A Step-by-Step-Guide on how to buy Stellar (XLM)
Step 1 – Signup to Kraken You will first need to buy one of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Stellar (XLM) Once your deposit has been verified, you will instantly have access to your assets and you can start buying and trading. To invest in Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot Stellar (XLM), you'll need to insert the cointype (XLM) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we have marked this also. Click on “XLM/BTC” to go on.
Step 4 – Acquisition of Stellar (XLM) As soon as you've located Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're making our own Limit Order. The field with the “Price” tag will be filled with the most latest tariff Stellar (XLM) was traded for. This can be changed to your preferred rate. The ”Amount” field is the volumen of XLM you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of XLM. When you are glad, make a mouse click on “Buy XLM”. Your plan will be filled when a Vender trades their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, you should never keepyour coins on an Crypto Trader for an extended time period. To withdraw your Stellar (XLM), go to the ”Funds” tab and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the given drop-down box. Put into the volumen of Stellar (XLM) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.