A Step-by-Step-Guide on how to buy Stellar (XLM)
Step 1 – Signup to CEX.io You'll first need to buy units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and getting Bitcoin or Ethereum.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC 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 (Just follow these easy steps).
Step 3 – Locate (XLM) Stellar As soon as your deposit has been affirmed, you'll now have access to your finances and you can start purchasing and trading. To purchase (XLM) Stellar on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. In order to locate (XLM) Stellar, you'll need to insert the shortname of the coin (XLM) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this also. Click on “XLM/BTC” to go on.
Step 4 – Acquisition of Stellar (XLM) After you have found Stellar (XLM), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled with the most recent rate Stellar (XLM) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XLM you want to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete quantity of XLM. When you are glad, make a mouse click on “Buy XLM”. Your order will be filled as soon as a Vender trades their XLM for the price you submitted.
Step 5 – Withdraw (XLM) Stellar Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive time period. To withdraw your (XLM) Stellar, hover over the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Enter the quantity of (XLM) Stellar you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.