How to buy Tezos (XTZ) in 2022? Detailed guide for beginners

On which platform to buy Tezos?

You wish buy Tezos and you want to use a trading platform for that. Note that there is no one that stands out as the best, but rather several each with their own characteristics.

You can make your choice based on several criteria that are essential to you, such as the costs of buying and withdrawing XTZ crypto, the ease of use of the platform or even security.

If you are new to investing and cryptocurrencies, ease of use is the central criterion which should interest you so to buy XTZ with simplicity.

Therefore, if you are in this case, we recommend the eToro trading platform which is very easy to handle.

Buy XTZ on eToro »

Here is also a table grouping the main exchange platforms offering the XTZ crypto, according to several criteria. We hope this will help you make your choice.

Quick tutorial to buy Tezos with eToro

With eToro you can buy Tezos in a very simple way and in just a few minutes. This crypto broker is regulated in France so you can use it with confidence.

The first step is to create your account on the platform by clicking on the following button (affiliate link) then on ” start investing » :

Create an eToro account »

Here, answer the few questions you are asked to allow eToro to learn more about your experience with financial products. Next, you need to have your account verified using an identity document and your phone number.

This is a mandatory step on platforms registered in France, required by the Autorité des marchés financiers (AMF). Once your account has been validated, you can deposit your euros in your eToro wallet. Only then can you buy XTZ.

To do this, click on ” Make a deposit » in the middle of the dashboard:

Here you have the choice between two means of payment, either credit card or bank transfer. These two choices have no impact on the deposit fee, which is 1% for both.

You must then enter the amount in euros that you wish to send to your eToro account. Fill in the rest of the necessary fields and click on ” Deposit » :

Wait a few minutes until your euros appear in your wallet. Then search for ” XTZ ” Where “ Tezos at the top of the page, then click on ” Invest » :

In the next window, fill in the dollar amount you want to invest in Tezos crypto. Note that the conversion of your euros into dollars is automatic on eToro, this is completely normal. Then click on the ” Invest “.

Here is the end of this little guide to buy Tezos crypto, you now hold XTZ tokens, well done ! You have the freedom to dispose of them as you see fit, such as sending them to an external wallet.

👉 Need more detailed explanations? Here is our opinion and complete tutorial on eToro

To which other platform to turn to buy Tezos?

You can also turn to other exchange platforms to buy Tezos crypto since Binance, Bitpanda or FTX also offer XTZ.

These platforms each have their own policies regarding the fees applied or the implementation of optional services such as staking, which allows investors to receive passive income with the XTZ.

Also note that even if you bought Tezos using eToro, it is possible for you to stake them on another platform by making a simple transfer.

The Tezos blockchain, what is it?

Tezos is a Layer 1 blockchain like Ethereum and Solana. It is therefore a smart contract platformwhich allows developers to develop decentralized applications in particular.

Logo of Tezos (XTZ), by Cryptoast

A partly French-speaking project, Tezos stands out for its unique programming language, the Michelson, which is designed to lend itself to formal verification. Smart contracts on Tezos are therefore more secure.

The blockchain uses a liquid proof-of-stake consensus algorithm, or Liquid Proof of Stake (LPoS).

The validators, called bakers (bakers) in Tezos jargon, are responsible for the production of the blocks. For this, they must stake at least 6,000 XTZ tokens. However, thanks to the LPoS consensus, everyone has the opportunity to participate in network security by delegating XTZ tokens to a baker.

The other particularity of the Tezos blockchain comes from its on-chain governance system, which allows decision-making without resorting to hard forks, unlike Ethereum for example. The bakers are responsible for submitting and voting for or against the amendments.

Tezos can therefore implement major updates without disrupting the network, giving it the ability to adapt to a rapidly changing technological environment. As proof, the Ithaca 2 update in April 2022 evolved the consensus mechanism with Tenderbake, an algorithm designed using the Tendermint model of the Cosmos protocol.

Finally, the token of the Tezos blockchain is the Tezits acronym is XTZ.

👉 Want to know more? Find our in-depth analysis of the Tezos blockchain

Buying Tezos in 2022, is it an interesting idea?

The XTZ token is ranked 44th among cryptocurrencies the most valued in the world at the time of writing these lines. Very popular at its launch, especially with its Initial Coin Offering (ICO) which was one of the largest in the industry, the price of XTZ has not changed much since.

In effect, its unit price is almost the same as in 2018. The price of Tezos has risen well in 2021, but since its peak in October of the same year, the price of XTZ shows a very severe drop of -84% partly because of the bear market.

It is then necessary to ask what is the future for this project, and if it might be interesting to add the XTZ token to its portfolio.

The Tezos Foundation is still very active, there is no doubt. In 2022, she has established partnerships with Decathlon, Manchester United or the esports teams Vitality and Misfits Gaming.

A a very large-scale partnership has been formalized with Ubisoft in December 2021 in order to offer AAA video games on the Tezos blockchain.

At the technical level, the Ithaca 2 update of April 2022 introduced the new algorithm of the Tezos blockchain: Tenderbake. This one improves the scalability of the Tezos network with blocks produced faster, and therefore faster transactions. It also prepares the blockchain for compatibility with the Ethereum Virtual Machine (EVM) and rollups.

Finally, we of course suggest that you do your own research before deciding whether or not to buy Tezos in 2022.

Buy Tezos Crypto »

FAQ: frequently asked questions about Tezos

The launch of Tezos, when was it?

Tezos raised funds through an ICO in 2017, and the mainnet was officially deployed in June 2018. The Tezos blockchain has been online for just over 4 years at the time of writing.

How can the XTZ token be useful?

The XTZ token makes it possible to pay fees for using the Tezos blockchainfor the execution of smart contracts and transaction fees.

Also, the XTZ token is needed to secure the network since a validator must stake at least 6,000 tokens to become it. Network participants can delegate their tokens to validators to generate passive income with staking.

Finally, the validators participate in the on-chain governance of the Tezos blockchain submitting and voting on amendments. The weight of their vote is proportional to the amount of tokens they hold, added to those delegated to them.

The XTZ token therefore also plays a major role in the governance of Tezos.

How to keep up to date with the course and price of Tezos?

You want to be able to follow the price of XTZ in dollars or euros? Then our XTZ crypto price tracker page will be your best tool. You will find there the most important information about the XTZ, such as the graph of its price, the supply of XTZ tokens in circulation or the trading volume of the last 24 hours.

How to secure your XTZ tokens?

Here you are in possession of the Tezos crypto and you want to know the best way to protect them? Don’t panic, all you have to do is use a digital wallet supporting the Tezos network, such as Kukai.

You can also use a physical wallet like those offered by Ledgerwhich grant a higher level of security to store your XTZ tokens.

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Master student in International Finance, I have been interested in cryptocurrencies since June 2017 and more particularly in fintech and decentralized finance. I aspire to make my contributions interesting for readers of all levels.