A Step-by-Step-Guide on how to buy Stellar (XLM) in Botswana
Step 1 – Join Kraken In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Stellar (XLM) Once your deposit has been approved, you will now have access to your funds and you can initiate buying and trading. To buy Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To locate Stellar (XLM), you will need to put the cointype (XLM) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we've highlighted this too. Click on “XLM/BTC” to proceed.
Step 4 – Buying (XLM) Stellar As soon as you've found (XLM) Stellar, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we're making our Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date tariff Stellar (XLM) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XLM you wish to buy. The “Total” field is the total price in Bitcoin that you will settle for the whole amount of XLM. If you're happy, click on “Buy XLM”. Your order will be filled when a Seller sells their XLM for the price you offered.
Step 5 – Withdraw Stellar (XLM) Unless you're trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your (XLM) Stellar, go to the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Stellar (XLM) by using the provided drop-down box. Drop in the amount of (XLM) Stellar you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, click on “Submit”. You may be requested for phone/email verification before a withdrawal.