A Step-by-Step-Guide on how to buy Stellar (XLM)
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to purchase one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your first 10 Dollar.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find (XLM) Stellar Once your deposit has been verified, you will immediately have access to your funds and you can launch invest and trading. To invest in (XLM) Stellar on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate (XLM) Stellar, you will need to insert the cointype (XLM) into the search-box, which is marked in the image. Be certain of having choosen the right pairing, we've marked this also. Click on “XLM/BTC” to continue.
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 a few Order Books (on the Left of the picture). For now we're making our Limit Order. The ”Price” field will be filled automatically with the most up-to-date tariff Stellar (XLM) was traded for. You can change this to your preferred price. The ”Amount” field is the amount of XLM you wish to purchase. The ”Total” field is the whole price in BTC that you will pay for the whole amount of XLM. When you're satisfied, make a mouse click on “Buy XLM”. Your plan will be filled when a Vendor sells their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you're trading, never keep your coins on an Exchange for an longer time frame. In order to take off your Stellar (XLM), go to the ”Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the given drop-down box. Enter the quantity of Stellar (XLM) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're glad, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.