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How to buy XTZ (XTZ)
Step 1: Register
Create your account in minutes. Just provide your email or phone number, add two-step verification, and tell us your location to set up your preferred currency.
Step 2: Verify your identity (KYC)
Upload your ID and complete a quick liveness check to meet local regulations; verification is usually completed within minutes.
Step 3: Buy XTZ
Buy XTZ instantly with a debit card, credit card, Apple Pay, or Google Pay, or use bank transfer/ACH for lower fees and higher limits (availability varies by region). Enter the amount, review the live rate and fees, confirm, and receive your crypto securely.
What is XTZ (XTZ)?
Tezos is an open-source protocol that works on a proof-of-stake consensus mechanism. By design, Tezos is a self-amending blockchain that is focused on long-term upgradeability. This allows Tezos to address some of the key issues in blockchain adoption like high energy consumption and lack of code verifiability.
Blockchains like Ethereum (ETH) are criticized for high transaction costs (gas fees) and slow confirmation times. Tezos actively works to provide a faster and more economical alternative through constant upgrades to its core protocol. One of the most recent upgrades to Tezos, Granada, reduced block creation time from 60 seconds to 30 seconds which resulted in lesser gas fees.
XTZ is Tezos’ native cryptocurrency coin, used for staking, governance and transaction fees. Tezos holders are rewarded for participating in the protocol’s proof-of-stake consensus mechanism and validating transactions. Tezos also uses a liquid proof-of-stake method, which means that stakers can un-stake any time without a lock-in period. At the same time, Tezos uses a five-stage governance proposal process with a heavy focus on active community collaboration, allowing token holders to propose, evaluate and approve the future development of the blockchain.
XTZ FAQ
- Cryptocurrencies, such as XTZ, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
- Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as XTZ have been created as well.
- Check out our XTZ price prediction page to forecast future prices and determine your price targets.