How to Buy Stellar (XLM) in Benin

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

Step 1 – Signup to Kraken

You will first need to buy units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome Ethereum or Bitcoin.

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

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

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate (XLM) Stellar

As soon as your deposit has been approved, you will immediately have access to your assets and you can start buying and trading. To buy Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to find Stellar (XLM), you will need to put the shortname of the coin (XLM) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we've highlighted this also. Click on “XLM/BTC” to progress.

Step 4 – Purchasing Stellar (XLM)

As soon as you've spotted Stellar (XLM), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our Limit Order.

The field with the “Price” tag will be automatically filled with the most recent price (XLM) Stellar was traded for. This can be changed to your favoured rate. The “Amount” field is the amount of XLM you like to buy. The “Total” field is the whole price in BTC that you will settle for the complete volumen of XLM.

If you're satisfied, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Vender trades their XLM for the price you offered.

Step 5 – Withdraw Stellar (XLM)

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

Locate Stellar (XLM) by using the given drop-down box. Drop in the amount of (XLM) Stellar you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

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

Kudos! You've successfully purchased and stored (XLM) Stellar in Benin.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (XLM) Stellar is stored inside your wallet, you're done.