A Step-by-Step-Guide on how to buy Stellar (XLM) in Azerbaijan
Step 1 – Signup to Kraken You'll first need to purchase one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and getting your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find Stellar (XLM) Once your deposit has been affirmed, you will now have access to your funds and you can initiate buying and trading. To invest in Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. To find Stellar (XLM), you will need to put the cointype (XLM) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we have marked this also. Click on “XLM/BTC” to proceed.
Step 4 – Purchasing (XLM) Stellar After you've discovered 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). For now we are making our own Limit Order. The “Price” field will be filled with the up-to-date price Stellar (XLM) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of XLM you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete amount of XLM. When you are satisfied, click on “Buy XLM”. Your order will be filled when a Seller trades their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extended time frame. In order to withdraw your Stellar (XLM), go to the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Put into the quantity of (XLM) Stellar you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.