A Step-by-Step-Guide on how to buy Stellar (XLM) in Australia
Step 1 – Signup to Kraken You will first need to buy units of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Stellar (XLM) As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can launch buying and trading. To invest in (XLM) Stellar on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. In order to discover Stellar (XLM), you will need to put the short name of the asset (XLM) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we've highlighted this also. Click on “XLM/BTC” to go on.
Step 4 – Buying Stellar (XLM) Once you have located Stellar (XLM), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are making our own Limit Order. The “Price” field will be filled automatically with the most up-to-date rate (XLM) Stellar was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of XLM you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of XLM. When you are satisfied, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Seller trades their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. In order to take off your (XLM) Stellar, hover over the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the given drop-down box. Put into the volumen of Stellar (XLM) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.