How to Buy Stellar (XLM) in Cambodia

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

Step 1 – Join Kraken

You will first need to purchase one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Funds to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've selected the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate (XLM) Stellar

As soon as your deposit has been verified, you'll instantly have access to your funds and you can launch purchasing and trading. To buy Stellar (XLM) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

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

Step 4 – Purchasing Stellar (XLM)

As soon as you've spotted (XLM) Stellar, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest price (XLM) Stellar was sold 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 “Total” field is the whole price in BTC that you'll pay for the whole amount of XLM.

If you are happy, click on “Buy XLM”. Your order will be filled as soon as a Vendor trades their XLM for the price you gave.

Step 5 – Withdraw (XLM) Stellar

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

Locate Stellar (XLM) by using the given drop-down box. Drop in the volumen of Stellar (XLM) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Congrats! You have successfully bought and stored (XLM) Stellar in Cambodia.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Stellar (XLM) is stored inside your wallet, you're finished.