Tezos (XTZ) is a token issued on the Blockchain Network. Through the collective efforts of the Tezos development team and community members, the number of applications supporting XTZ has been gradually increasing, demonstrating significant potential within the crypto industry. More and more people are becoming interested in Tezos. They wish to invest or purchase Tezos (XTZ), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Tezos. Regardless of your location, Bitrue can provide you with a simple and secure way to buy XTZ.
Where and how to buy Tezos
When it comes to purchasing Tezos (XTZ), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Tezos in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased XTZ will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Tezos (XTZ) through Bitrue.
How to keep your Tezos safe and secure
Once you have purchased Tezos, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Tezos and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain Tezos wallets, you also have the option to store Tezos (XTZ) separately in a personal encrypted wallet. This wallet serves to keep your Tezos secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Tezos, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Tezos encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
FAQ About Buy Crypto
What is Tezos?
Developed by ex-Morgan Stanley analyst Arthur Breitman. Tezos (XTZ) is a multi-purpose platform that supports dApps and smart contracts. It aims to combine a self-correcting protocol and on-chain governance to manage network modifications. Tezos is powered by XTZ, which is created through 'baking'. Bakers put up deposits and are rewarded for signing and publishing blocks. Witnesses then validate the blocks. Dishonest bakers lose their XTZ deposits. Tezos uses delegated proof-of-stake (DPoS) and supports Turing complete smart contracts. Tezos is implemented in the OCaml programming language, which is said to offer [functional, imperative, and object-oriented styles].
How many Tezos are there in total?
The total supply of Tezos is 1,037,460,249 and the Circulating Supply is 1,017,004,511 .
Why are people buying Tezos?
People buy Tezos for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Tezos serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Tezos include investment, risk diversification, and trust in new digital assets.
Where is the preferred place to buy Tezos?
Bitrue exchange, with its secure and stable platform, user-friendly interface, low fees, and high liquidity, stands as the best exchange for millions of users to purchase XTZ.
Should I buy Tezos?
Deciding whether to buy Tezos depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Tezos investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Tezos (XTZ) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Tezos?
Generally, buying Tezos digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
How much does it cost to buy 10 XTZ?
To purchase 10 XTZ, the cost in USD would be $14.37.
What are the fees for buying Tezos?
Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies
here.
How to use Apple Pay to buy XTZ?
Currently, Bitrue does not support purchasing XTZ or adding fiat currency using Apple Pay.
How to use Google Pay to buy XTZ?
Currently, Bitrue does not support purchasing XTZ or adding fiat currency using Google Pay.
How to use Paypal to buy XTZ?
Currently, Bitrue does not support purchasing XTZ or adding fiat currency using Paypal.
What can I do with Tezos?
You can use Tezos to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
How to sell my Tezos?
If your Bitrue wallet does not hold Tezos, you need to deposit XTZ into your Bitrue account. If you already have XTZ, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of XTZ you want to sell, select the selling price, confirm the sell order, and once your XTZ is successfully sold, you can withdraw funds to your set bank account or other payment methods.
Can I purchase Tezos (XTZ) worth 1 US dollar?
In theory, Tezos (XTZ) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for XTZ is 10 US dollars.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.