Tezos is a decentralized currency that operates on a public governance blockchain. Instead of being mined like many other cryptocurrencies, Tezos functions via a proof-of-stake mechanism. It uses smart contracts to verify any transactions in a secure manner. Tezos is ranked #40 currently on the cryptocurrency market and only 763,306,930 XTZ tokens can be created.

XTZ can be traded on cryptocurrency exchanges online. This includes some of the most popular exchanges, and it can be traded for other cryptocurrencies as well as for fiat currency, depending on the exchange you use and their available options.

Tezos is designed to be stored digitally in a wallet on the crypto-currency exchange that you purchase it from or remotely on a flash drive. The wallet and your XTZ tokens can be secured via a passcode. Anyone who has that passcode can access and sell the XTZtokens. Staying in the wallet does not protect the value of the tokens, as the XTZ price goes up and down based on a variety of market factors.

Tezoscan be used to buy stock in the Tezos blockchain and to make some online purchases. They can also be traded between other cryptocurrencies and in some cases cashed out for fiat money. As cryptocurrency is becoming more mainstream and as Tezos gains popularity, Tezos investors will be able to make purchases in more locations online.

Tezos is legal to purchase in most places around the world, but there are some countries where cryptocurrency of all kinds is illegal. Cryptocurrency purchases are currently illegal in Bolivia, Nepal, Turkey, Nigeria, Ecuador, and Algeria. Other countries have threatened to ban cryptocurrency, and new legislation is being written that could affect cryptocurrency around the world.

Tezos is currently not regulated within the UK other than for the purposes of money laundering. However, that may change soon, as new legislation is being proposed all the time in regards to the currency and its usage within the UK.

There are numerous risks in trading Tezos, and potential investors should be watching the XTZ chart regularly for signs of activity. The volatile cryptocurrency market is a dangerous one on which to make purchases, as the value of Tezos and other crypto coins can change drastically and unexpectedly. There's no guarantee that the value will be retained, particularly since this coin is not backed by any Central Bank.