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Buy Tezos in the UK

Tezos

XTZ
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£0.000GBP
Figures shown refer to the past. Past performance is not a reliable indicator of future results. Pricing data is sourced from CoinJar's proprietary price index, which considers prices on CoinJar Exchange and third parties including Coinbase, Kraken, Gemini, Bitstamp, CoinMarketCap and CoinGecko.
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Overview

#78Popularity
Smart Contract PlatformAsset type
2018Active since
Official site

What is Tezos?

Why investors buy Tezos: Tezos is not your typical cryptocurrency. It’s more like a digital platform that allows people to create and manage assets and applications. Metaphorically, it is a playground for developers, where they can build stuff using blockchain technology. But what makes Tezos unique from other blockchains?

Self-upgrading

Imagine if your smartphone could upgrade itself without you having to buy a new one. That’s what Tezos does. It evolves over time. How? By upgrading itself through a process called self-amendment.

No forks — just smooth transitions. This means Tezos can adapt to new challenges without splitting into different versions.

Governance by the people

Tezos isn’t ruled by a single king or queen. Instead, it’s governed by its users. It’s like a digital democracy. If you’re a Tezos holder, you get a say in how things work.

So, when someone suggests an improvement (called an amendment), users vote on it. If it’s a good idea, it becomes part of Tezos.

Smart contracts and dApps

Tezos allows developers to create smart contracts and decentralised applications (DApps). What’s a smart contract? Think of it as a digital agreement that executes automatically when certain conditions are met.

For example, you could create a smart contract for buying a house. Once the money is transferred, the contract automatically transfers ownership. No lawyers needed.

dApps, on the other hand, are apps that run on the blockchain, instead of the internet. They can’t be shut down by anyone (there’s no central authority). Want to build a decentralised voting app or a digital art marketplace? Tezos is one place you can do it.

Proof-of-Stake (PoS) and delegation

Tezos uses Proof-of-Stake (PoS). Participants (called nodes) contribute their computing power to keep Tezos running smoothly. Unlike traditional PoS, anyone can join. And they get rewarded for helping out. To participate, users need a deposit, similar to collateral.

Cool things on Tezos

The top dApps on Tezos are interesting to read. Here are some interesting projects.

(Please note, CoinJar does not endorse the content of, and cannot guarantee or verify the safety of any third party websites. Visit these websites at your own risk.)

Objkt.com

Objkt.com is the largest digital art and collectible marketplace on Tezos. It allows users to buy, sell, and showcase NFTs (non-fungible tokens) created on the Tezos blockchain. You can explore and discover various digital artworks and collectibles on their platform.

Coin Blast

Coin Blast operates on the Tezos blockchain. There’s a variety of games, including Trivia Cash.

In Trivia Cash, players answer trivia questions to compete against each other. But there are real prizes at stake. Coin Blast has been gaining traction. It recently surpassed 12,000 monthly active users.

V.Hive

V.Hive is a digital fan universe. This futuristic Neo-Paris universe allows fans from all over the world to unite, collaborate, and support Team Vitality’s ambitious goals.

There are hundreds of quests within V.Hive. By completing them, users climb the ranks and unlock exclusive experiences.

Cricket Stars

This is an NFT-based cricket strategy game built on the Tezos blockchain. Cricket Stars combines sports strategy with cricket gameplay.

Players collect cricket skills as NFT playing cards. These cards can be upgraded and traded to evolve strategies. The game features a real-time player-vs-player esports mode.

Vending NFTs

Vending NFTs introduces the concept of a digital vending machine for random art distribution. Imagine a virtual machine that dispenses unique digital artworks in the form of NFTs.

On the Vending NFTs platform, there are currently 56 NFTs available. Users can purchase these NFTs using Tezos (XTZ) cryptocurrency.

Additionally, there’s a wildcard option for those who enjoy surprises.

Vending NFTs aims to create a unique and interactive experience for art enthusiasts and collectors. By combining randomness, scarcity, and blockchain technology, it adds an exciting twist to NFT acquisition.

Why Investors buy Tezos: Conclusion

Tezos is open-source, adaptable, and community-driven. So, whether you’re a developer, investor, or just curious, keep an eye on Tezos.

How to Buy Tezos on CoinJar

Investing in Tezos (XTZ) is convenient on CoinJar.

  1. Download the CoinJar App

Begin by downloading the CoinJar app on your iOS or Android device.

You can find it on the respective app stores.

  1. Create an account

Once you have the app installed, create an account with CoinJar. The process is user-friendly. You’ll need to verify your identity, which usually takes just a couple of minutes. UK residents must complete an assessment and wait for 24 hours (see more details below).

  1. Purchase Tezos

Now that you have an account, you’re ready to make your purchase.

Follow these steps:

Choose Your Funding Method: CoinJar allows you to buy Tezos using various methods, including:

Cash: If you prefer to use cash, you can deposit funds into your CoinJar account.

Credit and debit card: CoinJar supports credit and debit card purchases.

Crypto-to-Crypto: You can also convert other cryptocurrencies to Tezos.

Select Tezos (XTZ): Within the app, locate Tezos (XTZ) among the available cryptocurrencies.

Place Your Order: Depending on your chosen funding method, you can either place a market order (buy at the current market price) or set a specific price for your purchase.

Protect Your XTZ: After completing the purchase, consider these storage options for your Tezos (XTZ).

CoinJar Wallet: CoinJar provides its own wallet service. It is convenient, however being an online wallet there is a risk that it may be a victim of a cyberattack. Online wallets are also called “hot wallets”.

External Wallets: If you want to hold on to your Bitcoin for a while, you can transfer your Bitcoin to an external wallet.

Hardware wallets are also known as “cold wallets” (like Ledger or Trezor) and these are effective for long-term storage as they are offline and seriously difficult to hack.

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Cash, credit or crypto?

Buy Tezos using Visa or Mastercard. Get cash in your account with Faster Payments Service (FPS). Convert crypto-to-crypto with a single click.

How to buy Tezos with CoinJar

Start your cryptocurrency portfolio with CoinJar by following these steps.
Step oneDownload the appGet the CoinJar app on iOS or Android.
Step twoCreate an accountCreate an account with CoinJar and verify your ID.
Step threeMake a purchaseBuy more than 60 cryptos using Faster Payments, SEPA, bank transfer, or a debit card.
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Frequently asked questions

Why buy Tezos with CoinJar?

CoinJar is one of the longest-running crypto exchanges and has been designed from the ground up with security and convenience in mind.

From the quick and intuitive sign-up process, to our lightning fast bank deposits and withdrawals, low fees and user-friendly iOS and Android app, CoinJar is the ideal crypto exchange whether you’re buying XTZ for the first time or an experienced investor.

Where can I store my Tezos?

You can store your Tezos in a hardware wallet or on a trusted exchange. Hardware wallets (such as the Ledger) offer high level security, allowing you to store your XTZ offline in a unit that only you have the password for.

However, exchanges such as CoinJar also provide excellent security, keeping more than 90% of our crypto in cold storage or private, multi-sig wallets and offering our users next-gen 2FA account protection as default.

How to buy Tezos in the UK?

The best way to buy XTZ in the UK is through a trusted exchange like CoinJar. We offer accurate prices, low fees and an easy-to-use, ultra-secure app.

Who created Tezos?

Husband-and-wife team Arthur and Kathleen Breitman first proposed the idea of Tezos in a whitepaper they published in 2014. After raising US$232 million in a 2017 ICO, the first Tezos block was created in June 2018.

What is the safest way to buy XTZ?

The safest way to Buy Tezos is through a trusted exchange with a proven track record. CoinJar is one of the world’s longest-running crypto exchange and has been operating since 2013 with no unplanned downtime, security breaches or loss of customer funds.

We are registered with AUSTRAC and the FCA UK (for AML purposes) and work with some of the world’s largest payment providers, including Mastercard, Visa, Apple Pay and Google Pay.

Can I buy Tezos with a Credit Card or Debit Card?

With CoinJar Instant Buy you can buy Tezos with any UK-issued card. We also offer support for Google Pay.

How is the price of Tezos determined?

The price of XTZ in GBP is determined by the international Tezos market – basically, the price to be found on cryptocurrency exchanges in the UK and all around the world.

These prices tend to be the same (or very close) because any differences are smoothed out by arbitrage traders that buy at one exchange and sell at another.

What is Tezos?

Tezos (XTZ) is an open-source platform designed for assets and applications that can evolve through self-upgrades. It offers features like on-chain governance, smart contracts, and a protected network.

How can I buy Tezos (XTZ)?

To buy Tezos, follow these steps:

Choose a reliable crypto exchange that supports Tezos. ConJar is one of them.

Create an account and verify your identity.

Complete your assessment and 24 hour cooling off period.

Deposit fiat currency or other cryptocurrencies.

Purchase XTZ using your deposited funds.

Is it prudent to buy Tezos?

Yes, Tezos is considered prudent, due to its proof of stake (PoS) consensus mechanism and self-amendment feature. Always use reputable exchanges with competitive fees and consider using a credit or debit card for convenience. You can buy XTZ on CoinJar.

How do I store my Tezos?

You don’t need a specific Tezos wallet, most wallets will be compatible with XTZ.

You can keep Tezos in your CoinJar account. Or you can get a wallet to store your XTZ. Choose a user-friendly wallet that allows you to store(in a protected manner) and manage your digital currency. Hardware wallets or software wallets are recommended for long-term storage.

Can I trade Tezos?

Absolutely! You can trade Tezos on various exchanges. Start trading by creating an account, depositing funds, and then you can buy and sell Tezos as needed.*

What are smart contracts on the Tezos Network?

Tezos supports smart contracts, which are self-executing agreements with predefined rules. These contracts run on the Tezos blockchain and enable decentralized applications (dApps).

The above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies. The article is provi

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