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How to buy Tezos on Coinbase 

How to buy Tezos on Coinbase.com

– Buy Tezos on Coinbase or Coinbase Pro –

Trade Button Tezos Coinbase

About Coinbase.com

Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. Coinbase is based in San Francisco, California and operates the broker platform Coinbase.com and the professional platform Coinbase Pro.

Coinbase fully supports the trading of Tezos. XTZ can be bought using your credit card, wire transfer or by using cryptocurrencies.

Find below the tutorial to trade Tezos on Coinbase and Coinbase Pro:

 


Step 1:
Register an Account

Go to Coinbase.com

Info: Register and verify your identity to start trading


Step 2:
Verify your identity

To deposit funds via credit card or bank transfer you must verify your identity.

Verify identity for Tezos trading on Coinbase Pro


Step 3:
Buy Tezos with credit card

Select "TRADE"

To buy Tezos go to the trade section.

You can buy Tezos with your credit card directly. The coins will be available in your Coinbase wallet.

Optionally you can use wire transfer to fund your Coinbase account.



Enter the amount and the coin.

After clicking trade you will be directed to the buying overview.

You have to enter the amount and the coin.

The price is dependant on the current market price of Tezos.


Select the coin

By clicking on the coin selection area you will see multiple options of coins.

Search for Tezos and select it.


Enter the amount

After selecting the coin you must enter the amount of Tezos you want to purchase

You can enter either the amount of XTZ you want to receive or the amount of fiat you want to invest.


Finish the trade

After entering amount and coin you can finalize your trade.

Click on "Buy Now" to buy your Tezos coins.

Trade Coinbase Tezos Tutorial - buy now Tezos Credit Card


SUCCESS - You bought Tezos coins on Coinbase.

Using Coinbase Pro Exchange - Tutorial to buy Tezos (XTZ)

How to buy Tezos on Coinbase Pro

Pro Step 1:
Deposit funds

Coinbase Pro is perfect for buying or selling a higher amount of XTZ as the fees are lower than on the broker model.

Please note that you should be familiar with order types and the mechanism of an professional exchange.

Before buying Tezos you must deposit funds to your Coinbase account. Therefore, select accounts.

Wallets Coinbase Tezos Tutorial

Here you can see your balance of available funds. Later you will need those to transfer them to the Coinbase Pro platform. Three options to fund your wallet(s) are available:

  • Option 1: Buy cryptocurrency directly using your credit card.
  • Option 2: Deposit Fiat Currency via bank transfer.
  • Option 3: Deposit cryptocurrencies like Bitcoin, Ethereum etc.

Pro Step 2:
Transfer your funds to Coinbase Pro

Switch to Coinbase Pro

Go to Coinbase Pro

For trading on the professinal exchange Coinbase Pro you must transfer your funds to the Coinbase Pro platform from the Coinbase broker site to buy or sell Tezos there.

After you already created an account, switch to Coinbase Pro.

Coinbase Pro Tezos Trading


Select MY WALLETS

Go to the wallet section of Coinbase Pro to see your balance(s)

After you alredy created an account, switch to Coinbase Pro.

Funding Coinbase Pro Tezos Tutorial


Deposit

Click on "deposit" in the deposit and withdrawal section.

Funding Coinbase Pro Tezos Tutorial


Transfer from Coinbase account

Click on transfer from your Coinbase account and select your currency (either fiat money like USD or EUR or cryptocurrencies).

Transfer your funds from your Coinbase account or deposit cryptocurrencies.

Transfer from Coinbase to Coinbase Pro Tezos Tutorial

Transfer from Coinbase to Coinbase Pro Tezos Tutorial - big

Pro Step 3:
Go to the Tezos (XTZ) market

Search for the XTZ market

XTZ is the abbreviation for Tezos.

Go to "Select Market" and type in Tezos or XTZ to find the Tezos market.

Funding Coinbase Pro Tezos Tutorial


Select the trading pair

Depending on the funds you deposited you can select a trading pair.

  • XTZ-USD: Select the trading pair to buy Tezos with US Dollar.
  • XTZ-BTC: Select the trading pair to buy Tezos Bitcoin.

Funding Coinbase Pro Tezos Tutorial


Pro Step 4:
Trade Tezos

Create an order to trade Tezos.

To buy or sell Tezos you must create an order on the exchange.

There are two main options:

  • Market Order: Executes at best price by working up the order book.
  • Limit Order: Executes at your set price. *PREFERRED*

Enter the quantity and the price (entering of the price not needed on market orders) you want to buy or sell XTZ on Coinbase Pro.

Click on "PLACE BUY ORDER" to execute your buying offer.

Place order for Tezos on Coinbase Pro


Pro Step 5:
Optional: Withdraw your coins

To withdraw your recently bought coins, go back to "My Wallets".

Search for your XTZ balance and click on "withdraw".

Type in your amount and your XTZ wallet address.

Withdraw Tezos from Coinbase Pro

Recommendation: Withdrawing your funds to your personal Tezos wallet makes you invulnerable to exchange hacks. Keep that in mind.

Find the link on how to create a Tezos wallet and store your XTZ safely in the "Tezos Quicklinks" section below.


Link to Coinbase.com

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