How to Buy Stellar (XLM) in Cameroon

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

Step 1 – Join Kraken

You will first need to buy one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and receive your welcome Bitcoin or Ethereum.

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find Stellar (XLM)

Once your deposit has been affirmed, you will directly have access to your funds and you can initiate purchasing and trading. To invest in Stellar (XLM) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to locate (XLM) Stellar, you'll need to put the short name of the asset (XLM) into the search box, which is marked in the picture. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “XLM/BTC” to go ahead.

Step 4 – Purchasing Stellar (XLM)

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

The “Price” field will be filled automatically with the most latest valuation (XLM) Stellar was traded for. You can change this to your preferred rate. The “Amount” field is the amount of XLM you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of XLM.

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

Step 5 – Withdraw (XLM) Stellar

Unless you're regularly trading, best advise is not to keep your coins on an Exchange for an extended time frame. In order to withdraw your Stellar (XLM), go to the “Funds” tab 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 provided drop-down box. Put into the volumen of (XLM) Stellar you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you are glad, click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.

Kudos! You've successfully purchased and stored (XLM) Stellar in Cameroon.

That's it!

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