How to Buy Stellar (XLM) in Burma

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

Step 1 – Join Kraken

You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and receive your first Bitcoin or Ethereum.

Step 2 – Send Your Funds to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Stellar (XLM) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find (XLM) Stellar

As soon as your deposit has been approved, you'll instantly have access to your finances and you can begin buying and trading. To buy Stellar (XLM) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate Stellar (XLM), you'll need to put the cointype (XLM) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we've highlighted this also. Click on “XLM/BTC” to progress.

Step 4 – Buy (XLM) Stellar

After you've discovered (XLM) Stellar, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent rate (XLM) Stellar was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XLM you wish to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the complete amount of XLM.

When you're satisfied, click on “Buy XLM”. Your plan will be filled as soon as a Vendor sells their XLM for the price you submitted.

Step 5 – Withdraw (XLM) Stellar

Unless you are regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended period of time. To take off your (XLM) Stellar, go to the “Funds” tab and click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XLM) Stellar by using the given drop-down box. Put into the amount of Stellar (XLM) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you're happy, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Congratulations! You've successfully purchased and safed (XLM) Stellar in Burma.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Stellar (XLM) is safe in your wallet, you're finished.