XTZ-ZAR price

XTZ, also called "tez", is the native cryptocurrency of the Tezos blockchain. It is used to pay transaction fees on that network and to secure the platform through staking.

Right now, 1 Tezos is worth R .

Right now, 1 South African rand is equal to XTZ.

Tezos is a Proof of Stake blockchain network featuring on-chain governance and self-amendment mechanisms. It was first conceptualized in a 2014 white paper, then launched in 2018 after a $232 million ICO in 2017.

You can stake XTZ and earn rewards by becoming a baker (running your own validator node) or by delegating XTZ to a baker. You can browse bakers and delegate your XTZ to one on tzkt.io.

Baking is the Tezos term for being a validator of its blockchain. Anyone can become a baker by running the proper software and hardware, and by locking 6,000 XTZ.

The price of XTZ refers to a global price that is calculated by making a volume-weighted average of its real-time price on many different exchange platforms where it is traded, such as Binance, Bybit, OKX, Coinbase, Kraken, etc.

You never store XTZ in itself. Instead, you store the private key giving you access and control over a Tezos address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send XTZ, you use a Tezos wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy Tezos with us here from South Africa by sending us bank transfers in ZAR, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy Tezos.

You can swap Tezos here against one of the cryptocurrencies that we support, using any self-custodial Tezos wallet. For more information, have a look at our step-by-step tutorial on how to swap Tezos.

To cash out Tezos with us, you simply need to transfer your crypto to our address. We'll convert your XTZ in ZAR, then transfer the funds to your bank account in South Africa. For more information, have a look at our step-by-step tutorial on how to sell Tezos.