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 Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate Stellar (XLM) Once your deposit has been affirmed, you'll directly have access to your assets and you can launch buying and trading. To purchase Stellar (XLM) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to find Stellar (XLM), you will need to insert the shortname of the coin (XLM) into the search-box, which is marked in the image. Be certain of having selected the proper grouping, we've highlighted this also. Click on “XLM/BTC” to advance.
Step 4 – Buying Stellar (XLM) As soon as you've spotted Stellar (XLM), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff Stellar (XLM) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XLM you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole amount of XLM. If you're satisfied, make a mouse click on “Buy XLM”. Your order will be filled when a Seller sells their XLM for the price you gave.
Step 5 – Withdraw Stellar (XLM) Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Stellar (XLM), go to 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 provided drop-down box. Drop in the volumen of Stellar (XLM) you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, click on “Submit”. You may be asked for phone/email verification before a take off.