A Step-by-Step-Guide on how to buy Stellar (XLM) in Canada
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Stellar (XLM) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Stellar (XLM) As soon as your deposit has been affirmed, you will instantly have access to your funds and you can start purchasing and trading. To invest in (XLM) Stellar on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. In order to discover (XLM) Stellar, you'll need to put the cointype (XLM) into the search box, which is marked in the graphic. Be certain of having choosen the right pairing, we've marked this also. Click on “XLM/BTC” to continue.
Step 4 – Acquisition of Stellar (XLM) After you've discovered Stellar (XLM), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff Stellar (XLM) was traded for. You can change this to your favoured price. The “Amount” field is the volumen of XLM you want to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the whole amount of XLM. If you are glad, click on “Buy XLM”. Your order will be filled as soon as a Vendor sells their XLM for the price you gave.
Step 5 – Withdraw (XLM) Stellar Unless you're trading, you should never keepyour coins on an Exchange for an extensive time period. To withdraw your (XLM) Stellar, hover over the “Funds” tab and mouse click on “Withdraw”. (XLM) Stellar can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Stellar (XLM) by using the given drop-down box. Put into the volumen of (XLM) Stellar you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.