Loading...

Frequently asked questions

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.

Most traders who sell their coins do so because they suspect that the future might be bearish for the currency (bears swipe downwards, remember, while bulls rear upwards). With that said, sellers might also shift their portfolio elsewhere for technical or ideological reasons. Whatever your motivations, it’s important that you get the best possible deal on your coins.

You can sell Tezos on so-called crypto exchanges.

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.

Unfortunately, we cannot give investment advice. That said, it makes sense to set up a price alert for you to not miss out on any investment opportunities.

Before you sell Tezos, you should consider the fees your exchange is going to take on the transaction. Additionally, it's important to check if an exchange offers your preferred payout method and fiat currency. You can compare the available exchanges and their merits using Cryptoradar.

In most countries, cryptocurrencies like Tezos are taxed like commidities such as gold or silver. Any profits from such investment, therefore, may be subject to capital gains tax. Make sure to check with your local authorities, and use crypto tax software to calculate and file your taxes.

Payout methods vary significantly from exchange to exchange. Most will only offer bank transfer, why others offer PayPal or even gold.

Join the Cryptoradar community