How to Buy Stellar (XLM) in Belize

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

Step 1 – Join Kraken

You'll first need to buy one of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and to get your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Stellar (XLM) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

Make sure you've selected the right coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (XLM) Stellar

Once your deposit has been confirmed, you will directly have access to your funds and you can commence purchasing and trading. To purchase (XLM) Stellar on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate Stellar (XLM), you will need to put the short name of the asset (XLM) into the search-box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have marked this too. Click on “XLM/BTC” to go ahead.

Step 4 – Acquisition of Stellar (XLM)

As soon as you have located Stellar (XLM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent tariff (XLM) Stellar was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of XLM you like to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the whole quantity of XLM.

If you're satisfied, click on “Buy XLM”. Your order will be filled when a Vendor trades their XLM for the price you introduced.

Step 5 – Withdraw (XLM) Stellar

Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Stellar (XLM), go to the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the given drop-down box. Enter the volumen of Stellar (XLM) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully bought and stored Stellar (XLM) in Belize.

That's it!

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