Tezos price and where to buy XTZ

What is Tezos?

Tezos is a proof-of-stake blockchain that upgrades itself through on-chain votes: holders approve protocol changes, which then activate without splitting the chain. XTZ secures the network through staking, which Tezos calls baking.

How to buy Tezos, step by step

1. Pick an exchange. XTZ is listed on every exchange we track. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy XTZ. Use the XTZ/USDT or XTZ/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. In a Tezos wallet you control, you can delegate XTZ to a baker for rewards while keeping the coins in your wallet.

Where to buy Tezos at the best price

The cheapest venue right now is marked in the table above. Add its trading fee before comparing: on XTZ the venues disagree by about 0.16 percent on average, so on a small purchase the fee and the funding method usually matter more.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment, which often costs several percent.

Why the Tezos price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.16 percent, against about 0.025 percent for Bitcoin. It went above half a percent in about 19 minutes out of every thousand, and reached about 1.35 percent at its widest.

Just under half of the XTZ spot volume we track trades on a single venue. The spread figure at the top of this page is the live measurement; our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the Tezos price

The wider crypto market, and in XTZ’s case its own news too. In our hourly composite, XTZ moved with Bitcoin at a correlation of about 0.34, where 1 would mean identical moves, and its moves were about three times the size of Bitcoin’s.

XTZ’s link to Bitcoin is one of the weakest among the coins we track, so its own drivers matter: protocol upgrades, staking and leverage. The funding rates on this page show whether leveraged traders are paying to be long or short right now.

Pros and cons of Tezos

Pros

• On-chain governance upgrades without chain splits.
• Delegated staking that keeps coins in your wallet.
• Listed on every exchange we track.

Cons

• Thin trading volume on every exchange we track.
• One of the wider average price gaps between exchanges we track.
• It trades far below its all-time high of about $9.12.

Tezos’s highest price

Tezos’s all-time high is about $9.12 on volume-weighted data. The chart above shows the last 30 days of our composite, and the XTZ to USD converter applies the live price to any amount.