How to Buy Stellar (XLM) in Cayman Islands

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

Step 1 – Join Kraken

You will first need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Stellar (XLM) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate Stellar (XLM)

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

To spot Stellar (XLM), you'll need to put the cointype (XLM) into the search box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have marked this also. Click on “XLM/BTC” to continue.

Step 4 – Buy Stellar (XLM)

Once you've found Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we're going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation Stellar (XLM) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of XLM you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole volumen of XLM.

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

Step 5 – Withdraw Stellar (XLM)

Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your Stellar (XLM), go to the tab called “Funds” and mouse click on “Withdraw”. (XLM) Stellar can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Stellar (XLM) by using the provided drop-down box. Put into the amount of (XLM) Stellar you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.

Congratulations! You have successfully bought and stored (XLM) Stellar in Cayman Islands.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Stellar (XLM) is stored within your wallet, you're all done.