A Step-by-Step-Guide on how to buy Stellar (XLM) in Anguilla
Step 1 – Signup to Kraken You'll first need to buy units of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. 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 affirmed, you will directly have access to your assets and you can begin buying and trading. To purchase (XLM) Stellar on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. To spot Stellar (XLM), you will need to insert the short name of the asset (XLM) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we've highlighted this too. Click on “XLM/BTC” to go on.
Step 4 – Buy Stellar (XLM) After you have located Stellar (XLM), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are creating our own Limit Order. The “Price” field will be filled automatically with the recent valuation Stellar (XLM) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XLM you like to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the complete amount of XLM. When you are happy, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vender trades their XLM for the price you introduced.
Step 5 – Withdraw (XLM) Stellar Unless you are trading, never keep your coins on an Cryptocurrency Exchange for an longer period of time. To take off your Stellar (XLM), hover over the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Enter the volumen of Stellar (XLM) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.