How to Buy Stellar (XLM) in Cameroon

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

Step 1 – Join Coinbase and get 10$ for free

You will first need to buy one of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and receive your first $10.

Step 2 – Transmit Your Funds to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Stellar (XLM) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you've selected the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find Stellar (XLM)

Once your deposit has been verified, you will instantly have access to your finances and you can begin invest and trading. To purchase (XLM) Stellar on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to discover Stellar (XLM), you will need to insert the short name of the asset (XLM) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we have highlighted this too. Click on “XLM/BTC” to go ahead.

Step 4 – Acquisition of (XLM) Stellar

After you've found (XLM) Stellar, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're creating our Limit Order.

The field with the “Price” tag will be filled with the latest rate Stellar (XLM) was sold for. You can change this to your favoured price. The “Amount” field is the volumen of XLM you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of XLM.

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

Step 5 – Withdraw (XLM) Stellar

Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an extended period of time. To withdraw your (XLM) Stellar, hover over the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Congratulations! You have successfully purchased and safed (XLM) Stellar in Cameroon.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the (XLM) Stellar is stored inside your wallet, you're finished.