What is Tezos (XTZ))?
Tezos (XTZ) is a blockchain network linked to a digital token, which is called a tez or a tezzie (XTZ). Unlike Bitcoin, Tezos does not rely on mining but instead uses a proof-of-stake based consensus model. Founded in 2014 by Arthur and Kathleen Breitman, Tezos aims to offer a more advanced infrastructure—meaning it can evolve and improve over time without the danger of a hard fork. This is because Tezos stakeholders can vote on amendments to the protocol, including upgrades to the system itself, which then happen automatically if the proposals are accepted. The network's proof-of-stake variant is called Liquid Proof-of-Stake (LPoS), and it includes a process called "baking," where stakeholders lock their funds in special smart contracts and gain the ability to vote on network upgrades, along with earning rewards for creating and verifying blocks.
The price of Tezos, like that of many cryptocurrencies, is influenced by a combination of internal dynamics and broader market trends. Tezos's price has experienced what's known as a boom-and-bust cycle, where growing enthusiasm leads to rapid price increases, followed by crashes as doubt sets in. Price changes can be attributed to factors like project news, developments, the flow of assets on exchanges, public sentiment, and trends in the wider crypto and global economies. Notably, Tezos does not have a maximum supply cap and has an annual inflation rate, which is used to incentivize network participants. This inflation can exert downward pressure on the price if demand does not keep pace with the increasing supply. However, the high participation rate in Tezos's staking system, known as "baking," reduces the effective circulating supply as many tokens are locked in staking contracts. Additionally, the demand for XTZ is driven by its utility for paying gas fees in the network's operation of dApps and smart contracts, as well as for Security Token Offerings (STOs) on the network, which can apply upward pressure on the price
The cheapest way to Buy Tezos (XTZ)) on Bitget
On Bitget you can buy Tezos (XTZ)) easily and fast. Bitget offers::
- Low fees; transparent fees with no hidden fees.
- Multiple payment methods, such as Credit/Debit Card, Sepa transfer, p2p and more!
- 500+ assets; buy Tezos (XTZ)) along with hundreds of other crypto assets
- 24/7 dedicated customer support
- Safe and Secure; Bitget prioritizes the safety of your crypto assets, transactions and personal information
Simple 3-step guide to buying XTZ today in Réunion
Create your free Bitget account
Select a funding method
Complete your Tezo purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Tezo using a payment method of your choice:
Buy Tezo with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Tezo order.
How to buy crypto with credit/debit cardBuy Tezo with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Tezo is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Tezo order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Tezo order.Buy Tezo with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Tezo order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Tezo in your Bitget spot wallet
Bitget—where the world trades Tezo
How to buy Tezo for free
- Learn how to earn Tezo for free through the Learn2Earn promotion
- Earn free Tezo by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Tezo airdrops by joining On-going challenges and promotions
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FAQ
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Réunion Island, also known as Department of Réunion or Département d’Outre-Mer de la Réunion in French, is a department of France in the Indian Ocean. Lying 684 km to the east of Madagascar, Réunion is only 65 km long and 50 km wide, with a total area of about 2,512 km2. The small land of torrential rivers cutting through rugged mountains is the home to about 874,400 people. Some major cities on the island are the capital of Saint-Denis, Le Port, La Possession, and Saint-Paul. Being a department of France, Réunion Island has Euro (EUR) as the monetary unit and French as the official language.
The island is a great spot for tourism and exploration. You can walk along nearly 1,000 km in hiking trails to discover various cirques, plains and the Piton de la Fournaise volcano, which are all classified as French national natural parks, or take in the breath-taking panoramic view on a helicopter.
Wherever you are on the Réunion Island, you can easily and securely trade Tezo(XTZ) and other tokens on the Bitget platform with Euro (EUR). We offer a wide range of services including Crypto Deposit, P2P Trading, and Third-Party Payments using Apple Pay, Google Pay, and credit cards. More than 13 languages, French included, are supported 24/7 on the Bitget platform, so you can rest assured that all your crypto needs can be satisfied by Bitget.