A Step-by-Step-Guide on how to buy XEL (XEL)
Step 1 – Join Kraken You'll first need to buy units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and to get Ethereum or Bitcoin.
Step 2 – Transfer Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. XEL (XEL) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find XEL (XEL) Once your deposit has been confirmed, you'll immediately have access to your assets and you can start purchasing and trading. To purchase XEL (XEL) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate XEL (XEL), you'll need to insert the shortname of the coin (XEL) into the search box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “XEL/BTC” to continue.
Step 4 – Buying XEL (XEL) Once you have spotted XEL (XEL), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff XEL (XEL) was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of XEL you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of XEL. If you're happy, make a mouse click on “Buy XEL”. Your order will be filled as soon as a Vender trades their XEL for the price you introduced.
Step 5 – Withdraw XEL (XEL) Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your XEL (XEL), go to the tab called “Funds” and click on “Withdraw”. XEL (XEL) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find XEL (XEL) by using the given drop-down box. Enter the volumen of XEL (XEL) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are happy, click “Submit”. You may be requested for email/phone verification before a take off.