A Step-by-Step-Guide on how to buy Stellar (XLM) in Equatorial Guinea
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and getting your first 10$.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Stellar (XLM) Once your deposit has been approved, you'll immediately have access to your finances and you can initiate purchasing and trading. To buy (XLM) Stellar on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to find (XLM) Stellar, you'll need to insert the shortname of the coin (XLM) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we have marked this too. Click on “XLM/BTC” to progress.
Step 4 – Acquisition of Stellar (XLM) After you have located Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date rate (XLM) Stellar was traded for. You can change this to your favoured rate. The “Amount” field is the volumen of XLM you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole quantity of XLM. If you are happy, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vendor trades their XLM for the price you submitted.
Step 5 – Withdraw (XLM) Stellar Unless you're frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extended time frame. In order to withdraw your (XLM) Stellar, hover over the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the given drop-down box. Put into the amount of Stellar (XLM) you would wish to take off. Take into account the demonstrated 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 email/phone verification ahead of a take off.