Buy Tezos
in Denmark

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.

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.

Yes. According to the amendment to the Danish AML Act (Directive 2018/843/EU), it is legal to
buy and sell cryptocurrencies; however, each transaction must be determined as financial
services, assets in investment, or as a form of payment. This ensures that the use of
cryptocurrency is under Danish laws to prevent cases of money laundering and untaxed
alternative investment funds.

Yes. According to The Danish Customs and Tax Administration (Skatteforvaltningen), profits
from selling or otherwise disposing of cryptocurrency attract income tax rather than capital gains
tax for Danish individuals. As mentioned by the above mentioned document, you are required to
pay income tax only if your intention with buying cryptocurrencies is to gain a profit when you
sell the coins later. The Danish Customs and Tax Administration lets you file a request for a
specific assessment to judge whether you are considered to have bought cryptocurrencies for
speculation and therefore required to pay income tax. But note that most Danish individuals are
categorized as speculators by the Danish Tax Agency and will need to pay income tax on their
gains.

The XTZ cryptocurrency can be used for holding, spending, sending, and baking (means signing and publishing blocks to the Tezos blockchain). It is essential to the up-keep and operation of the Tezos network. Users can vote on network upgrades by owning and baking XTZ, and each vote is based on the quantity of XTZ they bake.

XTZ is mainly used to interact with dApps, pay for fees, and secure the network. If the Tezos platform develops further, there will be more demand which may put XTZ in the position of a profitable event for investments as well.

Anyone. Purchasing cryptocurrencies in Denmark with the help of exchanges is an
unchallenging experience. Moreover, our exchange offers secure, fast and cost-effective
transactions through different means such as Apple pay, Google pay, Credit Card, Debit Card,
Bank Transfer and PayPal, all supported in Denmark.