How to Buy Stellar (XLM) in Burkina Faso

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you have chosen the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (XLM) Stellar

Once your deposit has been confirmed, you'll now have access to your funds and you can commence purchasing and trading. To buy Stellar (XLM) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover (XLM) Stellar, you'll need to insert the shortname of the coin (XLM) into the search-box, which is marked in the graphic. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “XLM/BTC” to advance.

Step 4 – Purchasing Stellar (XLM)

As soon as you've discovered Stellar (XLM), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to make our own Limit Order.

The “Price” field will be filled automatically with the most up-to-date rate 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 like to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete volumen of XLM.

If you're happy, click on “Buy XLM”. Your order will be filled when a Vendor sells their XLM for the price you gave.

Step 5 – Withdraw Stellar (XLM)

Unless you are frequently trading, never keep your crypto on an Exchange for an extended time frame. To take off your Stellar (XLM), go to the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Stellar (XLM) by using the provided drop-down box. Enter the volumen of (XLM) Stellar you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.

Congratulations! You've successfully bought and stored (XLM) Stellar in Burkina Faso.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the (XLM) Stellar is stored inside your wallet, you're done.