How to Buy Stellar (XLM) in Chile

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

Step 1 – Join Kraken

You will first need to buy one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Stellar (XLM) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find Stellar (XLM)

Once your deposit has been approved, you will now have access to your assets and you can start buying and trading. To buy (XLM) Stellar on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to spot Stellar (XLM), you will need to put the short name of the asset (XLM) into the search-box, which is marked in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “XLM/BTC” to go on.

Step 4 – Purchasing (XLM) Stellar

After you have found Stellar (XLM), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price (XLM) Stellar was sold for. You can change this to your favoured price. The field with the “Amount” tag is the amount of XLM you want 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 glad, make a mouse 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 frequently trading, best advise is not to keep crypto on an Crypto Trader for an longer period of time. In order to withdraw your (XLM) Stellar, go to the tab called “Funds” and click on “Withdraw”. Stellar (XLM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XLM) Stellar by using the given drop-down box. Put into the quantity of Stellar (XLM) you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address.

If you're happy, click “Submit”. You could be requested for phone/email verification before a withdrawal.

Congrats! You have successfully purchased and stored Stellar (XLM) in Chile.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the Stellar (XLM) is safe within your wallet, you are all done.