How to buy, sell and trade Tezos (XTZ) in the US |

How to buy Tezos (XTZ)

A beginner’s guide to buying, selling and trading Tezos (XTZ) in the United States.

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Known as Tezzies, XTZ tokens are the native currency of the Tezos blockchain. However, as they can currently only be traded on a small number of exchanges, it’s important to know where to look if you want to get your hands on any XTZ.

If you’re looking to add some Tezos to your portfolio, keep reading for step-by-step instructions on how to buy XTZ.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Skip ahead: What do you want to know?

Quick guide: How to buy Tezos

  1. Buy BTC.
  2. Register for an account with an exchange like
  3. Enable two-factor authentication.
  4. Click “Wallets.”
  5. Find Bitcoin in the list of currencies and click “Deposit.”
  6. Copy the deposit address or scan the QR code.
  7. Deposit BTC into your account.
  8. Select “BTC Markets” from the “Markets” drop-down menu.
  9. Click “XTZ.”
  10. Enter the amount of XTZ you want to buy.
  11. Click “Buy (BTC→XTZ).”

This is our quick guide to just one way of buying XTZ. Compare some other options in the table below.

Where to buy Tezos

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Credit card
Debit card
Wire transfer
Yandex Money
China Union Pay
Giropay (Sofortüberweisung)
Skrill Limited UK
Local Online Banking
Disclaimer: Highly volatile investment product. Your capital is at risk. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. US users have limited access to some of eToro’s features.

Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Credit card
Debit card
Bank transfer (SEPA)
Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts. Cryptocurrency Exchange
BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 117+ more

Compare up to 4 providers

A step-by-step guide to buying Tezos

You can buy Tezos directly with US dollars or you can trade another currency, such as Bitcoin (BTC) or Tether (USDT), and then exchange it for XTZ.

Buying Tezos with fiat currency

For the purposes of this example, we’ll look at how to buy Tezos with US dollars on Kraken.

Buying Tezos with cryptocurrency

For the purposes of this example, we’ll look at how you can buy Tezos with Bitcoin.

How to sell Tezos

If you want to sell your Tezos tokens, you can do so by following a fairly similar process to that described above. The obvious difference is that you need to make sure to type in your transaction details under the “Sell XTZ” heading.

In addition, because Tezos is only listed in a limited range of trading pairs, you may not be able to make a direct exchange for the currency you want.

Which wallets can I use to hold Tezos?

Rather than storing your tokens on exchanges, which are regularly the target of hacking attempts, it’s widely recommended that you transfer any tokens you buy into a private wallet.

There is currently no official Tezos wallet. Unfortunately, there isn’t a great deal of choice when choosing a Tezos wallet either, though an increasing number of products are becoming available. Options you might like to consider include:

  • Galleon Tezos Wallet (desktop wallet)
  • TezBox Wallet (web and mobile wallet)
  • Kukai Wallet (web wallet)
  • (mobile wallet)

In addition, software company Obsidian Solutions announced in July 2018 that it had released a Tezos Wallet application for the Ledger Nano S.

For more tips on how to choose a good wallet, check out our cryptocurrency wallets guide.

How Tezos works

Tezos is not only a platform for smart contracts and decentralized applications (dapps), it’s also the world’s first self-evolving blockchain.

In the short history of cryptocurrencies, there have been numerous examples of currencies being forced to fork their network into two different blockchains in order to upgrade. Perhaps the most notable example of this was the DAO hack that saw Ethereum and Ethereum Classic go their separate ways. Forks often divide the community behind a cryptocurrency and can cause significant network disruptions.

Tezos’ unique solution is a process that enables its protocol to be continuously upgraded through on-chain governance. The aim behind this is for the network to constantly evolve and upgrade over time, rather than undergoing radical changes that require a hard fork. All stakeholders can participate in governing the Tezos protocol by voting on proposed changes and upgrades.

Tezos also has its own smart contract programming language, Michelson, and uses a delegated proof-of-stake algorithm to achieve network consensus. Rather than staking, Tezos uses a process known as baking. Bakers are required to provide a security deposit to participate in the consensus process, and they validate all transactions and add them to the blockchain.

Tezos controversy

In July 2017, the Tezos team wrapped up a successful Initial Coin Offering (ICO) that raised US$232 million worth of Bitcoin and Ethereum, making it one of the world’s largest ever ICOs. It was a promising start for this ambitious blockchain platform, but since then Tezos has been mired in controversy.

The project is headed by husband-and-wife duo Arthur and Kathleen Breitman. In April 2018, the United States’ Financial Industry Regulatory Authority (FINRA) fined Arthur Breitman $20,000 and suspended him from associating with broker-dealers for up to two years after he allegedly began developing and pitching Tezos while still working for Morgan Stanley.

However, the project has also been rocked by a significant legal dispute between the Breitmans and Johann Gevers, the former president of the Swiss-based Tezos Foundation, and a series of lawsuits launched by ICO participants. One class action lawsuit that claims the company violated US securities laws during the ICO is still set to go ahead.

As a result of all this drama, the launch of the Tezos network was significantly delayed. ICO participants didn’t even get access to the tokens they had purchased for almost a year, and once tokens were distributed many holders decided to sell straight away.

Things to consider before you buy XTZ

Cryptocurrencies are complicated and volatile assets, and buying any digital coin or token comes with a high level of risk attached. With this in mind, it’s essential that you research and understand the many factors that can potentially impact the price movements of any cryptocurrency before you buy.

If you’re thinking of buying any XTZ, make sure you consider the following:

  • Supply. According to CoinMarketCap, at the time of writing (October 2018) the circulating supply of XTZ was 607,489,041, out of a total supply of 763,306,930.
  • Controversy. We’ve given you an abridged version of the scandals that have plagued Tezos above. Before buying any XTZ, make sure you thoroughly research the ins and outs of the lawsuits and apparent internal power struggles that have troubled Tezos and made headlines throughout the crypto world.
  • Limited availability. Perhaps because those who participated in the Tezos ICO had to wait so long to receive their tokens, Tezzies can only be traded on a handful of exchanges.
  • Use. Tezzies are the Tezos network’s store of value. They’re used to pay transaction fees and power smart contracts, and are also offered as baking rewards.
  • White paper. If you want to take a detailed look at the technology behind Tezos and how the platform works, check out the project’s white paper. The Tezos position paper is also a useful document for understanding the motivation behind the creation of the platform.

Tezos is a controversial project but one that nonetheless has plenty of unique and interesting features. Make sure you consider all the factors listed above and any other risks before deciding whether or not you should buy XTZ.

Compare ways to buy Tezos

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Disclosure: At the time of writing the author holds ADA, ICX, IOTA, POWR and XLM.
Image source: Supplied, photographer: Tezos

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site