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

BCoin.sg was a centralized cryptocurrency exchange based in Singapore. The exchange was launched in 2018. 
Deposits were free on the exchange. Margin trading option was not available on the exchange. 
At the moment the exchange doesn’t work and there is no official information about when the exchange will be active again. All the official pages of the platform are down as well, including Twitter and Facebook. We will update information about the exchange as soon as it is active again. 

Site:
www.bcoin.sg
Country:
Singapore
Launched:
2018

Bgogo is a centralized cryptocurrency exchange based on the Cayman Islands. The exchange was launched in 2018.

Site:
bgogo.com
Country:
Cayman Islands
Launched:
2018

BigONE is a centralized cryptocurrency exchange. The exchange was launched in 2017. Its reported volume is about 180-200 mln. $. BigONE has 117 available trading pairs and 75 coins. Deposits are free on the exchange. BigONE doesn't have fiat deposits option. Margin trading option is not available on the exchange.
Withdrawal fees can reach up to 0.0002 BTC.

Site:
big.one
Country:
Singapore
Launched:
2017

Bitbank is one of the leading cryptocurrency exchanges targeting the residents of Japan. The exchange tab of the website is not available in languages other than Japanese and those who want to register on Bitbank from overseas have to pay $100 commission. Nevertheless, for those in Japan, this platform is quite convenient as it collects no deposit and trading fees (it’s relevant only for Makers) and has some other nice features.

Site:
bitbank.cc
Country:
Japan
Launched:
2014

Bitfinex is one of the largest exchanges in terms of daily trading volumes and overall recognition. It was founded in 2012 and it is based in Hong Kong. 72 trading pairs are currently available on the platform. The pairs are linked to the four currencies including USD, EUR, BTC and ETH.

Country:
British Virgin Islands
Launched:
2012

BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.

Country:
Singapore
Launched:
2017

BitGo is one of the oldest cryptocurrency wallets, launched in 2013. Many users claim that this is one of the most trusted BTC wallets on the market. Both desktope and mobile versions of the wallet are available. Mobile version is available both for Android and IOS.

Country:
USA
Launched:
2013

Bitonic is a Netherland-based cryptocurrency exchange and the first Dutch Bitcoin company. Its history dates back to 2012 when three Bitcoin enthusiasts offered a fast way to buy Bitcoin in the Netherlands. When working with Bitonic, you don’t need to set up an account.

Site:
bitonic.nl
Country:
Netherlands
Launched:
2012

Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors.
But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account. 

Site:
bitso.com
Country:
Mexico
Launched:
2014

Bitstamp is a crypto exchange founded in 2011 by Slovenian developers Nejc Kodric and Damijan Merlak to provide crypto services for European traders. This was a response to the growing dominance of Asian exchange Mt Gox. 
 
The platform was developed to have guiding rules that ensured that customer's funds were safe from breaches. The crypto exchange became popular as it was one of the first that allowed users to purchase cryptocurrencies using popular fiat currencies. 

Country:
Slovenia
Launched:
2011

Bittylicious is a UK-based cryptocurrency exchange. It was founded in 2013. The headquarters of the company is located in London. A CEO and founder of Bittylicious is Marc Warne.

Country:
United Kingdom
Launched:
2013

BTC-Alpha is a UK based platform founded in 2018.
The platform facilitates a solid number crypto currencies and trading pairs.
Its web trading platform also powers analytical tools. Flat trading fee (0.20%) is a little lower than the market’s average rate. Fiat-to-cryptocurrency trading (USD) is available.

Country:
United Kingdom
Launched:
2016

BTC Trade UA is the Ukranian cryptocurrency exchange platform. It offers 23 trading pairs, as well as mobile apps designed for both Android and iOS.

Country:
Ukraine
Launched:
2014

Cashierest is one of the leading Korean exchange platforms. There are three platforms powered by the brand: Cashiers is operating cryptocurrency trading, Cappay is for cryptocurrency payments and the third component is represented by PDP brokerage. 

Country:
Korea
Launched:
2018

Cat.Ex exchange platform was founded in mid-2018. Its headquarters is based in China. Providing its local token holders with dividends on a daily basis, Cat.Ex utilizes transaction mining in order to ensure an efficient profit-sharing. 

Site:
www.catex.io
Country:
China
Launched:
2018

CEX.io can be called one of the oldest exchange platform and can be used all over the world.
Today this exchange supports Bitcoin, Ethereum and the number of other currencies as well. CEX. io was established in 2013 in London as an exchange and cloud mining provider.

Site:
cex.io
Country:
United Kingdom
Launched:
2013

Change Wallet is the mobile application allowing to purchase, sell and transact with the number of cryptocurrencies.

Country:
International
Launched:
2016

Coinbit exchange was established in South Korea in 2018 and is mainly focused on the national market. Coinbit provides trading with crypto assets paired against Korean Won, BTC, ETH and USDT.

Country:
South Korea
Launched:
2018

CoinEx exchange was established in 2017 in Hong Kong. The platform can be used as a low-cost exchange with a broad range of different coins. The main asset is Bitcoin cash. Moreover, there is information that this exchange is going to present its new coin soon. It might be called CoinEx Token. Besides, the developers of CoinEx can establish a special exchange with the decentralized system using CET as “gas”.

Country:
Samoa
Launched:
2017

The exchange was closed in 2019 with the preliminary notice informing about suspension of trading and deposit. Withdrawals had been operational for a couple of months since that time till December 1, 2019. The team explained the termination of activity by business reasons.

Country:
Australia
Launched:
2016
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