Where To Exchange Tezos (XTZ) - Best Platforms With Reviews

Where can you exchange Tezos (XTZ) in 2024?

Introduction

"Where can you exchange Tezos (XTZ)" is a common query for those exploring the diverse world of cryptocurrencies. As digital assets continue to shape the financial landscape, understanding how and where to exchange them becomes crucial. This article delves into the Tezos ecosystem, providing a detailed overview of where to exchange Tezos (XTZ), its technological foundation, and its history.

Understanding Tezos (XTZ)

What is Tezos?
Tezos is a blockchain network linked to a digital token called a "tez" or "tezzie," which is not mined but rather earned through a process called 'baking'. In the Tezos system, bakers who own tokens and participate actively in the network's operation through validating transactions and producing new blocks are rewarded. This mechanism not only fosters a decentralized network but also encourages user participation.

The Origin of Tezos
Launched in 2017 after one of the most successful initial coin offerings (ICO) at the time, Tezos raised over $232 million. The project was founded by Arthur and Kathleen Breitman. It aimed to address key barriers facing blockchain adoption for assets and applications by allowing the network to upgrade itself through an on-chain governance model.

Technological Innovations
Tezos distinguishes itself with its self-amending blockchain architecture. It utilizes a formal process through which stakeholders can efficiently govern the protocol and implement future innovations. This feature is designed to reduce the political and social disruptions accompanying blockchain protocol upgrades.

Where Can You Exchange Tezos (XTZ)?

Major Cryptocurrency Exchanges
Tezos can be traded on several leading cryptocurrency exchanges, which provide a platform for buying, selling, or trading XTZ. These include:

  • Binance: Offers XTZ trading pairs with major cryptocurrencies and fiat currencies.
  • Coinbase: Known for its user-friendly interface, it allows users to buy and sell XTZ.
  • Kraken: Supports XTZ and provides options for both fiat and cryptocurrency pairs.

Decentralized Exchanges (DEXs)
For those preferring not to rely on centralized platforms, decentralized exchanges offer an alternative with direct peer-to-peer transactions. Examples include:

  • Uniswap: Facilitates automated transactions between cryptocurrency pairs on the Ethereum blockchain through the use of smart contracts.
  • 1inch: Provides access to multiple DEXs and finds the best trading routes across all platforms.

Local and Regional Exchanges
Depending on geographic location, local cryptocurrency exchanges may also support Tezos trading. These platforms often provide direct purchase options using local currency, making them a convenient choice for many users.

Safeguarding Your Tezos

Understanding Wallets
To securely hold Tezos, a digital wallet that supports the XTZ token is essential. There are several types of wallets to consider:

  • Hardware wallets, such as Ledger or Trezor, offer robust security by storing cryptocurrencies offline.
  • Software wallets provide convenience for daily use and are generally accessible via smartphone or desktop applications.

Security Practices
When engaging in transactions, always prioritize security. Use strong, unique passwords for your accounts and enable two-factor authentication (2FA) where possible. Be wary of phishing attempts and only download software from trusted sources.

The Future of Tezos

Adoption and Development
Tezos continues to grow in terms of adoption and ecosystem development. Its flexible upgrade system allows it to adapt to emerging blockchain technology trends and user needs. As more developers and enterprises explore its capabilities, the network is likely to see increased adoption in decentralized applications (dApps).

Conclusion

Tezos stands out in the crowded field of cryptocurrencies with its unique self-amending blockchain and a strong focus on community governance. For those looking to engage with this innovative network, numerous exchanges provide the opportunity to buy, sell, or trade Tezos. As the digital asset space evolves, Tezos may continue to play a significant role in shaping the future of decentralized finance. Remember, the key to successfully navigating the cryptocurrency world is understanding the platforms you use and prioritizing the security of your assets.

 
 
 
 
 
When choosing a platform to exchange Tezos (XTZ), consider its user rating. Make a conscious choice when choosing a platform. Study the company page on our website, read user reviews and draw conclusions whether you should use this service. There are a lot of scams in the field of cryptocurrency. Taking into account the reputation of the service when choosing a place to exchange Tezos (XTZ) is absolutely necessary if you do not want to lose your investment.
96 companies

HitBTC Cryptocurrency Exchange is a platform created in 2013 that allows you to trade more than 300 cryptocurrency pairs. The platform was launched back in 2013 and the investments it received amounted to about 6 million dollars.

Site:
hitbtc.com
Country:
Chile
Launched:
2013

Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.

Country:
China
Launched:
2017

Coinbase is a leading digital currency platform and wallet where sellers and buyers can transact with new types of digital currencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The exchange was founded by Brian Armstrong and Fred Ehrsam in 2012 and is based in San Francisco, California. They focus on the US market, however, the company currently operates in 31 countries and offers storage of bitcoins in 190 countries around the world.

Country:
USA
Launched:
2012

Bisq exchange was launched back in 2014. At that time it was one of the first Decentralized Autonomous Organizations (or simply DAO). According to the founders of this exchange, one of the goals of Bisq network is to "keep the original spirit of Bitcoin alive".

Site:
bisq.network
Country:
International
Launched:
2014

BITBOX is a Singapore-based cryptocurrency exchange launched in 2018. The team behind this platform is better known for a different project — messaging app LINE. The exchange is not available for the American citizens and doesn't support fiat money yet, but allegedly these problems are going to be addressed in the future. The trading volume is relatively low on BITBOX. By all valuations, this exchange ranks below the 100th position.

Country:
Singapore
Launched:
2018

Bithumb is a cryptocurrency exchange that is based in Seoul, South Korea.
The platform was founded in 2013. It allows users to buy, sell, and store various cryptocurrencies.
In South Korea, Bithumb is one of the largest exchanges, and it boasts some of the biggest crypto trading volumes.

Country:
South Korea
Launched:
2016

CoinEgg is a UK-based cryptocurrency exchange founded in 2013. It has a few markets including BTC, ETH, EUSD, and USDT. The exchange doesn't support fiat currencies and provides not much information in charts/graphs. The interface is quite simple. It supports English and Chinese languages. The users are provided with such standard graphs as a candlestick chart and a market depth chart, prices (including 24 hours high and low) and 24 hours trading volume.

Country:
United Kingdom
Launched:
2017

Coinomi is one of the oldest cryptocurrency wallets, supporting a wide range of currencies and tokens since the launch of the project. Currently, the number of supported coins and tokens exceeds five hundred. The wallet provides a built-in exchange as an additional feature. Both desktop and mobile versions of the wallet are available.

Country:
International
Launched:
2014

Coinspot wallet is a special service provided by Coisnpot exchange. It provides a hot wallet for every coin its exchange is currently trading. Alongside with crypto, it also supports the Australian Dollar. Currently ,CoinSpot wallet has more than 60 coins and tokens. Built-in exchange is an additional feature of the wallet as well as 2FA for the additional security. The only language available is English.

Site:
twitter.com
Country:
Australia
Launched:
2013

Exodus is a top-tier multi-cryptocurrency wallet with rich opportunities for personalization and numerous available features. It was founded in 2016 with the idea to provide crypto beginners with a convenient tool to handle their coins. There is no sign-up or maintenance fee charged for its use.

Country:
USA
Launched:
2016

IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.

Site:
www.idax.pro
Country:
Mongolia
Launched:
2017

IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform.

The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.

Site:
idex.market
Country:
Panama
Launched:
2016

ABCC is a Centralized cryptocurrency exchange based in Singapore. The exchange was launched in 2018. ABCC has 132 available trading pairs and 73 coins. Deposits are Free on the exchange. ABCC doesn't have Fiat deposits option. Margin trading option is not available on the exchange.

Site:
abcc.com
Country:
Singapore
Launched:
2018

Abra is the investment product and a mobile crypto wallet that can be used on both Apple and Android platforms. Abra supports cash-out transactions as well as bank transfers.

Site:
www.abra.com
Country:
International
Launched:
2014

AirSwap is a Decentralized cryptocurrency exchange based in the USA. The exchange was launched in 2017. It’s reported volume is about 4.5-5 mln. $. The exchange provides peer-to-peer trading and has 3 available trading pairs and 6 coins.

Country:
USA
Launched:
2018

Altcoin Trader is a Centralized cryptocurrency exchange based in South Africa. The exchange was launched in 2014. Altcoin Trader has 20 available trading pairs and 21 coins. The exchange uses the Ordinary procedure for verification including two-step verification process and Know Your Customer (KYC) procedure. If you want to raise the account limits and minimize processing time you must go all the way, uploading ID card, proof of residence, etc.

Country:
South Africa
Launched:
2014

AscendEX (BitMax) is a Singapore-based cryptocurrency exchange that was launched in 2018 under the name of BitMax. The rebranding was put into action in March 2021

Site:
ascendex.com
Country:
Singapore
Launched:
2018

Atomex wallet is a mobile app with an in-built conversion tool for multiple currencies. Atomex is Android compatible whereas an iOS version is coming. 

Site:
atomex.me
Country:
International

B2BX is a Centralized cryptocurrency exchange based in Estonia and which is officially registered in Tallinn. The exchange was launched in 2018. B2BX has multiple fiat deposits and withdrawal options, including bank transfers, card payments, different payment systems. B2BX has 3 available trading order types, which can be suitable both for beginners and advanced traders. Also, it has a big liquidity pool. According to the exchange website, and CoinMarketCap, it fluctuates within 10 mln.$ per day. 

Country:
Estonia
Launched:
2018

Bancor Network is a Decentralized cryptocurrency exchange. The exchange was launched in 2017. Its reported volume is about 40 millions of dollars. Bancor Network has 106 available trading pairs and 116 coins.

Country:
Switzerland
Launched:
2017
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