A Step-by-Step-Guide on how to buy Stellar (XLM) in Bulgaria
Step 1 – Join Coinbase and get 10$ for free You'll first need to purchase units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome $10.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate (XLM) Stellar As soon as your deposit has been verified, you will now have access to your funds and you can start buying and trading. To invest in (XLM) Stellar on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. In order to find Stellar (XLM), you'll need to insert the short name of the asset (XLM) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we have highlighted this also. Click on “XLM/BTC” to progress.
Step 4 – Buy Stellar (XLM) As soon as you've spotted (XLM) Stellar, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are going to create our Limit Order. The field with the “Price” tag will be filled with the most up-to-date price (XLM) Stellar was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of XLM you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole amount of XLM. When you're glad, click on “Buy XLM”. Your order will be filled when a Seller trades their XLM for the price you offered.
Step 5 – Withdraw (XLM) Stellar Unless you are regularly trading, you should never keepyour coins on an Exchange for an extended period of time. To withdraw your (XLM) Stellar, go to the “Funds” tab and mouse 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 take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.