Tezos is a cryptocurrency that is built on the Tezos blockchain, which has a self-amending and upgradable ledger. It was launched in 2017 and currently has a market cap exceeding $600M. This guide will explain how to buy Tezos (XTZ) on Binance. We will also list all the payment methods available and show how to open an account and get started with the exchange.
Tezos (XTZ) coin is one of the many cryptocurrency options on Binance. Binance is a well-regulated crypto exchange that is registered in over 15 countries. It is one of the most highly rated exchanges and a popular option for individuals wanting to purchase XTZ.
We will discuss how to buy Tezos (XTZ) on Binance using different payment methods in this guide article. We will also explain how to open an account on this exchange and provide insights into Binance fees, leverage, and the availability of real or CFD Tezos coins.
Finding the right exchange is vital if you wish to buy XTZ or any other cryptocurrency. You must consider many options before selecting where to buy cryptocurrencies to enjoy the best experience. Here are some of the things to consider.
Not all countries support cryptocurrency trading. Before you create an account and purchase Tezos on any exchange, ensure that it’s located and registered in a region that supports digital currency. Buying Tezos from an exchange that is not registered in a country with crypto-friendly policies can put you at risk of losing your investment.
It is best to select an exchange with many payment methods. Having multiple funding and withdrawal options makes your trading easy. In the event of a problem with your preferred choice, you can always opt for another way to add money to your account. Furthermore, it means you will always have a valid payment method regardless of location.
Cost is one of the most important things to consider before buying XTZ online. Always compare the costs and fees of various platforms before selecting one. However, it is also essential to note that some low-cost exchanges may not be very reliable. So, you must ensure that you choose an affordable and trustworthy platform.
Checking an exchange’s volume listing is an excellent way to gauge its popularity and reputation. Typically, when the volume-listing of an exchange is high, it indicates that several traders trust them to process transactions.
Binance is a well-regulated exchange. Binance or any of its subsidiaries are licensed to operate by regulatory bodies in up to 15 countries. They include Abu Dhabi, Australia, Bahrain, Cyprus, Dubai, France, Italy, Japan, Kazakhstan, Lithuania, New Zealand, Sweden, Poland, South Africa, and Spain. Its headquarters is located at George Town, 23 Lime Tree Bay Ave, Cayman Islands. However, it has a total of 50+ office locations worldwide.
The exchange charges a fee of 0.1% to regular users. VIP users, on the other hand, can be charged as low as 0.02%, depending on their tier. Similarly, interest rates on XTZ are set at 0.066934% for regular users and are much lower for VIP clients. There are no deposit fees when you fund your account with crypto. However, fiat currency deposits may incur a small fee based on the specific currency being used. Furthermore, retrieval of funds attracts a variable fee based on the network. Withdrawals on the Tezos blockchain attract a 0.01 XTZ fee. Also, the minimum withdrawal amount is 1 XTZ.
It is vital to note that Binance offers both real crypto and derivatives via futures contracts. Both options are addressed in detail in later sections of the article. The leverage on Tezos futures ranges from 1:1 to 1:20 depending on the notional value of the transaction in USDT. Larger transactions have a smaller leverage and vice versa.
Finally, there are multiple payment options available with this exchange. The methods available to each client depends on their country of residence and the local currency they wish to deposit. Binance supports funding via bank transfer, P2P trading, credit cards, debit cards, wallets, and third-party platforms such as POLi or Simplex.
You can buy XTZ on Binance via their exclusive web or mobile application. We discuss each of these trading platforms below.
Traders who wish to buy Tezos coin with their desktop will have access to a proprietary web application. This platform offers a relatively intuitive user interface and several advanced charting tools.
In addition to the web application, Binance also provides a mobile app that is available to iOS and Android users. Binance mobile app also offers a seamless user experience and top-notch features to clients.
To buy XTZ on Binance, all you need to do is create an account and fund it via any of the available payment methods listed. Here, we outline the steps required to get started.
Binance users cannot buy Tezos CFDs as the exchange does not offer any cryptocurrency CFDs. Therefore, clients of this exchange will only be able to own real Tezos or trade Tezos futures. With real Tezos, customers can own the asset for themselves and enjoy relatively reduced risk due to the absence of margin trading. On the other hand, trading Tezos futures has the potential for larger profits due to a leverage up to 1:20. However, this also comes with a greater risk of loss.
If you are looking to learn how to buy Tezos (XTZ) on Binance, it would interest you to know that the exchange offers various payment methods, including credit cards, debit cards, cryptocurrency, bank transfers, Skrill, Neteller, or PayPal, although the specific funding option available to you will vary depending on your country of residence. Binance fees are also relatively affordable as they do not charge above 0.1% to their regular customers. However, VIP customers will enjoy even lower costs.
You can buy Tezos on Binance or other exchanges such as Kucoin or Huobi.
You need to open a Binance account, fund it via any of the available methods, search for Tezos (XTZ), and click on Buy.
Yes, it is a safe exchange to buy Tezos.
The current market cap of Tezos coin is $662,000,000.
Tezos initial coin offering (ICO) happened in July 2017.
It was founded in 2014.
First, select Buy Crypto from the menu tab and select Credit Card as your preferred funding method. After this, you will be required to add a new card by entering your credit card details before you can finally fund your account.
Yes, the exchange charges a 0.1% fee to regular customers when buying Tezos.
Yes, you can buy Tezos with debit cards.
Binanace has a crypto wallet where clients can store their Tezos coin and other cryptocurrencies.
Yes, you can transfer your Tezos or any other crypto from Binance.
There is no minimum deposit to buy Tezos.
Yes, you can swap your Tezos for another coin on Binance.
You can use your Tezos to buy any of the other 100+ cryptocurrencies listed on Binance.
Tezos, like every other cryptocurrency, is a high-risk, high-reward asset. Before purchasing this coin, it is essential that you do sufficient research.
At the moment, Tezos is valued at $0.696306 per coin.
