How to Buy Stellar (XLM) in Bulgaria

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

Step 1 – Join CEX.io

You will first need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and receive your first Bitcoin or Ethereum.

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Stellar (XLM) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate (XLM) Stellar

Once your deposit has been verified, you'll instantly have access to your finances and you can start buying and trading. To invest in Stellar (XLM) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

To locate Stellar (XLM), you will need to insert the cointype (XLM) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we've marked this also. Click on “XLM/BTC” to go ahead.

Step 4 – Buy Stellar (XLM)

As soon as you've spotted Stellar (XLM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're creating our Limit Order.

The field with the “Price” tag will be filled with the up-to-date rate Stellar (XLM) was traded for. This can be changed to your preferred price. The “Amount” field is the amount of XLM you like to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of XLM.

When you're satisfied, make a mouse click on “Buy XLM”. Your order will be filled when a Vender sells their XLM for the price you offered.

Step 5 – Withdraw Stellar (XLM)

Unless you are frequently trading, best advise is not to keep crypto coins on an Exchange for an longer time period. In order to take off your (XLM) Stellar, hover over the “Funds” tab and mouse click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XLM) Stellar by using the given drop-down box. Drop in the quantity of Stellar (XLM) you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

When you're satisfied, click on “Submit”. You may be requested for phone/email verification before a take off.

Kudos! You've successfully bought and stored (XLM) Stellar in Bulgaria.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the Stellar (XLM) is stored in your wallet, you are finished.