Last update: Jun 6, 2022

How to Buy Tezos (XTZ)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Tezos. Depending on your country, you’ll have different exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Tezos

How to Buy Tezos – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Tezos of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Tezos

Now that you have what you need to buy Tezos, head over to the market or buy section of the crypto exchange and buy some XTZ.

If the crypto exchange doesn’t have any Tezos on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Tezos first), and trade your Ethereum for Tezos.

Where to Buy Tezos (XTZ)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Tezos

  1. Sign into the crypto trading platform where you bought Tezos.
  2. Move your Tezos to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Tezos.

 

Crypto trading

How to Buy Tezos (XTZ) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Tezos in Australia, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Tezos if it’s available. If the exchange doesn’t have Tezos. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Tezos), and trade your ETH for Tezos.

Alternatively, if you want to learn more about the exchanges we like, check our list of the best cryptocurrency brokers in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Tezos (XTZ) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Tezos in Canada, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Tezos if it’s available. If the exchange doesn’t have Tezos. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Tezos), and trade your ETH for Tezos.

It’s also possible to take a look at our analysis of the best bitcoin trading platforms in Canada If you’re interested in learning more about the exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Tezos (XTZ) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Tezos in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Tezos if it’s available. If the exchange doesn’t have Tezos. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Tezos), and trade your ETH for Tezos.

Or, if you’d like to know more about which exchanges we prefer, read our list of the safest crypto exchanges in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Tezos? XTZ Rundown

Tezos, a blockchain network based on smart contract technology, is not too different from Ethereum. There is a major difference. Tezos wants to provide infrastructure that is more advanced. This means it can grow and improve over time, without ever having to worry about a hard fork. This is what both Bitcoin and Ethereum have experienced since their creation. XTZ holders can vote on the Tezos developers' proposals for protocol upgrade.

Open-source platform Tezos claims it is "secure, upgradeable and built to endure" and that its smart contract language ensures high-value use cases. Tezos claims that its approach is futureproof, and will "remain state of the art long into the future," which means it can take advantage of developments in blockchain technology.

Tezos' technology was first presented in a whitepaper that was published in September 2014. The Tezos mainnet was launched four years later, after a series delays.

Tezos offers a unique way to stake XTZ. Although this is a common practice across all blockchains, it's not the only one. Participants can participate in the governance of the network by "baking," which allows them to stake 8,000 XTZ. This provides a financial incentive for honest behavior.

The four-step process takes around 23 days and involves the voting of proposed changes to blockchain's code by Bakers. If a supermajority backs a proposal, it is fully implemented.

Tezos is unique in that it has been used by prominent businesses. Societe Generale, a French bank giant, announced in September 2020 that it would use the blockchain to experiment with a digital currency central bank.

Coinbase and Binance, two of the largest cryptocurrency exchanges, have announced support for Tezos staking. Users can earn rewards based upon how many XTZ they own. This feature isn't common across digital assets.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.