Buy, Sell, & Trade XTZ
Exchange XTZ with USD and Cryptocurrency
While Ethereum showed the way forward from the earliest applications of blockchain technology with its smart contracts and DeFi apps, it also had its own limitations. As such, its innovations gave way to a boom of other blockchains that supported app development and deeper, more robust financial services just like Ethereum.
However, this new wave of currencies brought their own priorities and technologies, such as Tezos (XTZ) and its unique Proof of Stake mechanism. Tezos is an advanced blockchain that aims to solve the main technical issues standing in the way of mass cryptocurrency adoption.
XTZ is the token of the Tezos blockchain, which is part of the generation of so-called Ethereum killers. While Tezos incorporates key innovations such as smart contracts and app-friendly architecture, it also brings its own innovations to the field. It was one of the first currencies to successfully utilize Proof of Stake. This allows the blockchain to function in a much more environmentally friendly manner than early cryptocurrencies. Furthermore, the blockchain has a unique, modular architecture that makes it deeply scalable. With Ethereum’s blockchain pushed to the limit by the weight of its own success, this scalable design is a tremendous long-term advantage.
Tezos has shown to be a favorable investment, with general upward trends and impressive new highs stemming from the 2021 bull market. During this period, the coin hit highs of more than $7 and reached a market cap of $2.5 billion.
Who created XTZ?
Arthur and Kathleen Breitman, a husband and wife team conceptualized the blockchain in 2014 and later established the Tezos foundation in Switzerland to raise money. Tezos was initially phenomenally successful, with an ICO that raised $223 million in Bitcoin and Ethereum. Unfortunately, Tezos experienced many difficulties from that point once another founder at the head of the foundation, Johann Gevers came into conflict with the Breitmans. After the Breitmans won their legal case, Tezos was well-positioned to profit from the 2021 bull market and remains a reliable member of the top 50 cryptocurrencies.
How do I exchange and trade Tezos?
If you are interested in earning Tezos, the fact that this cryptocurrency does not use Proof of Work, mining eliminates one option. You can earn XTZ by staking cryptocurrency to support the Tezos blockchain. The main method to gain Tezos is by buying it at an exchange that supports Tezos and staking it. Likewise, if you have Tezos but want to sell it, you will need to use an exchange that carries the coin.
After making an account, you will need to make an initial deposit of your currency into it. After that, you will be able to exchange and trade Tezos for USD as well as other cryptocurrencies. The biggest decision to make is choosing which exchange you want to use to trade Tezos. Our recommendation is Rubix, which offers a combination of modern trading technology and good liquidity.
Exchange XTZ using Rubix
Rubix offers an excellent trading experience thanks to its streamlined, easy to use interface and great underlying tech. To get started, all that you need to do is open an account and connect a payment method to it. From this point on, you will be able to deposit your fiat or cryptocurrency, including XTZ. Setting up the trades that you are interested in is simple, and then the website will project the most up-to-date exchange rate between your currencies of choice. Furthermore, using Rubix means that you can count on excellent security measures and trade confidently.