A Step-by-Step-Guide on how to buy Stellar (XLM) in Bhutan
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your first Bitcoin or Ethereum.
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Stellar (XLM) As soon as your deposit has been approved, you will instantly have access to your funds and you can launch invest and trading. To buy Stellar (XLM) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. To locate Stellar (XLM), you'll need to insert the cointype (XLM) into the search box, which is highlighted in the picture. Make sure you have choosen the right grouping, we have highlighted this too. Click on “XLM/BTC” to continue.
Step 4 – Buying Stellar (XLM) Once you've spotted (XLM) Stellar, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are making our Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate Stellar (XLM) was sold for. This can be changed to your favoured 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 amount of XLM. When you are happy, make a mouse click on “Buy XLM”. Your plan will be filled as soon as a Seller trades their XLM for the price you offered.
Step 5 – Withdraw (XLM) Stellar Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended time period. In order to take off your (XLM) Stellar, hover over the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the provided drop-down box. Put into the amount of Stellar (XLM) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.