How to Buy Stellar (XLM) in Bahrain

A Step-by-Step-Guide on how to buy Stellar (XLM) in Bahrain

Step 1 – Signup to Kraken

You will first need to purchase one of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you have chosen the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find Stellar (XLM)

As soon as your deposit has been verified, you will now have access to your finances and you can start invest and trading. To buy Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to locate (XLM) Stellar, you will need to put the shortname of the coin (XLM) into the search-box, which is highlighted in the image. Make sure you have choosen the right pairing, we have marked this too. Click on “XLM/BTC” to continue.

Step 4 – Purchase Stellar (XLM)

After you have spotted (XLM) Stellar, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest price (XLM) Stellar was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XLM you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of XLM.

If you are satisfied, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vendor sells their XLM for the price you offered.

Step 5 – Withdraw (XLM) Stellar

Unless you are trading, best advise is not to keep your coins on an Exchange for an longer period of time. To take off your Stellar (XLM), go to the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the given drop-down box. Put into the volumen of Stellar (XLM) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Congratulations! You've successfully purchased and safed Stellar (XLM) in Bahrain.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the Stellar (XLM) is safe within your wallet, you're done.