Tezos (XTZ)
All prices are in USD.
How to buy Tezos
XTZ
Tezos uses a proof-of-stake protocol which creates strong incentives for users to actively participate in the development process. Tezos' consensus model permits the platform to upgrade rapidly without the risk of a 'hard fork'. Its asset token is XTZ. You can buy and sell XTZ for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade XTZ for BTC the same way you trade CAD for USD. You can also trade XTZ to CAD based on the XTZ price. To learn how to buy Tezos / XTZ, scroll down to see how to buy Tezos.
Here’s how to buy Tezos on Coinsquare
Buying Tezos is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Tezos, which trades as XTZ. Based on when you think you can get a good XTZ price, you should be able to trade XTZ to CAD.
To buy Tezos, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying XTZ. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select XTZ from the list on the trade section
Coinsquare lets you trade XTZ without leaving the app. You can also check the Tezos stock price and convert XTZ to CAD on the platform.
Select a currency you’ve funded and use it to check the XTZ price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy XTZ
Congratulations! You’re now the proud owner of XTZ. You can either HODL or use it to exchange XTZ to CAD. To the moon!
Tezos is an open-source platform for assets and applications that can evolve by upgrading itself. In Tezos, all stakeholders can participate in governing the protocol, including upgrades to the amendment process. Self-amendment allows Tezos to upgrade itself without having to split (“fork”) the network into two different blockchains. Owners can interact with the Tezos blockchain by holding Tezos tokens (XTZ). For the purpose of validating transactions on the protocol, a process called “baking” was developed. Simply put, it is the act of signing and publishing blocks to the Tezos blockchain. Bakers are a crucial component of the proof-of-stake (PoS) consensus mechanism by ensuring that all transactions in a block are correct, that the order of transactions is agreed upon, and that no double-spending has occurred.
You may want to consider buying XTZ if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Explore the Tezos blockchain and become a validator (to eventually earn rewards)
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Where do I keep my XTZ?
Ready to add XTZ to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.