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How to buy Tezos with Bank Transfer
Why investors buy Tezos with Bank Transfer
SEPA or Single Euro Payments Area is a bank transfer payment system created by the European Union. It is a system that allows cross-border payments in Euros within the Euro-zone. European Union and neighboring country residents frequently use SEPA to send and receive payments using the funds in their bank accounts. A trustworthy framework for quick and affordable money transfers is provided by this network. A business must adhere to stringent guidelines and meet the highest security standards in order to offer SEPA wire transfers. Using SEPA bank transfers, you can buy cryptocurrency at our exchange and deposit and withdraw EUR easily. Offering payment options via bank transfer or SEPA would have the following main benefits:
- Instant payments are one option provided by the SEPA payment system. Weekends and holidays are not excluded from the SEPA Instant transfer schedule.
- High security because every transfer has to be cleared by several banks on its way to the exchange.
- No deposit fees, high buying limits
Is XTZ a good investment?
Tezos has introduced itself as the first self-correcting platform among digital currencies. The Tezos smart contract platform is similar to Ethereum and allows the creation of decentralized applications, except that it uses a proof-of-stake consensus algorithm. In July 2017, Tezos was able to attract about 232 million dollars in initial coin offering (ICO), which made Tezos the second digital currency in the world of cryptocurrencies. The fame and popularity of Tezos digital currency made large companies such as PolyChain Capital show interest in investing in the native token of Tezos (XTZ). Finally, on June 30, 2018, the first test net of Tezos was released.
Participants or shareholders in the Tezos blockchain, can vote on the changes they want to achieve through a collective consensus on the proposed plans. Smart contracts can always be created using the Tezos platform. Through smart contracts, there will be no manipulations by a third party. In addition, Tezos is a platform to improve the safety of secure contracts, which means if this technology is widely used in the future, any costly and controversial bugs can be totally avoided.
Who can buy Tezos with Bank Transfer
Citizens living in a Eurozone location are able to open a bank account and use SEPA. If you are based in a non-Eurozone country, you can easily check which banks offer SEPA if you want to make this type of transfer. You can purchase any kind of cryptocurrency directly into your personal wallet without making any initial deposits by using our exchange to perform a straightforward SEPA transfer with your bank account.
What is Tezos ?
Tezos coin is the native token of Tezos blockchain. Tezos digital currency is known in the digital currency market with its own symbol XTZ. The symbol XTZ is generally used on exchanges in order to address Tezos currency.
What is XTZ
Tezos launched its initial coin offering (ICO) in July 2017 which raised a record-breaking $232 million, and started trading at around $2. After spending the next few months mostly between $1 and $3, XTZ finally found enough steam toward the end of 2017 to soar over 300 percent. In 2019, XTZ surged once more in November before reaching $1.33 at year's end, which was a gain of about 185 percent from the year's beginning. The price of XTZ continued to increase in 2020. By mid-February, it had almost tripled. Later, XTZ had risen to over $4 by the middle of August. Due to generally favorable market conditions, gains resumed in 2021 and by the beginning of April, Tezos had increased by more than 170 percent to be worth approximately $5. Even though the current cryptocurrency market is going through some fluctuations, it should be noted that the value of Tezos might further increase by a variety of variables, including project news and developments, asset flow on exchanges, public opinion, and new trends in the cryptocurrency and global economies. According to some cryptocurrency experts, the price of XTZ is anticipated to trade above $8 in 2030. Nevertheless, remember that this is not a buying signal. We advise investing in the cryptocurrency market after conducting research and seeking professional advice.
How to buy XTZ with Bank Transfer instantly?
SEPA is a way to make European cross-border payments simpler, cheaper, and faster. It is one of the most cost-effective and convenient ways to transfer money within the EEA. As the ease of use and clear navigation that come with using SEPA/bank transfer as the initial payment method may appeal to users, buying cryptocurrency with SEPA is likely the best option to purchase crypto assets in Europe instantly.
Where can I buy XTZ online with a Bank Transfer?
If you prefer simple and secure crypto trading, SEPA/bank transfer would be your ideal method. Our exchange offers SEPA/bank transfer as a payment solution to give its users more options to buy cryptocurrencies easily. You must first log into your account on Blocktrade.com in order to use SEPA/bank transfer payment on our exchange. Then, after entering the number of cryptocurrencies you need to buy and choosing to charge up your account balance using SEPA/bank transfer, finish your cryptocurrency purchase.
Is XTZ Reliable?
Tezos supports Proof-of-Stake algorithms to maintain network security and save costs. This allows users more flexibility in transferring their currencies. In addition, Tezos uses a decentralized blockchain network with a governance mechanism that has no central database. In this case, even if a hacker enters the network, no changes will be made without the approval of the blockchain community. Another thing that secures the network is its support of the reward and punishment system. This means that if Tezos users try to cheat or hack the protocol, they will lose their assets. This is an incentive for depositors to work for integrity in the network.
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FAQ
Frequently asked questions
Tezos has the characteristic of self-amendment. This is important because it can prevent society from becoming fragmented, stakeholder motivations changing, and network disruption over time. Due to the self-amendment feature of Tezos, the costs of updating its protocol and implementing innovations in the future are reduced. This can increase the further growth and development of this digital currency in the future and at the same time, it has attracted the attention of many people currently.
Some of the greatest advantages of this payment method include: Simplified payments handling, Reduced processing costs, Reduced bank charges, Quick payments, and Easier cross-border transfers.
Tezos is the brainchild of Arthur Breitman, a computer specialist, who in August 2014 under the pseudonym L.M. Goodman published the Tezos white paper. Subsequently, in the same year, Brittman founded a company called Dynamic Ledger Solutions in the state of Delaware and acquired the position of its CEO.
There are no fees associated with this method initially. But note that SEPA trades crypto by Euro fiat currency, so if you insist on trading with other currencies using this method might require extra fees. Also, there are zero exchange fees for your crypto-trading through our exchange.
In order to keep your Tezos investment secure, you can either use cold storage wallets, which are typically encrypted devices that store Tezos users' assets offline and add an extra layer of security against the constantly changing risks associated with being online. Or, you could keep your XTZ cryptocurrency tokens in online wallets. Additionally, you can use the wallet provided by our exchange, which makes trading Tezos much simpler because it can quickly connect to a number of protocols.
SEPA compatible areas consist of EEA (European Economic Area) countries, the United Kingdom, Switzerland, Andorra, Gibraltar, San Marino, and Vatican City.
