How to Buy Stellar (XLM) in Barbados

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

Step 1 – Signup to Kraken

You'll first need to buy units of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find (XLM) Stellar

As soon as your deposit has been verified, you'll instantly have access to your funds and you can initiate buying and trading. To purchase (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” 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 image. Make sure you have selected the proper grouping, we have highlighted this too. Click on “XLM/BTC” to continue.

Step 4 – Buying Stellar (XLM)

After you have found Stellar (XLM), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're going to make our Limit Order.

The “Price” field will be filled automatically with the most recent tariff (XLM) Stellar was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of XLM you want to buy. The “Total” field is the aggregated price in BTC that you'll settle for the whole quantity of XLM.

If you're happy, make a mouse click on “Buy XLM”. Your order will be filled when a Seller sells their XLM for the price you submitted.

Step 5 – Withdraw Stellar (XLM)

Unless you're regularly trading, never keep your crypto on an Exchange for an extended time frame. To take off your (XLM) Stellar, hover over the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the given drop-down box. Drop in the volumen of (XLM) Stellar you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congratulations! You have successfully bought and safed (XLM) Stellar in Barbados.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (XLM) Stellar is safe within your wallet, you are done.