A Step-by-Step-Guide on how to buy Stellar (XLM) in Brunei
Step 1 – Signup to Kraken You'll first need to purchase units of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (XLM) Stellar Once your deposit has been verified, you will instantly have access to your assets and you can initiate purchasing and trading. To purchase Stellar (XLM) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To spot (XLM) Stellar, you will need to insert the short name of the asset (XLM) into the search box, which is marked in the image. Make sure you have selected the right pairing, we have highlighted this too. Click on “XLM/BTC” to advance.
Step 4 – Buy Stellar (XLM) After you've discovered Stellar (XLM), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are making our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff (XLM) Stellar was sold for. You can change this to your favoured price. The “Amount” field is the quantity of XLM you want to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole volumen of XLM. If you are happy, make a mouse click on “Buy XLM”. Your order will be filled when a Vendor trades their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you are frequently trading, best advise is not to keep crypto on an Crypto Trader for an longer period of time. To withdraw your (XLM) Stellar, hover over the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XLM) Stellar by using the given drop-down box. Put into the quantity of Stellar (XLM) you'd like to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, click “Submit”. You could be requested for phone/email verification ahead of a take off.