4 Ways to Get Tez on Etherlink

The Etherlink ecosystem has been growing fast, with more projects being announced almost every week. From gaming, to decentralized finance (DeFi) projects, to NFT drops that are selling out in the first few hours, these are some reasons to keep some tez handy on Etherlink and partaking in the fun.

But how can you get your hands on some tezt in your wallet on Etherlink? Well, even though the Etherlink ecosystem is fairly new, there are already 4 different ways you could do that and in this article, we will cover them all. Let’s get right into it!

1. Bridging XTZ from Tezos Layer 1 #

First up we got the native bridge between the Tezos Layer 1 and Etherlink. This one might be the easiest way for people that are already using Tezos or that are familiar with how to bridge between networks. Assuming you are not a Tezos user, the steps you need to take are:

1. Buy some XTZ on any centralized exchange like Binance, Kraken, Coinbase, Kucoin, Gate, etc.
2. Withdraw those XTZ to a Tezos wallet like Kukai or Temple.
3. Go to https://www.etherlinkbridge.com/tezos-bridge and connect both your Tezos and Etherlink wallets.
4. Choose the amount you want to bridge to your Etherlink wallet and confirm.

The XTZ should show up in your Etherlink wallet after a few seconds.

2. Using a centralized exchange: AscendEX #

If you are planning to do trades, arbitrage, and other stuff that require you to use a centralized exchange more often, AscendEX might be an option that you wanna consider. AscendEX is the first centralized exchange that added support for XTZ on the Etherlink network so you are able to buy, sell, deposit and withdraw your Etherlink XTZ straight to and from Etherlink.

Keep in mind that as with all centralized exchanges, you will need to open an account and do the required KYC to use this method.

3. Buying XTZ on Etherlink with fiat: Transak #

Another straightforward way to get some XTZ straight to your Etherlink wallet is through Transak. Transak is a fiat on-ramp service that allows you to buy XTZ with your local currency using SEPA transfers, credit/debit card, Apple Pay, or Google Pay.

If you choose to use Transak, make sure you choose the Etherlink network and the XTZ token (not WXTZ). The service has a minimum buy of $20 and depending on the payment method you choose, the fee can be from 1% up to 4.5%. Lastly, as with any on-ramp services, Transak will ask you to go through KYC, but it is an easy one.

4. Bridging funds from other EVM ecosystems #

Last but not least, we have a way that allows you to jump into Etherlink without any centralized exchange or KYC processes etc. The 4th way to get some XTZ on Etherlink is the Etherlink EVM bridge that allows you to bridge tokens from many different EVM chains like Ethereum, BNB, Base, Arbitrum, and more.

It’s important to mention that this bridge allows you to bring tokens other than XTZ, which means that after bridging your assets over to Etherlink, you will need to swap them for XTZ on one of the decentralized exchanges of Etherlink like IguanaDEX. With that in mind, it would be wise to check the liquidity of the assets you are planning to bridge just to be sure that there is enough for you to swap without huge amounts of slippage.

While Etherlink is already showcasing significant growth with its projects and integrations, it’s important to remember that this ecosystem is still relatively new. As it matures, we can expect to see more integrations with centralized exchanges and user-friendly on-ramp tools, making it even easier to access and utilize XTZ on Etherlink.

If you’re excited about the potential of Etherlink and want to be an early explorer, now is the perfect time to dive in. Choose the method that suits you best, get your hands on some XTZ, and start exploring Etherlink today!