A Step-by-Step-Guide on how to buy Stellar (XLM) in Austria
Step 1 – Join Kraken You will first need to buy one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Stellar (XLM) As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can launch purchasing and trading. To purchase Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. To discover (XLM) Stellar, you will need to put the shortname of the coin (XLM) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “XLM/BTC” to proceed.
Step 4 – Purchase (XLM) Stellar As soon as you have discovered Stellar (XLM), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we are making our Limit Order. The field with the “Price” tag will be automatically filled with the latest valuation Stellar (XLM) was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of XLM you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount of XLM. If you are happy, click on “Buy XLM”. Your plan will be filled when a Vender sells their XLM for the price you offered.
Step 5 – Withdraw Stellar (XLM) Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive time period. In order to take off your Stellar (XLM), go to the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the provided drop-down box. Enter the quantity of (XLM) Stellar you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.