How to Buy Stellar (XLM)

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).

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

Make sure you've chosen the exact coin you would like to deposit.

BTC must be sent to a BTC 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 (Follow these easy steps).

Step 3 – Find Stellar (XLM)

Once your deposit has been confirmed, you will immediately have access to your assets and you can begin buying and trading. To purchase Stellar (XLM) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

To discover Stellar (XLM), you'll need to put the cointype (XLM) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we have marked this also. Click on “XLM/BTC” to proceed.

Binance Hot To Buy Stellar (XLM)
Binance How to Buy (XLM) Stellar
Step 4 – Acquisition of Stellar (XLM)

Once you have located Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our own Limit Order.

The field with the “Price” tag will be filled with the most recent valuation Stellar (XLM) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XLM you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole volumen of XLM.

When you're happy, click on “Buy XLM”. Your order will be filled as soon as a Seller sells their XLM for the price you introduced.

Step 5 – Withdraw Stellar (XLM)

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer time frame. In order to withdraw your Stellar (XLM), go to the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the provided drop-down box. Put into the amount of Stellar (XLM) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you are glad, click “Submit”. You may be asked for email/phone verification before a withdrawal.

Binance Withdraw

Kudos! You have successfully bought and safed Stellar (XLM).

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your take off using Etherscan.io or Ethplorer.io and the (XLM) Stellar is stored within your wallet, you are done.

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