Trusted by Tezos buyers, you can buy and trade Tezos in Lithuania and 100+ countries on Blocktrade without any fees easily.
Your entry to the world of crypto
Learn More about buying XTZ in Lithuania
How to buy Tezos in Lithuania
Is XTZ a good investment in Lithuania?
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.
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.
Is Tezos legal to buy in Lithuania
Yes. According to the AML/CTF Law, the Lithuanian government allows legal financial transactions with cryptocurrency and offers transparent authorizations for the use of virtual currencies. According to the Bank of Lithuania (LB), cryptocurrency also known as virtual currency is non-regulated digital money that can be used as means of payment, and this money is issued and guaranteed by a non-central bank. It is estimated that over 70 thousand people, 2.58% of Lithuania's total population, currently own cryptocurrency.
Is Tezos taxed in Lithuania
Yes. According to Art. 2 (14) of Lithuania Law on Personal Income Tax (PITL), the Lithuania State Tax Inspectorate (VMI) states that virtual currency is considered as property; therefore, when income from sales of a virtual currency is received, it is taxable the same as other income from sales of assets or other transfer into ownership. In this case, the difference between sales and the acquisition price is taxed, and the Personal Income Tax rate is 15% on such an income. Also, VMI indicates that according to Art. 17 (1) (27) of Personal Income Tax Law, if taxable profit received from a non-regular sale of cryptocurrency during 12 months is less than EUR 2500, Personal Income Tax is not applied on such a profit.
After you've bought Tezos in Lithuania
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.
Who can buy Tezos in Lithuania
Anyone. Buying cryptocurrency in Lithuania is much faster and more convenient with the help of exchanges. In Lithuania, different purchase means such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal, are supported. Our exchange provides safe and fast transactions with no transaction fee through all the mentioned methods.
Buy Tezos at your ease
Payment methods to buy Tezos in Lithuania
Just 3 easy steps to your first investment in Tezos
Sign up and verify
Make your first
MANAGE YOUR PORTFOLIO
Buy Other Cryptocurrencies in Lithuania
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.
When buying cryptocurrency, there are two factors that could affect the cost: 1.The price of the cryptocurrency itself, and 2.The exchange commission. Our exchange is practically one of the cheapest means to buy cryptocurrncy in Lithuania since it charges no exchange fees for the transactions.
Yes. But note that according to Lithuania Personal Income Tax Law, if the taxpayers generate income from the sale of cryptocurrencies, the difference between sales and the acquisition price is taxed and they are obliged to file a personal income tax return. If you are selling your crypto asset in Lithuania, keep in mind that our exchange charges no fees for transactions.
There is no established minimum amount assigned for purchasing Tezos. Through our exchange, you can begin buying Tezos for a minimum of $10 using the payment method of your choice. The transaction will be processed and added to your collection of cryptocurrency assets.
According to the Finance Minister Gintarė Skaistė, the Lithuanian Ministry of Finance and the Bank of Lithuania are taking proactive steps to strengthen regulation at national level in preparation for subsequent decisions at EU level.
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.