A Step-by-Step-Guide on how to buy Stellar (XLM) in Kenya
Step 1 – Signup to Coinbase – Get Free $10 You will first need to purchase units of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and getting your welcome 10 Dollar.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Stellar (XLM) As soon as your deposit has been verified, you'll instantly have access to your finances and you can begin purchasing and trading. To purchase (XLM) Stellar on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. In order to find Stellar (XLM), you'll need to put the cointype (XLM) into the search-box, which is marked in the image. Be certain of having choosen the proper grouping, we've marked this also. Click on “XLM/BTC” to advance.
Step 4 – Buying (XLM) Stellar After you've discovered (XLM) Stellar, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most recent valuation Stellar (XLM) was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of XLM you like to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole volumen of XLM. If you're glad, make a mouse click on “Buy XLM”. Your plan will be filled when a Seller trades their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you are trading, best advise is not to keep coins on an Exchange for an longer time period. In order to take off your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the provided drop-down box. Put into the quantity of Stellar (XLM) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.