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 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate Stellar (XLM) Once your deposit has been affirmed, you will instantly have access to your assets and you can start invest and trading. To buy Stellar (XLM) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to discover Stellar (XLM), you will need to put the short name of the asset (XLM) into the search-box, which is highlighted in the image. Be certain of having selected the correct pairing, we've highlighted this also. Click on “XLM/BTC” to proceed.
Step 4 – Buy Stellar (XLM) Once you've spotted Stellar (XLM), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are making our own Limit Order. The ”Price” field will be filled automatically with the up-to-date price Stellar (XLM) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of XLM you want to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of XLM. If you're satisfied, make a mouse click on “Buy XLM”. Your order will be filled when a Vendor trades their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, best advise is not to keep crypto on an Crypto Exchange for an longer period of time. In order to take off your Stellar (XLM), go to the ”Funds” tab and click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Drop in the volumen of Stellar (XLM) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you are glad, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.