Buy Tezos UK – How To Buy Tezos In The UK In Under 5 Minutes!
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Based in the UK and wondering how to invest in Tezos (XTZ)?
If so, this guide is for you. Within it, not only do we show you how to buy Tezos in the UK – but which cryptocurrency brokers to consider using. We also explain what risks and potential rewards you need to factor in before you proceed with your XTZ investment.
Table of Contents
#1 Broker to Buy Tezos – eToro
How To Buy Tezos UK – Choose a Broker
Below you will find a list of the best brokers that allow you to buy Tezos in the UK.
- eToro – Overall Best Broker to Buy Tezos UK
- Coinbase – Best Broker to Buy Tezos for Beginners
- OKEx – Best Low-Cost Broker to Buy Tezos UK via a Crypto Deposit
- Binance – Best Broker to Buy Tezos for Asset Diversity
Scroll down to read our full review of each Tezos broker!
How to Buy Tezos in the UK – A Quick Guide For 2022
Wondering how to buy Tezos in the UK in less than five minutes? If so, follow the step-by-step walkthrough outlined below!
- Step 1: Open an Account with eToro – The best broker allowing you to buy Tezos in the UK is eToro. This FCA-regulated broker offers low fees and account minimums, alongside a super user-friendly interface. Simply visit the eToro website and open an account to get the ball rolling.
- Step 2: Upload Your ID – If you are looking to deposit more than $2,250 (about £1,600) right now – you’ll need to upload a copy of your passport or driver’s license. If not, you can do this at a later date.
- Step 3: Deposit Funds – The minimum deposit at eToro is $200 (about £145). You can choose from a debit/credit card, e-wallet, or bank account transfer.
- Step 4: Buy Tezos – Now that you’ve added funds to your eToro brokerage account – you can search for ‘Tezos’. When the order box appears on-screen, enter your Tezos stake in the amount box. Finally, click on the ‘Open Trade’ button to complete your Tezos investment.
You’ve just completed the Tezos investment process. Click on the ‘Portfolio’ button from the left-hand side of your main dashboard to view your newly purchased XTZ tokens.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Where to Buy Tezos in the UK
In this section of our guide on how to buy Tezos in the UK, we are going to review the best brokers that are active in this space. We’ve covered a variety of platforms to suit most crypto investment requirements and skillsets – so be sure to read through each review before proceeding.
1. eToro – Overall Best Broker to Buy Tezos UK
In terms of how the Tezos investment process works, eToro will first need you to open an account. This shouldn’t take you more than a few minutes and will simply require some personal information and contact details from you. After that, you’ll be able to fund your newly created account with a debit/credit card, e-wallet (including Paypal), or bank account transfer. Then, it’s just a case of searching for Tezos and entering the number of tokens you wish to buy.
eToro supports fractional ownership, so you can buy any amount as long as you meet the minimum of $25 (about £18). The platform supports many other cryptocurrencies – which is great if you want to invest in several different tokens. This includes everything from Litecoin, Ethereum, and Bitcoin to Ripple, Uniswap, and EOS. When it comes to fees, eToro only charges the spread when you buy digital currencies like Tezos. This means that instead of paying a variable commission, you just need to cover the difference between the bid and asking Tezos price.
Other cryptocurrency trading products are also worth considering at eToro. This includes its CryptoPortfolio – which operates in a similar nature to an ETF. This is because the portfolio contains multiple cryptocurrencies at various weights. Plus, the portfolio is managed by the team at eToro – so you can invest in a passive manner. Copy Trading is also offered by the broker, which allows you to copy the trades of a successful eToro investor.
We also like the fact that eToro offers more than just cryptocurrencies. On the contrary, the platform allows you to invest in thousands of stocks from 17 UK and international markets. The latter includes companies based in the US, Hong Kong, Germany, Saudi Arabia, France, Greece, and more. You can also trade ETFs, forex, indices, and commodities. As a final note – we should add that eToro is a very user-friendly trading platform – which is perfect if this is your first time buying assets online.
Pros
- Invest in cryptocurrencies on a spread-only basis
- Buy thousands of UK and international stocks at 0% commission
- Minimum investment per trade from just $25
- Supports debit/credit cards, e-wallets, and local bank transfers
- Regulated by the FCA, CySEC, and ASIC
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
Cons
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. Coinbase – Best Broker to Buy Tezos for Beginners
If opting for the latter, you won’t be charged any fees to deposit funds. You will, however, need to pay a standard trading commission when you buy Tezos. This amounts to 1.49% at Coinbase – so you will pay £1.49 for every £100 invested. Alternatively, if you want to buy Tezos in the UK instantly, you might consider using your debit card. This will cost you more in fees, however, with Coinbase charging an all-in commission of 3.99%.
Irrespective of whether you decide to use a debit card or bank transfer to fund your Tezos investment, you will first need to open an account and go through a quick KYC (Know Your Customer) process. This will entail uploading a copy of your passport/driver’s license and taking a selfie with your webcam or mobile phone. On top of Tezos, Coinbase offers dozens of other crypto assets – which ranges from Bitcoin and Ethereum to ERC-20 tokens and Defi coins.
Pros
- One of the most popular cryptocurrency exchanges
- More than 35 million users
- Supports instant debit card purchases
- Dozens of digital currencies to choose from
- Institutional-grade security practices
Cons
- Debit card deposits are expensive at 3.99%
- You will pay a standard trading commission of 1.49%
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
3. OKEx – Best Low-Cost Broker to Buy Tezos UK via a Crypto Deposit
In terms of supported cryptocurrencies, OKEx lists hundreds of digital assets. This means that you can use your chosen cryptocurrency to fund your OKEx account – and then swap it into Tezos. This will cost you nothing in deposit fees and the trading commission itself amounts to just 0.10%. This commission is lowered by OKEx if you trade large volumes. The other option is to deposit funds with a debit/credit card or bank account transfer – but the fees are much higher.
Nevertheless, once you have bought Tezos at OKEx, you can withdraw the tokens to a private wallet instantly. Alternatively, it might be worth leaving your tokens on the OKEx platform – as the provider offers crypto savings accounts. In the case of Tezos, the exchange is currently paying an annual interest rate of 11.89% – which is huge. This will allow you to benefit if the price of XTZ rises, while at the same time, earn regular interest payments. You can withdraw your Tezos tokens from the OKEx savings account whenever you wish.
Pros
- Trusted crypto exchange with over 20 million users
- More than 400+ digital currency pairs
- Buy and sell cryptocurrencies with a debit/credit card or bank transfer
- Low commissions that start from 0.1%
- Fully-fledged mobile app on Android and iOS
- Great reputation and highly secure
Cons
- Debit/credit card fees could be more competitive
- Derivative products are too complex for beginners
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
4. Binance – Best Broker to Buy Tezos for Asset Diversity
The final option to consider when thinking about where to buy Tezos in the UK is Binance. This platform accepts fiat currency and digital asset deposits – so you can choose which one best meets your current situation. For example, if you currently have some Bitcoin or Ethereum to hand, you can deposit the tokens into your Binance account and exchange them for Tezos.
This can be achieved without providing any personal details or KYC documents – as you are not using fiat money. The trading commission payable when making the trade is just 0.10% per slide. If you want to buy Tezos in the UK with a debit or credit card – then you can do this at Binance too. The fees for this amount to 1.8% of the transaction amount. For example, if you were to buy £500 worth of Tezos, Binance would charge you £9. Bank account transfers were previously supported, but, at the time of writing, this payment method is temporarily suspended.
In terms of reputation, Binance is by far the biggest provider in the cryptocurrency exchange arena. Not only does it process billions of pounds worth of crypto trades each and every day, but the platform is home to 100 million user accounts. Binance offers several other notable features that might be of interest – including a fully-fledged trading app, mobile wallet, and a debit card issued by Visa. Much like OKEx, Binance also offers crypto savings accounts.
Pros
- Facilitates billions of pounds in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit cards and local bank transfers
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Ideal for both beginners and experienced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
How to Buy Tezos in the UK – Detailed & Explained in Full
Now that we have reviewed the best cryptocurrency brokers that list Tezos in the UK – we can now walk you through the purchase process step-by-step. We’ll show you how to open an account with FCA-regulated broker eToro, as well as the steps required to deposit funds and complete your Tezos investment.
Step 1: Open a Crypto Broker Account
The first step is to visit the eToro website and open an account. You can do this by clicking on the ‘Join Now’ button and entering your name, mobile number, and email address in the relevant boxes. You’ll also need to choose a username and a strong password.
On the next page, you will need to provide your home address and date of birth. To complete the account registration process, you’ll need to confirm your mobile number. You can do this by entering the code that eToro sends to your phone via text message.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Upload ID
Like all brokerage firms that are regulated by the FCA – eToro will need to verify your identity. This is to ensure that the broker complies with anti-money laundering (AML) regulations. You can actually skip this step if you are not planning to deposit more than $2,250. But, as you need a verified account to withdraw funds, it’s best to upload the required documents now.
The documents you need to upload are:
- Proof of identity: Valid passport or driver’s license
- Proof of address: Utility bill or bank account statement issued within the past 3 months
eToro will verify your documents in less than a few minutes.
Step 3: Deposit Funds
The next step is to make a deposit. eToro requires a minimum deposit of $200. With that said, you only need to meet a minimum trade value of $25 when buying Tezos – so you can use the balance on other financial instruments.
Supported payment methods include:
- Visa (Instant)
- MasterCard (Instant)
- Maestro (Instant)
- Paypal (Instant)
- Neteller (Instant)
- Skrill (Instant)
- Trustly (Instant)
- Bank Transfer (4-7 days)
As you can see from the above, bank transfers can take up to 7 days to arrive. All other supported payment methods are processed instantly.
Note: There is a 0.5% FX fee applied to all UK deposits. This is, however, much cheaper than other cryptocurrency brokers – with the likes of Coinbase and Binance charging 3.99% and 1.8% respectively.
Step 4: Find Tezos Market
Now that you have a funded account, you will need to find the trading page for Tezos. You can do this easily by entering ‘Tezos’ into the search bar at the top of the page.
Once you click on the result that loads, hit the ‘Trade’ button.
Step 5: Buy Tezos UK
The final part of the process is to fill in an order form. For this, you simply need to enter your stake in the amount box. As noted earlier, the minimum stake is $25 when buying crypto at eToro and you don’t need to purchase full tokens.
Once you click on the ‘Open Trade’ button, eToro will execute your Tezos investment instantly. You will find your XTZ tokens stored within your eToro portfolio.
Buy Tezos – Best Place to Buy Tezos in the UK
You also need to think about the best place to buy Tezos in the UK, not least because you have hundreds of options. This can generally be split into two main platforms – brokers and cryptocurrency exchanges.
We explain how each platform works when buying Tezos in the sections below.
Online Cryptocurrency Broker
The best place to buy Tezos in the UK is via a cryptocurrency broker. This will allow you to purchase XTZ tokens directly from the platform as opposed to having to trade with other buyers and sellers. Online cryptocurrency brokers in the UK are regulated too – so you can invest without needing to worry about the safety of your funds.
For example, eToro is regulated by the FCA, ASIC, and CySEC. By choosing a regulated broker to buy Tezos in the UK, you will be able to deposit and withdraw funds with fiat money. This means that you can pay for your purchase with a debit/credit card or bank account transfer and then withdraw your proceeds back to the same payment method. eToro goes one step further by also supporting e-wallets like Paypal.
Cryptocurrency Exchange
Cryptocurrency exchanges provide a platform for buyers and sellers to trade digital assets. Some exchanges benefit from significant levels of liquidity and you will often have access to hundreds of markets. Additionally, trading commissions at cryptocurrency exchanges are typically very competitive. For example, Binance – which is the largest cryptocurrency exchange globally, charges a maximum commission of just 0.10%.
However, exchanges are rarely regulated by a notable licensing body like the FCA. Instead, most platforms are unregulated entities that offer little in the way of investor protections. Furthermore, cryptocurrency exchanges will usually only allow you to deposit and withdraw funds with a digital token. As such, you might not be able to use your debit/credit card or bank account to buy Tezos. For these reasons – we prefer brokers.
Ways to Buy Tezos UK
You should also consider the many ways to buy Tezos. Depending on your chosen broker or exchange, you might have access to the following payment methods:
Buy Tezos With Debit Card
Most investors in the UK will choose to buy Tezos with their everyday debit card. This adds a level of convenience to the purchase, as the cryptocurrency broker in question will process the transaction instantly. As per KYC laws, the broker will first need to verify your identity. As we covered in our step-by-step walkthrough earlier, this will require a copy of your passport or driver’s license.
Some brokers will also ask you to provide an image of you holding your ID. Once your document(s) is approved, you can proceed to buy Tezos in the UK with your debit card.
Buy Tezos With Credit Card
You can also buy Tezos with a credit card in the UK – as long as your chosen broker is regulated. eToro, which is regulated by the FCA, supports deposits in the form of debit and credit cards – which means that you can invest in Tezos instantly.
Buy Tezos With Paypal
Our top-rated broker eToro also allows you to buy Tezos with Paypal. You’ll first need to register an account with eToro and then you can choose Paypal from the list of supported payment methods. Upon entering your deposit amount and clicking on Paypal – a pop-up box will appear.
You will then be asked to log in to your Paypal account and confirm the transaction. The funds will then be credited to your eToro account instantly – which you can then use to buy Tezos in the UK.
Buy Tezos With Bitcoin
You might also consider buying Tezos with Bitcoin – should you currently have BTC tokens to hand. In fact, you can buy Tezos in the UK with several different cryptocurrencies – such as Ethereum, Binance Coin, and Tether.
Irrespective of your chosen digital asset, buying Tezos with an alternative cryptocurrency means that you can bypass the KYC process (limits apply). As such, it’s just a case of transferring the respective tokens into your chosen exchange and swapping them for Tezos.
Why Buy Tezos UK?
It’s important to have a firm understanding of whether or not Tezos represents a suitable investment before you proceed. Not only do you need to look at the digital asset’s long-term potential, but the wider risks of cryptocurrencies. After all, digital currencies like Tezos are much more volatile than the likes of stocks, bonds, or commodities.
To ensure you only buy Tezos in the UK with your eyes wide open – be sure to review the sections below.
Evolving Blockchain
Founded in 2014, Tezos refers to itself as an Evolving Blockchain. The main concept here is that all holders of its XTZ token have a say in how the blockchain is run.
- For example, if token holders wish to make a change to the blockchain – a vote will be undertaken.
- If the vote is successful, then the Tezos blockchain will make the required changes.
- Additionally, Tezos has the capacity to deploy smart contracts.
Many crypto enthusiasts also like the fact that the Tezos blockchain uses the more efficient proof-of-stake consensus mechanism to validate transactions. This means that, unlike Bitcoin, Tezos doesn’t require the services of miners.
Price Action
The historical price action of Tezos has been overly volatile to say the least. For example, although Tezos was founded in 2014, the XTZ token wasn’t released until late 2017. Back then, you would have paid just $1.90 per token. Just a few months later, Tezos was trading at above the $10.50 level. This means that early investors were looking at gains of over 450%.
Although Tezos has failed to regain the all-time high price it hit in late 2017, the digital currency has enjoyed a promising 2021. For instance, at the turn of the year, Tezos was trading at $2. Then, in May 2021, Tezos hit a 52-week high of $8.40. This amounts to returns of 320% in just five months.
Buy While it’s Still Cheap
We mentioned in the section above that Tezos hit highs of $8.40 in May 2021. However, at the time of writing in late July 2021, Tezos is trading at just above the $3 area. This means that the digital token has lost almost 65% in value in just two months.
On the other hand, if you are a firm believer that Tezos is here to stay – why not consider entering the market while the digital asset is cheap? After all, why pay $8.40 when you can enter the market at just $3.
The Cost of Buying Tezos in the UK
Your chosen cryptocurrency broker will charge you fees when you buy Tezos in the UK.
The main charges to look out for are as follows:
Deposit Fees
You will need to pay a fee when you deposit funds into your cryptocurrency broker account. If using a debit/credit card, expect to pay an average transaction fee of 5%. The good news is that some brokers are much cheaper in this department.
For example, Binance charges 1.8% on debit/credit card deposits while at eToro – it’s just 0.5%. Just make sure you check the broker’s deposit charge on your preferred payment method before opening an account.
Trading Fees
You also need to factor in trading fees when you buy Tezos in the UK. This is usually charged as a commission by cryptocurrency brokers. For example, if you buy Tezos at Coinbase, the commission is 1.49%. At eToro, the broker charges a spread instead of a commission – which starts at 0.75% on cryptocurrency trades.
Selling Tezos: A Quick Overview
At some point in the future, it’s likely that you will be looking at how to sell Tezos. This is, of course, the end goal – as you will be buying Tezos tokens with the view of making a profit.
If you bought Tezos from an online broker and kept the tokens stored on the platform – you just need to place a sell order. The funds will then be reflected in your cash balance – which you can withdraw.
Alternatively, if your XTZ tokens are being stored in a private wallet, you will need to deposit them into a cryptocurrency exchange. Once the tokens arrive, you can then cash out.
How to Buy Tezos UK – Conclusion
This ultimate guide on how to buy Tezos in the UK has covered every nut and bolt you need to know to complete the purchase today. We can conclude by noting that eToro is by far the best broker in the UK that offers Tezos – not least because the platform is regulated by the FCA. eToro also offers low fees and supports debit/credit card payments – so the investment process can be completed in less than five minutes!
eToro – Best FCA Broker Buy Tezos UK
FAQ
How to buy Tezos in the UK?
Where to buy Tezos in the UK
Is Tezos a good investment?
Is Tezos safe to invest in?
How to sell Tezos?
