Tezos guide

A beginners guide to Tezos (XTZ)

Buying crypto can be confusing. We explain step by step how and where to buy Tezos.

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Get started with Tezos

Get started with Tezos.

Do you want to know what Tezos is and how you can buy it safely? This is the complete guide to Tezos.

Create a wallet

We don't recommend leaving your Tezos on an exchange. The safest way to store your Tezos is on a hardware wallet. We have guides on all types of wallets that show the entire process step-by-step.

Buy Tezos

Buy Tezos with bitcoin, or with your own currency. Rules and regulations are different in some countries. We have a lot of resources to learn how to buy Tezos safely.

Receive interest

You can delegate your Tezos to a baker. This means you earn around 6% interest for simply holding Tezos. By delegating your Tezos, you're helping the Tezos blockchain stay secure.

What is Tezos?

What is Tezos?

Tezos is a cryptocurrency that doesn't use a Proof of Stake protocol as Bitcoin does. The Tezos protocol is not based on mining Tezos. But Tezos holders will receive tezos for taking part in the proof-of-stake consensus mechanism of Tezos.

Tezos is designed for smart contracts, not a store of value, like bitcoin. One key feature where Tezos is different from other smart contract-based blockchains is that participants in Tezos can control the changes in the Tezos network. Everyone can vote on changes on the Tezos network by delegating their tezos to a baker whose opinion you stand behind. Next to that, you earn Tezos by delegating your tezzies to a baker.

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Baking Tezos on exchanges

Many crypto exchanges are starting to pay out baking rewards if you keep your Tezos in your exchange account. This is very bullish for Tezos: the exchanges need to hold the exact same amount of Tezos their users are baking. Otherwise they won't receive enough rewards from the network.

The more users buy Tezos, the more the exchange needs to hold in reserve as well. If more users buy Tezos, exchanges need to buy more Tezos from the market. Such huge buying interest will increase the price. Which in turn will increase the interest for Tezos. And therefore creating a deflationary bubble.

Continue: Tezos baking

Create a Tezos wallet

To start, you need a wallet. We have an extensive guide on what types of wallets are available, and what wallet we recommend using.

Create a wallet

Ready to buy Tezos?

Get started with our free step by step guide.