Frequently asked questions
Tezos is an open-source blockchain network which is widely viewed as an alternative to Ethereum. Tezos was designed by Arthur Breitman, a former Goldman Sachs analyst. Along with his wife, Kathleen, Breitman founded Dynamic Ledger Solutions in 2015 to support the project’s development.
The Tezos blockchain is most often used as a platform for NFTs (non-fungible tokens). The design of the blockchain emphasises security and adaptability, and it offers smart-contracts with the accuracy necessary to secure high-value uses.
On the ticker, you’ll find Tezos listed as XTZ. You might see it also listed using the symbol ꜩ (although few internet users know how to type that off the top of their heads).
Tezos' price is a market price, defined by the buyers and sellers on exchanges. Like most cryptocurrencies, it is highly volatile and unpredictable. But there are other unique factors that may work to push the price of the tokens up. For example, Tezos’s partnership with high-profile Formula 1 teams, like Red Bull Racing Honda and McLaren, might push up demand for the currency. This is because collectibles are set to be developed, which would only be purchasable through the Tezos token. Endorsements from celebrities like Quincy Jones might also help to bolster the coin’s visibility in the mainstream media.
The easiest and safest way to invest in Tezos is by using one of several major exchanges. You can use Cryptoradar to assess your options, and to look at reviews from other users. Each exchange has its own advantages and disadvantages, and if you’re serious about investing, it’s worth keeping an open mind.
A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.
Is now a good time to buy Tezos? Frankly, we don’t know.
But there are several strategies when it comes to crypto investing. One approach is to buy in when price slips. In the crypto community this strategy is known as "buying the dip" (BTD).
Another strategy is dollar-cost averaging: investing a certain amount of money on a set schedule, say $100 every Monday morning. Dollar-cost averaging seeks to average out the lows and highs over time.
No matter which strategy you choose, Cryptoradar’s price alerts help you to not miss a dip, and adhere to your investment schedule.
There are risks associated with any investment. Crypto markets are particularly volatile, with large upswings and downswings. Only invest as much as you can afford to lose.
When it comes to choosing a crypto exchange, there are also a couple of thinks to be wary of.
Before you can start trading, a crypto exchange will ask you to verify your identity. This is necessary because of anti-money-laundering laws. The verification process and time can differ significantly and take anywhere from minutes to weeks.
All crypto exchanges charge a fee or a spread to finance their operations. Fees can differ significantly among exchanges, so make sure to get a good deal.
Additionally, make sure that your preferred crypto exchange supports the payment methods of your choice, but be aware of any additional payment fees that may apply.
Last but not least, if you’re new to crypto, make sure that your chosen platform is easy to use and has good customer support. This helps you avoid making costly mistakes.
Getting started with crypto can be hard. Our detailed price comparisons and cryptocurrency guides have you covered.