A Step-by-Step-Guide on how to buy Stellar (XLM) in Bahamas
Step 1 – Signup to Kraken You'll first need to purchase one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (XLM) Stellar Once your deposit has been confirmed, you'll instantly have access to your assets and you can launch invest and trading. To invest in Stellar (XLM) on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. In order to spot Stellar (XLM), you'll need to insert the short name of the asset (XLM) into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we have highlighted this too. Click on “XLM/BTC” to advance.
Step 4 – Purchase (XLM) Stellar After you've discovered (XLM) Stellar, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are going to create our Limit Order. The “Price” field will be filled automatically with the most up-to-date rate Stellar (XLM) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of XLM you like to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the complete amount of XLM. When you're glad, make a mouse click on “Buy XLM”. Your order will be filled as soon as a Vender sells their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extended period of time. To withdraw your Stellar (XLM), go to the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the given drop-down box. Drop in the quantity of (XLM) Stellar you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.