How to buy Tezos (XTZ) on Binance? Simple buying guide

You are a newbie of the crypto market, you want to invest in Tezos coin but do not know how to make a transaction. In this article, with just a few simple steps, let's find out how to buy Tezos (XTZ) on Binance with Market247.io.

What is Tezos?

Before answer to the question "How to buy Tezos (XTZ) for begginers?". Let's find out What is Tezos? Tezos is a blockchain network hosting the associated digital token Tez (XTZ), also known as tezzie. Like other blockchains, Tezos facilitates user participation in decentralized Finance (DeFi), non-fungible token (NFT) projects, and decentralized applications.

In contrast with other blockchains, Tezos precludes hard forks, or blockchain splits, with a blockchain-based governance mechanism that adopts and implements protocol upgrades chosen by voting proportional to users' economic stake in Tezos.

Tezos' goal is simple: that the platform can incorporate new innovations over time. Tezos also has its own blockchain, which was developed from the ground up so the platform is not based on any other blockchain. Developers don't need to fork bitcoin or Ethereum and add a layer on top. One of the advantages of the Tezos is that it is based on a low-power algorithm. This algorithm requires less intensive computation and consumes less power while still using a reliable proof-of-state.

Should I invest in Tezos?

Besides instructing you "how to buy Tezos so easily?", we will discuss the potential of this coin. To talk about the investment potential of Tezos, let's recall the outstanding features of this coin. It can be said that Tezos possesses good features of a Blockchain such as a decentralized encryption system, high security and especially difficult to attack.

Save electricity

Building a platform based on a low-energy algorithm is one of the advantages of the Tezos blockchain. This algorithm does not need much computationally intensive and consumes less power while still using the reliable proof consensus algorithm Po.

Automatically assign upgrade permissions

Tezos decentralizes the upgrade process and allows for automatic decentralization. This is the remarkable strength of this platform.

No Hard Fork required to upgrade

Tezos' upgrade decision is decided by consensus of the parties according to a governance regulation with its own principles to avoid political stagnation or conflict. Tezos upgrades can be done without requiring a separate development team to avoid subjective decisions.

How to buy Tezos on Binance?

To make a purchase, you only need 4 simple steps as follows:

Step 1: Create a free account on the Binance website or the app

This is the first step to answering the question “How to buy Tezos on Binance?”. Your Binance account acts as a gateway to buy any cryptocurrency. But before you can buy Tezos (XTZ), you need to open an account and verify your identity.

Registration can be done in 3 ways as follows:

Step 2: Choose how you want to buy Tezos

Clicking on the “Buy Crypto” link at the top of the web page navigation, will display the options available in your country.

A helpful note for you is that, for better compatibility with the coin, you should first consider buying a stablecoin like USDT or BUSD, and then use this to buy Tezos.

There are 4 ways to buy Tezos as follows:

Credit and Debit Cards: If you are a new user, this is the easiest option for you to buy Tezos.
Bank Deposit: Transfer Fiat currency from your bank account to Finance, then use the money to buy Tezos (XTZ)
P2P Trading: You can buy Tezos directly from other users with Binance's peer-to-peer service.
Payment with a 3rd party.

So, you have completed step 2 of the question “How to buy Tezos token?”

Step 3: Confirm the transaction

You have 1 minute to confirm your purchase at the current price. After 1 minute, your trade will be calculated based on the market price.

Step 4: Store and use Tezos in Binance

Thus, only 3 simple steps to answer the question “How to buy Tezos coin on Binance?”. Now you can store it in your personal digital wallet or just keep it in your Binance account. You can also trade other cryptocurrencies or bet on Binance Earn for automatic income.

Conclusion

Above is a simple guide for beginners to answer the question “How to buy Tezos on Binance so clearly?”. Market247.io believes that, through this article, you can make purchases and sales of this coin on the Binance exchange. If you have any questions, do not forget to send them to us for the fastest response.

How to buy Tezos coin (XTZ)? FAQs

Where can I buy Tezos tokens?

If you want to know where to buy Tezos at the current rate, the top cryptocurrency exchanges for trading in Tezos stock are currently Binance, BTCEX, XT.COM, Deepcoin, and OKX. You can find others listed on our crypto exchanges page.

What exchange has Tezos?

The most popular Tezos exchanges are Binance, Huobi Global, KuCoin and OKX. There are many other crypto exchanges where you can buy Tezos, but make sure to do your own research before making your choice. You can find all cryptocurrency exchanges. So, make sure to check out our cryptocurrency exchange reviews.

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How to buy Tezos (XTZ) on Binance? Simple buying guide - Market247.io