A Step-by-Step-Guide on how to buy Stellar (XLM) in Central African Republic
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are dealing 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 approved, you'll immediately have access to your funds and you can start purchasing and trading. To purchase Stellar (XLM) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. In order to spot (XLM) Stellar, you'll need to insert the cointype (XLM) into the search-box, which is marked in the image. Make sure you have selected the right pairing, we've highlighted this also. Click on “XLM/BTC” to progress.
Step 4 – Buy (XLM) Stellar Once you've spotted Stellar (XLM), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're making our Limit Order. The “Price” field will be filled with the up-to-date valuation Stellar (XLM) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of XLM you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole quantity of XLM. When you're happy, make a mouse click on “Buy XLM”. Your order will be filled as soon as a Seller trades their XLM for the price you offered.
Step 5 – Withdraw (XLM) Stellar Unless you are frequently trading, you should never keepyour crypto on an Crypto Exchange for an extensive period of time. To withdraw your Stellar (XLM), hover over the tab called “Funds” and mouse click on “Withdraw”. Stellar (XLM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the provided drop-down box. Put into the amount of Stellar (XLM) you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.