Tezos is an upgradeable smart-contract blockchain, and its native coin is tez, commonly traded under XTZ. Native tez is separate from FA-standard tokens issued by applications. It is used for fees and consensus-related activity, not as a claim on every NFT or financial product on Tezos.
layer 1 Tezos
Tezos
(XTZ)
Tezos is an upgradeable smart-contract blockchain, and its native coin is tez, commonly traded under XTZ. Native tez is separate from FA-standard tokens issued by applications. It is used for fees and consensus-related activity, not as a claim on every NFT or financial product on Tezos.
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What is Tezos?
Answer sources checked
20 answers source-reviewed with Codex assistance. Reviewed . This review covers the answers, not exchange listings or the rest of the page.
How does Tezos work?
Tezos uses proof-of-stake participants called bakers to propose and attest to blocks. Its on-chain governance process can adopt protocol amendments. Delegating liquid tez and staking locked tez have different mechanics and risk, so neither should be confused with proof-of-work mining.
Who created Tezos?
Tezos's official overview credits Arthur and Kathleen Breitman with creating the project in 2014, followed by crowdfunding and the network's later launch. Today bakers, development teams and governance participants contribute to its operation. That history does not make the founders guarantors of token prices or application safety.
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What is Tezos used for?
XTZ pays Tezos transaction fees and supports consensus through baking, delegation or staking. Tezos applications also use smart contracts for NFTs, finance and other services. An application's FA token is not native XTZ, and buying tez does not automatically confer rights in those separately issued assets.
Where can you buy Tezos?
Confirm current XTZ markets and native Tezos withdrawals on the platform's official pages, including your location's restrictions. Do not assume a ticker shown in a comparison table establishes availability. A wrapped or bridged XTZ product also needs separate network and redemption checks.
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Tezos exchange reference guides
Before you buy| Exchange | Observed pairs | Catalogue status | Checked (UTC) | Checklist |
|---|---|---|---|---|
| Coinbase | XTZ-BTC, XTZ-EUR, XTZ-GBP + moreCoinbase Exchange public spot catalogue, not Coinbase Advanced or retail account eligibility | Reported open | Check route | |
| Binance | XTZBNB, XTZBTC, XTZBUSD + moreBinance.com global public spot catalogue; not Binance.US or regional/account access | Reported open | Check route | |
| Kraken | XTZEUR, XTZUSD, XTZUSDC + moreKraken international public currency spot pairs plus Support full names and public canonical-to-altname metadata; not regional, retail, funding or account eligibility. | Reported open | Check route | |
| OKX | XTZ-EUR, XTZ-USDC, XTZ-USDTOKX public SPOT instruments joined to the first thirty-eight global ALL market pages plus three existing category pages. Only explicit SPOT rows with matching API trade ID and base symbol supply names; stocks, swaps and unknown products are excluded. Bounded identity coverage, not regional/account, funding, contract or withdrawal eligibility. | Reported open | Check route | |
| Gemini | XTZUSDGemini public details for 47 explicitly spot/vanilla USD instruments only, plus the published en-us Support article's exact asset names and codes. Bounded subset, NOT a complete spot catalogue. Article regional/entity restrictions remain applicable; retail, account, funding, withdrawals and token contracts are not verified. No aliases or derivative inference. | Reported open | Check route | |
| Bybit | XTZUSDTBybit global public crypto SPOT instruments with empty symbolType only, joined to the provider-declared CoinGecko ID mapping and exact symbol/full name on its English price page. Price-page coverage is bounded; unmatched identities stay unknown. Not regional, account, funding, contract or withdrawal eligibility. | Reported open | Check route | |
| KuCoin | XTZ-BTC, XTZ-USDTKuCoin global public spot symbols and asset names, not account or withdrawal eligibility | Reported open | Check route | |
| Gate.io | XTZ_USDTGate global normal spot currency-pair catalogue and embedded full names from api.gateio.ws; premarket excluded; not Gate.US/EU/Dubai, account, region or funding eligibility | Reported open | Check route | |
| Bitstamp | xtzeur, xtzusdBitstamp public spot market and currency catalogue, not account eligibility | Reported open | Check route | |
| Binance.US | XTZBTC, XTZBUSD, XTZUSD + moreBinance.US public spot exchangeInfo plus its own price-page JSON-LD full names and ticker identifiers; not Binance.com, One Click Buy, state, funding or account eligibility. | Reported open | Check route | |
| MEXC | XTZUSDTMEXC public spot exchange information; API permission is separate from catalogue membership and account access | Reported open | Check route | |
| Bitget | XTZUSDTBitget classic public spot catalogue joined to literal names/symbols from the first ten English price-table pages, each bound to its canonical and successful page-specific hydration query. Bounded name coverage, not all price pages or regional/account, contract, funding or withdrawal eligibility. Price presence alone is not a listing. | Reported open | Check route | |
| Poloniex | XTZ_USDTPoloniex public spot markets and currency metadata, not account or withdrawal support | Reported open | Check route | |
| BingX | XTZ-USDTBingX public spot symbol catalogue joined to exact full names/tickers from forty page-bound English price JSON-LD lists. First page has an explicit root collection URL; later pages require their own collection URL. Bounded name coverage; price presence alone is not a listing. Not derivatives, account, region, contract, funding or withdrawal eligibility. | Reported open | Check route | |
| Upbit | BTC-XTZ, KRW-XTZUpbit Korea public spot market list; not Singapore, Indonesia, Thailand or account eligibility | Listed; execution unknown | Check route | |
| LBank | xtz_usdtLBank public spot accuracy catalogue joined to literal names/symbols on the first ten English price tables. Query pages share the root canonical but must bind the exact current-page number and link. Bounded identity coverage; execution status remains unknown. Not account, regional, funding, contract or withdrawal eligibility. | Listed; execution unknown | Check route |
How to buy Tezos
Plan your purchaseHow much Tezos?
How can you buy Tezos safely?
Verify the platform, native Tezos network and receiving account before buying XTZ for self-custody. Check any memo or deposit instruction required by the recipient and test a small withdrawal. Do not confuse acquiring tez with approving an unfamiliar FA-token contract or staking transaction.
Can you buy a fraction of Tezos?
Yes, tez is divisible into millionths called mutez, so purchasing one whole XTZ is not required by the protocol. Venues set their own minimum orders and withdrawals. Retain liquid tez for fees even if most of the balance is delegated or staked.
How much does it cost to buy Tezos?
The cost is the XTZ order value plus spread, payment charges, trading fees and any withdrawal charge. On-chain operations use tez for transaction fees, and some storage-related operations have additional costs. Staking a balance does not remove the need for liquid tez to authorize later actions.
How much is one Tezos worth?
An XTZ quote values liquid tez, not a baker's reward rate or an application's FA token. If a recent reference quote is available in this page's timestamped panel, compare it with the venue's executable order. Staked tez must complete its exit process before it can be sold, unlike liquid delegated tez.
Is Tezos a good investment?
XTZ has market risk as well as wallet, application and protocol-governance risks. Staking exposes locked tez to baker penalties, whereas liquid delegation has different exposure and reward mechanics. Neither regular baking rewards nor a history of protocol upgrades establishes a protected principal or a guaranteed return.
Compare two order previews
Use XTZ credited after buying fees and spread. Extra USD charges must exclude fees already included in the total. Enter 0 only when confirmed.
Which quote delivers more XTZ?
Enter your order-preview numbers or use the labeled example. Unknown charges are never treated as zero.
Tezos wallets & storage
How do you get a Tezos wallet?
Use a wallet that supports native Tezos accounts and the specific actions you need, such as delegation or staking. Back up recovery credentials offline and verify the receiving account. Keep some tez liquid for fees, and inspect whether a proposed action delegates funds or locks them as stake.
How can you store Tezos securely?
Protect the keys controlling the Tezos account and verify the destination and operation on a trusted signing device where supported. Liquid delegation does not require transferring ownership to a baker. Actual staking adds lock and penalty considerations, so review the baker and authorization rather than treating both actions as identical.
Sending & cashing out Tezos
Match your networks
For XTZ, copy the exact network names shown in your apps. This compares your entries, not a verified list of supported networks.
Enter both network names
Copy the exact network name shown for this asset in each app. No supported-network catalogue is assumed here.
How do you send Tezos to another wallet?
Send native XTZ to the recipient's exact Tezos account using a supported wallet. Review the amount, network fee and any recipient-specific deposit instructions before signing. An FA-token transfer uses a contract operation and is not interchangeable with sending native tez.
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How long does a Tezos transfer take?
A Tezos transfer must be included and reach the confirmation state required by the recipient. A custodian may then perform additional crediting checks. Staked tez needs the protocol's unstaking and finalization steps before spending, so a locked balance does not have the same transfer availability as liquid tez.
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How much does it cost to send Tezos?
Tezos transaction fees are paid in tez and reflect the operation's resource requirements and current inclusion conditions. Contract interactions and storage allocation differ from a simple tez transfer. Review the wallet's estimate and keep fees separate from baker commissions, exchange charges and any application-specific costs.
Can you cash out Tezos for real money?
Check that a platform currently accepts native XTZ deposits and supports the sale and fiat-withdrawal route you need. Liquid delegated tez and locked staked tez have different spendability. Complete any required unstaking process first, then distinguish network receipt from a completed sale and bank withdrawal.
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Is Tezos traceable?
Tezos transactions and account activity are publicly inspectable; tez is not a default privacy coin. Delegation, staking and contract operations can be associated with an account's history. Pseudonymous addresses do not prevent an exchange or other counterparty from linking activity with its own identity records.
Supply, mining & staking
What is the maximum supply of Tezos?
Do not treat an old circulating-supply figure as an immutable XTZ ceiling. Tezos rewards bakers and stakers through protocol rules that can evolve through amendments. The reviewed documentation does not establish a fixed maximum supply, so current supply and issuance should be checked against current network data.
Can you mine Tezos?
No, native XTZ is not mined with proof-of-work hardware. Tezos uses bakers and stake-based consensus instead of competitive hashing. Running a baker requires stake and operational participation under current protocol rules; a third-party service calling its offer mining does not change the network's consensus mechanism.
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Can you stake Tezos?
Yes, Tezos supports native staking, but it differs from delegating liquid tez. Staked tez is temporarily locked and shares exposure to the selected baker's penalties; liquid delegation rewards depend on the baker's distribution policy. Check current acceptance, exit and reward conditions without assuming a fixed yield.