How to Buy XTZ (Tezos) Crypto on eToro: Step by step Guide 2023

Looking to buy XTZ (Tezos) on eToro? 🚀 You’ve come to the right place! In this guide, we’ll walk you through the entire process, step-by-step. So, let’s dive in! 🏊‍♂️

Introduction to XTZ (Tezos) and eToro

What is XTZ (Tezos)? 🌐

XTZ, or Tezos, is a decentralized, open-source blockchain network that allows for smart contracts and dApps. It’s known for its unique on-chain governance model and self-amending capabilities, which help to prevent hard forks and ensure the network’s smooth operation. 🔗

Why eToro? 📈

eToro is a leading social trading platform that offers access to a wide variety of assets, including cryptocurrencies like XTZ (Tezos). With its user-friendly interface, advanced trading tools, and social features, eToro makes it easy for both beginners and experienced traders to invest in cryptocurrencies like Tezos. 😎

How to Buy XTZ (Tezos) on eToro: Step-by-Step Guide

Step 1: Sign up for an eToro account 📝

First, head over to eToro’s website and click the “Join Now” button to create a new account. Fill in your personal information, choose a username and password, and complete the registration process. Don’t forget to verify your email and phone number! 📧

Step 2: Complete your eToro profile ✅

Before you can start trading, you’ll need to complete your eToro profile. This includes providing additional personal information, answering a few questions about your trading experience, and uploading a valid ID and proof of address. This step is crucial for complying with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. 📃

Step 3: Deposit funds into your eToro account 💰

Next, you’ll need to deposit funds into your eToro account. Click the “Deposit Funds” button and choose your preferred payment method (e.g., credit/debit card, PayPal, or bank transfer). Enter the amount you’d like to deposit, and follow the on-screen instructions to complete the transaction. 💳

Step 4: Search for XTZ (Tezos) on eToro 🔍

Once your funds have been deposited, you can start searching for XTZ (Tezos) on eToro. Click the “Trade Markets” tab and then select “Crypto.” Type “XTZ” or “Tezos” in the search bar, and click on the result to open the XTZ trading page. 🖱️

Step 5: Buy XTZ (Tezos) on eToro 🛍️

Finally, it’s time to buy XTZ

(Tezos) on eToro! On the XTZ trading page, click the “Trade” button to open the order form. Enter the amount of XTZ you’d like to purchase or the amount of your chosen currency you’d like to spend. Make sure you’re using the “Buy” option, and then click “Open Trade” to execute the order. Congratulations, you’ve just bought XTZ (Tezos) on eToro! 🎉

Pros and Cons of Buying XTZ (Tezos) on eToro

Pros 👍

• User-friendly platform, suitable for both beginners and experienced traders
• Wide range of assets, including cryptocurrencies like XTZ (Tezos)
• Social trading features, allowing users to follow and learn from other traders
• Advanced trading tools and educational resources
• Regulated and secure platform, compliant with KYC and AML regulations

Cons 👎

• Trading fees may be higher compared to some other platforms
• Limited to the cryptocurrencies offered on the platform
• Withdrawal process can be slow and may incur additional fees

Conclusion

Now that you know how to buy XTZ (Tezos) on eToro, you’re ready to dive into the world of crypto trading! Remember to always do your own research and analysis before making any investment decisions, and stay informed about market trends and changes. Happy trading! 🚀

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GENERAL RISK WARNING

• ▸eToro is a multi-asset platform that offers: Stocks, Crypto assets, and CFDs.
• ▸CFDs are complicated and can make you lose money quickly because of leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. Think about if you understand how CFDs work and if you can afford to take the risk of losing your money.
• ▸Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
• ▸Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
• ▸Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
• ▸eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity-specific information about eToro.

Be warned!

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Author & Expert Trader - Financial Analyst :

My name is Bart Bregman and I am a full-time professional trader with nine years of experience. I specialize in shorter-term trading using technical analysis, and I have extensive experience with Stocks, CFDs, Options, and Crypto trading. I believe that there is no such thing as a bad trade. I'm currently traveling the world as a digital nomad trader. You can follow my journey on Instagram at https://www.instagram.com/bart_bregman/