Announcement: As of August 5,2019 Coinbase has added Tezos (XTZ) to our supported assets. Coinbase customers in qualifying countries will now be able to buy, sell, send, and receive Tezos (XTZ). For info about which products and regions will support the new asset, please see our Supported Digital Currencies page.
Tezos (XTZ) is a blockchain platform designed to support smart contracts and decentralized applications. Its features include a formal verification system (proof-of-stake), designed to enable a transparent, democratic stakeholder community.
Proof-of-stake is a type of consensus algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Please note that although this is a feature of Tezos, proof-of-stake/staking and voting are not currently supported on Coinbase.
Yes, but please be sure to send XTZ to and from Coinbase the same way you send all other assets on the platform, within their own separate wallet to the correct address. Select the “Deposit” button next to your XTZ wallet to view your XTZ deposit address.
If you send to an external (non-Coinbase) address or wallet that does not support XTZ, Coinbase is not responsible for that transaction.