How to Buy Tezos: 9 Easy And Fast Options
In this guide, we will look at the top options to buy Tezos at the most competitive rates, no matter what level of trader you are, from beginner to experienced. We have, in order of preference, platforms to purchase Tezos from!
Tezos rose to fame with its momentous ICO funding and later development in the project. It has seen a stable increase in prices over the last few months and seems to be continuing on the trajectory. With that in mind, many crypto enthusiasts are looking to get hands on Tezos to reap the most profits in the process.
Where can I buy Tezos?
# 1 Kraken
A crypto exchange that’s based off in US, Kraken is one of the leading exchanges offering services in more than 190 countries and having transacted trade size of over 50 billion dollars. It offers great liquidity and most competitive rates in the market. The interface is easy to use and get started on.
Once you create an account, you need to clear the KYC process. Once through, you can fund your wallet through bank transfer or using credit or debit card. You can purchase Tezos with fiat currency such as USD or EUR. You can also choose to pay for Tezos through other cryptos. Currently, Kraken allows users to purchase Tezos with either BTC or ETH.
Once your account is funded, you can go ahead and buy Tezos from the sellers on the exchange. Place your order and you are good to go. The fee structure for buy and sell orders on the exchange are relatively cheaper
- Well financed exchange and highly liquidated.
- Lower fees structure.
- Audited exchange.
- Requires ID verification hence not quite private.
# 2 BitIt
BitIt is a cryptocurrency exchange that is simple to use and extremely fast in deposits. Headquartered in Paris and established in 2015, it supports a wide array of currencies. You can choose to deposit your funds through any VISA or Mastercard card or through wire transfers. However, the transaction fees are steep and varies based on the payment method of deposit, starting from 0.25% all the way up to 8.75%.
Without ID verification, you can trade equivalent of 500 euros within a week’s time span. However, the limits are much more relaxed after ID verification.
- Easy to use
- Good for small traders to get in without requiring verification
- It is costlier than its counterparts
- Limits are strict on per-transaction basis
# 3 ZenGo
- Easy to use and secure
- Great for small purchases without requiring verification or KYC
- Supports “baking” with no need for an additional app
- No fees for withdrawing your crypto to any other wallet
- Responsive 24/7 customer support from within the app.
- ZenGo is currently free for early adopters.
- It is costlier than purchasing on an exchange
# 4 Bittrex
Bittrex is US-based digital assets platform with a sound global presence. It hosts cryptocurrency pairs against USD. A wide range of cryptos are available to trade and purchase on the platform. You can create your account and fund it through either other cryptocurrency such as BTC, USDT or ETH, or through wire transfer using your bank account.
Once the funds are available on your account, you can purchase Tezos through their platform. The fee structure is not very attractive for large volume buyers, however, suitable for smaller traders or first-time buyers.
Despite being US-based, it due to regulatory measures, it has barred US citizens from trading through its platforms. So, apart from US cryptocurrency enthusiasts, it is suitable platform for traders to purchase Tezos from.
- Wide range of cryptos
- Easy interface
- Safe and secure with a clean track record
- Automate trade via public API
- Does not allow US residents to use its platform.
- Flat rates are not suitable for large volume traders.
# 5 Coinbase Pro
If you are a trader working in larger volumes or an institution looking to purchase large number of Tezos, Coinbase Pro should be your choice. It is among the leading exchanges globally offering high liquidity and advanced trading features on its platform. It currently supports US, UK, Europe, Canada, Australia and Singapore.
Once your account is established, you can fund it via cryptos or through wire transfer. Both the options make your funds available to trade through within the same day as long as the fund request is initiated before 2pm. The fee structure is suitable for professional traders, and the percentages decreases as the volume traded goes up.
- Suitable for institutions and professionals.
- Secure and regulated.
- Offers high liquidity.
- Lower fee structure.
- Not suitable for beginners
# 6 eToro
eToro is a social trading platform that has functioned as a multi-asset brokerage far before the era of cryptocurrency. The company allows users to trade through their platform and make money. It offers a wide range of financial instruments from stocks, currencies, ETFs, commodities and cryptocurrencies.
It is regulated and registered with SEC hence offers its services mainly to US residents with a thorough registration and verification process. Once you are through with that, you can use wire bank transfer or any online form of banking to fund your account and purchase Tezos by placing a buy order. It is professional and secure.
- Simple to use
- Easy to make deposits
- Some cryptos have very high spreads
- Does not accept cryptos as form of deposits
# 7 Gate.io
If you are familiar with cryptocurrency and are looking to get into Tezos, Gate.io should be your preference. Tezos are available as pairs against BTC and ETH on the platform. Once you register your account, you can fund it through other cryptocurrencies. Gate.io does not support fiat deposits hence its suitable to use if you already have some cryptos and would like to use them to purchase Tezos.
It has a wide range of cryptos available on its platform. There is no deposit fee hence making it virtually cost free to deposit funds to purchase Tezos on this platform. It also offers cold wallet storage for a more secure experience.
- Secure through 2FA and cold wallet option.
- Wide range of cryptos available.
- Crypto deposits with no deposit fees.
- Mobile application available.
- Does not support fiat for deposits
- Not quite suitable for beginners
# 8 Binance
Binance is a cryptocurrency trading exchange. It offers over 100 cryptocurrencies and fiat pairs on its platforms. Established in 2017 and situated in Malta, it has a significantly large trading volume and is among reputable exchanges globally.
It accepts an array of currencies for deposits including USD, GBP, CAD, EUR, CNY, RUB and many more. Currently, it only supports deposits through cryptocurrencies, hence not a suitable platform for complete beginners. The verification process is optional on Binance making it a preference for those who prefer to stay anonymous.
- Low fee structure
- Verification is not required
- Highly liquid
- Advanced trading features
- Not regulated
- Not suited for beginners
# 9 Bitpanda
Bitpanda offers brokerage services for popular cryptos in the market. Launched in 2014 in Europe, it currently offers purchasing services to European citizens. It supports multiple fiat currencies for deposits such as EUR, GBP, CHF and USD. There is no deposit fee associated with funding your account. You can fund your account through credit cards, bank transfer or through cryptocurrencies as well such as BTC or ETH.
Once you register and verify yourself, you can purchase tezos right from the platform by specifying the amount you require. For unverified accounts, the total limit is capped at equivalent of 30,000 euros, whereas, after verification the limit is capped at 1,500,000 for both withdrawals and deposits.
- Instant funding
- Wide range of cryptos
- Good for beginners
- Buying is limited to European users
- Fees are hidden
- Does not follow hierarchical deterministic protocols for wallet hence not secure as per standards.
Conclusion: How to Buy Tezos
There you have it. A complete list of available options for all kinds of enthusiasts from beginners to advanced users from anywhere in the world interested in buying Tezos. Our tried and tested recommendation is Kraken, as an allrounder. For high volume traders, Coinbase Pro is a suitable option.