Tezos (XTZ) is one of the many tokens supported by LetsExchange, where we offer seamless access to over 5,000 coins and tokens for direct exchange. Whether you're looking to swap XTZ or diversify your portfolio, our platform ensures a smooth, efficient experience with almost no upper limits on swaps. With LetsExchange, you can trust that your XTZ purchase is secure, with favorable rates and transparent fees.
What is XTZ?
XTZ is the native cryptocurrency of the Tezos blockchain, used primarily for securing the network through a Liquid Proof-of-Stake (LPoS) mechanism. XTZ allows holders to participate in governance by voting on protocol upgrades, enabling the blockchain to evolve without hard forks.
How to buy XTZ on LetsExchange: a step-by-step guide
On LetsExchange, you can seamlessly swap any of the 5,000+ supported crypto assets for Tezos (XTZ) quickly and effortlessly. To complete the swap, simply follow these steps.
In the You Send field within the exchange widget, select the coin you wish to exchange for XTZ. For this example, we’ll swap Bitcoin (BTC), but you can choose any of the thousands of supported assets.
Enter the amount of coins you want to exchange. In our example, we’ll be swapping 0.1 BTC.
Choose the exchange rate type: fixed or market.
If you pick a fixed rate, you will receive the amount specified on the You Get screen. With a fixed rate, you can use a promo code. If you don’t have a promo code but want one, follow us on our social networks. The platform organizes many activities there; you can earn monetary rewards and get promo codes by participating.
If you pick a market rate, the sum you receive may differ from the sum initially displayed in the widget. LetsExchange will select the best rate among multiple liquidity providers, and the swap will be completed at that rate.
We pick a fixed rate because, with it, you can receive cashback by entering a promo code.
In the You Get window, pick XTZ.
Now, the picked coin will be displayed in the You Get field. The sum that you will get will be calculated automatically.
If you have a promo code, type it in. You will get cashback. If you don’t have a promo code but want to get one, follow us on social media for updates - from time to time, we organize some events for our users to reward them with promo codes and other valuable rewards.
Click on the Swap option.
Now, the widget will display a window where you will be asked to enter your receiving wallet address. The swapped coins will be sent there.
You can also fill out the refund address. If the swap doesn’t go as expected, your coins will be refunded there.
Finally, you can provide a valid email to receive updates about the progress of the swap.
Recheck the data and hit the Apply button.
You’ll be provided with a deposit wallet address. Simply send your coins to this address, and once the deposit is confirmed, your coins will be swiftly swapped. Your XTZ will then be sent to the receiving wallet address you provided during the process. After completing the swap, you can download a receipt with all the swap details.
Additionally, you can easily track the status of your swap at any stage by entering its swap number on our Swap Status page. This ensures full transparency and peace of mind throughout the process.
Conclusion
XTZ is the native cryptocurrency of the Tezos blockchain, used for staking, governance, and swap fees. It plays a vital role in the network's Liquid Proof-of-Stake (LPoS) system, where holders can participate in consensus by "baking" or delegating their tokens to bakers, who validate swaps and secure the network. You can buy XTZ on LetsExchange with a couple of clicks.