A Beginner’s Guide to Buying and Selling Tezos Cryptocurrency in Ireland
If you’re based in Ireland and wish to buy Tezos – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many Tezos tokens you want to buy.
Investors must always perform thorough research before investing in the crypto market. Research and statistics are crucial ways to gain the requisite knowledge and skills for effective investment decisions. Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders.
What’s in this guide?
This guide will equip you with the information you need to know about how to buy Tezos tokens in Ireland. The guide is comprehensive and well-detailed so that even beginner investors will learn how they can buy the tokens with ease as they make profits from the booming crypto sector.
However, you need to note that this guide cannot be used as a replacement to financial advice. If you are new to the cryptocurrency market, you need to understand the market movements, research trading strategies and gain more details that will increase the chances of making a profit.
How To Buy Tezos In Ireland – Quick Guide
To help you buy Tezos coins as quickly as possible, we broke the process down into a few easy steps:
- Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
- Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
- Step 3: Deposit – Fund your new eToro account with a minimum of $10.
- Step 4: Search for Tezos on eToro – Search for XTZ or Tezos in the eToro crypto market.
- Step 5: Buy XTZ – Enter the amount of the worth of Tezos you want to purchase in United States Dollars (USD), then click Open Trade.
That’s it! By following these easy steps, you can invest in Tezos in Ireland in less than 5 minutes.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Where To Buy Tezos In Ireland
If you want to buy Tezos in Ireland, follow these simple steps and be on your way to making incredible profits.
List of the best Exchanges to buy Tezos (XTZ) in Ireland:
Looking where to buy Tezos in Ireland right now? Below you will find 4 of the best brokers that allow you to buy Tezos in Ireland.
- eToro - Best broker to buy Tezos (XTZ) in Ireland
- Binance - Best exchange to buy Tezos in Ireland for asset diversity
- Coinbase - Best exchange to buy Tezos (XTZ) for beginners
- OKEx - Best broker to buy XTZ in Ireland for low-cost
A Step-by-Step Guide To Buying Tezos In Ireland
You can choose to buy using one of these two ways. The first one is to buy Tezos using other cryptocurrencies and the other is buying Tezos using fiat currencies.
Buying Tezos with other cryptocurrencies
The first method of buying Tezos is by exchanging the tokens with other cryptocurrencies. This process is mostly used by experienced traders because they already have other cryptocurrency holdings in their exchange accounts. However, not all exchanges offer this option.
Buying Tezos with fiat currencies
The other way for you to buy Tezos tokens is by using fiat currency. Fiat currency is the normal currency such as USD, GBP, that is used within jurisdictions. In this case, you have to ensure that you pick that exchange that supports the Euro, for you to buy Tezos in Ireland.
To start buying Tezos, follow these simple steps:
Step 1: Register with an exchange
The first thing you need to do when buying Tezos is to open an exchange account. There are many exchanges in Ireland but as mentioned earlier, it is critical that you select the exchange that supports the local currency. Once you have selected the exchange, the first step is to open the account.
Opening an account is an easy and fast process. Some of the details that will be required of you when opening the account include your name, telephone number, email address and others. Some exchanges will also require you to comply with KYC verification measures that will authenticate the details you have provided.
You also need to enhance the security of the account with a strong password and a multi-factor authentication process. The security of different exchanges differs so this is also another factor you should assess when creating the account.
Step 2: Fund the account
The second step is for you to fund the exchange account. Different exchanges have multiple ways for you to fund the account. If you want to buy Tezos using fiat currency, you have to link your credit card and your bank account with the exchange so that you deposit funds that you can use in the purchase.
Step 3: Purchase Tezos
The most important step is to purchase Tezos tokens. Now that you have a means of purchasing, go to the order section and create an order for the number of tokens that you want to purchase.
You can choose to purchase Tezos by exchanging it with other cryptocurrencies or you can exchange them with fiat currency. After creating the order, the next step will require you to confirm the order and the details of your transaction will be sent to your email address.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Sell Tezos
Once you have bought Tezos tokens, you need to find a way for you to make profits from your holdings. The most popular way of making money from cryptocurrency is through trading. The sales process is also as easy as the purchase process.
The first thing you need to do is to sign in to your exchange account and go to the sale section. After going to the section, you need to select whether you want to trade Tezos tokens with other cryptocurrencies or with fiat currency. If you sell Tezos for fiat currency, you can later withdraw the amount from the exchange.
Which Wallets Can I Use To Hold Tezos?
It is not safe for you to hold your tokens on an exchange because exchanges are prone to hacks that can lead to loss of funds. To keep your tokens safe, you need to purchase a wallet that supports Tezos. There are two main types of wallets that you can choose from.
A hot wallet is a preferable option if you are a frequent trader. It will store your coins on online platforms such as a desktop or a mobile app. The other type is a cold wallet that will keep your tokens offline on devices such as a USB. Cold wallets are safer compared to hot wallets. However, they are less convenient to a regular trader.
How Tezos Works
Tezos works just like the other cryptocurrencies. The coin is based on a decentralized platform, which keeps transactions safe and anonymous compared to traditional finance platforms. The underlying blockchain technology ensures that transactions are also cheaper and fast compared to what happens in traditional finance platforms.
Key Things To Consider If You Are Thinking About Buying Tezos In Ireland
You need to consider the following factors if you are looking towards buying Tezos in Ireland:
Availability
The first thing you need to consider is the availability of Tezos tokens. You need to ensure that the number of Tezos tokens is in high supply because this will create liquidation every time you want to buy or sell the tokens.
Usability
You also need to assess the practicality of the Tezos blockchain in the real world. When a blockchain network can be used for real-world usage, it creates stability for its value.
Volatility
The other factor you also need to consider is the volatility of the token. While volatility in the cryptocurrency market may be hard to evade, you can look at the historical performance of Tezos to know its highs and lows.
eToro – Best Broker To Buy Tezos XTZ In Ireland
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FAQs
Is Investing in Tezos risky?
Yes, investing in cryptocurrencies is highly risky, which is why it is recommended that you consult with an expert before venturing into the field.
Can I Buy Tezos with a credit card?
Yes, it is possible to buy Tezos with a credit card, but this option is not available on all exchange platforms.
Is Tezos similar to Bitcoin?
Both Tezos and Bitcoin are cryptocurrencies. The only difference is in their value and the functionality of their underlying networks.