The Tezos ecosystem continues to expand making it easier for users to invest and enjoy impressive staking yields. Nowadays, users can buy Tezos’s native token, XTZ, in many centralized exchanges like Bitfinex, Coinbase, HitBTC, Gate.io, and Digifinex.
However, there are certain restrictions to buying Tezos (XTZ) in countries like the United States. Therefore, in this article, you will discover how can American citizens can now buy XTZ.
American Citizens can Now Buy XTZ with Transak
Tezos has announced a new way for people who lives in the United States to buy its native token, XTZ, in its latest ‘Baking Sheet’ ecosystem update on January 28th.
Transak is an app that enables users to buy crypto directly from their credit or debit cards. Now, it has added XTZ to its platform for users in the United States.
According to the annoucement, American users now have a simple and effective way to buy Tezos with just a few clicks using their bank cards.
🔥 Hot out of the Oven: 'The Baking Sheet' – Issue #84
This week in the #Tezos Ecosystem highlights Coinshares listing the first physical Tezos ETP, Transak enabling US customers to use tez, and you can now purchase tez directly from Kukai Wallet!https://t.co/lPy6QLCh9G
— Tezos Commons (@TezosCommons) January 28, 2022
Transak Leverage DeFi to Mainstream
Transak provides developers with the tools to make decentralized applications available to mainstream users. Furthermore, it offers a fiat on-ramp that can be integrated into many existing crypto wallets and applications such as MetaMask.
On the other hand, Transak operates in more than 100 countries and supports over 60 different fiat currencies. Additionally, the app also has support for major networks, stablecoins, and more than 80 cryptocurrencies.
Therefore, U.S. users will need to submit KYC (know-your-customer) verification documents to buy cryptos. It’s important to remember that there are fees associated with using Transak to buy Tezos.
Finally, the current staking reward for Tezos is 5.54% according to staking tracker StakingRewards. Additionally, Tezos has very high staking participation at 73.6% according to the tracker.
XTZ Price Outlook
At the time of writing this article, XTZ has decreased its value by 4.5% on the day. As a result, XTZ prices have fallen to $3.23. Also, XTZ has a marketcap of $2.8 billion and a 24-hour trading volume of $160 million.
Moreover, Tezos has been hit hard during this market decline with a 25% slide over the past fortnight. The token is currently trading down 65% from its October 4 all-time high of $9.12.
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