Tezos is an open-source and decentralized application-based blockchain project. Its cryptocurrency, known as XTZ, is not only the governance token of the network but also the asset users purchase and lock up for Staking. XTZ made its mark in 2019 by quickly entering the top 10 cryptocurrencies.
So, what is the Tezos infrastructure that was even more talked about than Bitcoin in 2019, and how can one purchase XTZ coins?
What is Tezos Coin?
Before purchasing Tezos, it could be beneficial for investors to learn more about Tezos Coin. The project, developed by Arthur and Katheen Breitman since 2014, could not be launched for a while due to internal conflicts. Even though the ICO in 2017 raised more than $230 million, the funds remained under the control of the Tezos Foundation for some time due to ongoing disputes.
Like Ethereum, Tezos Coin has a decentralized network based on smart contracts, but its most innovative and popular feature has been Staking. Staking essentially allows users to earn a certain income by delegating their network tokens to an institution or individual. By doing this, users also forfeit their right to vote on network changes for the duration of the Staking.
Different from Ethereum, Tezos network also has a Proof-of-Stake consensus model. This model facilitates the application of Staking on the network. Known as the “democratic blockchain,” Tezos periodically holds elections, and investors can have voting rights per token they own. Although Tezos is known for this feature, in 2019, it managed to catch investors’ attention by rising from $0.40 to $2, showcasing significant returns.
As of the writing of this article, Tezos Coin is trading at $4.10, reaching an all-time high and marking a challenging achievement. So, what needs to be done to purchase the record-breaking XTZ coin? In fact, the following simple steps answer the question of “how to buy XTZ Coin.”
Where to Buy Tezos?
To purchase XTZ, using Binance, one of the world’s largest cryptocurrency exchanges by trading volume, will suffice.
You can follow the steps below to buy Tezos Coin:
- To buy XTZ, you first need to deposit a USD balance into the exchange or purchase a cryptocurrency that can be used instead. For this, go to the main page of Binance, click on the “Buy Crypto” option at the top left, and then click on the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to trade and mark USDT, that is Tether, in the Coin section.
- After purchasing USDT, preview the “Buy-Sell” option at the top left again and click on the “Classic” tab.
- In the opened section, select the USDT tab at the top right, type XTZ in the search button, and select the XTZ/USDT pair that opens below.
- Then, go to the “BUY XTZ” section in the middle, enter the amount you want to buy.
- Enter the amount you want and complete the purchase by confirming the transaction.
Purchase Tezos
Buying XTZ on Binance due to the liquidity it provides is quite fast. The high liquidity in the exchange ensures that buy or sell orders are executed quickly. Additionally, the security offered is seen as an extra
