A Step-by-Step-Guide on how to buy Stellar (XLM) in El Salvador
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and receive your first 10 Dollar.
Step 2 – Send Your Funds to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate (XLM) Stellar Once your deposit has been verified, you will immediately have access to your assets and you can begin purchasing and trading. To buy (XLM) Stellar on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. In order to spot Stellar (XLM), you will need to put the short name of the asset (XLM) into the search box, which is marked in the image. Make sure you have choosen the proper pairing, we have marked this also. Click on “XLM/BTC” to go ahead.
Step 4 – Buying Stellar (XLM) After you have located Stellar (XLM), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to create our Limit Order. The “Price” field will be filled automatically with the most latest rate Stellar (XLM) was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of XLM you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete amount of XLM. If you are happy, 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're trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your Stellar (XLM), hover over the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the provided drop-down box. Enter the amount of Stellar (XLM) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, click on “Submit”. You may be requested for phone/email verification before a withdrawal.