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Learn More about buying XTZ in Slovenia
How to buy Tezos in Slovenia
Is XTZ a good investment in Slovenia?
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.
Learn more on Tezos official website.
Is Tezos legal to buy in Slovenia?
Yes. According to the virtual currency press release by the Bank of Slovenia, cryptocurrencies
are digital representations of value or token that are neither issued nor backed by a central bank
or a public authority. That being said, it is not illegal to accept crypto assets as a means of
payment in Slovenia. According to the mentioned statement, Transfer, purchase, storage and
trading of cryptocurrency, though warned to be risky, yet arises no legal problems in Slovenia.
Is Tezos taxed in Slovenia
According to the Financial Administration of the Republic of Slovenia (FURS), a natural person
resident in Slovenia is not taxed on the capital gains from the sale or use of virtual currencies,
unless the activity is considered to be a professional business. This is because, according to the
Slovenia’s Personal Income Tax Act, capital gains are generally not taxable if they result from
movable property or the disposal of derivative financial assets. Since cryptocurrencies are not
fixed financial assets or shares, they are not included in the individual’s taxable capital gain. But
according to the statement by the Financial Administration, individuals who engage in trading
and extracting virtual currencies as business activity are subject to income tax. More information
on the taxation of activities is published in the brochure on income from activities (in Slovenian).
After you've bought Tezos in Slovenia
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 Slovenia?
Anyone. Many crypto-trading platforms have launched following the cryptocurrency boom of the
last decade. This availability of numerous options can make it confusing for new investors to
select the places to buy cryptocurrency in Slovenia. With the help of crypto exchanges, you can
easily start your crypto transactions by creating an account. What distinguishes an exchange
from others, is the transaction services it offers, exchange fee and the payment methods it
provides for an easy and convenient crypto purchase. In Slovenia, payment methods such as
Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal are accessible. Our
exchange supports all of these payment services and offers you fast, safe and free of charge
cryptocurrency transactions in Slovenia.
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Payment methods to buy Tezos in Slovenia
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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.
According to the Financial Administration of the Republic of Slovenia (FURS), if profits from
regular and business-like cryptocurrency activities are treated as capital gains under the
corporate law, capital gains are considered regular income, and the total amount of profits
earned is taxed at 19%.
Yes. According to the Bank of Slovenia, cryptocurrency is not recognized as legal tender.
Therefore, it is not widely accepted as a form of money. But according to the same statement, if
the service provider or goods seller is willing to accept crypto-payment, then there should be no
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.
It is estimated that over 50 thousand people, 2.45% of Slovenia’s total population, currently own
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.