto coins. It’s been listed at most of the best crypto exchanges.

Below we’ve picked out four of the best platforms to buy Tezos and invest in Tezos, as they each also provide a free secure crypto wallet to store your XTZ, and even stake it for passive income.

1. eToro – Overall Best Platform to Buy Tezos in 2022

eToro is a registered online broker with over 20 million members worldwide. It was founded in 2007. On our list of the best places to buy Tezos tokens, we would first recommend eToro. You will be able to buy Tezos on a spread-only basis if you choose eToro. Tezos was listed on eToro in August of this year.

Instead of traditional commissions, your charge will be equivalent to the difference between the purchase and sell price at the time of the order. When you buy Bitcoin on eToro, the spreads start at just 0.75 percent, and altcoins like Tezos have a 1 percent spread.

eToro accepts a variety of deposit options, including credit cards, debit cards, Neteller, PayPal, wire transfers, and online banking.

There are various deposit methods supported by eToro, like a Credit card, Debit card, Neteller, PayPal, Wire transfer, and Online banking.

Aside from these, you may buy crypto on eToro with more than a dozen fiat currencies, including GBP, USD, EUR, CAD, and HKD.

On the eToro platform, customers can choose from over 60 different cryptocurrencies. Customers will be charged a conversion fee of 0.5 percent for non-USD deposits. When it comes to withdrawal costs, eToro charges a $5 fee on a minimum transaction of $30.

Another great advantage of eToro is that this popular digital broker supports more than 60 digital assets, besides Tezos and Bitcoin. Cardano, Ethereum, Dogecoin, Shiba Inu and XRP are some of the most popular tokens traded at eToro. eToro also offers traditional asset classes, which include US and foreign stocks, ETFs, forex and commodities.

For those who are interested in buying Tezos as well as gaining exposure to other digital assets, they can also explore the eToro CryptoPortfolio. The CryptoPortfolio by eToro is a passive financial product that allows you to buy more than a dozen different cryptocurrencies at various weights, through a single investment.

Since the portfolio is managed by eToro, you won’t need to worry about research or ongoing maintenance. eToro also lets customers buy Tezos coin through its main website or via its mobile app for iOS and Android. From a safety perspective, eToro is regulated by the SEC (among other bodies) and registered with FINRA.

Cryptoassets are a highly volatile unregulated investment product.

2. Crypto.com – Earn Interest on Tezos

Crypto.com listed XTZ in August 2019. It’s one of the most popular online cryptocurrency exchanges in the market right now due the ability to earn interest on crypto, and put crypto assets on its prepaid metal VISA card to use for retail purchases. The objective of the platform is to offer its clients a simple and affordable way to invest in crypto assets.

After you have gone through the steps of opening a Crypto.com account and verified your identity, you will be able to buy Tezos coin with a debit card. Crypto.com offers a super-convenient way to invest, as both Visa and MasterCard are acceptable.

Apart from Tezos, Crypto.com houses more than 250 other digital assets also, which include a wide variety of small, mid, and large cap crypto projects, and DeFi tokens.

There’s also a Crypto Earn part of the website where you can earn interest on stablecoins or cryptos. You can earn 5% per annum interest on Tezos if you commit to three month fixed terms and stake CRO, the native token of the exchange, which like XTZ has been in an uptrend.

Cryptoassets are a highly volatile unregulated investment product.

3. Binance – Buy Tezos with Crypto at just 0.10% per trade

Binance exchange listed Tezos in September 2019. It’s another of the best places to buy Tezos online. It is one of the most popular exchanges used by over 100 million traders, primarily because their fees are competitive and they offer both spot and margin trading (on leverage) on every altcoin.

When you trade Tezos against a supported digital asset like Bitcoin, Ethereum, BNB, or USDT, Binance will only charge a 0.1% trading fee or less if you buy Binance coin to use to pay fees.

This nominal charge, though, is only on the condition that the customers have the ability to deposit funds in crypto. Binance also lets its users deposit funds via ACH and domestic bank wire for free. However, customers must remember that although ACH withdrawals are not chargeable, domestic wire transfers are chargeable for every cash-out request.

Signup via our Binance referral link for a further discount on fees and unlockable cashback vouchers.

Cryptoassets are a highly volatile unregulated investment product.

4. Coinbase – Buy Tezos Instantly & Stake Tezos 

Favored by beginners as it has an instant buy button that just requires one mouseclick without any confusing order types, candlestick charts and a whole exchange platform, Coinbase is another of the best places to buy Tezos. It listed XTZ in August 2019.

Using the main Coinbase platform to buy Tezos or buy crypto in general – Coinbase exchange supports over 100 cryptos – is on the expensive side for that convenience. It charges 3.99% for buying Tezos with a debit card, and 1.49% with a bank account. To avoid those fees you can use Coinbase Pro and pay a low fee of 0.5%.

The Coinbase Pro platform can be logged into using your Coinbase credentials and you can transfer crypto and fiat money between the two platforms seamlessly with no fees. Coinbase is more of a broker, whereas Coinbase Pro is an exchange where you have more control over the exact Tezos price you buy at, and the price you sell Tezos at when exiting your position.

The 0.5% trading fee on Coinbase Pro can be reduced further if you have a high trading volume in the last 30 days and use limit orders rather than market orders.

Coinbase is a crypto staking platform as well as a brokerage and exchange, and their exact interest rate for Tezos is 4.63% APY.

Cryptoassets are a highly volatile unregulated investment product.

What is Tezos?

Tezos is a decentralised open source blockchain that may be used to conduct P2P (peer to peer) transactions and as a platform for smart contract deployment. The Tez, abbreviated as XTZ, is the native coin of the Tezos network.

The blockchain is community-governed and can execute complicated smart contracts for asset settlement and decentralised apps (dApps) that benefit from censorship resistance, decentralisation, and user control.

Tezos was first proposed in 2014 by Arthur and Kathleen Breitman, a husband-and-wife duo. Launched in 2017, the Tezos foundation managed to raise $230 million in BTC and ETH in what was one of the largest ICOs (initial coin offering) in history, at the time.

Proof-of-stake is used by the Tezos network to gain consensus. Tezos has an on-chain governance architecture that allows the protocol to be updated when community members approve upgrade proposals. Tezos is able to avoid hard forks as a result of this.

It launched its testnet in June 2018 and its mainnet in September 2018. On the Tezos network, 400 nodes are put in place to validate blocks (called bakers) as of August 2021.

Tezos’ main protocol uses liquid proof of stake (LPoS) and supports Turing-complete smart contracts written in Michelson, a domain-specific language. Michelson is a totally functional stack-based language with a small instruction set and no side effects, specifically developed for formal verification.

The Tezos protocol can be changed through a phased procedure that involves committing operations to the stored blockchain in order to submit proposals (intended code modifications) and voting on them. If a proposal wins enough votes, the protocol automatically adjusts to reflect the changes in the code.

Tezos Analysis

Everyone has heard of Bitcoin and Ethereum, but what makes Tezos unique and a challenger to those more established cryptos and blockchain platforms?

1. Self-Amendment and Upgradability

Without the requirement for a hard fork, Tezos can upgrade itself through an in-protocol amendment process. This method of upgrading speeds innovation, minimises the possibility of controversial splits, and brings together stakeholders within the Tezos community over time. Upgradability provides a strong assurance to developers developing on Tezos that the protocol will continue to run properly in the future. Tezos was designed to last a long period.

The proposal amendment process has the potential to change anything, including Tezos’ amendment mechanism. In reality, Granada’s recent proposal is to replace Emmy+, the current Tezos consensus algorithm, with Emmy*, a new consensus algorithm.

Emmy* is intended to cut Tezos block delays in half, from 60 seconds to 30 seconds, and enabling transactions to reach finality faster than the existing consensus method. Granada also has liquidity baking and a number of significant performance enhancements, all of which result in significantly lower gas use.

2. Proof-of-Stake

Tezos is based on a decentralised network of nodes, similar to other cryptocurrencies. These Tezos “participants” or nodes supply the computational resources required to keep the Tezos network available and secure.

Proof-of-Stake (PoS) is the method through which Tezos users come to an agreement on the current state of the blockchain. The consensus mechanism in Bitcoin, on the other hand, is based on proof-of-work (i.e. mining).

Baking is Tezos’ proof-of-stake-based consensus process, which includes optional delegation, allowing any stakeholder to participate in consensus without relinquishing possession of their tokens. Liquid Proof of Stake is the name given to Tezos’ approach to consensus.

Without any lock-in or freeze mechanism, Tezos allows its stakers or delegators can receive rewards by delegating their Tez currencies. Tezos’ proof-of-stake implementation has a “liquid” aspect as a result of this.

Improved scalability and encouragement to incentive alignment are two of the most major benefits of Proof-of-stake. It also raises the cost of 51 percent attacks and eliminates the wasteful proof-of-work process. Tezos was one of the first significant Proof-of-Stake networks, launching in June 2018. Tezos has about 425 bakers and more than 216 public delegation services in all six major continents by mid-January 2021.

3. Smart Contract Security and Formal Verification

Tezos and Michelson, its smart contract language, were built with security and formal verification in mind. Developers can use formal verification to mathematically show that code runs as expected based on its formal specification or certain attributes.

This is ideal for financial smart contracts that have significant real-world value (e.g. tokenized assets, loans, etc.) and require assurances that funds will not be lost or frozen due to code faults.

Tezos Price

At the time of writing, the price of Tezos is hovering around $3.8 0- $3.90. The Tezos price can fluctuate by up to ten percent a day, so be careful if trying to trade Tezos on leverage.

The current market cap of Tezos is $3.5 billion, and it’s ranked #45 by market capitalization relative to all other crypto assets, by Coinmarketcap.com.

Tezos price chart on Coinbase

The total volume of Tezos traded in any 24-hour period usually exceeds $100,000. The circulating supply of Tezos is 889.5 million. Tezos hit an all-time high of $12.19 in 2017 but since then hasn’t managed to break back above $10.

Tezos Price Prediction

The XTZ price has room to grow as if it can prove its use case as a more eco-friendly alternative to BTC and ETH that doesn’t require hard forks, and enter the top 10 cryptos, that would mean a market cap over $25 billion.

That would be a 7x higher price point than today, so an XTZ price of over $25 in the long-term.

In the short term if cryptos continue to rally through 2022 and towards the 2024 Bitcoin halving, the price of XTZ could revisit its all-time high and see price discovery above $12. There hasn’t been much trading volume between $9 and $12 so that would mean little resistance in that price range.

Update – see our more recent Tezos price prediction.

How to Buy XTZ

Anyone who has been planning to buy cryptocurrency at low prices in 2022, shall not be disappointed as the markets have corrected from their 2021 highs. Don’t delay though as many altcoins are beginning to bounce hard as of Q2 2022.

Tezos can be bought on any of the cryptocurrency exchanges listed in this article. These are specialised marketplaces that act similarly to stock trading platforms and allow you to purchase and sell cryptocurrencies. A more detailed look at how to buy Tezos (XTZ) on eToro can be seen below.

Step 1: Create an account on eToro

To create an account on eToro you will need an email address, Facebook account or Google Plus.

Step 2: Verify your identity with the exchange.

The best regulated cryptocurrency exchanges will require you to verify your identity before you can deposit funds and start trading crypto, in this case trading Tezos.

• Know Your Customer (KYC) is a procedure that often needs a photo ID and a webcam or smartphone. You may also need to provide a copy of a recent bank statement or utility bill to establish your address.
• Some exchanges will let you deposit and trade cryptocurrencies without having to go through KYC, but they will not let you transfer money from your bank account. So, if you want to buy Tezos with your local currency, you’ll have to pass KYC.

• Before depositing any funds, you need enable two-factor authentication (2FA) once your identity has been validated. This will assist keep your assets safe while also increasing the security of your account.

Step 3: Deposit funds

Once your account has been created, you will need to deposit funds to buy Tezos. You can either deposit local currency from a bank account or credit card or transfer cryptocurrency from another exchange or wallet.

• Bank account: Transfers from local bank accounts are normally free, but double-check with the exchange of your choice.
• Credit or Debit Card: Another simple option to fill up your account is to link a credit or debit card to it, but keep in mind that this usually comes with a penalty. One advantage is that you can use a credit card to make quick purchases or set up recurring transactions.

• Cryptocurrency: XTZ is normally purchased by exchanging it for another cryptocurrency, such as Bitcoin or a stablecoin. However, because this fluctuates per exchange, you’ll need to look for XTZ on the spot market to see what cryptocurrencies it can be exchanged for.

Step 4: Buy XTZ

After successfully depositing funds into your account, you will be able to purchase Tezos. If the exchange allows it, the simplest way to do this is to use the ‘quick buy’ feature to buy it for a specified price.

Otherwise, you can purchase cryptocurrencies via the most usual method, which is to open a trade in the spot market, which allows you to select your own price. Although the fast buy feature is simple, it is typically more costly than using the spot market.

Always do your homework and investigate the market before making a purchase. To help you decide if now is the perfect moment to acquire Tezos, get a sense of how the price of Tezos has been performing recently.

Step 5: Storing your XTZ

There are two ways to store your Tezos. You can keep your Tezos on the exchange where you bought them or transfer them to a personal crypto wallet:

• Some users prefer to utilise their own wallets to ensure complete ownership of their assets, or to use them in conjunction with other apps such as DeFi services.

• We typically consider hardware wallets to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways.

Cryptoassets are a highly volatile unregulated investment product.

How to Sell Tezos?

It all comes downs to your personal investment strategy. Depending on that, you may want to sell your Tezos tokens after a few weeks, months, or even years after your purchase. The best part about it is that if you followed our step-by-step guide and decided to buy Tezos coin via eToro, your tokens will remain in your portfolio until the time you decide to sell them.

Another great advantage is that eToro does not charge any storage fee and cashing out simply requires you to head over to your portfolio and place a sell order. This way, eToro will sell your tokens at the next best available price and ultimately deposit the funds in your account.

Conclusion

Tezos was one of the most promising cryptocurrencies of 2021 and is holding its value so far in 2022. If you’re looking to buy Tezos to add it to your portfolio right now, it will just take five minutes at the FCA regulated crypto platform eToro.com.

The good news is eToro requires a minimum deposit of just $10 in the US and UK (slightly more internationally) and with its copytrading feature you can optionally let a professional crypto trader grow your investment.

Cryptoassets are a highly volatile unregulated investment product.

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