How to buy Tezos (XTZ) in Australia

Learn how to buy Tezos (XTZ) on 20+ crypto exchanges in our step-by-step guide.

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Tezos (XTZ) is the 97th largest cryptocurrency by market cap, valued at US$1,291,111,140.

Tezos is a highly volatile asset capable of major price swings in a single day. Today XTZ is trading for $1.27 USD, which is lower than yesterday's trading price of $1.27 USD. Over the past year, Tezos's price has seen an increase of 35%.

So before you buy Tezos, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Tezos.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to buy Tezos in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Tezos is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Tezos
    You can now exchange your funds for Tezos. On beginner-friendly exchanges, this is as simple as entering the AUD or XTZ amount you want to purchase and clicking "buy".
  5. Secure your Tezos
    Consider transferring your XTZ to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Tezos in Australia

Find an exchange to buy, sell and trade XTZ by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 19
Product GXFCY Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Go to site
CoinSpot
Exclusive
CoinSpot logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

1

500

Get $20 in BTC when you make a deposit. T&Cs apply.
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Capital at risk

View details
eToro Crypto
Best Rated BrandExclusive
eToro logo
Bank transfer, Credit card, Debit card, PayPal, eToro Money

27

107

Get a US$50 bonus when you buy at least US$500 in crypto. T&Cs apply.
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Capital at risk

View details
OKX
OKX logo
Bank transfer, Credit card, Cryptocurrency, Debit card

1

302

Get $20 in BTC when you trade $20 in the first 14 days after opening an account. T&Cs apply.
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Capital at risk

View details
Kraken
Finder Award
Kraken logo
Credit card, Cryptocurrency, Debit card, PayPal, PayID

7

295

Go to site

Capital at risk

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Swyftx
Finder AwardExclusive
Swyftx logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

3

432

Get $20 in BTC when you verify your account. T&Cs apply.
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Capital at risk

View details
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How we keep this Tezos guide up-to-date

  • XTZ price data is regularly updated through data feeds so you always have the latest information.

What is Tezos?

Tezos is not only a platform for smart contracts and decentralised applications (dapps), it's also the world's first self-evolving blockchain. In the short history of cryptocurrencies, there have been numerous examples of currencies being forced to fork their network into two different blockchains in order to upgrade. Perhaps the most notable example of this was the DAO hack that saw Ethereum and Ethereum Classic go their separate ways. Forks often divide the community behind a cryptocurrency and can cause significant network disruptions. Tezos' unique solution is a process that enables its protocol to be continuously upgraded through on-chain governance. The aim behind this is for the network to constantly evolve and upgrade over time, rather than undergoing radical changes that require a hard fork. All stakeholders can participate in governing the Tezos protocol by voting on proposed changes and upgrades.

How do I find the best places to buy Tezos?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Tezos?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Tezos.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing XTZ with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Tezos?

Once you've created an account, you will need to deposit funds to buy XTZ with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy XTZ:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase XTZ by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for XTZ on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Tezos?

The easiest way to buy XTZ is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying XTZ, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Tezos has been performing recently.

Best Tezos wallets to store your XTZ

You can keep your XTZ on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your XTZ below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

1,000+

Price (USD)

$149

Price (USD)

$77.20

Recent Tezos developments

December 2021: Ubisoft, a global game developer, announced plans to develop Ubisoft Quartz on the Tezos blockchain. Ubisoft Quartz will use the Tezos blockchain to power in-game NFTs referred to as 'Digits'. The development for Ubisoft's first playable, energy-efficient NFTs was announced via Youtube.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Tezos a good investment?

Cryptocurrencies are complicated and volatile assets, and buying any digital coin or token comes with a high level of risk attached. With this in mind, it's essential that you research and understand the many factors that can potentially impact the price movements of any cryptocurrency before you buy. If you're thinking of buying any XTZ, make sure you consider the following:
  • Controversy. We've given you an abridged version of the scandals that have plagued Tezos above. Before buying any XTZ, make sure you thoroughly research the ins and outs of the lawsuits and apparent internal power struggles that have troubled Tezos and made headlines throughout the crypto world.
  • Use. Tezzies are the Tezos network's store of value. They're used to pay transaction fees and power smart contracts, and are also offered as baking rewards.
  • Whitepaper. If you want to take a detailed look at the technology behind Tezos and how the platform works, check out the project's whitepaper. The Tezos position paper is also a useful document for understanding the motivation behind the creation of the platform.

Today's Tezos price versus ATH

Compare today's price of Tezos ($1.27 USD) against its all-time-high price of $9.12 USD on 04 October 2021. The closer the bar is to 100%, the closer XTZ is to reaching its ATH again.

Tezos's price: $1.27 USD
ATH date: October 04, 2021
13.93%

Tezos ATH: $9.12 USD


How to trade, convert or sell Tezos

You can convert or sell your XTZ with the same exchange you bought it through:
  1. Sign in to the exchange you have XTZ on.
  2. If you store your Tezos in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of XTZ you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Tezos.
  6. Complete your transaction and move your XTZ to a crypto wallet for storage.

How to buy other cryptos

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EthereumEthereum symbol
TetherTether symbol
XRPXRP symbol
BNBBNB symbol
SolanaSolana symbol
DogecoinDogecoin symbol
CardanoCardano symbol
Lido Staked EtherLido Staked Ether symbol
TRONTRON symbol

Disclaimer: Cryptocurrencies, including Tezos, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XTZ is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Tezos or any other cryptocurrency discussed.

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