How to Buy Stellar (XLM) in Andorra

A Step-by-Step-Guide on how to buy Stellar (XLM) in Andorra

Step 1 – Join Kraken

You will first need to purchase one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find (XLM) Stellar

As soon as your deposit has been confirmed, you will immediately have access to your assets and you can commence purchasing and trading. To invest in (XLM) Stellar on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to spot (XLM) Stellar, you will need to insert the cointype (XLM) into the search box, which is marked in the image. Make sure you have selected the correct pairing, we have highlighted this also. Click on “XLM/BTC” to advance.

Step 4 – Acquisition of (XLM) Stellar

As soon as you've spotted Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest rate Stellar (XLM) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of XLM you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete quantity of XLM.

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

Step 5 – Withdraw (XLM) Stellar

Unless you are frequently trading, best advise is not to keep crypto coins on an Exchange for an longer time frame. To take off your Stellar (XLM), go to the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Stellar (XLM) by using the provided drop-down box. Drop in the volumen of Stellar (XLM) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you're happy, click “Submit”. You could be asked for phone/email verification before a withdrawal.

Congrats! You've successfully purchased and stored Stellar (XLM) in Andorra.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've proved your take off using Ethplorer.io or Etherscan.io and the Stellar (XLM) is stored within your wallet, you're all done.