A Step-by-Step-Guide on how to buy Stellar (XLM) in Bermuda
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and getting your welcome 10$.
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Stellar (XLM) As soon as your deposit has been confirmed, you'll now have access to your funds and you can start invest and trading. To purchase Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To spot (XLM) Stellar, you'll need to put the shortname of the coin (XLM) into the search box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have marked this too. Click on “XLM/BTC” to advance.
Step 4 – Purchasing (XLM) Stellar As soon as you have located (XLM) Stellar, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to make our Limit Order. The field with the “Price” tag will be filled with the most up-to-date price Stellar (XLM) was traded for. This can be changed to your preferred rate. The “Amount” field is the amount of XLM you want to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the complete quantity of XLM. If you are happy, click on “Buy XLM”. Your order will be filled as soon as a Seller sells their XLM for the price you introduced.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your (XLM) Stellar, go to the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the provided drop-down box. Enter the volumen of Stellar (XLM) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You could be asked for email/phone verification before a withdrawal.