A Step-by-Step-Guide on how to buy Stellar (XLM) in Chile
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get your welcome 10$.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Stellar (XLM) is accessible 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 want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find (XLM) Stellar As soon as your deposit has been approved, you will directly have access to your funds and you can launch invest and trading. To invest in (XLM) Stellar on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To discover (XLM) Stellar, you will need to insert the cointype (XLM) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we've marked this too. Click on “XLM/BTC” to advance.
Step 4 – Buy Stellar (XLM) Once you've located Stellar (XLM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're making our own 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 desired rate. The “Amount” field is the volumen of XLM you wish to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole volumen of XLM. When you are satisfied, make a mouse click on “Buy XLM”. Your plan will be filled when a Vender trades their XLM for the price you submitted.
Step 5 – Withdraw Stellar (XLM) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time period. In order to take off your Stellar (XLM), hover over the tab called “Funds” and click on “Withdraw”. (XLM) Stellar can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XLM) Stellar by using the given drop-down box. Drop in the volumen of (XLM) Stellar you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, click “Submit”. You could be requested for phone/email verification ahead of a take off.