A Step-by-Step-Guide on how to buy Stellar (XLM) in Aruba
Step 1 – Join Kraken You'll first need to purchase one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Funds to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Stellar (XLM) Once your deposit has been approved, you will immediately have access to your funds and you can launch invest and trading. To purchase (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to spot Stellar (XLM), you'll need to put the cointype (XLM) into the search box, which is highlighted in the image. Be certain of having selected the proper pairing, we've marked this too. Click on “XLM/BTC” to go ahead.
Step 4 – Purchase Stellar (XLM) After you've spotted Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're going to create our own Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff Stellar (XLM) was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of XLM you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of XLM. If you're glad, click on “Buy XLM”. Your order will be filled when a Vendor sells their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an longer time period. To withdraw your (XLM) Stellar, hover over the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Put into the quantity of (XLM) Stellar you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, click “Submit”. You may be requested for phone/email verification before a take off.