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 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find Stellar (XLM)

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

To discover Stellar (XLM), you'll need to insert the short name of the asset (XLM) into the search box, which is marked in the graphic. Make sure you have selected the right pairing, we've marked this too. Click on “XLM/BTC” to progress.

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

Once you have spotted Stellar (XLM), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date valuation Stellar (XLM) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of XLM you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of XLM.

If you are glad, click on “Buy XLM”. Your plan will be filled when a Vendor trades their XLM for the price you introduced.

Step 5 – Withdraw Stellar (XLM)

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extended period of time. In order to take off your Stellar (XLM), hover over the ”Funds” tab and click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the provided drop-down box. Put into the quantity of Stellar (XLM) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you're happy, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.

Binance Withdraw

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

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the (XLM) Stellar is safe within your wallet, you are done.

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