How to Buy Stellar (XLM) in Armenia

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

Step 1 – Signup to Kraken

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

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have selected the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate (XLM) Stellar

As soon as your deposit has been affirmed, you will now have access to your funds and you can initiate purchasing and trading. To purchase (XLM) Stellar on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”.

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

Step 4 – Buying Stellar (XLM)

As soon as you have spotted (XLM) Stellar, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date rate Stellar (XLM) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XLM you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole quantity of XLM.

When you are happy, click on “Buy XLM”. Your plan will be filled when a Vendor sells their XLM for the price you offered.

Step 5 – Withdraw Stellar (XLM)

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

Find (XLM) Stellar by using the given drop-down box. Put into the amount of Stellar (XLM) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Congrats! You have successfully purchased and stored (XLM) Stellar in Armenia.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Stellar (XLM) is stored in your wallet, you are all done.