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 ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you've chosen the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find Stellar (XLM)

Once your deposit has been affirmed, you'll directly have access to your funds and you can start buying and trading. To buy Stellar (XLM) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate Stellar (XLM), you will need to put the cointype (XLM) into the search box, which is marked in the graphic. Make sure you have selected the correct pairing, we have highlighted this also. Click on “XLM/BTC” to go ahead.

Step 4 – Buying Stellar (XLM)

As soon as you've spotted Stellar (XLM), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to create our own Limit Order.

The ”Price” field will be filled with the most recent price Stellar (XLM) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of XLM you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete quantity of XLM.

When you are glad, make a mouse click on “Buy XLM”. Your plan will be filled when a Seller sells their XLM for the price you submitted.

Step 5 – Withdraw Stellar (XLM)

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Trader for an extended time period. To withdraw your Stellar (XLM), hover over the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Stellar (XLM) by using the given drop-down box. Drop in the quantity of Stellar (XLM) you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

When you are satisfied, click on “Submit”. You may be requested for phone/email verification ahead of a take off.