How to Buy Stellar (XLM) in Bolivia

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

Step 1 – Join Kraken

You will first need to purchase one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Ethereum or Bitcoin to an 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 alike. Stellar (XLM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find (XLM) Stellar

As soon as your deposit has been confirmed, you will directly have access to your assets and you can start purchasing and trading. To purchase (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to spot (XLM) Stellar, you will need to put the short name of the asset (XLM) into the search box, which is marked in the graphic. Be certain of having choosen the right grouping, we've marked this too. Click on “XLM/BTC” to advance.

Step 4 – Acquisition of (XLM) Stellar

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

The “Price” field will be filled with the recent tariff Stellar (XLM) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of XLM you like to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole quantity of XLM.

When you are satisfied, click on “Buy XLM”. Your order will be filled as soon as a Vender trades their XLM for the price you offered.

Step 5 – Withdraw (XLM) Stellar

Unless you are regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your (XLM) Stellar, hover over the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the provided drop-down box. Put into the amount of (XLM) Stellar you would like to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you're glad, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Congrats! You have successfully bought and stored Stellar (XLM) in Bolivia.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the Stellar (XLM) is stored in your wallet, you're done.